Miyaji Engineering Group,Inc.
Actions toward realizing management mindful of capital cost and stock price (FY2026)
Resolved the policy on capital strategy for FY2026. To achieve an ROE of 10%, planned share buybacks up to 400,000 shares and 633 million yen. Dividend policy assumes a payout ratio of 100%, with total shareholder return targeted at around 130% by combining share buybacks. Continued reduction of policy-held shares. Next medium-term plan (FY2027–FY2031) to be announced.
Key Figures
- Self-treasury stock acquisition upper limit: 400,000 shares
- Total upper limit for treasury stock acquisition: 633 million yen
- Dividend forecast: 75 yen per share ( interim 27 yen, year-end 48 yen)
- Total return ratio: approximately 130%
AI要約
Current performance/financial position and policy stance
Miyachi Engineering Group resolved to pursue comprehensive capital policy aimed at medium- to long-term corporate value enhancement and optimization of capital cost. Based on the 2022–2026 medium-term plan, ROE of 10% had been targeted; however, due to decreased project activity and a decline in ROE from FY2025 onward, the FY2026 performance target was revised downward. Going forward, the group will strive to achieve ROE of 10% while maintaining financial soundness, and will promote capital efficiency improvements and agile capital policy.
Specific measures and upcoming schedule
Share buybacks up to 400,000 shares and 633 million yen will be implemented. The acquired shares are planned to be used for stock compensation schemes and similar programs. The dividend policy emphasizes shareholder returns, with the FY2027 dividend forecast set at 75 yen per share, and the total shareholder return ratio expected to be about 130% when combined with share buybacks. The ratio of policy-held shares was 17.3% as of the end of March 2026, but the policy remains to reduce it to under 10%. The details of the next medium-term plan (FY2027–FY2031) will be disclosed within FY2026.
Miyachi Engineering Group Co., Ltd.
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