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Data Applications Company shares surge toward daily limit after raising total payout ratio to 100%
Data Applications Company <3848> rose sharply for a second straight day, jumping 147 yen to 1,022 yen and briefly approaching its daily limit. Following the market close on April 16, the company announced revisions to the financial policy of its medium-term plan through the fiscal year ending March 2028. The stock drew buy orders as investors welcomed an enhanced shareholder return policy that now targets a 100% total payout ratio. The company also raised its dividend on equity (DOE) guideline to a range of 3.5% to 5.0% from 3.5% and said it will actively consider share buybacks.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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