JVCKENWOOD Welcomes Stable Return of Profits

JVCKENWOOD Corporation (“JVCKENWOOD”) resolved at its Board of Directors held today to distribute a dividend of surplus as described below. The record date thereof is March 31, 2022.

1.Details of dividend

2. Reasons
JVCKENWOOD considers the stable return of profits and the securing of management resources for future growth as one of the most important management challenges. For this reason, the Company decides dividends and other appropriations of surplus by comprehensively considering profitability and financial conditions.
For the fiscal year ended March 2022, the Company declared to distribute a year-end dividend of 6 yen per share based on the profit performance and the above-mentioned dividend policy.
For the fiscal year ending March 31, 2023, the Company will strive to improve the business performance and financial condition and will increase the annual dividend forecast by 1 yen to a year-end dividend of 7 yen per share based on the above policy.