Source disclosure: February 18, 2026
Trend Micro Incorporated [4704.T]
TOKYO, Feb 18 (Kyodo) -- Trend Micro Incorporated announced on Saturday that its board of directors has resolved to distribute dividends based on the fiscal year ending December 31, 2025. The decision is contingent upon approval from the company's upcoming annual general meeting scheduled for March 26, 2026.
The dividend distribution will see each ordinary share receiving an amount yet to be determined, but expected to be similar to the previous period's payout of 184 yen per share. This would result in a total dividend payment of approximately 24.158 billion yen, assuming no changes in the number of outstanding shares. The effective date for this dividend payment is set for March 27, 2026, and it will be funded by retained earnings.
In explaining the rationale behind this decision, Trend Micro stated that it adheres to a fundamental policy of returning all net profits generated after necessary investments back to shareholders without retaining them internally. Following substantial shareholder returns in the fiscal year ended December 2024, the company anticipates excess cash reserves beyond minimum requirements will continue to grow. Therefore, prioritizing capital efficiency through increased shareholder returns and mergers and acquisitions remains a key strategy. Despite challenges in immediately converting subsidiary profits into distributable income due to global business operations, Trend Micro aims to swiftly collect full-year profits from subsidiaries as dividends to boost parent company profitability. Subsequently, these funds will be returned entirely to shareholders either through end-of-period dividends or stock buybacks in the following fiscal year.
Notably, while maintaining a target dividend payout ratio of 70 percent historically, there may be instances where this ratio cannot be achieved due to strategic considerations outlined above. For reference, the company’s dividend history shows a consistent trend, with ordinary dividends ranging from 184 yen to 185 yen per share over recent years, supplemented by special dividends in certain periods.
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