Baycurrent, Inc.
Notice of Partial Change to Basic Policy on Shareholder Returns (Change to Capital Allocation Policy)
Revises cash handling by standardizing operating cash to approximately 25% of forecasted revenue. Excess cash will be flexibly allocated to future growth investments and share buybacks. Dividend payout ratio target remains 40% on an IFRS basis; no impact on consolidated results this fiscal year. Specific investment or buyback implementations will be disclosed in a timely manner.
Key Figures
- Dividend payout ratio on an IFRS basis: 40%
- Target annual operating cash level: approx. 25% (as a percentage of forecasted revenue)
- Utilization of excess cash as a source for future growth investments and share buybacks
AI要約
Changes to Capital Policy
This announcement revises part of the basic policy on shareholder returns by updating the capital allocation policy. Under the previous policy, the company held up to approximately 40% of forecasted revenue as maximum cash and allocated any excess to share buybacks, among other uses. Under the new policy, operating cash for business purposes will be standardized to approximately 25%, and amounts exceeding that level will be flexibly allocated to future growth investments and share buybacks. There is no change to the dividend policy (targeting a 40% payout ratio on an IFRS basis).
Future Impact and Disclosures
The company states there will be no impact on consolidated results for the current fiscal year due to this change. Specific implementations of growth investments or share buybacks will be disclosed in a timely and appropriate manner. By securing operating cash and maximizing capital efficiency, the company aims to balance agile investment and shareholder returns.
Baycurrent, Inc.
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