Mitsui O.S.K. Lines (TYO:9104) will adopt a progressive dividend policy in its next medium-term plan, Bloomberg reported Friday, citing CEO Takeshi Hashimoto.
The new approach aims for stable payouts, starting at around 200 yen per share for the fiscal year ending March 2026, instead of fluctuating with volatile earnings. The company paid 360 yen per share for the year ended March 2025, according to the report.
Hashimoto said the firm will pause large mergers worth hundreds of billions of yen, focusing instead on deals in the 50 billion yen-100 billion yen range, the report said.
Mitsui OSK previously saw dividend spikes in fiscal 2021-2022 after pandemic-driven market gains, followed by declines as shipping markets normalized, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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