Komori
Dividends2201Morinaga & Co.,Ltd.Food

Notice Concerning Dividend of Surplus

The year-end dividend for the fiscal year ending March 2026 has been set at ¥32.50 per share. This is in line with the latest forecast, but represents a decrease from the ¥60 year-end dividend for the previous fiscal year. However, as an interim dividend will be introduced, the annual dividend will be ¥65.

Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-27.5
Yen/share (versus the previous fiscal year's actual year-end dividend)
Wording
Conditional
How definitive the wording is.

Dividend per share

Fiscal year ending March 2026
65YenRevised annual dividend per sharePrevious forecast ¥32.5, change ¥+32.5(0.0%)
Previous-period resultsPrevious forecastAfter revision

Each vertical step represents one dividend payment, and the total height of the accumulated steps represents the annual dividend for the period. For periods showing only the annual amount, the payment breakdown is not provided, so only the end point is plotted.

Dividend per shareyen¥32.5→¥32.50.0%
Total dividendsTotal amount payable to all shareholders¥5,160 million→¥2,731 million
Whether Submission to the General Meeting of Shareholders Is RequiredScheduled to be submitted to the General Meeting of Shareholders
Record date31 March 2025 → 31 March 2026
Effective date30 June 2025 → 29 June 2026

The record date is the cutoff date for determining which persons listed in the shareholder register on that date are entitled to receive dividends.Payments begin on the effective date.

Source of dividendsRetained earnings → Retained earningsThe source of dividend payments. Depending on the type of surplus, the dividend may be paid from earned profits or may be closer to a return of capital.
Dividend policy

The Company's basic policy is to provide continuous and stable shareholder returns while prioritizing strategic and important business investments and strengthening its management foundation. On the premise of maintaining a sound balance sheet, the Company aims to raise its dividend-on-equity ratio (DOE), a capital policy indicator, over the medium to long term while taking into account the payout ratio and free cash flow. The Company will also consider flexibly acquiring treasury shares as necessary, with an awareness of the total payout ratio.

Dividend per share
ItemDetails
Dividend per share32.5 yen → 32.5 yen(0.0%)
Total Annual DividendsNot disclosed → 65 yen
Previous-period results (per share)Interim 0 yen / End of period 60 yen / Annual 60 yen
Total dividends¥5,160 million → ¥2,731 million
Record date31 March 2025 → 31 March 2026
Effective date30 June 2025 → 29 June 2026
Source of dividendsRetained earnings → Retained earnings
Dividend policyThe Company's basic policy is to provide continuous and stable shareholder returns while prioritizing strategic and important business investments and strengthening its management foundation. On the premise of maintaining a sound balance sheet, the Company aims to raise its dividend-on-equity ratio (DOE), a capital policy indicator, over the medium to long term while taking into account the payout ratio and free cash flow. The Company will also consider flexibly acquiring treasury shares as necessary, with an awareness of the total payout ratio.
Whether Submission to the General Meeting of Shareholders Is RequiredScheduled to be submitted to the General Meeting of Shareholders
Fiscal Period CoveredFiscal year ending March 2026
Items this document does not state (2)
Breakdown of Regular, Commemorative and Special DividendsPayout ratio

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In accordance with its policy of providing continuous and stable shareholder returns while prioritizing strategic and important business investments, the Company carefully considered the results for the current consolidated fiscal year and future business development, and set the dividend in line with its latest forecast. In addition, an interim dividend will be introduced from the current fiscal year to provide more opportunities to return profits to shareholders.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning Dividend of Surplus | Morinaga & Co.,Ltd. (2201) timely disclosure | Komori