Intrust announced an upward revision to its dividend forecast for the fiscal year ending March 2027, with an interim dividend of ¥26 and a year-end dividend of ¥27, for a total of ¥53. The dividend yield is expected to rise to 4.72%, and the company is expected to achieve 10 consecutive dividend increases.
Intrust revised its dividend forecast for the fiscal year ending March 2027, setting the interim dividend at ¥26 and the year-end dividend at ¥27, for an annual total of ¥53. This is expected to represent a ¥3.5 increase from the previous forecast, with the dividend yield expected to rise from 4.41% to 4.72%. This increases the likelihood that the company will achieve 10 consecutive dividend increases.
Following the announcement at 15:30 on 26 October 2026, Intrust's share price exceeded the pre-announcement closing price of ¥1,122 in after-hours trading, rising temporarily to ¥1,206. With market attention focused on the company, its future dividend policy and earnings performance are also expected to attract interest.
Intrust has continued to increase its dividend over the past 11 fiscal periods, from ¥4 for the fiscal year ended March 2017 to a forecast ¥53 for the fiscal year ending March 2027. It has maintained consecutive dividend increases since December 2016, its first year as a listed company. If the anticipated increase is implemented, the company's consecutive dividend increase period will reach 10 fiscal years.
Following the announcement of the anticipated dividend increase, attention is focused not only on share price and dividend yield metrics but also on the likelihood of achieving the 60% payout ratio target set out in the medium-term management plan announced in 2024. The dividend consists of an interim payment of ¥26 and a year-end payment of ¥27, and the forecast dividend yield based on the current share price of ¥1,122 is calculated at 4.72%.