Source disclosure: February 10, 2026
TODA KOGYO CORP. [410A.T]
TOKYO, Feb 10 (Pulse News Wire) -- GMO Commerce Corp., listed on the Tokyo Stock Exchange's Growth Market under code number 410A, has announced changes to its dividend policy aimed at providing more stable and sustainable returns to shareholders. The company made this decision during its board meeting held on February 10, 2026.
Under the new policy, which will be implemented starting from the fiscal year ending December 2026, GMO Commerce aims to enhance shareholder returns by adopting either a Dividend Outflow Efficiency (DOE) ratio of 8% or higher, or a payout ratio of 65%, whichever is greater. This change reflects the company’s commitment to viewing shareholder return as a critical business objective while balancing internal reserves against performance and funding needs for expansion. Previously, the company had targeted a payout ratio of around 65%.
The rationale behind this shift is to leverage strong equity capital effectively and achieve both dividend stability and improved capital efficiency, especially post-listing. By introducing DOE as an additional metric, the company seeks to insulate dividends from fluctuations in earnings and optimize capital usage for growth investments in existing and new ventures. This strategic move is expected to further advance shareholder value and maximize enterprise worth through efficient capital deployment.
Regarding the timing of these changes, the updated dividend policy will apply to dividends distributed after the fiscal year ending December 2026. For the current fiscal year ending December 2025, GMO Commerce plans to distribute an end-of-year dividend of ¥40.30 per share. Based on the new guidelines, the projected end-of-year dividend for the fiscal year ending December 2026 is estimated to be ¥48.24 per share. These adjustments underscore the company’s dedication to enhancing shareholder benefits and optimizing resource utilization.
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