Source disclosure: January 14, 2026
TOHO CO.,LTD [9602.T]
TOKYO, Jan 14 (Pulse News Wire) --
TOHO Co., Ltd. (9602.T), represented by President Hiroshi Matsuo, announced today that its board of directors has revised the expected year-end dividend per share for the fiscal year ending February 2026 (the 137th fiscal period). The company will increase the dividend from the previously forecasted 42.5 yen to 62.5 yen per share, marking an additional 20 yen per share compared to the earlier prediction. This adjustment brings the total annual dividend per share to 105 yen, up from the previous estimate of 85 yen. According to the company's mid-term business plan "Mid-Term Management Plan 2028," which was released in April 2025, the dividend policy is set to maintain a minimum annual payout of 85 yen per share, with a target payout ratio of over 35%, along with flexible stock buybacks.
The revision comes as a result of significant performance improvements across multiple sectors within the company. Notably, the film division saw exceptional success with the blockbuster releases of "Demon Slayer: Infinity Castle Chapter One - Gyokuyaso Returns" and "National Treasure." These films far exceeded initial expectations, contributing significantly to the overall positive trajectory of the company’s earnings. Additionally, solid performances were observed in intellectual property and animation, theatrical productions, and real estate businesses.
In light of these favorable trends and considering the dividend distribution strategy outlined in their mid-term plan, TOHO aims to enhance shareholder returns further. The company expects this move to strengthen investor confidence while adhering to its commitment towards sustainable growth and value creation. For reference, the actual dividends paid out during the fiscal year ended February 2025 amounted to 85 yen per share, comprising 35 yen distributed in August and 50 yen at the end of the fiscal year.
Furthermore, TOHO plans to execute a share split on March 1, 2026, where one ordinary share will be exchanged for five shares. However, the final dividend payment scheduled for February 28, 2026, will be based on the pre-split number of shares. Detailed information regarding the share split can be found in the separate announcement titled “Notice Regarding Share Split and Related Amendments to Articles of Incorporation and Changes to Shareholder Benefits Program,” also disclosed today. The revised dividend policy reflects TOHO's ongoing efforts to balance profitability with shareholder rewards, positioning the company favorably amidst competitive market conditions.
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