The share buyback plan exceeds 15 billion yen, targeting progressive dividends and DOE above 6%, aiming for an optimal capital structure with financial leverage around 1.5x, updating the capital policy 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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":"1926","jir_company_name":"Raito Kogyo Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-05","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/1926-20260205-02.pdf","jir_short_summary":"The share buyback plan exceeds 15 billion yen, targeting progressive dividends and DOE above 6%, aiming for an optimal capital structure with financial leverage around 1.5x, updating the capital policy accordingly.","jir_summary":"### Overview of Capital Policy\nRaito Kogyo Co., Ltd. is pursuing capital efficiency improvements based on the medium-term management plan 'Raito 2027,' progressing with equity compression and gradual increases in financial leverage. As shareholder return measures, it targets a payout ratio above 50%, continuation of progressive dividends, and DOE above 6% in the final year, while systematically implementing share buybacks. Efforts are also underway to optimize the balance sheet by reducing strategic equity holdings and leased real estate, as well as shortening the cash conversion cycle.\n\n### Initiatives for Growth Investment and Enhancing Corporate Value\nFunds generated will be utilized for growth investments to strengthen future earnings foundations, with particular consideration given to investment opportunities including M&A. Investment decisions emphasize securing returns exceeding capital cost and involve appropriate decision-making by the Board of Directors with input from external experts. Going forward, improving profitability, capital policy, and growth investment remain top priorities to sustainably enhance corporate value and continue management focused on capital cost and stock price.","jir_financial_highlights":"Share Buyback Plan: Over 15 billion yen (5 billion yen acquired, newly resolved 7 billion yen (total 12 billion yen))\nPayout Ratio: Over 50% (Continued)\nDOE Target: 6% or higher (final year) (Progressive dividends as basic policy)\nFinancial Leverage Target: About 1.5x (Raised stepwise)\nTotal Return Ratio: Effectively around 100% (Intended)","jir_category":"","jir_hashtags":"#RaitoKogyoCoLtd, #CapitalPolicy, #JapaneseStocks","jir_key_figures":"Share Buyback Plan: Over 15 billion yen (5 billion yen acquired, newly resolved 7 billion yen)\nPayout Ratio: Over 50% (Continued)\nDOE Target: 6% or higher (final year, progressive dividends as basic policy)","jir_meta_title":"Raito Kogyo Strengthens Capital Policy with Share Buyback Over 15 Billion Yen and Continued Progressive Dividends","jir_meta_description":"Raito Kogyo Co., Ltd. announced plans for share buybacks exceeding 15 billion yen, continued payout ratio over 50%, and targeting DOE above 6%, aiming to improve capital efficiency and enhance shareholder returns.","jir_og_title":"Raito Kogyo Plans Share Buyback Exceeding 15 Billion Yen in Capital Policy Update","jir_og_description":"Raito Kogyo Co., Ltd. has announced a share buyback plan and continuation of progressive dividends aimed at improving capital efficiency and strengthening shareholder returns.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9200,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-24835","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n