Ichigo ＜2337＞ announced an increase in dividends for the fiscal year ending 2024/2 on the 15th.
The record date is 2024/2/29, the dividend per share is 9 yen 00 sen, the effective date is 2024/5/27, the dividend source is retained earnings, and it is scheduled to be resolved at the Annual General Meeting of Shareholders.
The company's financial results for the fiscal year ending 2024/2 were net income of 12.108 billion yen (up 21.1%) and net cash profit of 17.888 billion yen (15.3% increase) compared to the initial earnings forecast announced on 2023/4/19.
Business performance has increased drastically compared to the initial earnings forecast, and record high profit in stock earnings has been updated.
In the current fiscal year, all segments of the company remained steady, and in particular, due to strong demand for hotels, hotel-related income (asset management fees, rent income, hotel operator income) greatly exceeded expectations, contributing to the expansion of stock earnings. Also, as sponsor support for REITs operated by the company, the provision of 5 hotels, including the company's brand hotels, to the Ichigo Hotel REIT Investment Corporation ＜3463＞ and the expansion of sales channels such as “Ichigo Residence Tokens” due to the growth of Ichigo Owners contributed to the expansion of flow profits.
The company has introduced a “progressive dividend policy” as a basic shareholder return policy since the fiscal year ended 2017/2. The lower limit of dividends per share for each fiscal year is the dividend per share for the previous fiscal year, and as a general rule, dividend growth is achieved by “not reducing dividends,” and the stability and transparency of dividends are enhanced.
Furthermore, dividends are also scheduled to be increased to 10 yen next fiscal year, and as a result, dividends are expected to increase for 3 consecutive terms.