1.Purpose of share buyback and cancellation of treasury stock
Komatsu is building a sound financial position and enhancing its competitiveness in order to increase its sustainable corporate value. Concerning cash dividends, Komatsu has the policy of continuing stable payment of dividends after comprehensively considering consolidated business results and reviewing future investment plans, cash flows, and the like. Specifically, Komatsu has the policy of maintaining a consolidated payout ratio of 40% or higher.
Komatsu has decided to repurchase its shares of common stock from the viewpoint of increasing its corporate value and shareholder returns taking into consideration the current capital efficiency, financial soundness, and other factors.
In addition, Komatsu has decided to cancel its shares of treasury stock to be repurchased after comprehensively considering the specific use of the shares and the reasons for holding them.
Contact:
Tel: +81-(0)3-6849-9703
Email: JP00MB_cc_department@global.komatsu
(C) 2024 Electronic News Publishing, source