In 2020, the 20th anniversary of our JASDAQ listing and the final year of our second medium-term plan, we aim to achieve plan goals and reform our business structure.
President & COO
On February 15, 2000, ITFOR Inc. listed on the JASDAQ Securities Exchange as a vendor of industry-specific software packages for systems such as those used by financial institutions, retailers, and call centers.
We expanded our share of the market for systems aimed at financial institutions, especially regional banks, by developing and selling our Total Collection System for integrated management of overdue loans from the initial stages to charge-off. At the same time, we enhanced our line-up of systems for the public sector, business process outsourcing services, and other products and services, successfully changing course from our previous business model centered on hardware sales to become a developer of software packages. Our business has grown by applying the expertise and advanced technological capabilities we have amassed to meet the needs of our customers.
Under our second medium-term plan, which began in fiscal 2018, while continuing to leverage the product and service strengths of our existing business, we are further reinforcing our revenue structure by transforming ITFOR from a vendor of products, particularly hardware, to a provider of cloud-based services. We also aim to achieve sustainable growth by expanding business based on our iRITSpay Cloud cashless payment system and iRITSpay Terminal multi-payment terminal and developing new business in areas including anti-money-laundering solutions.
To celebrate the 20th anniversary of our listing and thank our shareholders for their support, we have decided to issue a commemorative 2-yen dividend. To meet shareholder expectations for future returns, we aim to achieve a consolidated dividend payout ratio of at least 30%.
In 2022 we will reach a further milestone as we mark the company’s 50th anniversary. In our next 50 years, we will achieve further growth for the business through new ideas and agility that go beyond the bounds of convention, contribute to people’s lives and society, and further raise corporate value.
I look forward to your further understanding and support.