Exhibit 99.3
August 9, 2019
PRESS RELEASE
| 4-1-3 Taihei, Sumida-ku, Tokyo | ||||
| Pepper Food Service Co., Ltd. | ||||
| Kunio Ichinose, Representative Director, President and Chief Executive Officer | ||||
| (Code number: 3053) TSE 1st Section | ||||
| Inquiries: | Ichiro Yasuda, General Manager of General Affairs Department | |||
| Telephone number: | +81 (0)3 3829 3210 | |||
Notice of Distributions from Surplus
Pepper Food Service Co., Ltd. (the “Company”) hereby issues notice that, at the meeting held on August 9, 2019, the Board of Directors has decided to carry out the following distribution of surplus, with the base date for the said distribution being June 30, 2019.
| 1. | Details of Distributions |
| Finalized amount | Most recent forecast (February 14, 2019) |
Results of previous FY (FY ended December 2018) | ||||
| Base date |
June 30, 2019 | As to the left | June 30, 2018 | |||
| Dividend per share |
15.00 yen | As to the left | 15.00 yen | |||
| Amount paid in dividends |
315 million yen | — | 311 million yen | |||
| Effective date |
September 6, 2019 | — | September 7, 2018 | |||
| Source of dividends |
Retained earnings | — | Retained earnings |
| 2. | Reason |
The Company’s basic policy is to distribute profits to shareholders once it has made an overall judgment of the Company’s financial circumstances, business performance, and other general management matters, having secured internal reserves in preparation for the future development of its business operations.
As of the end of the second quarter of the fiscal year ending December 2019, the Company has maintained a stable interim dividend of 15.00 yen per share, as per the dividend forecast announced on February 14, 2019.
End