KOA revised its dividend forecast for the fiscal year ending March 2027 and announced an annual dividend increase to ¥78. The expected breakdown is an interim dividend of ¥31.5 and a year-end dividend of ¥46.5, resulting in an expected dividend yield of approximately 4.12%.
KOA revised its dividend forecast for the fiscal year ending March 2027 and indicated that dividends are expected to increase from both the previous fiscal year and the previous forecast. The interim dividend has already been determined at ¥31.5, while the year-end dividend is expected to be ¥46.5, bringing the annual dividend to ¥78. The dividend yield is consequently expected to rise to 4.12%.
The latest increase represents a ¥15 increase from the previous dividend forecast of ¥63. Compared with the ¥32 dividend for the fiscal year ended March 2026, this would constitute a substantial increase.
KOA is an electrical equipment manufacturer with one of the leading shares of the global and domestic resistor markets. Its forecast for the fiscal year ending March 2027 indicates significant year-on-year improvement in both revenue and profit. On the day of the announcement, the share price reached ¥2,130 in after-hours trading, ¥241 above the previous closing price of ¥1,889.
The dividend history for the past 10 fiscal years covers the period from the fiscal year ended March 2018 through the fiscal year ending March 2027. If the ¥78 dividend is paid for the fiscal year ending March 2027, it will represent a substantial year-on-year increase. KOA has indicated that, for the time being, it will maintain an annual dividend floor of ¥30 and use the consolidated dividend payout ratio as a guideline.