Nippon BS Broadcasting announced an increase in its dividend for the fiscal year ending August 2027. The annual dividend will be ¥35, raising the estimated dividend yield to 3.74%. In after-hours trading immediately after the announcement, the share price temporarily rose to around ¥940.
Nippon BS Broadcasting announced plans to increase its dividend for the fiscal year ending August 2027 from the previous fiscal year. The interim dividend will be ¥0 and the year-end dividend ¥35, resulting in a full-year dividend of ¥35 per share. The annual dividend is therefore expected to be ¥35 per share, raising the estimated dividend yield to 3.74%.
Historically, the company's annual dividend per share remained at ¥30 from the fiscal year ended August 2018 through the fiscal year ending August 2026. Following the increase, the dividend for the fiscal year ending August 2027 will be ¥5 higher than in the previous fiscal year.
As the background to the increase, the company explained its policy on shareholder returns and indicated that it aims to enhance shareholder returns based on a dividend payout ratio of around 40%. The increase was announced together with the forecast dividend for the fiscal year ending August 2027, based on the financial results briefing for the fiscal year ended August 2026.
After the announcement, the share price reached ¥940 at one point in SBI Securities' after-hours trading on the day of the announcement, ¥5 above the closing price. The share price movement was described as temporary market reaction, and future developments will be monitored.