Kaji Technology Corporation
Notice Regarding Revision of Dividend Forecast for the Fiscal Year Ending March 2027 (No Dividend)
Assuming the tender offer is completed, the dividend forecast for the fiscal year ending March 2027 has been revised to no dividend. The interim and year-end dividends were the same as the previous forecast, while the year-end dividend has been revised to 0 yen. Policy change based on the assumption of delisting.
Key Figures
- Dividend per share (yen): Previous forecast 70 yen → Revised to 0 yen
- Prior year year-end dividend: 60 yen
- Revised dividend this time: 0 yen
AI要約
Change in Dividend Policy and Background
The Board of Directors, having resolved to support and recommend tender offer CSRI No.17, decided that, conditional on the completion of the tender offer, the dividend forecast for the fiscal year ending March 2027 will be revised and no dividend will be paid. The bidder has indicated an intention to make the Company a wholly owned subsidiary after the acquisition, and delisting is planned, which forms the background. The prior policy of balancing sustained growth investments and shareholder returns was premised on the Company remaining listed; current circumstances represent a policy shift assuming delisting.
Impact and Outlook
With this revision, the dividend for the fiscal year ending March 2027 will be 0 yen, substantially changing the form of shareholder returns. The impact on shareholders depends heavily on whether the tender offer is completed, and uncertainty remains until delisting prospects are clarified. However, the Company states it will continue to prioritize R&D and capital expenditures that contribute to sustainable growth, and the aim to maximize shareholder value remains in place.
Kaji Technology Corporation
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