Source disclosure: February 18, 2026

TRUSCO NAKAYAMA CORPORATION [9830.T]

TOKYO, Feb 18 (Pulse News Wire) -- Trusco Nakayama Corporation (9830.T), led by President and CEO Nakayama Tetsuya, announced today that it has revised its dividend forecast for the fiscal year ending December 2025. The revision was decided upon during a board meeting held on February 18, 2025.

The company's previous dividend forecast, released on February 13, 2025, projected a per-share dividend of ¥30.00 for the second quarter end, ¥25.50 for the year-end, and a total of ¥55.50 for the entire fiscal year. However, the new forecast now predicts a per-share dividend of ¥30.00 for the second quarter end, ¥28.50 for the year-end, and an overall total of ¥58.50 for the fiscal year. This represents an increase of ¥3.00 compared to the earlier projection. For reference, the actual dividends paid out in the fiscal year ended December 2024 were ¥30.50 per share for the second quarter end and ¥29.50 per share for the year-end, totaling ¥60.00 per share for the year.

The adjustment is primarily due to the inclusion of the Trusco Zen'taku Dividend, which was previously announced as part of the December 2024 earnings report. According to the company’s policy, the Zen’taku Dividend adds up to 10% of depreciation expenses to the parent company's net income attributable to shareholders. As a result, the additional dividend amounting to approximately ¥3.00 per share will be distributed, bringing the annual dividend to ¥58.50 per share, an increase of ¥3.00 over the initial forecast. Consequently, the final dividend payment is expected to be ¥28.50 per share, also marking a rise of ¥3.00 from the prior estimate.

The Trusco Zen’taku Dividend is a unique dividend policy introduced by the company starting from the fiscal year ended December 2023. It stipulates that when the annual dividend per share falls below the level of the preceding fiscal year, the company will add a portion of the depreciation expense (up to 10%) to the parent company's net income attributable to shareholders, aiming to maintain a consolidated payout ratio of 25%. This initiative aims to address the dilemma between aggressive digital and logistics investments and shareholder expectations for dividends, aligning these interests through a principle of judicious selection.