In the consolidated fiscal year ending November 2025, derivative valuation gains of 1,892 million yen related to currency forward contracts were recorded as non-operating income. The consolidated dividend payout ratio target remains above 40%, maintaining dividends at least at the previous term\u2019s level.<\/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":"2734","jir_company_name":"Sala Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-01-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/2734-20260113-03.pdf","jir_short_summary":"In the consolidated fiscal year ending November 2025, derivative valuation gains of 1,892 million yen related to currency forward contracts were recorded as non-operating income. The consolidated dividend payout ratio target remains above 40%, maintaining dividends at least at the previous term\u2019s level.","jir_summary":"### Regarding the Recognition of Non-Operating Income (Derivative Valuation Gains)\nIn the consolidated fiscal year ending November 2025, derivative valuation gains of 1,892 million yen related to currency forward contracts were recorded as non-operating income due to fluctuations in foreign exchange rates. This is attributable to consolidated subsidiary Sala e-Power Co., Ltd. entering into currency forwards based on foreign currency-denominated import material purchase contracts, as a risk hedging measure to secure stable earnings from the wood biomass power generation business under the Feed-in Tariff (FIT) scheme. Additional currency forwards covering 2025 through 2039 have also been contracted to mitigate foreign exchange risk.\n\n### Basic Dividend Policy and Future Outlook\nDividends are planned to be maintained at least at the previous term\u2019s level, with a policy to target a consolidated dividend payout ratio of 40% or more, excluding the effects of derivative valuation gains and losses related to currency forwards. The fair value gains and losses on currency forwards are expected to decrease as business progresses and to become zero in 2039, the final year of FIT scheme application. Cumulative valuation gains and losses will also be offset through profit and loss to net to zero.","jir_financial_highlights":"Non-Operating Income (Derivative Valuation Gains): 1,892 million yen (Increase compared to the previous consolidated fiscal year (1,077 million yen in the prior year))\nFair Value Gains\/Losses on Outstanding Currency Forward Contracts at Fiscal Year-End: 7,076 million yen (Increased from 5,183 million yen at the end of the previous term)\nConsolidated Dividend Payout Ratio: Above 40% (Policy to maintain)","jir_category":"","jir_hashtags":"#SalaCorporation, #NonOperatingIncome, #CurrencyForwards, #IRInformation, #JapaneseStocks","jir_key_figures":"Non-Operating Income (Derivative Valuation Gains): 1,892 million yen (Fiscal year ending November 2025)\nFair Value Gains\/Losses on Outstanding Currency Forward Contracts at Fiscal Year-End: 7,076 million yen (Fiscal year ending November 2025)\nConsolidated Dividend Payout Ratio: Above 40% (excluding valuation gains\/losses on currency forwards)","jir_meta_title":"Sala Corporation Records Derivative Valuation Gains of 1,892 million yen in Fiscal Year Ending November 2025","jir_meta_description":"Sala Corporation recorded 1,892 million yen in derivative valuation gains related to currency forward contracts as non-operating income in the fiscal year ending November 2025. The company maintains a policy to keep consolidated dividend payout ratio above 40%.","jir_og_title":"Sala Corporation Announces Recording of Derivative Valuation Gains for Fiscal Year Ending November 2025","jir_og_description":"Derivative valuation gains of 1,892 million yen related to currency forward contracts recorded in fiscal year ending November 2025. Policy to maintain dividend payout ratio above 40% announced.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16909,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-18760","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n