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Dividends3708Tokushu Tokai Paper Co.,Ltd.Materials and Chemicals

Notice Regarding the Dividend of Surplus and Changes to the Dividend Policy

The year-end dividend for the fiscal year ending March 2026 was increased by ¥10, from the latest forecast of ¥22 per share to ¥32. The annual dividend, including the interim dividend, will be ¥53.67 per share. At the same time, effective from the fiscal year ending March 2027, the dividend policy was changed to return the higher of a 50% dividend payout ratio or a 4.0% DOE.

Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
10
Yen (per share, versus the year-end dividend forecast)
Wording
Definitive
How definitive the wording is.

Dividend per share

Fiscal year ending March 2026
53.67YenRevised annual dividend per sharePrevious forecast ¥22, change ¥+31.67(+45.5%)
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¥22→¥32+45.5%
Total dividendsTotal amount payable to all shareholders¥696 million→¥1,124 million
Whether Submission to the General Meeting of Shareholders Is RequiredScheduled to be submitted to the General Meeting of Shareholders
Record date31 March 2026
Effective date29 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.

Payout ratio39.0% → 42.9%The percentage of earnings paid out as dividends.
Source of dividendsRetained 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 basic policy is to return the higher of a 50% dividend payout ratio or a 4.0% DOE, and to strengthen shareholder returns in conjunction with flexible share repurchases.

Dividend per share
ItemDetails
Dividend per share¥22.00 → ¥32.00(+45.45%)
Total Annual DividendsNot disclosed → ¥53.67
Previous-period results (per share)Interim ¥20.00 / End of period ¥20.00 / Annual ¥40.00
Total dividends¥696 million → ¥1,124 million
Record date31 March 2026
Effective date29 June 2026
Source of dividendsRetained earnings
Payout ratio39.0% → 42.9%
Dividend policyThe basic policy is to return the higher of a 50% dividend payout ratio or a 4.0% DOE, and to strengthen shareholder returns in conjunction with flexible share repurchases.
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 (1)
Breakdown of Regular, Commemorative and Special Dividends

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.

The decision was based on a comprehensive consideration of the basic policy of maintaining stable dividends with a target dividend payout ratio of 30%, recent business performance, financial condition and other factors. In addition, the dividend policy was changed under the Seventh Medium-Term Management Plan to promote growth investment, improve capital efficiency, maintain stable dividends and strengthen shareholder returns.

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Notice Regarding the Dividend of Surplus and Changes to the Dividend Policy | Tokushu Tokai Paper Co.,Ltd. (3708) timely disclosure | Komori