Japan Inc. plans record dividends of $118bn amid reform pressure

Companies court retail investors as cross-shareholding are unwound

20250129N Japan dividends TSE

The Tokyo Stock Exchange has been urging listed companies to improve capital efficiency. (Photo by Mizuho Miyazaki)

MOMOKO IMAMURA and HIDEAKI HIGASHIURA

TOKYO -- Japan's publicly traded companies are expected to pay a total of 18.3 trillion yen ($118 billion) in dividends for fiscal 2024, topping records for the fourth straight year as calls grow for corporations to use their capital more efficiently.

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