SWCC will revise its dividend forecast for the current fiscal year from the previous ¥311 to ¥174.2 in connection with a stock split. The effective dividend is expected to remain unchanged.
After the market close on 31 August, SWCC announced a revision to its dividend forecast together with the implementation of a stock split. The report was carried by Kabutan News.
In connection with a 1-for-5 stock split effective 30 September, the annual dividend will be revised from the previous plan of ¥311 to ¥174.2. On a pre-split basis, however, this is equivalent to ¥311.
The effective dividend amount is expected to remain unchanged, and the company explained that the split itself will not affect the total amount received by shareholders.