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First Brothers Sets DOE-Based Dividend Policy to Support Equity Growth and Shareholder Returns

Story Highlights
  • First Brothers will pursue annual growth in shareholders’ equity while using a 2% dividend-on-equity target for year-end shareholder payouts.
  • If profits exceed ¥2.0 billion, the company may pay interim dividends equal to 40% of excess earnings, smoothing returns despite volatile property sales.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Brothers Sets DOE-Based Dividend Policy to Support Equity Growth and Shareholder Returns

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An announcement from First Brothers Co., Ltd. ( (JP:3454) ) is now available.

First Brothers Co., Ltd. outlined its financial policy for FY11/25, emphasizing the continued stable growth of shareholders’ equity as the core driver of shareholder value. The company targets increasing equity every year and has adopted a dividend policy based on a 2.0% dividend-on-equity (DOE) ratio for year-end dividends, with additional flexibility to pay interim dividends when performance is strong. Specifically, if profit attributable to owners of parent exceeds ¥2.0 billion in the preceding fiscal year, the company plans to pay interim dividends equivalent to 40% of the excess profit. This framework is designed to balance its inherently volatile profit profile—stemming from opportunistic sales of specialized properties—with a more predictable and shareholder-friendly capital return policy, reinforcing its commitment to long-term value creation.

The most recent analyst rating on (JP:3454) stock is a Buy with a Yen1385.00 price target. To see the full list of analyst forecasts on First Brothers Co., Ltd. stock, see the JP:3454 Stock Forecast page.

More about First Brothers Co., Ltd.

First Brothers Co., Ltd., listed on the Tokyo Stock Exchange Standard Market (code 3454), operates in the real estate and investment sector, focusing on the acquisition, management and sale of highly individualized properties. Its business model emphasizes timing property disposals to maximize profit, which can result in significant year-to-year earnings volatility while aiming for steady expansion of shareholders’ equity.

Average Trading Volume: 36,218

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen16.42B

See more data about 3454 stock on TipRanks’ Stock Analysis page.

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