Kokuyo announces stock split, revised buyback, and dividend forecast

Kokuyo (TSE:7984) announced a stock split at a meeting on May 30, 2025 to improve investor access and share liquidity. Scheduled for July 1, 2025, each share will split into four, increasing outstanding shares from 115,742,463 to 462,969,852. This action accompanies a change to the company's Articles of Incorporation, raising the authorized share count to 1,592,000,000 and adjusting shareholder benefit thresholds to account for the increase in shares. Kokuyo also updated its share buyback program to acquire up to 34 million shares—quadrupling its previous target to maintain the initial 7.5% of outstanding stock. The company reaffirmed the annual dividend forecast at JPY91 per share (pre-split: JPY45.5 interim/JPY45.5 year-end), with the record date for interim dividends being June 30, 2025. Meanwhile, the company disclosed the resignation of Director Fukutaka Hashimoto, effective May 31, 2025, due to personal reasons, the membership of its Nominating and Audit committees were updated. These combined initiatives aim to bolster Kokuyo's investor base and shareholder returns.