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TYO:6471

2 stories mentioning TYO:6471Updated 38d ago

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Asia

NSK Keeps Final Dividend Steady for Fiscal Year 2025

NSK (TYO:6471) declared a year-end dividend of 17 yen per share for the fiscal year 2025, matching earlier forecasts and also unchanged from the amount paid a year ago.The total dividend payment amounts to 8.48 billion yen, payable from retained earnings on June 8, according to a Tokyo bourse filing on Thursday.The company's policy places great importance on providing stable shareholder returns as part of its mid-term management plan, targeting a dividend payout ratio ranging from 30% to 50% while maintaining a dividend on equity ratio of approximately 2.5% as a lower limit.For the fiscal year 2026, NSK forecasts full-year dividends of 34 yen per share, consisting of an interim dividend of 17 yen and a year-end dividend of 17 yen.

TYO:6471
Asia

NSK, NTN Sign MOU to Merge Operations; NTN Shares Up 7%

NSK (TYO:6471) and NTN (TYO:6472) signed a memorandum of understanding to integrate their businesses through a joint holding company planned for October 2027, according to a Tuesday filing on the Tokyo Stock Exchange.Shares of NTN jumped over 7% in morning trade Wednesday, while those of NSK plunged more than 11%.The companies said the integration is aimed at strengthening long-term competitiveness amid slowing demand in China and Europe, uncertainty tied to US tariff policies, and rising pressure on the manufacturing sector.Under the plan, NSK and NTN will become wholly owned units of the holding company through a joint share transfer, subject to shareholder and regulatory approval. The companies expect to sign a definitive agreement within about six months, with shareholder votes scheduled for June 2027.NSK and NTN said they aim to improve efficiency by combining management resources, strengthening supply chains, and expanding higher-value businesses such as maintenance and product lifecycle management.The companies also said the integration would support the development of new products and technologies by combining their engineering capabilities and operational expertise.

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