Toshiba Tec suspends interim dividend amid challenging market, rising costs

Toshiba Tec Corporation announced on September 22, 2025, a board resolution to suspend interim dividends with a record date of September 30, 2025. The company stated that despite aiming for continuous dividend increases with a consolidated payout ratio of approximately 30%, market conditions, particularly in the U.S. market, have deteriorated due to U.S. tariffs and rising costs. While measures like production site optimization and pricing revisions were pursued, their full effects were not realized during this interim period.

The decision was also influenced by an extraordinary loss of approximately JPY 4,020 million expected during this interim period, as announced on September 10, 2025. This temporary expense, however, has already been factored into the full-year consolidated financial forecast announced on August 6, 2025, maintaining the full-year financial outlook.

For the fiscal year ended March 31, 2025, an interim dividend of JPY 20 per share was paid, totaling JPY 1,059 million. The year-end dividend forecast for the fiscal year ending March 31, 2026, remains undetermined, as the company needs to monitor the effectiveness of various countermeasures, including those related to U.S. tariffs, and the performance improvement expected from large project deliveries beginning in the third fiscal quarter.