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Tokushu Tokai Paper Co., Ltd. ( (JP:3708) ) has issued an update.
Tokushu Tokai Paper will raise its year-end dividend for the fiscal year ended March 2026 to ¥32 per share, above its previous forecast of ¥22 and up from ¥20 a year earlier. This lifts the annual dividend to ¥53.67 per share, reflecting stronger shareholder returns supported by retained earnings following a three-for-one stock split in October 2025.
The company also revised its dividend policy for the duration of its 7th Medium-Term Management Plan, covering fiscal years ending March 2027 to March 2029. It will adopt a framework of providing whichever is higher between a 50% dividend payout ratio and a 4.0% DOE, alongside flexible share buybacks, aiming to enhance capital efficiency, maintain stable dividends, and fund aggressive growth investment mainly in its recycling business.
More about Tokushu Tokai Paper Co., Ltd.
Tokushu Tokai Paper Co., Ltd. is a Japanese paper manufacturer listed on the TSE Prime Market that produces specialty and industrial paper products. The company is increasingly focusing on recycling-related businesses as a medium- to long-term growth driver while seeking to balance growth investment with stable shareholder returns.
Average Trading Volume: 62,369
Technical Sentiment Signal: Buy
Current Market Cap: Yen61.8B
Learn more about 3708 stock on TipRanks’ Stock Analysis page.