NIKKON Holdings Co ( (JP:9072) ) just unveiled an update.
NIKKON Holdings Co., Ltd. announced a revision to its Shareholder Returns Policy by introducing a dividend on equity (DOE) index of 4% or higher, replacing the previous 40% dividend payout ratio. This change aims to provide more stable long-term returns and enhance shareholder value by maximizing capital efficiency. The company plans to complete share buybacks of around 40 billion yen by March 2029, utilizing funds from asset sales and improved balance sheet efficiency, while maintaining a progressive dividend policy.
More about NIKKON Holdings Co
NIKKON Holdings Co., Ltd. operates in the logistics and transportation industry, focusing on providing comprehensive logistics solutions and services. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to enhancing shareholder value through strategic financial policies.
YTD Price Performance: 36.89%
Average Trading Volume: 20
Technical Sentiment Signal: Strong Sell
Current Market Cap: €2.1B
See more data about 9072 stock on TipRanks’ Stock Analysis page.