Stable Dividends and Business and Capital Investment Funded by Retained Earnings
First written in FY2016. 7 of 14 entries say "Restated". Latest entry: 2026-11-12.
78 other companies' latest entry also says "Restated".
- FY2025SoftenedAnnual report
「Taking comprehensive account of business performance and strengthening our corporate foundation, as well as growing social awareness of management that takes account of the cost of capital and enhanced shareholder returns, we will enhance shareholder returns using a payout ratio of 30% as a guideline.」
The wording changed from “a minimum payout ratio of 30% as a guideline,” as stated in the previous fiscal year, to “a payout ratio of 30% as a guideline,” removing the explicit indication that 30% was a minimum level. The dividend for the current fiscal year, however, is ¥70 per share. - FY2024RaisedAnnual report
「Taking comprehensive account of business performance and strengthening our corporate foundation, as well as growing social awareness of management that takes account of the cost of capital and enhanced shareholder returns, we will enhance shareholder returns using a minimum payout ratio of 30% as a guideline.」
The company previously had a policy of not setting a specific payout ratio target, but newly stated a shareholder return policy using a minimum payout ratio of 30% as a guideline. - FY2022AdvancedAnnual report
「Because our performance is significantly affected by egg prices, we do not set a target for a specific payout ratio, but we will increase dividends when performance significantly exceeds expectations.」
While not setting a specific payout ratio, the company continues its policy of increasing dividends when performance exceeds expectations and actually raised the dividend to ¥15 per share in the current fiscal year. - FY2021Conditions for increasing dividends when performance exceeds expectations specifiedAnnual report
「Because the performance of our group is significantly affected by egg prices, we do not set a target for a specific payout ratio, but we will increase dividends when performance significantly exceeds expectations.」
The company explicitly stated that, while maintaining its stable dividend policy without setting a specific payout ratio, it intends to increase dividends when performance significantly exceeds expectations. - FY2020RestatedAnnual report
「We regard returning profits to shareholders as one of our most important management issues and have adopted a basic policy of paying stable dividends, taking comprehensive account of business performance and strengthening our corporate foundation. Because the performance of our group is significantly affected by egg prices, we emphasize stable dividends and do not set a target for a specific payout ratio.」
The company has reaffirmed its policy of stable dividends and strengthening facilities and business activities through retained earnings, explaining that it does not set a specific payout ratio target in light of fluctuations in egg prices. - FY2019RestatedAnnual report
「We regard returning profits to shareholders as one of our most important management issues and have adopted a basic policy of paying stable dividends, taking comprehensive account of business performance and strengthening our corporate foundation. Retained earnings will be reserved primarily for effective investments to strengthen our corporate foundation and future business activities, as well as production and manufacturing facilities that meet market needs.」
The company has reaffirmed its capital allocation policy of stable dividends and investing retained earnings in facilities and business activities. - FY2018RestatedAnnual report
「We regard returning profits to shareholders as one of our most important management issues and have adopted a basic policy of paying stable dividends, taking comprehensive account of business performance and strengthening our corporate foundation.」
The company continues its policy of stable dividends and using retained earnings to strengthen its corporate foundation, future business activities, production facilities and manufacturing facilities. - FY2017RestatedAnnual report
「We regard returning profits to shareholders as one of our most important management issues and have adopted a basic policy of paying stable dividends, taking comprehensive account of business performance and strengthening our corporate foundation.」
The company continues its policy of stable dividends and investing retained earnings to strengthen its corporate foundation, production facilities and manufacturing facilities. - FY2016First statedAnnual report
「We regard returning profits to shareholders as one of our most important management issues and have adopted a basic policy of paying stable dividends, taking comprehensive account of business performance and strengthening our corporate foundation.」
For shareholder returns, the company has adopted stable dividends as its basic policy and indicated that retained earnings will be used to strengthen its corporate foundation and make effective investments in production and manufacturing facilities.