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Meito Sangyo Co., Ltd. ( (JP:2207) ) has issued an update.
Meito Co., Ltd. has revised the financial strategy under its current medium-term plan after recognizing that, with one year remaining, return on equity is around its 5% target while price-to-book remains below 1x. To boost capital efficiency and shareholder value by the fiscal year ending March 31, 2027, the company will raise its planned annual dividend to ¥80 per share, increase total share buybacks and cancellations under the plan to ¥3.5 billion, and accelerate the sale of cross-shareholdings.
Looking ahead to the next medium-term plan covering fiscal 2028–2030, Meito intends to further promote management focused on cost of capital and stock market valuation. The company plans to use cash generated from reducing cross-shareholdings to expand growth investments and shareholder returns, with the goal of continuously improving ROE and lifting its PBR, which could strengthen its market positioning and appeal to investors seeking more capital-efficient Japanese equities.
More about Meito Sangyo Co., Ltd.
Meito Co., Ltd. is a Japan-listed food company active on the Tokyo Stock Exchange Prime Market and Nagoya Stock Exchange Premier Market. The group focuses on confectionery and related food products, and is pursuing management that emphasizes cost of capital, stock price and capital efficiency to enhance long-term corporate and shareholder value.
Average Trading Volume: 86,177
Technical Sentiment Signal: Buy
Current Market Cap: Yen52.75B
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