Toshiba Tec suspends interim dividend amid challenging market conditions

Toshiba Tec Corporation, in a board meeting on September 22, 2025, resolved not to distribute an interim dividend for the period ending September 30, 2025. This decision sets the per-share interim dividend at JPY0, a reduction from the JPY20 interim dividend paid in the prior fiscal year. The company aims for a continuous increase in dividends with a target consolidated payout ratio of approximately 30% over the medium to long term, while considering strategic investments for growth.

The decision to suspend the interim dividend stems from significant challenges faced in the current interim period, including market deterioration, particularly in the U.S. market due to tariffs, and increased costs. While Toshiba Tec has implemented measures such as optimizing production sites and revising pricing, these initiatives have not fully materialized their intended effects during this period.

Looking ahead, Toshiba Tec's full-year consolidated earnings forecast, disclosed on August 6, 2025, already accounts for a special loss of approximately JPY4.02 billion, as reported on September 10, 2025. The company will continue to assess the impact of U.S. tariff countermeasures, the commencement of large-scale project deliveries, and overall business improvements in the third quarter and beyond, keeping the year-end dividend forecast undecided for now.