[Tokyo 10th Reuters]-Nippon Yusen turned negative in the second half. The medium-term management plan for four years from fiscal 2023, announced on the same day, included the implementation of shareholder returns, but sales took precedence. Shares fell 4% at one point.
An analyst at a domestic securities firm said in the market, “Maybe the president’s remarks, which were reported in advance, may have been taken as expected.”
In addition to carrying out share buybacks worth 200 billion yen in fiscal 2023-2024, the company will raise its dividend payout ratio target from 25% to 30% and raise the minimum dividend per share to 100 yen. Taking investment opportunities and the business environment into account, the company plans to flexibly implement additional returns.
In terms of business, we will invest 1.2 trillion yen by fiscal 2014, including 300 billion yen for LNG carriers and 290 billion yen for decarbonization of ships as our core business.
