Tovis to Resume Treasury Share Buybacks and Cancellations in Q3 This Year

Tovice will continue its shareholder return policy even after establishing an independent management system through the spin-off.

According to Tovice on July 27, the company will allocate approximately 30% of standalone net income for shareholder returns each year from 2026 through 2028, in line with the "three-year shareholder return policy" announced at the end of last year. Of this, around 20% will be used for the acquisition and cancellation of treasury shares, and about 10% will be allocated to cash dividends.

Tovice previously cancelled all 779,797 treasury shares it owned, worth 8.26 billion won, in January this year. This was followed by the additional acquisition of treasury shares worth 2 billion won on the open market in February, which were also fully cancelled. The total value of treasury shares cancelled from late last year through early this year amounts to 10.26 billion won.

The company has also continued its shareholder return policy through cash dividends. At the regular general shareholders’ meeting in March, Tovice paid a cash dividend of 350 won per common share for the 2025 year-end dividend, totaling 5.27 billion won. The per-share dividend has steadily increased from 160 won in 2023, to 300 won in 2024, and to 350 won in 2025.

Through the spin-off, Tovice established an independent management structure focused on its casino and industrial display business, separating the in-vehicle electronic display business into the newly formed company Neoview. The company, which had temporarily suspended additional treasury share buybacks and cancellations due to the spin-off process, plans to resume these activities from the third quarter. Even after the launch of the independent management system, Tovice aims to faithfully carry out its existing three-year shareholder return policy, securing policy continuity and market trust.

A Tovice official said, "The spin-off was intended to enhance the specialization and management efficiency of each business, and there is no change to the existing shareholder return policy. Under the independent management system, we will strengthen the competitiveness and profitability of the casino display business, and continue to enhance shareholder value by maintaining stable cash dividends and treasury share cancellations."

This content was produced with the assistance of AI translation services.