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Toho Raises Year-End Dividend on Strong Earnings, Affirms Shareholder Return Policy

Story Highlights
  • Toho will raise its FY2026 year-end dividend to ¥67.5 per share, lifting the annual payout to ¥110 and keeping its dividend policy of at least a 35% payout ratio on track.
  • Driven by stronger fourth-quarter earnings, Toho sets a FY2027 dividend forecast equivalent to ¥110 pre-split, underscoring stable shareholder returns alongside flexible buybacks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Toho Raises Year-End Dividend on Strong Earnings, Affirms Shareholder Return Policy

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An update from Toho Co ( (JP:9602) ) is now available.

Toho Co., Ltd. said its board will propose a higher year-end dividend of ¥67.5 per share for the fiscal year ended February 2026, up from a previous forecast of ¥62.5 and compared with ¥50 a year earlier. The payout, based on shares before a 5-for-1 stock split effective March 1, 2026, will bring the total annual dividend to ¥110 per share, aligning with the company’s policy under its TOHO Mid-Term Plan 2028 to maintain a minimum annual dividend and a payout ratio of at least 35%.

The decision to lift the dividend reflects stronger-than-expected fourth-quarter performance, resulting in a consolidated dividend payout ratio of 35.9% for the year. Toho also guided for an annual dividend of ¥22 per share on a post-split basis, equivalent to ¥110 pre-split, for the fiscal year ending February 2027, signaling continued commitment to shareholder returns through stable dividends alongside flexible share buybacks.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9300.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

More about Toho Co

Toho Co., Ltd. is a Japan-based entertainment company best known for its film production and distribution businesses, including major theatrical releases and related content. Listed on the Prime Market of the Tokyo Stock Exchange and the Fukuoka Stock Exchange, the company targets domestic and international audiences through its broad portfolio of visual media and related operations.

Average Trading Volume: 3,423,151

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen1420.4B

Find detailed analytics on 9602 stock on TipRanks’ Stock Analysis page.

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