Taiyo Holdings boosts forecasts, interim dividend; announces stock split

Taiyo Holdings has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026. Net sales are now projected at 128,800 million yen (up 2.5% from previous forecast), operating income at 26,900 million yen (up 8.9%), ordinary income at 26,500 million yen (up 11.8%), and profit attributable to owners of parent at 18,400 million yen (up 15.0%). This revision is primarily attributed to better-than-expected demand for semiconductor package products and rigid board materials in China within the Electronics segment, coupled with non-operating income from CVC fund sales and extraordinary income from a subsidiary's liquidation.

In conjunction with the upgraded outlook, Taiyo Holdings will increase its interim dividend for the fiscal year ending March 31, 2026, by 20.00 yen to 165.00 yen per share. The company also announced a two-for-one stock split, effective December 1, 2025, to enhance accessibility for investors. This split will double the number of authorized and issued shares, leading to a corresponding adjustment in the fiscal year-end dividend forecast to 72.50 yen per share post-split, maintaining the previous effective amount.

The stock split will also result in adjustments to the maximum number of shares allocated for performance-linked and restricted stock compensation for executive board directors and other payment recipients, doubling the limits to reflect the increased share count.