Kuraray Co (JP:3405) has released an update.
Kuraray Co., Ltd. has announced an increase in interim dividends from ¥25.00 to ¥27.00 per share with a total amount of ¥8,923 million, and a revised year-end dividend forecast rising from ¥50.00 to ¥54.00 per share for the fiscal year 2024. This decision aligns with the company’s shareholder return policy under the ‘PASSION 2026’ plan, aiming for a total return ratio of 35% or more, and reflects improved capital efficiency and business portfolio adjustments. Furthermore, the company is buying back up to 15,000,000 shares for ¥20,000 million, expecting a total return ratio of approximately 68% for the fiscal year.
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