MEITEC Group Holdings Inc. [9744.T]
TOKYO, May 11 (Pulse News Wire) – MEITEC Group Holdings Inc. (9744.T) disclosed that its mid-year dividend paid in November 2025 exceeded the legally permissible distribution amount according to the Companies Act and Accounting Standards.
The company conducted an initial investigation which suggests the excess was due to errors in calculating the distributable amount by management. On May 9, the board decided to commission external lawyers and certified public accountants to conduct a thorough investigation. The mid-year dividend distributed to shareholders on November 7, 2025, amounted to ¥110 per share based on interim results up to September 30, 2025.
Despite recognizing the mistake, the company does not plan to request repayment from shareholders. An estimated final dividend of ¥100 per share for the fiscal year ending March 2026 remains scheduled pending receipt of audit reports, expected around May 12. MEITEC Group has established a team of external experts, including attorney Aki Ohtsu from Nishimura & Asahi Law Firm and certified public accountant Kenji Kawaue from FYI Corporation, to investigate the incident thoroughly.
The company pledges full cooperation and commitment to implementing preventive measures against future occurrences.
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