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JAPAN CASH MACHINE rises on dividend increase
JAPAN CASH MACHINE CO., LTD. <6418> rose. After the close of trading on May 21, the company announced a hike in its dividend forecast for the fiscal year ending March 2027 to 46 yen from 40 yen, compared with 40 yen the previous fiscal year. This follows a revision to its dividend policy under its medium-term management plan through March 2029, raising the consolidated dividend payout ratio to "50% or more" from "30% or more." The announcement was well received by investors.
The company also outlined its medium-term plan, which aims to establish its financial, retail, and transportation market businesses as a new earnings pillar, building on the stable revenue base of its core casino business. It plans to strengthen its business portfolio, capital allocation, human resources, and sustainability initiatives to maximize corporate value. Through these measures, JAPAN CASH MACHINE targets sales of 42 billion yen and an operating profit of 4.1 billion yen in the plan's final year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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