Tohoku Steel Co., Ltd.
Notice Regarding Interim Dividend for Fiscal Year Ending March 31, 2027 (No Dividend)
No interim dividend will be paid; the dividend per share is 0 yen. The reason is to avoid economic imbalance among shareholders due to fractional-share handling related to a tender offer.
Key Figures
- Dividend per share: 0 yen00 sen
- Previous period result: 15 yen00 sen
- Whether interim dividend is paid: No dividend decided
AI要約
Dividend Policy and Decision
The company has decided not to pay an interim dividend for the fiscal year ending March 31, 2027, and announced an interim dividend of 0 yen. The background for this decision includes the need to avoid economic imbalance among shareholders arising from fractional-share handling associated with the tender offer by Daido Steel Co., Ltd., and, while considering the shareholder return policy, the conclusion was to forgo paying a dividend at this time.
Background and Impact
Following the success of the tender offer, the company may be delisted from the stock exchange, and alignment with the tender price is being prioritized regarding shareholder returns. This decision of no dividend aims to avoid economic imbalance caused by fractional-share handling associated with the consolidation, and the future dividend policy is undecided (TBD).
Tohoku Steel Co., Ltd.
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