May 9, 2025
RYODEN CORPORATION
(Code: No. 8084, TSE Prime Market) President & CEO Katsuyuki Tomizawa,
Contact: Kouzaburo Okamura, General Manager, General Affairs Dept (Tel: +81-3-5396-6111)
Notice of Change in Dividend Policy
RYODEN CORPORATION (hereinafter, the "Company") is pleased to announce that its Board of Directors, at its meeting held today, has revised the Company's, Dividend Policy as follows:
Reasons for the change in dividend policy
The Company has positioned the continuous and stable distribution of profits to shareholders as one of its most important management policies, along with the sustainable enhancement of corporate value, and has worked to improve and stabilize the level of dividends.
Under our new medium- to long-term management plan "ONE RYODEN Growth 2029 - 2034," which started in April 2025, we have decided to introduce "consolidated total return ratio" and "consolidated dividend on equity ratio (DOE)" as new indicators to further clarify and expand our stance on strengthening profit distribution to our shareholders. The Company has decided to introduce "consolidated total return ratio" and "consolidated dividend on equity ratio (DOE)" as new indicators to further enhance the Company's stance of strengthening returns.
For details of the new medium- to long-term management plan, "ONE RYODEN Growth 2029 | 2034," please refer to the "Notice of New Medium- to Long-term Management Plan (for the Fiscal Years Ending March 31, 2026 -2030)" released today.
Details of Dividend Policy (Before change)
The Group is committed to providing an appropriate return of profits to shareholders based on the expansion of internal reserves to strengthen the management base and financial position and the use of these reserves to finance investments for business expansion.
The Company aims to pay out a dividend of 40-60% of retained earnings, taking into consideration consolidated business results for each fiscal year and the Group's medium- to long-term strategy.
The Company also plans to repurchase its own shares, taking into consideration trends in stock prices and financial conditions.
(After the change)
The Group is committed to maintaining financial soundness, investing in growth to enhance corporate value over the medium to long term, and returning profits to shareholders in an appropriate manner.
The Company's policy is to strengthen and expand shareholder returns in a stable manner over the medium to long term, not linked to short-term business performance, and to pay dividends from retained earnings with a minimum consolidated total return ratio of 50% or consolidated dividend on equity (DOE) ratio of 3.5%.
The Company also plans to repurchase its own shares, taking into consideration trends in stock prices and its financial condition.
Consolidated dividend on equity ratio (DOE) = (Total annual dividends / Consolidated shareholders' equity) x 100
Timing of change
Dividend per share | (Reference) Consolidated ratio of dividends to shareholders' equity | |||
End of second quarte | Year-end | Total | ||
Year ended March 31, 2025(Actual) | 53.00 yen | 53.00 yen | 106.00 yen | 2.8% |
Year ending March 31, 2026 (Forecast) | 68.00 yen | 68.00 yen | 136.00 yen | 3.5% |
Effective from the fiscal year ending March 31, 2026. (Reference)