Dowa Holdings Co., Ltd.
Notice Regarding Transfer of Equity-Method Affiliates (Share Transfer) and Recording of Extraordinary Profit
DOWA Holdings plans to transfer 14,980,000 shares of Fujita Kanko stock for 38.992 billion yen, recording an extraordinary profit of approximately 23 billion yen.
Key Figures
- Number of Shares Transferred: 14,980,000 shares
- Transfer Price: 38,992 million yen
- Extraordinary Profit Recorded: Approximately 23 billion yen (planned for fiscal year ending March 2026)
AI要約
Overview of Share Transfer
DOWA Holdings Co., Ltd. has resolved to transfer 14,980,000 ordinary shares of Fujita Kanko Co., Ltd., an equity-method affiliate, to NSSK-GAMMA2 LLC, which is funded by the Japan Industrial Promotion Organization Group. The transfer price is 38,992 million yen, and as a result of the transfer, Fujita Kanko will be excluded from equity-method affiliates. This action aligns with the policy in the Medium-Term Plan 2027 to reduce owned listed shares by 50%.
Shareholder Returns and Future Outlook
An extraordinary profit of approximately 23 billion yen is expected to be recorded in the consolidated financial statements for the fiscal year ending March 2026 due to this share transfer. After tax deductions, the proceeds will be primarily allocated to shareholder returns through dividends and share buybacks. An additional special dividend of 100 yen per share will be paid, and share buybacks will be conducted with a maximum limit of 10 billion yen. Going forward, the company aims to continue shareholder returns targeting either a dividend payout ratio of 35% or 150 yen per share, whichever is higher.
