Mitsubishi Materials to discontinue shareholder benefit program
TL;DR
Mitsubishi Paper Mills introduces a shareholder benefits program starting March 31, 2026, offering household paper products to long-term shareholders to enhance engagement and gratitude, without affecting existing dividend policies.
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Mitsubishi Materials to discontinue shareholder benefit program
Mitsubishi Paper Mills Introduces Shareholder Benefits Program
Mitsubishi Paper Mills Ltd. (JP:3864) has announced the establishment of a shareholder benefits program, effective March 31, 2026, aimed at strengthening long-term shareholder engagement and expressing gratitude for ongoing support according to company announcement. The initiative, approved by the company’s Board of Directors on February 13, 2026, aligns with broader corporate governance efforts to enhance transparency and investor relations.
Under the program, eligible shareholders holding 500 or more shares continuously for over one year as of the record date (March 31 annually) will receive household paper products from the company’s “nacre” brand. Benefits include items such as facial tissues, toilet paper, or paper towels, with no additional charges for qualifying shareholders. The program emphasizes accessibility, with application details to be included in the Annual General Meeting notice mailed in early June, and benefits distributed from late August.
The move reflects the company’s strategic focus on fostering long-term shareholder value, consistent with its broader financial policies under the Midterm Corporate Strategy 2024. While Mitsubishi Paper Mills has historically prioritized shareholder returns through dividends and buybacks—allocating ¥1.9 trillion in total shareholder returns during the MCS 2024 period—the new program introduces a non-monetary incentive to deepen stakeholder relationships.
Notably, the benefits are restricted to Japanese shareholders with valid delivery addresses, and the company reserves the right to modify the program, with updates to be disclosed on its website. The initiative does not impact existing dividend policies or capital allocation strategies, which remain aligned with maintaining a robust net debt-to-equity ratio of 0.29 as of FY2024 according to financial reports.
This program underscores Mitsubishi Paper Mills’ commitment to balancing financial performance with shareholder engagement, a key pillar of its Corporate Strategy 2027, which emphasizes both growth in underlying operating cash flow and improved return on equity as stated in corporate strategy documents.
[^NUMBER]: Citations correspond to source materials provided.
