[Japan’s Specialty Industries] Stock Split and Dividend Revision | October 2026

Overview of Stock Split

Japan's Specialty Industries will implement a stock split based on the record date of September 30, 2026, splitting common shares by a 2-for-1 ratio. This will increase the number of issued shares from approximately 199,247,720 to approximately 398,495,440, aiming to lower trading unit size and broaden the investor base. The total authorized shares under the Articles of Incorporation will also be changed from 3.9 billion to 7.8 billion shares, with no change in capital stock. The split will take effect on October 1, 2026, with the record date announcement scheduled for September 10, 2026.

Revision of Dividend Forecast and Impact on Shareholders

Following the stock split, the dividend forecast for the fiscal year ending March 2027 has been revised to 52.50 yen (pre-stock split basis). Although reduced by half from the previous 105 yen, the actual dividend amount remains unchanged, and shareholders' total benefit is unaffected, as the increase in shares offsets the dividend per share reduction. The dividend forecast announced on April 30, 2026, has been adjusted to match the split ratio, with no substantial change in the actual dividend amounts.