Consolidated net sales for fiscal 2024 reached 705 billion yen, and consolidated operating income was 60.9 billion yen, achieving growth targets two years ahead of schedule. The number of policy shareholdings was reduced from 117 at the end of fiscal 2022 to 89 at the end of fiscal 2024. Dividends are planned to increase to 125 yen per share in fiscal 2025, with a three-year total payout ratio of 37.9% and a total shareholder return ratio of 54.0%.<\/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":"1944","jir_company_name":"Kinden Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-29","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/1944-20260129-03.pdf","jir_short_summary":"Consolidated net sales for fiscal 2024 reached 705 billion yen, and consolidated operating income was 60.9 billion yen, achieving growth targets two years ahead of schedule. The number of policy shareholdings was reduced from 117 at the end of fiscal 2022 to 89 at the end of fiscal 2024. Dividends are planned to increase to 125 yen per share in fiscal 2025, with a three-year total payout ratio of 37.9% and a total shareholder return ratio of 54.0%.","jir_summary":"### Overview and Progress of Capital Policy\nKinden Corporation has reached the final year of its medium-term management plan 'Sustainable Growth 2026 \u2013 People, Spirit, and the Future \u2013' and reports on the progress of its capital policy. In fiscal 2024, consolidated net sales reached 705 billion yen and consolidated operating income was 60.9 billion yen, achieving growth targets two years ahead of schedule. For fiscal 2025, net sales are projected at 750 billion yen and operating income at 84 billion yen. The company continues to reduce policy shareholdings targeting 10% of net assets, with the number of stocks decreasing from 117 at the end of fiscal 2022 to 89 at the end of fiscal 2024.\n\n### Shareholder Returns and Capital Efficiency Initiatives\nRegarding shareholder returns, the dividend payout ratio target is set at 40%, with dividends planned to increase from 100 yen at the beginning of fiscal 2025 to 125 yen. The three-year total dividend payout ratio stands at 37.9%, and total shareholder return ratio is 54.0%, both close to target levels. In terms of capital efficiency, the ROE target of over 7% was exceeded with 8.1% in fiscal 2024, and a forecast of 10.6% for fiscal 2025. Since the announcement of the medium-term management plan, the stock price has risen approximately 4.2 times, and the price-to-book ratio (PBR) improved from 0.75 to 2.43.","jir_financial_highlights":"Consolidated Net Sales: 705 billion yen (Fiscal 2024 results) (Achieved target two years ahead of schedule; forecast 750 billion yen for fiscal 2025)\nConsolidated Operating Income: 60.9 billion yen (Fiscal 2024 results) (Achieved target two years ahead of schedule; forecast 84.0 billion yen for fiscal 2025)\nNumber of Policy Shareholdings: 89 stocks (End of fiscal 2024) (Continuing reduction from 117 stocks at the end of fiscal 2022)\nDividend (per share): 125 yen (Fiscal 2025 forecast) (Increased from 100 yen at beginning of term \u2192 120 yen interim \u2192 now 125 yen)\nDividend Payout Ratio (Three-year total): 37.9% (Slightly below the medium-term plan target of 40%)\nTotal Shareholder Return Ratio (Three-year total): 54.0% (Progressing steadily against medium-term plan target range of 50\u201360%)\nROE: 8.1% (Fiscal 2024 results) (Exceeded target of over 7%; forecast 10.6% for fiscal 2025)","jir_category":"","jir_hashtags":"#KindenCorporation, #CapitalPolicy, #MediumTermManagementPlan, #JapaneseStocks","jir_key_figures":"Consolidated Net Sales: 705 billion yen (Fiscal 2024 results)\nConsolidated Operating Income: 60.9 billion yen (Fiscal 2024 results)\nNumber of Policy Shareholdings: 89 stocks (End of fiscal 2024)\nDividend (per share): 125 yen (Fiscal 2025 forecast)\nROE: 8.1% (Fiscal 2024 results), 10.6% (Fiscal 2025 forecast)","jir_meta_title":"Kinden Corporation Announces Progress on Capital Policy in Medium-Term Management Plan, Achieves Net Sales of 705 Billion Yen","jir_meta_description":"Kinden Corporation reports progress on capital policy in its medium-term management plan. Achieved 705 billion yen net sales and 60.9 billion yen operating income in fiscal 2024. Continuing policy shareholding reduction, dividend increase, and ROE improvement.","jir_og_title":"Kinden Corporation Announces Progress of Capital Policy in Medium-Term Management Plan","jir_og_description":"Achieved net sales of 705 billion yen and plans dividend increase to 125 yen. Continuing initiatives to improve capital efficiency and reduce policy shareholdings.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7480,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-21782","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n