Joshin Denki shifts to semi-annual dividends, revises payout forecast

Joshin Denki resolved today, September 16, 2025, to revise its dividend policy to include interim dividends, effective from the March 2026 fiscal year. Previously, the company’s basic policy was to distribute surplus as a year-end dividend once annually. This change aims to enrich opportunities for shareholder returns, while maintaining a balance between business performance and internal reserves. The company's articles of incorporation already stipulate that interim dividends can be paid with September 30 as the record date, subject to Board of Directors' resolution.

Following this policy change, Joshin Denki has also revised its dividend forecast for the March 2026 fiscal year. The previous forecast anticipated an annual dividend of JPY100.00, comprising only a year-end payout of JPY100.00. The newly revised forecast now projects an interim dividend of JPY50.00 and a year-end dividend of JPY50.00, maintaining the total annual dividend at JPY100.00.

For reference, the previous fiscal year (March 2025) saw no interim dividend and a year-end dividend of JPY100.00, totaling JPY100.00 annually. This revision marks a notable change in the company's approach to shareholder distributions.