Komori
Dividends9837MORITO CO.,LTD.Trading & Wholesale

Notice Regarding Changes to the Basic Policy on Profit Distribution (Raising the DOE Target and Introducing Progressive Dividends)

The shareholder return policy will be revised by raising the DOE target from 4.0% to 5.0% and introducing progressive dividends. In addition, a target DOE of 6.0% has been set for fiscal 2031, the final year of the Ninth Medium-Term Management Plan.

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Dividend per share

Applicable from dividends for the fiscal year ending November 2027
Previous-period resultsPrevious forecast

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% or more as the standardThe percentage of earnings paid out as dividends.
Dividend policy

Realization of stable and continuous dividends and progressive dividends. The consolidated dividend on equity ratio (DOE) will be set at 5.0% as the standard, with a target DOE of 6.0% for fiscal 2031, the final year of the Ninth Medium-Term Management Plan. Depending on business performance and other factors, the dividend payout ratio against net income attributable to owners of the parent will be 50% or more as the standard.

Dividend per share
ItemDetails
Dividend per shareEnd of second quarter 36.00 / End of period 36.00 / Total 72.00 → Not disclosed
Total Annual Dividends72.00 yen → Not disclosed
Previous-period results (per share)Interim 34.00 yen / End of period 36.00 yen / Annual 70.00 yen
Payout ratioConsolidated 50% or more as the standard
Dividend policyRealization of stable and continuous dividends and progressive dividends. The consolidated dividend on equity ratio (DOE) will be set at 5.0% as the standard, with a target DOE of 6.0% for fiscal 2031, the final year of the Ninth Medium-Term Management Plan. Depending on business performance and other factors, the dividend payout ratio against net income attributable to owners of the parent will be 50% or more as the standard.
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Fiscal Period CoveredApplicable from dividends for the fiscal year ending November 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.

To achieve the targets of the Ninth Medium-Term Management Plan and sustainably enhance corporate value, the Company will link the plan's target figures with shareholder returns, promote management with greater emphasis on capital efficiency and earnings growth, and establish a highly transparent shareholder return policy.

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Notice Regarding Changes to the Basic Policy on Profit Distribution (Raising the DOE Target and Introducing Progressive Dividends) | MORITO CO.,LTD. (9837) timely disclosure | Komori