Nittobo Revises Dividend Forecast on Stock Split
Nittobo (TSE:3110) has revised its dividend forecast for the fiscal year ending March 2027 to reflect a planned five-for-one stock split, with per-share payouts adjusted proportionally downward.
| Item | Before | After | Change |
|---|---|---|---|
| Interim Dividend | JPY 60.00/share | JPY 12.00/share | JPY -48.00/share (−80.0%) |
| Year-end Dividend | JPY 80.00/share | JPY 16.00/share | JPY -64.00/share (−80.0%) |
| Annual Dividend | JPY 140.00/share | JPY 28.00/share | JPY -112.00/share (−80.0%) |
Note: Post-split figures reflect the five-for-one stock split effective June 30, 2026. The year-end dividend for the fiscal year ending March 2026 will be paid based on pre-split share count.
The revision is a technical adjustment tied to Nittobo’s planned stock split, with no substantive change to dividend policy. The company will execute the five-for-one split on June 30, 2026, reducing the nominal per-share dividend accordingly while maintaining the total dividend payout on a per-shareholder basis. The interim dividend for fiscal 2027 will be paid post-split, while the year-end dividend for fiscal 2026 remains based on the current share structure.
The adjustment carries no material implications for shareholder returns, as total dividend income per existing shareholder remains unchanged. The stock split is designed to lower the investment unit price and broaden the investor base by making shares more accessible to retail investors. Shareholders holding the stock through the split date will see their share count increase five-fold while per-share metrics adjust proportionally, leaving economic ownership unchanged.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.