Japan's Zenkoku Hosho Co. Ltd. raised its dividend year over year for the fiscal year ended March 31.

The credit guarantee company declared a dividend of ¥80 per share, up from ¥62 per share in the prior-year period, it said in a May 30 release.

The dividend's effective date of distribution is June 18.

Further, the company also appointed Keiichi Asada a director, and Masahito Kamijo and Yoshiro Nagashima outside independent directors on its board.

The dividend and appointments remain subject to shareholder approval.

As of May 30, US$1 was equivalent to ¥108.90.