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Tokushu Tokai Paper Co., Ltd. ( (JP:3708) ) has provided an announcement.
Tokushu Tokai Paper has unveiled its 7th Medium-Term Management Plan covering fiscal years ending March 2027 to March 2029, framed as the first phase of a nine-year long-term vision to boost profitability above the cost of shareholders’ equity. The plan centers on entering new business domains around recycling, optimizing production and product portfolios, reinforcing environment-related operations, and advancing sustainability management to underpin growth.
The company targets ordinary profit of ¥8.0 billion and a 7.0% ROE by the fiscal year ending March 2029, up from ¥5.7 billion and 5.4% in fiscal 2026, signaling a push for stronger earnings and capital efficiency. It is also revising its shareholder return policy from a total return ratio of at least 30% to a more generous framework based on a 50% payout ratio or a 4.0% dividend on equity, whichever is higher, underscoring a stronger commitment to shareholder returns alongside strategic investment in growth and core businesses.
More about Tokushu Tokai Paper Co., Ltd.
Tokushu Tokai Paper Co., Ltd., listed on the TSE Prime Market under securities code 3708, operates in the paper and related materials industry. The company focuses on both traditional paper products and environment-related businesses, with a particular emphasis on recycling and developing new business areas to secure stable, medium- to long-term income streams.
Average Trading Volume: 62,369
Technical Sentiment Signal: Buy
Current Market Cap: Yen61.8B
For a thorough assessment of 3708 stock, go to TipRanks’ Stock Analysis page.