JCM Lifts Dividend Policy As New 3-Year Plan Begins

Japan Cash Machine Co Ltd, also known as JCM Global, is raising its dividend payout policy to a consolidated ratio of 50% or more as it moves into a new medium-term management plan. The company said the change is intended to enhance returns to shareholders, marking an increase from its previous payout ratio of 30%.

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Higher Dividend Return

In a Thursday filing, JCM said it sees the return of profits to shareholders as one of its important management priorities. Within the framework of the modified policy, the enterprise is increasing the interim and final dividend payments for the fiscal year 2027. In this way, the annual amount of dividends will be equal to JPY46.0, US$0.28.

The recent change was made by the enterprise against the backdrop of attempts on the part of JCM to show a greater focus on the shareholders of the enterprise within the context of the business development strategy. With the increase in the amount of dividends paid, the role of dividends as one of the sources of financing is highlighted.

Medium-Term Targets

JCM also announced a fresh medium-term management plan on Thursday, covering the fiscal years through to 31 March 2029. The plan is built around the group’s long-term development strategy, called Vision for 2032.

Under the plan, JCM is targeting net sales of JPY39.00 billion in the fiscal year ending March 2027. This indicator is expected to grow up to JPY41.00 billion in the subsequent year and to JPY42.00 billion in the third year. The profit after tax is expected to be equal to JPY2.30 billion in the current fiscal year and reach JPY2.60 billion and JPY2.90 billion by the end of March 2028 and 2029.

JCM said the 3-year period covered by the plan is meant to turn the results of the seed-sowing initiatives from the previous 3-year plan into a solid earnings foundation for the commercial business. The company added that it wants to build on the stable earnings from its global gaming business, which it described as the core business, while establishing the commercial business as the next pillar of earnings.  

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Strategy For Growth

The company said this will be supported by strengthening the group’s business portfolio, capital allocation, human resources, and sustainability initiatives in order to maximise corporate value. It also listed several key measures under the new plan, including expansion of existing businesses, establishment of new earnings foundations, transformation of the business portfolio, disciplined cash allocation, enhancement of human capital, and advancement of sustainability management.

Within the framework of the Vision for 2032 strategy, the enterprise targets the net sales of JPY55.00 billion and operating income of JPY5.50 billion. Those figures show the longer-term direction of the group as it links its dividend policy with its wider business goals.

Recent Results

JCM posted a net profit of just over JPY4.69 billion in the fiscal year to 31 March 2026. That came on net sales of JPY31.56 billion, which were down 16.6% from a year earlier.

Operating profit for the latest financial year was nearly JPY2.50 billion, representing a year-on-year decline of 49.1%. The firm also declared a final dividend of JPY20.0 per share.

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Source: GGR Asia