Kokuyo Co., Ltd. Provides Dividend Guidance for the Fiscal Year 2021
August 02, 2021 at 09:00 pm EDT
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Kokuyo Co., Ltd. provided dividend guidance for the fiscal year 2021. The dividend forecast for the full year is expected to increase from the initial forecast and should achieve a dividend payout ratio of 40%. With regard to the dividend amount, they plan to pay an annual dividend of JPY 43 per share in order to achieve the dividend payout ratio of 40%, which was initially set in the second medium-term management plan, and to increase the dividend compared to the previous fiscal year and also up from the initial forecast.
KOKUYO CO., LTD. is a Japan-based manufacturing company primarily offering stationery and furniture products. The Company operates in three segments. The Stationery-related segment manufactures, purchases and sells stationery products and business supplies. The Furniture-related segment manufactures, purchases and sells office furniture, space design and consultation business. The Mail-order and Retail segment is engaged in the mail-order sales of office products and the sale of interiors and household goods.