Noritz Raises Year-End Dividend and Lifts Annual Payout Forecast

An announcement from Noritz ( (JP:5943) ) is now available.

Noritz Corporation’s board has approved a year-end dividend of ¥39 per share for the fiscal year ended December 31, 2025, up from ¥36 a year earlier and exceeding its previous forecast by ¥3. The total year-end payout will be ¥1,790 million, with the dividend to be funded from retained earnings and paid on March 30, 2026.

The company, which targets the higher of a 50% consolidated payout ratio or 2.5% dividend on equity, will lift its total annual dividend for 2025 to ¥74 per share from the previously forecast ¥71, also above the prior year’s ¥69. The move signals stronger earnings and balance-sheet conditions and underscores management’s commitment to enhancing shareholder returns through a progressively higher dividend.

The most recent analyst rating on (JP:5943) stock is a Hold with a Yen2144.00 price target. To see the full list of analyst forecasts on Noritz stock, see the JP:5943 Stock Forecast page.

More about Noritz

Noritz Corporation is a Japan-based manufacturer in the housing and equipment sector, best known for gas water heaters and related hot-water systems. The company is listed on the Tokyo Stock Exchange Prime Market under securities code 5943 and focuses on stable shareholder returns under a capital policy that emphasizes dividend payout ratios and dividend on equity metrics.

Average Trading Volume: 106,846

Technical Sentiment Signal: Buy

Current Market Cap: Yen93.38B

See more insights into 5943 stock on TipRanks’ Stock Analysis page.