TOKYO, Mar 13 (Pulse News Wire) – Ishii Hyoki CO.,LTD. (6336.T) announced today that its board of directors has rejected a shareholder proposal aimed at clarifying dividend distribution policies.
The proposal was submitted by a single individual shareholder ahead of the company’s upcoming 53rd ordinary shareholders' meeting scheduled for April 2026. The proposal sought to amend the company's articles of incorporation to establish clear quantitative targets for dividend payout ratios and other shareholder return metrics. However, the board opposed the initiative, citing their commitment to flexible decision-making based on comprehensive assessments of market conditions, financial performance, and capital structure. According to the company, it plans to continue enhancing shareholder returns through increased dividend payouts and share buybacks.
For the fiscal year ending March 2026, Ishii Hyoki intends to raise dividends by ¥8 compared to the previous year, reaching ¥28. Similarly, for the subsequent fiscal year, dividends are set to increase by ¥16, totaling ¥36. The board emphasized that while maintaining transparency in communication with shareholders remains important, rigidly defined quantitative goals could limit the company's ability to respond dynamically to changing circumstances. Therefore, the board concluded that such amendments would not align with the company's strategic objectives.
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