Kanto Denka Kogyo (TYO:4047) declared a year-end dividend of 11 yen per share for the fiscal year ended March 31, matching earlier forecasts and higher than the 9 yen paid a year ago.
The total dividend payment amounts to 632 million yen, payable from retained earnings on June 29, according to a Tokyo bourse filing on Wednesday.
The company's basic policy targets a consolidated dividend payout ratio of 30%, as revised from 20% in November 2023.
Nippon Accommodations Fund (TYO:3226) has agreed to borrow a total of 5.5 billion yen from Sumitomo Mitsui Trust Bank, Kiraboshi Bank, and Hachijuni Nagano Bank, with loan drawdown scheduled for May 29, according to a Tokyo bourse filing on Wednesday.The REIT said the loans carry floating interest rates based on JBA Japanese Yen TIBOR plus a spread, with maturities ranging from August 2026 to May 2033.Proceeds will be used to repay existing borrowings, including a 2 billion yen loan from Sumitomo Mitsui Trust, another 2 billion yen from Chugoku Bank and 1.5 billion yen from Hachijuni Nagano Bank.Total interest-bearing debt remains unchanged at 173.7 billion yen following the transaction.
Foreign-branded mobile phone shipments in China grew 1.8% year over year in April to about 3.6 million units, Reuters reported Tuesday, citing its own calculations from data released by the China Academy of Information and Communications Technology.Overall phone shipments in China jumped 2.8% year over year to 25.7 million units, the report said.(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.)
Gillette India's (NSE:GILLETTE, BOM:507815) profit rose to 1.93 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.59 billion rupees a year ago.Earnings per share came in at 59.08 rupees from 48.70 rupees a year earlier, the personal care products company said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased to 7.92 billion rupees from 7.67 billion rupees a year ago.The board of directors recommended a final dividend of 60 rupees per equity share of nominal value of 10 rupees each forthe financial year ended March 31. The dividend will be paid by Sept. 18.The company's shares were up nearly 6% in recent trade.