Noritake Co., Limited Raises FY2027 Dividend Forecast 20%
Noritake Co., Limited (TSE:5331) has increased its dividend guidance for the fiscal year ending March 2027 following an upward earnings revision for the interim and full-year periods.
| Item | Before | After | Change |
|---|---|---|---|
| Interim Dividend | JPY 50/share | JPY 60/share | +JPY 10/share (+20.0%) |
| Year-end Dividend | JPY 50/share | JPY 60/share | +JPY 10/share (+20.0%) |
| Annual Dividend | JPY 100/share | JPY 120/share | +JPY 20/share (+20.0%) |
The ceramics and industrial materials manufacturer raised its full-year dividend payout by 20 percent to JPY 120 per share, reflecting stronger-than-expected consolidated financial performance. The interim dividend rises to JPY 60 per share from JPY 50, while the year-end dividend increases by the same amount.
Management attributed the revision to improved consolidated earnings forecasts and adherence to its capital allocation framework, which targets a consolidated payout ratio of 35 percent or higher. The company is executing a progressive dividend policy under its 13th medium-term management plan, maintaining a minimum annual dividend of JPY 70 per share while pursuing a total shareholder return ratio exceeding 50 percent over the medium term.
The dividend increase signals management confidence in operational momentum and underscores a commitment to enhanced shareholder returns. Investors should monitor the company’s full-year earnings results to assess whether the revised guidance is achieved and whether the medium-term return targets remain on track.
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.