Keiwa raises 2025 year-end dividend forecast by JPY 5

Keiwa Incorporated's board of directors has approved a revision to its dividend forecast for the fiscal year ending December 31, 2025, increasing the year-end dividend per share by JPY 5. The revised forecast sets the year-end dividend at JPY 40.00 per share, up from the previously projected JPY 35.00 per share. This adjustment results in a total annual dividend of JPY 40.00 for the fiscal year, considering no second-quarter dividend. The previous year's total annual dividend was JPY 35.00.

This decision aligns with Keiwa's "Actions Toward Achieving Management Conscious of Capital Cost and Stock Price" strategy, unveiled on November 14, 2025. The company committed to stable dividends linked to profit growth, targeting a Dividend on Equity (DOE) of 4% and a payout ratio of 30%, based on a comprehensive assessment of its medium- to long-term earnings outlook and business strategy.

The increased dividend reflects a comprehensive consideration of this policy and the current progress of consolidated financial results and financial position for the fiscal year ending December 31, 2025. This move aims to enhance shareholder returns by distributing profits more effectively.