WEL-DISH announced that it would pay no annual dividend and abolish its shareholder benefits programme as it assesses its earnings outlook against the backdrop of inappropriate transactions and other issues involving its former representative director. The current share price is ¥87, below ¥100 for the first time since 2020.
WEL-DISH announced that it would pay no annual dividend and indicated a policy of abolishing its shareholder benefits programme after the benefits based on the end of August 2026 as the record date. It also announced a review of its dividend policy and the termination of the benefits programme. The share price subsequently plunged following the announcement, falling to ¥87.
The company said it needs to assess the impact on its earnings and financial position in light of issues involving inappropriate transactions and other matters concerning its former representative director. This has created uncertainty over financial soundness and future capital allocation.
The company was also reportedly designated as a security under special monitoring effective 29 September. Market sentiment remains highly uncertain, and future developments may depend on the content of subsequent disclosures.
The news was reported by FISCO and has been carried as corroborating information by multiple media outlets, including Yahoo! Finance.