JB Financial to Raise Shareholder Return Ratio to 50%... Targeting 45% in 3 Years

JB Financial Group is set to actively pursue a corporate value enhancement plan that aims to increase the long-term return on equity (ROE) to 15%, the shareholder return ratio to 50%, and the proportion of treasury stock repurchases and cancellations to 40%.

On the 24th, JB Financial announced this "corporate value enhancement plan," which focuses on improving the group's profitability and expanding shareholder returns. Along with this long-term plan, JB Financial also presented a three-year execution strategy to enhance corporate value by 2026.

JB Financial plans to maintain a stable Common Equity Tier 1 (CET1) ratio and keep the ROE above 13% until 2026, while gradually increasing the shareholder return ratio each year to reach 45% in three years. Additionally, for shareholder returns exceeding a dividend payout ratio of 28%, the company intends to pursue treasury stock repurchases and cancellations. JB Financial stated, "We will continue to implement this corporate value enhancement plan until the price-to-book ratio (PBR) reaches 1."

JB Financial said, "In 2023, we have maintained a stable CET1 ratio above 12%, and we are making our best efforts to expand shareholder returns, including conducting treasury stock repurchases and cancellations." It added, "Going forward, JB Financial Group plans to concentrate its capabilities to swiftly achieve the announced 'mid- to long-term corporate value enhancement' plan."

Meanwhile, on the 30th, JB Financial will hold the 'JB Financial Group Capital Markets Day (JBFG's Capital Markets Day)' to strengthen communication with investors and help them understand the corporate value enhancement plan through a briefing session.