Nippon Parking Development Sets Mid-Term Shareholder Return Policy

TOKYO, Aug 07 (Pulse News Wire) – Nippon Parking Development CO.,LTD. (2353.T) announced on August 7 that it had resolved to implement a mid-term shareholder return policy during its board meeting held on the same day.

The company plans to increase annual dividend per share to ¥9 for the fiscal year ending June 30, 2026, marking the 16th consecutive year of dividend hikes. Under the new policy, which spans from July 2027 to July 2029, the minimum annual dividend per share will be set at ¥10 for FY2027, ¥11 for FY2028, and ¥12 for FY2029. This represents an overall increase of ¥3 (approximately 33%) over three years compared to the current forecast of ¥9.

The policy emphasizes maintaining stability while allowing flexibility for adjustments based on performance, financial conditions, and progress in growth investments. In addition to dividends, the company also commits to considering strategic initiatives such as stock buybacks to enhance shareholder returns. Each fiscal year's dividend amount will be determined within the limits allowed by law, subject to necessary approvals.

However, significant changes in operating environment, major disasters, widespread infections, geopolitical risks, or events impacting the group’s financial status or operational results could necessitate a review of the policy.