Isetan Mitsukoshi Holdings Ltd. [3099.T]
TOKYO, May 13 (Pulse News Wire) – Isetan Mitsukoshi Holdings Ltd. (3099.T) announced changes to its shareholder return policy during a board meeting held .
The company plans to adopt a dividend payout ratio (DOE) metric starting fiscal year 2028, aiming for a rate of over ５%. For fiscal year 2027, the dividend per share is expected to increase to ¥80, raising the DOE to 4.5%. Previously, the company's strategy focused on progressive dividends based on total payout ratios exceeding 70% over the initial phase of its mid-term plan (FY2026-FY2028).
Moving forward, the revised policy maintains the commitment to progressive dividends while introducing a target DOE of over ５% starting fiscal year 2028. Share buybacks will continue to be determined flexibly based on market conditions. The updated approach reflects the successful implementation of business model reforms aimed at enhancing individual customer engagement, leading to stronger performance than initially forecasted for fiscal year 2026.
The new policy emphasizes sustainable dividend growth driven by accumulated equity capital.
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