J. Front Retailing boosts dividends to record high

J. Front Retailing (TSE:3086) has declared a year-end dividend of JPY30.00 per share, payable on May 8, 2025, to shareholders of record as of February 28, 2025. This distribution, approved at a board meeting held on April 24, brings the total annual dividend to JPY52.00, marking the highest dividend payout in the company's history. This decision reflects the company's commitment to shareholder returns, balancing stable dividends with strategic share repurchases. The total cash dividend amounts to JPY7,747 million, sourced from retained earnings. J. Front Retailing aims to maintain a consolidated dividend payout ratio of at least 40% throughout its current medium-term business plan (FY2024-FY2026), alongside managing its capital structure via share buybacks. The prior fiscal year saw a dividend of JPY20.00 at year end.