Nippon Beet Sugar Manufacturing revised its current-year dividend upward on an adjusted basis. In conjunction with a stock split that will turn 1 share into 3 on 30 September, the company revised its annual dividend from the previously planned ¥260 to ¥90 (¥270 on a pre-stock-split basis), representing an effective increase of approximately 3.8%. Follow-up reports are expected to focus on the detailed schedule for the split and developments in comparisons with other stocks.
Nippon Beet Sugar Manufacturing announced that it had revised its current-year dividend upward on an adjusted basis. The revision is based on the implementation of a stock split, and the dividend was reviewed in conjunction with the split.
The split will be allocated on 30 September, turning 1 share into 3. This will change the basis used to calculate the dividend.
The previously planned annual dividend was ¥260, but it was revised to ¥90, equivalent to ¥270 on a pre-stock-split basis, resulting in an expected effective increase of 3.8%.