Source disclosure: February 03, 2026
Chugoku Marine Paints,Ltd. [4617.T]
TOKYO, Feb 3 (Pulse News Wire) -- Chugoku Marine Paints, Ltd. (4617.T), represented by President Katsushi Iwada, announced on February 3 that its board of directors had revised the dividend forecast for the fiscal year ending March 2026. The company originally projected an annual dividend of ¥63.00 per share, split between interim dividends of ¥49.00 and final dividends of ¥97.00. However, the new forecast now includes a special dividend of ¥14.00, bringing the total annual dividend to ¥111.00 per share. This revision was decided upon during a meeting held on February 3, 2026.
The adjustment comes as part of the company's ongoing commitment to shareholder returns under its mid-term business plan spanning from April 2021 to March 2026. According to this plan, Chugoku Marine Paints aims to maintain a consolidated dividend payout ratio above 40% while ensuring a minimum annual dividend per share of ¥35. Additionally, the company has established guidelines to exclude one-off profit factors when calculating dividends, focusing instead on stable and sustainable growth in shareholder returns.
In anticipation of the fiscal year ending March 2026, Chugoku Marine Paints initially planned to repurchase approximately ¥7 billion worth of shares based on the special loss component deducted from the dividend base of the previous fiscal year. However, considering current economic conditions and market dynamics, the company has opted to alter its return strategy. Instead of using these funds for share buybacks, they will be redirected towards a special dividend payment at the end of the fiscal year, increasing the overall dividend yield to ¥111.00 per share.
This decision reflects Chugoku Marine Paints' proactive approach to adapting its dividend policy in response to evolving market circumstances while maintaining strong commitments to its stakeholders.
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