Mabuchi Motor Co., Ltd.
Notice Regarding Change in Basic Dividend Amount Calculation Standards
From fiscal 2025, the standard for Return on Equity (ROE) will be raised from less than 8% to less than 10%, and the dividend payout ratio will be set with a lower limit of 50% to strengthen shareholder returns through revised dividend amount calculation standards.
Key Figures
- ROE standard: Raised from less than 8% to less than 10%
- DOE target range: 3.0–4.0% (unchanged)
- Dividend payout ratio lower limit: 50% (unchanged)
AI要約
Overview of Changes to Dividend Amount Calculation Standards
Mabuchi Motor Co., Ltd. has revised the dividend amount calculation standards based on the Dividend on Equity (DOE), adopted to achieve long-term stable dividends. Specifically, the previous ROE standard of less than 8% has been raised to less than 10%, and when the Price-to-Book Ratio (PBR) is less than 1, dividends will be based on a DOE of 4%. If the amount corresponding to DOE 4% results in a dividend payout ratio below 50%, the company will continue to set the dividend payout ratio at a minimum of 50%. These changes will apply starting fiscal 2025 (ending December 2025).
Intentions to Strengthen Shareholder Returns and Future Outlook
This revision aims to improve capital efficiency. By raising the ROE standard, the company intends to maintain stable dividends even if performance falls below a certain level, thereby further strengthening shareholder returns. This provides shareholders with a clearer dividend policy and enhances transparency in capital management. The company will continue to determine dividend policy comprehensively by considering cash flow and business environment going forward.
