PR TIMES shares surged, temporarily reaching ¥2,598, up ¥467. The company announced plans to raise the dividend-on-equity ratio for its ordinary dividend, and indicated a policy of strengthening shareholder returns through the reallocation of resources following its withdrawal from unprofitable businesses.
PR TIMES shares surged, reaching ¥2,598, up ¥467, or 21.91%, from the previous day as of 1:25 p.m. The company has indicated plans to raise the dividend-on-equity ratio (DOE) for its ordinary dividend, announced on the same day.
The company has indicated its intention to strengthen shareholder returns by reallocating management resources through the withdrawal from unprofitable businesses. This was said to have prompted investors to buy the shares.
Following the withdrawal from the Jooto business and other measures, the company has indicated plans to reorganise its businesses by around the fiscal year ending February 2027.