Ibiden announces stock split, dividend change, and upgraded forecast

Ibiden Co., Ltd. has announced a 2-for-1 stock split for its common shares, effective January 1, 2026, aiming to expand its investor base and increase liquidity. This split will double the total number of issued shares from 140,860,557 to 281,721,114. Additionally, the conversion price of its Zero Coupon Convertible Bonds due 2031 will be adjusted from JPY 8,983 to JPY 4,491.5.

Concurrently, Ibiden is changing its dividend policy to a progressive dividend, with a guideline of a 20% payout ratio and a base annual dividend of JPY 40 per share, applicable from fiscal year 2026 to 2031. The year-end dividend forecast for March 31, 2026, has been set at JPY 20.00 per share (before stock split), aligning with the new policy. An interim dividend of JPY 30.00 per share was also declared for September 30, 2025, including a JPY 10.00 commemorative dividend.

Ibiden also revised its consolidated financial forecasts for the fiscal year ending March 31, 2026, with net sales now projected at JPY 420,000 million (up from JPY 415,000 million) and operating profit at JPY 61,000 million (up from JPY 55,000 million). This revision is primarily driven by stronger-than-expected orders for high-value-added products in the Electronics Business, particularly for generative AI, and a favorable depreciation trend of the Japanese yen.