Komori
Dividends9960TOTECH CORPORATIONTrading & Wholesale

Notice Regarding Changes to the Dividend Policy

From the fiscal year ending March 2027, the dividend benchmark will change from a consolidated payout ratio of 40% to DOE (dividend on equity) of 6%, and a progressive dividend policy will be introduced. The policy aims to provide stable dividends that are less affected by fluctuations in profit.

Worth reading
81Important
Scored from 3 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
6
%(DOE)
Wording
Definitive
How definitive the wording is.

Dividend per share

Fiscal year ending March 2027
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Payout ratioConsolidated payout ratio of approximately 40% (before the change) → Not disclosedThe percentage of earnings paid out as dividends.
Dividend policy

During the period of the Second Medium-Term Management Plan, the specific dividend policy will be "DOE (dividend on equity) of 6% plus progressive dividends," providing stable dividends that are not affected by fluctuations in profit.

Dividend per share
ItemDetails
Payout ratioConsolidated payout ratio of approximately 40% (before the change) → Not disclosed
Dividend policyDuring the period of the Second Medium-Term Management Plan, the specific dividend policy will be "DOE (dividend on equity) of 6% plus progressive dividends," providing stable dividends that are not affected by fluctuations in profit.
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 (8)
Dividend per shareTotal Annual DividendsPrevious-period results (per share)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 sustainable shareholder returns and stable dividends while positioning the return of profits to shareholders as an important policy and working to improve earning power and strengthen the financial position.

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 Regarding Changes to the Dividend Policy | TOTECH CORPORATION (9960) timely disclosure | Komori