MRT shares fall despite dividend reinstatement announcement; early gains fade
MRT Inc. <6034> traded lower. After market close on Sep 30, MRT revised its dividend forecast for the fiscal year ending Dec 2026 upward to a year-end lump-sum payment of 5 yen per share from no dividend - its first dividend reinstatement in four fiscal years - prompting a higher open in the morning session, though buying was not sustained. MRT determined it established a financial base capable of securing investment funds necessary for future growth while maintaining stable shareholder returns. Going forward, MRT said its basic policy will be to provide stable and ongoing shareholder returns through ordinary dividends.
Simultaneously, MRT announced it will begin full-scale preparations toward market reclassification to the TSE Standard Market. If conditions are met, it plans to file an application within the fiscal year ending Dec 2026. MRT noted, however, that as a review by the Tokyo Stock Exchange is required, market reclassification has not been finalized.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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