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Tokyotokeiba Co., Ltd. ( (JP:9672) ) has issued an announcement.
Tokyotokeiba has revised its dividend policy for the five-year period covered by its Medium-Term Management Plan 2030, running from the fiscal year ending December 31, 2026 through 2030, to enhance shareholder returns in line with its focus on maximizing shareholder value. The company will lift its standard consolidated payout ratio from 30% to 35% and adopt an annual dividend guideline of ¥137 per share, up from a previous lower limit of ¥90, while retaining its practice of paying interim and year-end dividends and reserving the flexibility to adjust payouts in years when profits fluctuate significantly due to external factors, signaling a more shareholder-friendly capital allocation stance without compromising its commitment to stable, long-term operations.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
More about Tokyotokeiba Co., Ltd.
Tokyotokeiba Co., Ltd., listed on the TSE Prime Market, operates in the leisure and entertainment sector by leasing the Oi Racecourse and Isesaki Auto Racetrack to local public bodies. Given the highly public nature of its racetrack leasing business, the company prioritizes maintaining a long-term stable management foundation while consistently returning profits to shareholders via regular dividend distributions.
Average Trading Volume: 77,680
Technical Sentiment Signal: Buy
Current Market Cap: Yen168.2B
Learn more about 9672 stock on TipRanks’ Stock Analysis page.