Transaction increases dividend payout ratio, forecasts record earnings

Transaction (TSE:7818) announced a revised dividend policy, raising its target dividend payout ratio to 40% of earnings, a substantial increase designed to strengthen shareholder returns. As a result, the company has revised its year-end dividend forecast to JPY55.0 per share, up from the previously announced JPY41.0, marking the 14th consecutive year of dividend increases since listing. Alongside the dividend news, Transaction also released its consolidated financial results for the first six months of fiscal year 2025, reporting record-high net sales of JPY13.509 billion, a 5.9% increase year-over-year, and a net profit attributable to owners of the parent of JPY1.966 billion, a 3.9% increase year-over-year. The company reaffirms its full-year consolidated earnings forecasts, projecting net sales of JPY27.9 billion and a net profit attributable to owners of the parent of JPY3.915 billion. While the company noted a slight downturn in its DtoC e-commerce segment due to Google algorithm updates, it anticipates continued growth and has implemented strategies to address these challenges. The company plans to hold an online financial results presentation on April 18, 2025.