Change the dividend policy to a sustainable, steady dividend aimed at a standalone payout ratio of 30%. Application begins in the fiscal year ending March 2027. The current interim and year-end dividend forecasts for the fiscal year ending March 2027 are 6 yen each, but these may be revised depending on period profitability in line with the policy change.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9605","jir_company_name":"Toei Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/9605-20260810-03.pdf","jir_short_summary":"Change the dividend policy to a sustainable, steady dividend aimed at a standalone payout ratio of 30%. Application begins in the fiscal year ending March 2027. The current interim and year-end dividend forecasts for the fiscal year ending March 2027 are 6 yen each, but these may be revised depending on period profitability in line with the policy change.","jir_summary":"### Change in dividend policy\nToei values shareholder returns while strengthening the management base and financial health, and has changed its policy to aim for a continuous and stable dividend with a standalone payout ratio target of 30%. The rationale explains that, given the characteristics of the entertainment business, dividends linked to period profit and loss are aligned with business characteristics.\n\n### Effective date and impact\nThe new dividend policy applies from the fiscal year ending March 2027, and the interim and year-end dividends for the fiscal year ending March 2027 are currently unchanged at 6 yen each. However, under the new policy, the interim and year-end dividend forecasts may be revised according to the period profitability for the FY2027. The fundamental policy of shareholder returns remains unchanged, with the key point being the clarification of numerical targets.","jir_financial_highlights":"Standalone dividend payout ratio target: 30\uff05\u3092\u76ee\u9014\u3068\u3059\u308b (Specified as the quantitative metric after the change)\nFY2027 year-end dividend forecast: 6\u5186 (Even after the change, the forecast of 6 yen for the FY2026 year-end results remains unchanged at present)\nFY2027 interim dividend forecast: 6\u5186 (Remains unchanged at present)","jir_category":"","jir_hashtags":"#Toei, #Dividend, #ShareholderReturn","jir_key_figures":"Standalone dividend payout ratio: 30\uff05\u3092\u76ee\u9014\u3068\u3059\u308b\nInterim dividend forecast: 6\u5186\uff082027\u5e743\u6708\u671f\uff09\nYear-end dividend forecast: 6\u5186\uff082027\u5e743\u6708\u671f\uff09","jir_meta_title":"Toei: Change Dividend Policy to Target 30% | Applied from FY2027","jir_meta_description":"Toei changes its dividend policy to a sustainable continuous dividend aiming for a standalone payout ratio of 30%. Application is from FY2027, with interim and year-end dividends forecast at 6 yen each for FY2027. Explanations of the reasons and impacts are provided.","jir_og_title":"Toei: Change Dividend Policy to Target 30% | Applied from FY2027","jir_og_description":"Toei announces a review of its dividend policy, aiming for a sustainable, stable dividend with a standalone payout ratio of 30%. Application is from FY2027, with interim and year-end dividends forecast at 6 yen each.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7984,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"dividend","footnotes":""},"sector":[],"importance":[],"class_list":["post-101221","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n