The latest announcement is out from Okabe Co., Ltd. ( (JP:5959) ).
Okabe Co., Ltd. has announced a change in its shareholder return policy, aiming to increase the dividend payout ratio from 30% to 40% and set a target for the dividend on equity ratio at 3%. This strategic move is part of the company’s medium-term management plan, OX-2026, to enhance corporate value and improve capital efficiency. Additionally, the company has revised its year-end dividend forecast for the fiscal year ended December 31, 2024, to include a special dividend, raising the total dividend per share to 35 yen. This decision reflects Okabe’s commitment to optimizing its capital structure and strengthening profitability, despite a lower-than-expected profit due to extraordinary losses.
More about Okabe Co., Ltd.
Okabe Co., Ltd. operates in the manufacturing industry, focusing on products and services related to construction materials and equipment. The company is committed to sustainable growth and enhancing shareholder value through strategic management practices.
YTD Price Performance: 6.79%
Average Trading Volume: 56,515
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen36.1B
See more data about 5959 stock on TipRanks’ Stock Analysis page.