TOA CORPORATION Q4 FY2025 earnings call

This content is an investment article introducing 4 high dividend-yield Japanese stocks with March fiscal year endings that are of interest for the new NISA program, with the following key points:

• General context for March fiscal year: Most Japanese listed companies have a March fiscal year end, with full-year financial results typically released between late April and mid-May. For 2026, the final ex-dividend date for dividend and shareholder benefit eligibility is March 27 (Friday), so investors must not confuse this date with the results release timeline.
• TOA (6809): Founded in 1934, the company expanded from loudspeaker manufacturing to commercial audio and video equipment. Over 90% of domestic airport passengers receive flight information via TOA speakers. The company is advancing its 3-stage transformation toward its 100th anniversary. As of closing price on January 30, 2026, its dividend yield is 5.14%.
• Toa Road Construction (1882): Core business is road paving, with additional operations in civil engineering, construction material manufacturing and sales, and environmental businesses. With aging infrastructure as a growing social issue, the company's business areas are expected to see sustained future demand. The company marked its 90th anniversary in 2000 and is advancing initiatives toward its 100th anniversary in 2030. It maintains a shareholder return policy targeting 8% DOE, with 100% payout ratio as a benchmark. As of closing price on January 30, 2026, its dividend yield is 5.17%.
• UT Group (2146): Operates human resource services for the manufacturing industry. It implemented a 1-for-15 stock split at the end of 2024, which lowered the share price level and made it accessible for small-lot investments. During its medium-term management plan period ending in the March 2029 fiscal year, the company guarantees a minimum 10 yen dividend per share (post-stock split) with a 100% payout ratio as a floor. As of closing price on January 30, 2026, its dividend yield is 5.27%.
• Koshuha Netsuren (5976): The first company in Japan to successfully commercialize and industrialize induction heating (IH) technology. It engages in manufacturing metal products, outsourced processing, and equipment sales, serving a wide range of industries including automotive and construction. Starting from the March 2026 fiscal year, the company uses a 4.0% or higher dividend on equity (DOE) as its dividend standard. As of closing price on January 30, 2026, its dividend yield is 5.08%.
• Long-term holding strategy for high dividend stocks under new NISA: New NISA, launched in 2024, enters its third year in 2026. Both capital gains and dividends are tax-exempt, making high dividend stocks popular as a component of the growth investment allowance. For long-term holders, even if there is an unrealized loss in the short term, continuing to hold and collect dividends at a high yield will increase the probability of long-term positive returns if the share price recovers. New NISA is generally intended for long-term investing, which is a healthy mindset for investors to maintain.

No detailed segment-level financial performance data (including absolute values and revenue contribution percentages) is provided in the provided transcript content.

No forward-looking financial guidance (including upward/downward revisions or maintained outlooks) from company management is provided in the available transcript content.

The article only includes a general disclaimer that all investment decisions must be made at the investor's own discretion, and the publisher and author accept no liability for investment outcomes. The article also clarifies that it does not constitute an investment recommendation for any specific named stock. No specific operational or financial risks related to the listed companies are discussed in the provided content.

No question and answer section content is included in the provided transcript.