Rix Corp. (TYO:7525) will update its dividend policy to target a consolidated dividend on equity (DOE) of 4.5% or higher, alongside a payout ratio of 40% or higher, starting with the fiscal year ending March 31, 2026, according to a Tuesday filing on the Tokyo Stock Exchange.

The machinery trading firm said the shift aims to provide more stable shareholder returns and improve capital efficiency.

The year-end dividend for the fiscal year ending March 31, 2025, will follow the current policy targeting a 40% payout ratio.

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