Japan Wool Textile raises dividend forecast, cancels treasury shares

The Japan Wool Textile (Nikke) has announced a revised dividend forecast for the fiscal year ending November 2025, increasing the year-end dividend by JPY 5 per share to JPY 30. This adjustment brings the annual dividend to JPY 47 per share, an increase of JPY 7 from the previous year, reflecting solid business performance under the "RN130 3rd Medium-Term Management Plan."

Concurrently, Nikke also announced the cancellation of 2,000,000 shares of its common stock, representing 2.62% of the total issued shares before cancellation. This action, scheduled for November 28, 2025, will reduce the total number of issued shares after cancellation to 74,278,858 shares.

These moves align with Nikke's shareholder return policy, which prioritizes progressive dividends, aiming to gradually increase the dividend payout ratio from the current 30% to 35% by the final year of the RN130 3rd Medium-Term Management Plan, alongside flexible treasury share acquisitions.