Chugoku Marine Paints, Ltd.
Notice on Revision of Dividend Forecast (Special Dividend)
The annual dividend forecast for the fiscal year ending March 2026 has been revised upward from 97 yen to 111 yen. A special dividend of 14 yen has been added, reallocating approximately 700 million yen from the planned share buyback to dividends.
Key Figures
- Annual Dividend: 111 yen (Regular Dividend 49 yen + Special Dividend 14 yen)
- Dividend at End of 2Q: 63 yen (previous forecast 49 yen)
- Planned Share Buyback Amount: Approximately 700 million yen (cancelled and reallocated to dividends)
AI要約
Details of Dividend Forecast Revision
Chugoku Marine Paints, Ltd. has revised its year-end dividend forecast for the fiscal year ending March 2026, raising the annual dividend from the previously forecasted 97 yen to 111 yen. This includes a regular dividend of 49 yen plus a special dividend of 14 yen. The revision results from canceling the initially planned share buyback of approximately 700 million yen and reallocating that amount to the special dividend. This is aimed at enhancing shareholder returns.
Background of Revision and Shareholder Return Policy
The company’s medium-term management plan sets a consolidated dividend payout ratio target of over 40% and a minimum annual dividend of 35 yen. When determining dividends, a special provision excludes one-time profits to aim for stable shareholder returns. The current dividend revision reflects a comprehensive consideration of the management environment and equity market conditions, deciding to cancel the share buyback and reallocate funds to dividends to expand shareholder returns.
