TTK Co., Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>
The Company places importance on appropriate profit returns to shareholders while maintaining strong creditworthiness and necessary and sufficient retained earnings to support long-term funding needs and strengthen competitiveness and profitability. As the Company operates in the construction industry, which has unstable funding requirements, it must maintain strong creditworthiness to fulfill its public role in providing stable information and communications services and infrastructure in the Tohoku region. Additionally, the Company must prepare for potential future business expansion and capital investment needs.
Based on these considerations, the Company's basic dividend policy is to "balance the maintenance of necessary and sufficient retained earnings with appropriate shareholder returns."
Specifically, under the "Fifth Medium-Term Management Plan" (fiscal years 2017–2019), the Company aims to implement appropriate shareholder returns targeting a dividend payout ratio of 40% (provided that the dividend per share shall not fall below 15 yen), except in cases where short- to medium-term funding shortfalls arise due to changes in the business environment.
The Company's dividend policy is to pay dividends twice annually: an interim dividend and a year-end dividend. The interim dividend is decided by the Board of Directors, and the year-end dividend is decided by the General Shareholders' Meeting.
Based on the above policy, after carefully reviewing the Company's performance in the current fiscal period (65th fiscal year), future business plans and performance forecasts, the status of retained earnings in light of potential long-term funding needs, and other factors, the Company has determined that its performance exceeded previous projections and that appropriate levels of retained earnings are maintained even when considering potential long-term funding needs. Accordingly, the year-end dividend for the current fiscal period is set at 25 yen per share as part of shareholder returns.
Combined with the interim dividend of 10 yen per share already paid, the total annual dividend for the current fiscal period is 35 yen per share.
<p class="smt_text2" style="text-align:justify;padding-left:13.5pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:13pt;font-size:9pt;">The Company's Articles of Incorporation provide for the implementation of interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act.
 
(Note) Dividends from surplus for the 65th fiscal year are as follows.
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Resolution Date
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Total Dividend Amount (Thousands of Yen)
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Dividend per Share (Yen)
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November 7, 2017
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199,602
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10
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Board of Directors
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June 28, 2018
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498,934
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25
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Annual General Shareholders' Meeting
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Our basic policy is to maintain necessary and sufficient retained earnings while implementing appropriate shareholder returns in a balanced manner. Under the Fifth Medium-Term Management Plan, we target a dividend payout ratio of 40% (with a minimum of 15 yen per share), and we will pay dividends twice annually (interim and year-end dividends).

TTK Co., Ltd. (E00193) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)