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TYO:9744

4 stories mentioning TYO:9744

Every FINWIRES story that references TYO:9744, newest first.

Asia

Meitec to Record 14.6 Billion Yen in Dividend Income From Subsidaries

Meitec (TYO:9744) will receive dividends totalling 14.6 billion yen from four consolidated subsidiaries, effective June 4, according to a Tokyo bourse filing on Wednesday.The dividends were resolved on June 3, with Meitec Corp. contributing the largest share at 11.4 billion yen.As a result, the company will record the full dividend amount as operating income in its non-consolidated financial results for the current fiscal year.However, since these are intra-group dividends, there will be no impact on the consolidated financial results.

TYO:9744
Asia

Meitec Group Declares Lower Final Dividend for Fiscal Year 2026

Meitec Group (TYO:9744) declared a year-end dividend of 106 yen per share for the fiscal year 2026, matching earlier forecasts but lower than the 110 yen paid a year ago, which included a commemorative dividend.The total dividend payment amounts to 8.18 billion yen, payable from retained earnings on June 24, according to a Tokyo bourse filing on Friday.The company's basic policy on profit distribution targets a payout ratio based on operating performance, with the annual dividend for the fiscal year ended March 31, resulting in a payout ratio of 100.5%.The current fiscal year's total dividend was 196 yen per share, consisting of an interim dividend of 90 yen and a year-end dividend of 106 yen.

TYO:9744
Asia Markets

Japan Shares Fall as US-Iran Deadlock Fuels Energy Supply Fears; Nintendo Tumbles 8%

Japanese shares ended lower on Monday as risk sentiment weakened after U.S. President Donald Trump and Iran rejected each other's latest proposals to end the Middle East conflict, fueling concerns over prolonged geopolitical tensions and tighter energy supplies.The Nikkei 225 fell 0.5%, or 295.77 points, to close at 62,417.88.U.S. President Donald Trump dismissed Iran's latest counterproposal to end the 10-week Middle East conflict as "totally unacceptable," while Tehran signaled it would not concede to U.S. demands, deepening a standoff that has disrupted flows through the Strait of Hormuz and rattled global energy markets.Trump said on Truth Social on Sunday that he had reviewed Iran's response delivered through intermediaries and rejected it outright. Iranian state media characterized Tehran's position as a refusal to accept what it described as a U.S. push for "surrender."Iran reportedly sought war reparations, full control over the Strait of Hormuz, the removal of sanctions, and the release of frozen Iranian assets as part of any agreement.On the corporate front, Nintendo (TYO:7974) fell 8% after forecasting a 27% decline in fiscal 2027 profit and an 11.4% drop in sales, while also raising Nintendo Switch 2 prices in Japan and the U.S. amid tariff pressures.MEITEC Group Holdings (TYO:9744) slipped 1% after saying a November 2025 interim dividend exceeded the legally distributable amount due to a calculation error and appointing external experts to investigate the matter.Japan Tobacco (TYO:2914) climbed 7%, as first-quarter profit attributable to owners of parent rose 25.1% to 197.04 billion yen and the company maintained its full-year outlook.

Nikkei 225TYO:2914TYO:7974TYO:9744
Asia

Meitec Says Interim Dividend Exceeded Legal Distributable Amount

Meitec Group (TYO:9744) said an interim dividend paid in November 2025 exceeded the distributable amount allowed under Japan's Companies Act due to a calculation error, according to a Monday filing on the Tokyo Stock Exchange.The company said the 90 yen-per-share interim dividend, totaling 6.95 billion yen, exceeded the legally distributable amount of 3.47 billion yen as of Sept. 30, 2025.Meitec said it identified the issue after a comment from its accounting auditor and has appointed external lawyers and an accountant to investigate the matter and prevention measures.The company said it does not plan to seek the return of dividends already paid and still expects to pay the planned year-end dividend of 91 yen per share for fiscal 2026.

TYO:9744