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Aucnet, Inc. ( (JP:3964) ) just unveiled an announcement.
Aucnet, Inc. has announced a change in its dividend policy, increasing the target consolidated dividend payout ratio from 30% to over 40%. This decision is part of its medium-term plan, ‘Blue Print 2027,’ which aims to enhance capital efficiency and corporate value. With a strong business performance leading to increased net sales and profit over the past four years, Aucnet is also boosting its dividends as a reflection of its stable growth. The company’s year-end dividend for the fiscal year ended December 31, 2024, has been raised to ¥48 per share, up from the previous forecast of ¥29. This adjustment showcases Aucnet’s commitment to rewarding shareholders while maintaining sufficient reserves for future business developments.
More about Aucnet, Inc.
Aucnet, Inc. operates in the technology sector, primarily focusing on providing online auction services. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its strategic investments in business growth, including mergers and acquisitions, new business ventures, digital transformation, and human capital.
YTD Price Performance: -0.07%
Average Trading Volume: 24,477
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen65.72B
See more insights into 3964 stock on TipRanks’ Stock Analysis page.
