Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Japanese Dividends May Rise 30% as Cash Flow Swells, UBS Says

Japanese companies will likely boost dividends as earnings increase free cash flow and liquid assets, according to UBS AG.

“Companies have unprecedented amounts of cash, and are likely to increase shareholder returns beyond market forecasts,” Shoji Hirakawa, chief equity strategist at UBS in Tokyo, wrote in a report dated June 11.

Hirakawa, who estimates gains of 50 percent in pre-tax profit and 10 percent in capital spending in fiscal 2010, said dividends will jump as much as 30 percent to an aggregate 4.5 trillion yen ($49 billion) this year. The projection, based on data from 952 non-financial companies listed on the Tokyo Stock Exchange’s first section, exceeds corporate forecasts for an average 14 percent increase, according to the report.

UBS is focusing on Takeda Pharmaceutical Co., NTT DoCoMo Inc., Mitsui & Co., Kansai Electric Power Co., Osaka Gas Co., Alps Electric Co. and Sumitomo Trust & Banking Co. among the shares it rates as “buy,” the report said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.