Komori
Dividends8141Shinko Shoji Co.,Ltd.Trading & Wholesale

Notice Concerning Revision to the Dividend Forecast for the Fiscal Year Ending March 2027 (No Dividend)

Subject to the successful completion of the public tender offer, both the interim and year-end dividends for the fiscal year ending March 2027 will be zero, and the annual dividend forecast has been reduced from ¥24.50 to ¥0.00.

Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-24.5
Yen (annual dividend forecast per share)
Wording
Avoiding a definitive answer
How definitive the wording is.

Dividend per share

Fiscal year ending March 2027
0YenRevised annual dividend per sharePrevious forecast ¥24.5, change ¥-24.5(-100.0%)
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.

Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Payout ratioConsolidated 50 % / Nature TargetThe percentage of earnings paid out as dividends.
Dividend policy

The Company will aim for a consolidated payout ratio of 50% and continue to pay dividends, taking into account the balance between stable, ongoing dividends to shareholders and investment in its growth strategy.

Dividend per share
ItemDetails
Dividend per shareEnd of the second quarter 12 / End of period 12.5 → End of the second quarter 0 / End of period 0(End of the second quarter -100 / End of period -100)
Total Annual Dividends¥24.5 → ¥0(-100.0%)
Previous-period results (per share)Interim ¥6 / End of period ¥12.5 / Annual ¥18.5
Payout ratioConsolidated 50 % / Nature Target
Dividend policyThe Company will aim for a consolidated payout ratio of 50% and continue to pay dividends, taking into account the balance between stable, ongoing dividends to shareholders and investment in its growth strategy.
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Fiscal Period CoveredFiscal year ending March 2027
Items this document does not state (5)
Total dividendsRecord dateEffective dateSource of dividendsBreakdown 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 reasons given are that the tender offer price was determined on the assumption that no interim or year-end dividends would be paid, that economic fairness must be ensured between shareholders who tender their shares and those who do not, and that the extension of the tender offer period has increased the likelihood that the timing of becoming a wholly owned subsidiary and delisting will fall after the record date for the interim dividend.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning Revision to the Dividend Forecast for the Fiscal Year Ending March 2027 (No Dividend) | Shinko Shoji Co.,Ltd. (8141) timely disclosure | Komori