Sumitomo Riko Announces Increased Dividend and Extraordinary Loss

An announcement from Sumitomo Riko Company Limited ( (JP:5191) ) is now available.

Sumitomo Riko Company Limited has announced an increased year-end dividend of 42 yen per share, up from the previous forecast of 36 yen, as part of its commitment to returning profits to shareholders. This decision aligns with the company’s Mid-Term Management Plan, which aims for a consolidated dividend payout ratio of 30% or more by the fiscal year ending March 31, 2026. Additionally, the company reported an extraordinary loss of 10,919 million yen in its non-consolidated financial statements due to a valuation loss on shares of associated companies and investments. However, this loss will not impact the consolidated profit or loss.

More about Sumitomo Riko Company Limited

Sumitomo Riko Company Limited operates in the manufacturing industry, focusing on producing rubber and plastic products. The company is listed on the Tokyo Stock Exchange Prime Market and the Nagoya Stock Exchange Premier Market.

Average Trading Volume: 234,266

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen168.5B

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