JCM Raises Dividend Payout Ratio to 50%

Japan Cash Machine Co Ltd (JCM Global) has announced an increase to its dividend payout policy as part of a new medium-term management strategy, raising the consolidated payout ratio target to 50% or higher from the previous 30%.

The company said the revised policy reflects its intention to strengthen shareholder returns while supporting its broader business development plans.

Under the updated framework, JCM plans to increase both interim and final dividend payments for the fiscal year ending March 2027, bringing the total annual dividend to JPY46.0 per share, equivalent to around US$0.28.

The company stated that returning profits to shareholders remains one of its key management priorities, with the higher payout ratio forming part of a wider effort to place greater emphasis on shareholder value.

New medium-term management plan

Alongside the dividend update, JCM introduced a new medium-term management plan running through to March 2029. The strategy is linked to the company’s long-term Vision for 2032 roadmap.

Under the plan, JCM expects net sales to reach JPY39.0 billion in the fiscal year ending March 2027, followed by projected increases to JPY41.0 billion and JPY42.0 billion in the following two years.

The company also forecasts net profit after tax of JPY2.30 billion for the current fiscal year, rising to JPY2.60 billion and JPY2.90 billion by March 2028 and 2029 respectively.

JCM said the three-year plan is designed to convert earlier development initiatives into a more stable earnings base for its commercial business while continuing to build on the performance of its global gaming division, which it described as the company’s core business.

Focus on business expansion and sustainability

The company outlined several priorities under the new strategy, including expanding existing operations, developing new revenue streams, reshaping the business portfolio, strengthening capital allocation, enhancing human resources and advancing sustainability initiatives.

Through its Vision for 2032 strategy, JCM is targeting long-term net sales of JPY55.0 billion alongside operating income of JPY5.50 billion.

Latest financial results

For the fiscal year ending 31 March 2026, JCM reported net profit of more than JPY4.69 billion on net sales of JPY31.56 billion, representing a 16.6% decline compared with the previous year.

Operating profit for the period totaled nearly JPY2.50 billion, down 49.1% year-on-year. The company also confirmed a final dividend payment of JPY20.0 per share.