Source disclosure: February 03, 2026
Chubu Steel Plate Co., Ltd. [5461.T]
TOKYO, Feb 3 (Pulse News Wire) -- Chubu Steel Plate Co., Ltd. (5461.T), led by President Takashi Kaneko (Kaneko Daito), announced today that its board of directors has revised its capital policy and adjusted its dividend forecast. The company is reassessing its business environment amid challenges such as an accident involving molten steel leakage from an electric furnace last January and a downturn in demand for steel products.
Chubu Steel Plate aims to enhance its capital efficiency and corporate value through optimal capital structure adjustments. This includes compressing equity capital while ensuring funds for safety and growth. Specifically, the company plans to reduce consolidated net assets to approximately ¥700 billion by the end of fiscal year 2027 (from ¥740 billion as of December 2025). To achieve this, it will intensify shareholder returns beyond previous levels.
The company's medium-term management plan for FY2024 sets key performance indicators (KPIs) including consolidated operating income of ¥150 billion and a return on equity (ROE) of 10%. Despite these goals, the current economic conditions necessitate further operational improvements. Chubu Steel Plate intends to realize profit growth through the effective execution of its strategic initiatives and aims to reach a market capitalization target of ¥1 trillion earlier than planned. Additionally, surplus capital will be actively utilized for shareholder returns to sustainably increase shareholder value.
Regarding the dividend forecast, Chubu Steel Plate has raised its final dividend payout for the fiscal year ending March 2025. Previously, the company had projected a mid-year dividend of ¥51 and a final dividend of ¥101 per share, totaling ¥152. However, the new forecast now predicts a mid-year dividend of ¥54 and a final dividend of ¥104 per share, summing up to ¥158. This adjustment reflects a higher distribution rate compared to the initial estimate, bringing the Dividend Payout Ratio (DPR) to around 3.7%, which is 0.2 percentage points higher than previously anticipated.
These changes aim to better align the company’s financial strategy with stakeholder expectations and improve long-term profitability and sustainability.
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