Rising Corporation is using a June 17 clarification to clean up a dividend change that was already decided on May 15. The TOKYO PRO Market company said its board had approved a step-up in the consolidated payout ratio to 30% from 20%, part of a stronger shareholder-return policy as it works toward a general market listing. That same decision raised the year-end dividend forecast for the year ended March 2026 to ¥48.85 per share from ¥38.84.
The awkward part is the timing. Rising said it did not make the required timely disclosure on May 15, and its results summary published that day did not give enough explanation that the year-end dividend forecast had changed from the previous figure. June 17's note is therefore a catch-up disclosure, not a fresh decision.
In a separate dividend notice, the company said directors on June 4 approved putting the March 31 record-date payout to shareholders at the June 26 annual meeting. The proposed ordinary dividend is ¥48.85 per share, or ¥48.85mn in total, drawn from retained earnings, with a planned effective date of June 29 if approved. Rising also apologized for making the disclosure after the fact.
Why it matters is that the 30% payout ratio is no longer just policy prose. It already resets the current year's final payout, and Rising says next year's planned year-end dividend is ¥60.91 per share on the same 30% basis. What the company still does not explain is why the May disclosure gap happened.