Gremz increases dividend payout ratio, raises year-end forecast

Gremz [TSE:3150] announced a change in its dividend policy, raising the target consolidated dividend payout ratio from 30% to 40%, effective from the fiscal year ending March 2025. As a result, the company has revised its year-end dividend forecast upwards by ¥18 to ¥55 per share, bringing the total annual dividend to ¥75 per share. The initial forecast was ¥37 per share with a total of ¥57 per share. This decision aims to enhance shareholder returns while maintaining a solid financial foundation for sustainable growth.