Hokuriku Electric Industry Co.,Ltd.
Notice of Revision to Dividend Forecast for Fiscal Year Ending March 2027 (No Dividend)
Revised the dividend forecast for the fiscal year ending March 2027 to 0 yen for the entire period. Changed policy to not pay interim or year-end dividends on the assumption that the tender offer will be consummated.
Key Figures
- Previous forecast annual dividend: 95.00 yen
- Revised annual dividend: 0.00 yen
- Interim dividend (record date): 0.00 yen
AI要約
Overview of Decision
The Board of Directors decided to revise the dividend forecast announced on May 12, 2026, and resolved not to pay the interim dividend for the record date of September 30, 2026. Furthermore, on the condition that the tender offer is consummated, it indicated a policy of not paying the year-end dividend for the record date of March 31, 2027. The tender offer is the BCJ-116 offer, and the decision is conditional on the consummation of that offer.
Impact and Background
While dividends had been considered based on prior capital efficiency metrics (DOE of 3.0% or higher and a payout ratio of 35%), the company decided to forgo dividends as a condition of the tender offer. It has been suggested that if the tender offer is successful, there is a risk of delisting.
Hokuriku Electric Industry Co.,Ltd.
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