Cresco Ltd.
Notice of Revision of Fiscal Year-End Dividend Forecast (Increase)
The dividend forecast for the fiscal year ending March 2026 has been revised upward from 29 yen per share to 35 yen, bringing the annual dividend forecast to 64 yen.
Key Figures
- Fiscal Year-End Dividend Forecast: 35 yen (up from previous forecast of 29 yen)
- Annual Dividend Forecast: 64 yen (up from previous forecast of 58 yen)
- Interim Dividend: 29 yen (for this period)
AI要約
Reason for Revision of Dividend Forecast
Cresco Inc. revised its dividend forecast for the fiscal year ending March 2026 from 29 yen per share, announced on May 9, 2025, upward to 35 yen. This revision is due to a combination of factors: management aimed at managing capital costs and resource allocation for growth investments through the sale of investment securities, along with a projected reduction in tax expenses attributable to the application of tax incentive schemes such as the tax credit for wage increases. Additionally, net income attributable to owners of the parent exceeded previous estimates. As a result, the annual dividend forecast has been increased to 64 yen.
Dividend Details and Future Outlook
With this revision, the annual dividend for the fiscal year ending March 2026 will total 64 yen, comprised of an interim dividend of 29 yen and a final dividend of 35 yen. The company's dividend policy aims to distribute approximately 50% of net income attributable to owners of the parent on an ongoing basis. Moving forward, the company will continue to balance growth investments and capital costs to achieve stable dividends.
Cresco Inc.
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