JVCKENWOOD boosts dividend, announces share repurchase after record profits

JVCKENWOOD Corporation (TSE:6632) announced a substantial increase in its dividend payout and a new share repurchase program following record profits for the fiscal year ended March 31, 2025. The company will increase the year-end dividend from JPY8.00 to JPY10.00 per share, bringing the total annual dividend to JPY15.00, up from the previously expected JPY13.00. This upward revision stems from the company's strong financial performance. Additionally, JVCKENWOOD will repurchase up to 2.3 million of its own shares, representing approximately 1.55% of its outstanding shares (excluding treasury shares), for a maximum total cost of JPY2.0 billion. The repurchase program is scheduled to run from May 2, 2025, to June 30, 2025, and will be conducted through market purchases on the Tokyo Stock Exchange. JVCKENWOOD highlighted that with these initiatives, it now expects a total shareholder return ratio of approximately 43% for fiscal year 2025.