{"id":47152,"date":"2026-05-12T14:55:52","date_gmt":"2026-05-12T05:55:52","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8242-20260512-06_wp_capital_policy\/"},"modified":"2026-05-12T14:55:52","modified_gmt":"2026-05-12T05:55:52","slug":"8242-20260512-06_wp_capital_policy","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8242\/ir\/8242-20260512-06_wp_capital_policy\/","title":{"rendered":"Progress of Initiatives Toward Management Conscious of Capital Cost and Stock Price"},"content":{"rendered":"<p>Executing a plan for annual dividend of 48 yen in FY2026 (+20 yen YoY from FY2023) and a cumulative share buyback of 30 billion yen over three years. Reduction of policy-held shares is expected to decrease the consolidated net assets ratio below 20%.<\/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":"8242","jir_company_name":"H2O Retailing Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-05-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/8242-20260512-06.pdf","jir_short_summary":"Executing a plan for annual dividend of 48 yen in FY2026 (+20 yen YoY from FY2023) and a cumulative share buyback of 30 billion yen over three years. Reduction of policy-held shares is expected to decrease the consolidated net assets ratio below 20%.","jir_summary":"### Overview of Capital and Financial Strategies\nH2O Retailing Corporation will start full-scale implementation of its capital and financial strategies from FY2024, aiming for an early achievement of a PBR of 1.0 and sustainable stability. The strategy focuses on targeted investment in high-growth, high-profitability businesses and strengthening shareholder returns, with a planned increase in per-share dividends from 28 yen in FY2023 to 48 yen in FY2026. Additionally, a share buyback of approximately 30 billion yen is planned from FY2024 to FY2026 to improve shareholder return and financial metrics.\n\n### Reduction of Policy-Held Shares and Maintaining Financial Soundness\nThe reduction of policy-held shares, including shares of Toho, will be steadily executed by April 2026, with the consolidated net assets ratio expected to fall below 20% by the end of FY2027. This aims to enhance capital efficiency and improve market valuation. The shareholder return policy sets a dividend yield of at least 1.8% (DOE), and flexible return measures will be implemented. Dialogue with shareholders and the expansion of shareholder benefits are also being promoted.","jir_financial_highlights":"Annual Dividend: 48 yen (Increase of +20 yen from 28 yen in FY2023)\nShare Buyback Target (Cumulative over 3 years): 30 billion yen (44 billion yen in FY2024, cumulative 19.4 billion yen in FY2025, cumulative 30 billion yen in FY2026)\nConsolidated Net Assets Ratio: 19.3% (Projected as of 03\/2027) (Decreased from 21.4% as of 03\/2025)","jir_category":"","jir_hashtags":"#H2ORetailing, #CapitalPolicy, #ShareholderReturns","jir_key_figures":"Annual dividend of 48 yen (projected for FY2026, +20 yen YoY from FY2023)\nCumulative share buyback of 30 billion yen (plan for FY2024-26)\nConsolidated net assets ratio 19.3% (as of March 2027 projection)","jir_meta_title":"\u3010H2O Retailing\u3011Dividend of 48 yen and 30 billion yen share buyback plan\uff5cMay 2026","jir_meta_description":"H2O Retailing plans an FY2026 dividend of 48 yen (+20 yen YoY from FY2023) and a total of 30 billion yen share buyback over three years. The reduction of policy-held shares aims to bring the net assets ratio below 20%.","jir_og_title":"\u3010H2O Retailing\u3011Dividend of 48 yen and 30 billion yen share buyback plan\uff5cMay 2026","jir_og_description":"Announcing FY2026 dividend of 48 yen and a 30 billion yen share buyback plan. Reduction of policy-held shares to strengthen financial soundness.","jir_og_image_url":"\/assets\/og\/company-capital_policy.jpg","jir_chart_data_collection":"[]","ir_related_company":8774,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-47152","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Progress of Initiatives Toward Management Conscious of Capital Cost and Stock Price - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-8242\/ir\/8242-20260512-06_wp_capital_policy\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-8242\/ir\/8242-20260512-06_wp_capital_policy\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-8242\/ir\/8242-20260512-06_wp_capital_policy\/\",\"name\":\"Progress of Initiatives Toward Management Conscious of Capital Cost and Stock Price - 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