Source disclosure: January 30, 2026
NIPPON PALLET POOL CO.,LTD. [4690.T]
TOKYO — NIPPON PALLET POOL CO., LTD. (Code No.: 4690) announced on January 30, 2026, that it has revised its dividend forecast for the fiscal year ending March 2026 to zero yen per share, following a board meeting held earlier today. The company made this decision based on the tender offer initiated by Japan Pallet Rental Co., Ltd. (hereinafter referred to as "the bidder"), which is set to acquire shares of NIPPON PALLET POOL.
The board supports and recommends shareholders to tender their shares under the public offering, which was detailed in a separate press release issued today. This recommendation comes after the board's deliberation on the implications of the tender offer, including the bidder’s intention to make NIPPON PALLET POOL a wholly-owned subsidiary and delist the company from the Tokyo Stock Exchange Standard Market.
Previously, the company had anticipated a dividend payout of 56 yen per share for both interim and final dividends in the current fiscal year. However, due to the conditions stipulated by the bidder, where the acquisition price assumes no dividend payment during the period covered by the tender offer, and considering potential disparities in economic benefits between participating and non-participating shareholders post-tender completion, the board decided to forego any dividend payments for the fiscal year ending March 2026.
NIPPON PALLET POOL has traditionally maintained a policy of distributing dividends at a rate of more than 30 percent of earnings, aiming to balance shareholder returns withinvestment needs for future operational changes. Nevertheless, given the unique circumstances presented by the tender offer, particularly the timeline extending until March 17, 2026, the board concluded that suspending dividends would ensure fairness among all shareholders while aligning with the terms proposed by the bidder.
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