Misumi Group boosts dividend payout ratio, increases annual dividend

** Misumi Group (TSE:9962) announced a revised dividend policy and increased shareholder payouts at a Board of Directors meeting on April 25, 2025. The company is increasing its target dividend payout ratio from 30% to 35%, balancing growth investments with shareholder returns. As a result, the board approved a year-end dividend of JPY23.38 per share, an increase of JPY8.51 from the previous year. This brings the total annual dividend to JPY43.21 per share, inclusive of the interim dividend of JPY19.83 per share, which is a JPY15.74 increase compared to the previous year. The total dividend payout amounts to JPY6,422 million, with an effective payout date of June 25, 2025. The company will propose this at the 63rd Annual General Meeting of Shareholders on June 19, 2025. Misumi attributes the increased dividend to its commitment to sustainable growth, investment in automation, and labor-saving technologies in the IA industry, along with efforts to enhance customer time value. The company will also consider share repurchases based on its cash position, investment opportunities, and market conditions.