Shinsegae I&C to retire 835,090 treasury shares, raise minimum dividend to 400 won

  • Shinsegae I&C's board approved revisions to the shareholder return policy.
  • 835,090 treasury shares will be retired, representing about 6% of outstanding shares.
  • The revised policy covers the 2026 and 2027 fiscal years.

Shinsegae I&C's board approved changes to its shareholder return policy, including the retirement of 835,090 treasury shares and a higher minimum dividend of 400 won per share, up from 350 won. About 420,000 shares will be retired this year and the same amount next year. The shares, acquired through a treasury stock trust, represent about 6% of shares outstanding and have a book value of about 6 billion won ($4.3 million). The company will calculate shareholder return funds using 20% of annual net profit, replacing the previous formula of 15% to 20% of operating profit on a separate financial statement basis. The policy applies to the 2026 and 2027 fiscal years, after which Shinsegae I&C said it will reassess the framework based on business conditions.

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