Maruichi Steel Tube announces share split, revised dividend, benefit changes

Maruichi Steel Tube announced a three-for-one share split, effective October 1, 2025, aimed at broadening its shareholder base and enhancing market liquidity. Concurrently, the company will amend its articles of incorporation to increase the total number of authorized shares from 200 million to 600 million. The share split necessitates adjustments to the company’s stock repurchase plan, increasing the total number of shares available for repurchase from 3,000,000 to 9,000,000. In conjunction with the share split, Maruichi Steel Tube has revised its year-end dividend forecast for the fiscal year ending March 31, 2026, setting the new dividend at JPY 22.50 per share (equivalent to JPY 67.50 pre-split). To maintain fairness, the number of shares granted through the company’s share acquisition rights will be tripled. The shareholder benefits program is also being adjusted, introducing a continuous holding period requirement and changing the number of shares required for certain benefits.