Fuji Electric boosts shareholder returns and streamlines operations

Fuji Electric (TSE:6504) today announced an increased year-end dividend payment of ¥85.00 per share for fiscal 2024, up from ¥75.00 in the previous year, reflecting a commitment to return profits to shareholders. The total dividend payout will amount to ¥12.547 billion, sourced from retained earnings and payable June 5, 2025. In addition to the increased dividend, Fuji Electric will absorb its wholly-owned subsidiary, Takayanagi Fuji Co., Ltd., effective October 1, 2025, to streamline operations and enhance in-house production capabilities. The merger aims to integrate Takayanagi Fuji's specialized wire coiling techniques for medium-sized industrial motors, enabling rationalization, standardization, and automation. The financial impact of the merger is projected to be minimal, and there will be no changes to Fuji Electric's name, head office, or capital structure.