Rengo Co., Ltd.
Notice Regarding Capital Policy for Enhancing Shareholder Value
Rengo Co., Ltd. has established a basic capital policy starting from the fiscal year ending March 2027, aimed at improving capital efficiency and strengthening shareholder returns, including share buybacks totaling 40 billion yen.
Key Figures
- Total Share Buyback Amount: 40 billion yen (Two-year plan through fiscal year ending March 2028)
- Asset Disposal Amount: 60 billion yen (Reduction of policy holdings and non-core assets)
- Dividend Payout Ratio Target: 40%, DOE Floor: 3%
AI要約
Overview of Capital Policy
Based on the medium-term vision 'Vision120' announced in May 2025, Rengo Co., Ltd. has set the basic policy for a capital policy to be applied from the fiscal year ending March 2027 in order to achieve sustainable growth while maintaining financial soundness. The main measures include generating 60 billion yen through asset disposals by reducing policy holdings and non-core assets, strengthening investment discipline, and gradually conducting share buybacks totaling 40 billion yen. Additionally, the company plans to maintain stable and continuous dividends aiming for a payout ratio of 40% and a DOE of 3%.
Balancing Shareholder Returns and Financial Soundness
This policy aims for shareholder returns within the scope of free cash flow, assuming maintenance of credit ratings and financial soundness indicators. Investment decisions will emphasize capital cost awareness and rigorous selection of projects based on profitability and recoverability. Future implementation of measures will be determined incrementally by the Board of Directors considering business environment and financial conditions, with continuous explanations provided in financial result presentations.
Rengo Co., Ltd.
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