ウェルディッシュ plunged below ¥100 for the first time since 2020. The decline was prompted by the company’s announcement after the close on the 20th that it would pay no year-end dividend and abolish its shareholder benefit program.
ウェルディッシュ shares have fallen sharply, trading below ¥100 for the first time since 2020. The closing price on the 21st was ¥87, down ¥32 from the previous day.
At the same time, the company announced that it would change the year-end dividend for the fiscal year ending August 2026 from the previously forecast ¥4 to zero and abolish its shareholder benefit program. The decision to pay no dividend was accompanied by an explanation that the company needed to assess the impact on its business performance and financial position.
The latest developments are believed to have been affected by the ongoing investigation by an independent investigation committee into issues including improper transactions by the former representative director, as well as the accounting auditor’s mid-year resignation, which has left the financial statement audit ongoing.
In light of the company’s designation by the Tokyo Stock Exchange as a Security on Special Alert, it said that it would prioritize stabilizing its financial base and improving its internal control system. The draft improvement plan is scheduled to be submitted in mid-November, with timely disclosure in late December.