H2O Retailing Corporation
Progress of Initiatives Toward Management Conscious of Capital Cost and Stock Price
Executing a plan for annual dividend of 48 yen in FY2026 (+20 yen YoY from FY2023) and a cumulative share buyback of 30 billion yen over three years. Reduction of policy-held shares is expected to decrease the consolidated net assets ratio below 20%.
Key Figures
- Annual dividend of 48 yen (projected for FY2026, +20 yen YoY from FY2023)
- Cumulative share buyback of 30 billion yen (plan for FY2024-26)
- Consolidated net assets ratio 19.3% (as of March 2027 projection)
AI要約
Overview of Capital and Financial Strategies
H2O Retailing Corporation will start full-scale implementation of its capital and financial strategies from FY2024, aiming for an early achievement of a PBR of 1.0 and sustainable stability. The strategy focuses on targeted investment in high-growth, high-profitability businesses and strengthening shareholder returns, with a planned increase in per-share dividends from 28 yen in FY2023 to 48 yen in FY2026. Additionally, a share buyback of approximately 30 billion yen is planned from FY2024 to FY2026 to improve shareholder return and financial metrics.
Reduction of Policy-Held Shares and Maintaining Financial Soundness
The reduction of policy-held shares, including shares of Toho, will be steadily executed by April 2026, with the consolidated net assets ratio expected to fall below 20% by the end of FY2027. This aims to enhance capital efficiency and improve market valuation. The shareholder return policy sets a dividend yield of at least 1.8% (DOE), and flexible return measures will be implemented. Dialogue with shareholders and the expansion of shareholder benefits are also being promoted.
H2O Retailing Corporation
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