SHARE INFORMATION

SHARE-RELATED PROCEDURES

Change of Name or Address

Please update your details registered with Frontier Management Premium Benefits Club.
In addition, please complete the change of shareholder address procedures with your securities company, for shareholders with accounts at securities companies, or with the Stock Transfer Agency Department of Mitsubishi UFJ Trust and Banking Corporation, for shareholders with special accounts.

Telephone inquiries:
Stock Transfer Agency Department, Mitsubishi UFJ Trust and Banking Corporation
0120-232-711
Office hours: 9:00 a.m. to 5:00 p.m. (excluding weekends and public holidays)

Method of Public Notice

Public notices are issued as electronic public notices, posted on the Company’s website under “ELECTRONIC PUBLIC NOTICES” (IR).
However, if it is not possible to issue electronic public notices due to accident or other unavoidable circumstances, public notices will be issued in The Nikkei (Nihon Keizai Shimbun).

Dividend Policy and Dividend Trend

Shareholder Return Policy

• Our basic policy is to continue to pay stable dividends, while securing the retained earnings necessary to expand our future business and strengthen our management structure
• Our dividend payout ratio is targeted at 40% of net income attributable to owners of parent and we determine dividends based on cash-backed gains and losses excluding gains and losses on Frontier Capital Inc. (FCI) that do not involve cash flows and the impact of unrealized losses on investment securities

Dividend Policy

Our basic policy on the distribution of profits for the fiscal year ended December 31, 2023 (FY2023) is to continue to pay stable dividends, while securing the retained earnings necessary to expand our future business and strengthen our management structure. Based on a consideration of the Group’s consolidated business results, financial and economic conditions, and other factors, as well as our dividend payout ratio target of 40% of consolidated net income, excluding our consolidated subsidiary FCI, we determined to pay a year-end dividend of JPY 41 per share.
In the fiscal year ending December 31, 2024 (FY2024), we will continue to target a payout ratio of 40% of consolidated net income, excluding FCI. This policy has been determined upon consideration of two factors. One is the fact that paying dividends from FCI’s gains and losses, unrealized losses on investment securities, and other gains and losses that do not involve cash flows would deplete the source of dividend payments to shareholders, which we believe would be at odds with our basic policy on dividends. Another is that while any future investment by FCI in a company that then becomes its consolidated subsidiary would result in a temporary increase or decrease in the Company’s consolidated net income on an accounting basis, this would have no actual effect on the Company’s source of dividend payments. We plan to pay dividends based on a consideration of the Group’s full-year consolidated business results, financial and economic conditions, and other factors.
We intend to utilize the Group’s internal reserves effectively for purposes such as business expansion in Japan and overseas, as well as to fund our efforts to secure talented human resources.
Our basic policy is to pay dividends of surplus once per year as year-end dividends. The decision-making body for dividends of surplus is the Shareholders Meeting. The Company’s Articles of Incorporation also provide that the Company may pay interim dividends by resolution of the Board of Directors. The dividend of surplus for the fiscal year ended December 31, 2023 is as follows.

Dividend Trend

Dividends

ARTICLES OF INCORPORATION

• Frontier Management Inc. Articles of Incorporation (Revised March 27, 2024)(231KB)

Chapter 1. General Provisions
Chapter 2. Shares
Chapter 3. Shareholders Meeting
Chapter 4. Directors and the Board of Directors
Chapter 5. Audit and Supervisory Committee Members and the Audit and Supervisory Committee
Chapter 6. Accounting Auditor
Chapter 7. Accounts