Source disclosure: February 26, 2026, 11:30 JST
PCA CORPORATION [9629.T]
TOKYO, Feb 26 (Pulse News Wire) -- PCA Corporation (9629.T), led by Chairman and CEO Satoshi Fujiaki, announced on Sunday that it has revised its dividend policy following a board meeting held earlier today. The company stated that this change is due to achieving its initial targets set within its current medium-term business plan, including reaching an ROE (Return on Equity) of 10%, as well as turning positive on EVA spread.
The new policy will shift the focus from the previous dividend payout ratio based on consolidated earnings to a dividend rate based on equity capital, known as the Consolidated Equity Dividend Rate (DOE). This adjustment aims to balance growth investments driven by AI implementation and stable long-term returns to shareholders. The company plans to achieve more predictable and sustainable dividends without being influenced by short-term performance fluctuations, aligning them with long-term net asset growth.
Previously, PCA had maintained a dividend payout ratio of around 100% and progressive dividends until the achievement of the ROE target. These policies will now conclude with the fiscal year ending March 2026. The company expressed gratitude for shareholder understanding regarding these changes and emphasized its commitment to maintaining a robust financial foundation and steady dividend levels moving forward under the new DOE metric.
The updated dividend policy will take effect starting from the fiscal year beginning April 2027. For the current fiscal year ending March 2026, PCA anticipates paying out ¥95 per share, consistent with its previously disclosed information. Specific dividend figures for the next fiscal period will be released alongside the final results announcement expected in late April 2026.
Additionally, shareholders are encouraged to review PCA's concurrent disclosure about the sale of investment securities profits and adjustments to projected earnings.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing