Smaregi seeks to drop PSU proration and lift the payout ceiling to 200%
Directors’ stock awards would no longer be prorated for months served and could pay up to 200% of base shares, if shareholders back Smaregi’s proposal on July 29.
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Smaregi,Inc.
Latest Tokyo Brief coverage on Smaregi,Inc., tracking filings, financial news, and market signals from Japan.
- Code
- 4431
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- TSE
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TSE:4431
Smaregi turns recurring revenue into faster profit growth and a bigger dividend
Revenue in the year to April rose 20.6% to ¥13.3 billion, but operating profit climbed 35.2% to ¥3.2 billion as monthly fees grew 31.7% and advertising and hiring costs were managed more tightly. Cash and equivalents ended April at ¥8.1 billion, the annual dividend rose to ¥24 a share, and the company plans ¥29 for the coming year.