Stable Dividends During Periods of Low Oil Prices and Increased Shareholder Returns Going Forward
First written in FY2016. 13 of 35 entries say "Restated". Latest entry: 2026-08-06.
68 other companies' latest entry also says "Restated".
- FY2026AdvancedAnnual report
「Based on the above policy, the Company plans to pay an annual dividend of ¥65 per share for the fiscal year, including an interim dividend of ¥20 per share.」
Under the policy of maintaining a minimum annual dividend of ¥40 after the stock split, the annual dividend for the fiscal year ending March 2026 was set at ¥65 per share (interim dividend: ¥20; year-end dividend: ¥45). - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 12 November 2025, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥5,135 million (b) Amount per share: ¥20.00」
Under the policy of maintaining a minimum annual dividend of ¥40 per share after the stock split, the Company resolved an interim dividend of ¥20 per share for the fiscal year ending September 2025. - FY2025RaisedAnnual report
「The Company resolved to raise the minimum annual dividend per share under the dividend policy applicable from the fiscal year ending March 2026 from ¥10 to ¥40.」
The Company resolved a policy to raise the minimum annual dividend from ¥10 to ¥40 per share starting with the fiscal year ending March 2026. - FY2025-H1Implementation of treasury share acquisition and cancellation, and conversion to the post-split dividend policyAnnual report
「At a meeting of the Board of Directors held on 10 November 2023, the Company resolved to acquire treasury shares and cancel all treasury shares acquired through that process. At a meeting held on 26 September 2024, however, the Company resolved to change the number of shares to be cancelled to 14,500,000, representing all of the 15,000,000 shares acquired except for the 500,000 shares planned to be disposed of as an incentive for the employee stock ownership plan to be introduced in the future. Regarding shareholder returns, following the stock split carried out at a ratio of 5 common shares for 1 share, effective 1 October 2024, the Company changed its dividend policy to strive to maintain an annual dividend of ¥10 per share even if earnings temporarily deteriorate due to changes in the business environment or other factors.」
The Company disclosed the acquisition of 15,000,000 treasury shares, the cancellation of 14,500,000 shares, and the planned disposal of 500,000 shares for the employee stock ownership plan. It also changed the stated policy to maintaining an annual dividend of ¥10 per share after the stock split. - FY2024Declining dividends and progress in treasury share acquisitionsAnnual report
「Based on this policy, the annual dividend for the fiscal year was set at ¥300 per share (interim dividend: ¥125; year-end dividend: ¥175).」
Under the policy of using a consolidated payout ratio of 30% as a guideline and striving to maintain an annual dividend of ¥50, the annual dividend decreased from ¥370 in the previous year to ¥300. Meanwhile, the treasury share acquisition resolved in November 2023 reached 1,373,000 shares and ¥7,973 million during the year. - FY2024-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2023, the Company resolved matters related to the acquisition of treasury shares and had acquired 510,800 treasury shares by the end of the third-quarter consolidated accounting period. As a result, treasury shares increased by ¥2,772 million during the nine months ended the third quarter, and stood at ¥2,893 million at the end of the third-quarter consolidated accounting period.」
Regarding the treasury share acquisition resolved on 10 November 2023, the Company acquired 510,800 shares by the end of the third quarter, advancing the shareholder return and capital-efficiency measure through its implementation stage. - FY2024-Q2AdvancedAnnual report
「② Total number of shares to be acquired 3,000,000 shares (maximum) (Ratio to total shares issued, excluding treasury shares: 5.53%) ③ Total acquisition cost ¥20,000 million (maximum) ④ Acquisition period 13 November 2023 to 30 August 2024 ⑤ Method of acquisition Market purchases based on a discretionary trading agreement for the acquisition of treasury shares All treasury shares acquired this time will be cancelled to increase shareholder value by reducing the total number of shares issued.」
The Company resolved to acquire up to 3,000,000 treasury shares for ¥20 billion and cancel all acquired shares, with the aim of improving capital efficiency and enhancing shareholder returns. - FY2024-Q2SoftenedAnnual report
「At a meeting of the Board of Directors held on 10 November 2023, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥6,787 million (b) Amount per share: ¥125.00」
The interim dividend was ¥125 per share, down from ¥150 in the same period of the previous year. - FY2023RaisedAnnual report
「Based on this policy, the annual dividend for the fiscal year was set at ¥370 per share (interim dividend: ¥150; year-end dividend: ¥220).」
Under the policy of using a consolidated payout ratio of 30% as a guideline and striving to maintain an annual dividend of ¥50, the annual dividend was ¥370, substantially above the previous year’s ¥50. The treasury share acquisition resolved in the previous year was completed through the cancellation of 2,854,700 shares. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2021, the Company resolved matters related to the acquisition of treasury shares and had acquired 2,854,700 treasury shares by the end of the second-quarter consolidated accounting period. The Company also resolved matters related to the cancellation of treasury shares at the same Board meeting and cancelled 2,854,700 treasury shares on 30 September 2022.」
The treasury share acquisition reached 2,854,700 shares, and the Company moved to the implementation stage of cancelling all acquired shares as of 30 September 2022. - FY2023-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 10 November 2022, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥8,144 million (b) Amount per share: ¥150.00」
The Company resolved an interim dividend of ¥150 per share, indicating a dividend level substantially above its previous policy of maintaining an annual dividend of ¥50. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2021, the Company resolved matters related to the acquisition of treasury shares and had acquired 2,355,100 treasury shares by the end of the first-quarter consolidated accounting period.」
Regarding the treasury share acquisition resolved in November 2021, the number of shares acquired reached 2,355,100 by the end of the first quarter. As of 30 June 2022, treasury shares totaled 2,357,510, or 4.12% of total shares issued. - FY2022ReframedAnnual report
「The basic policy is to pay dividends in line with performance for each period, using a consolidated payout ratio of 30% as a guideline, while striving to maintain an annual dividend of ¥50 per share even if performance temporarily deteriorates due to changes in the business environment or other factors.」
The Company changed from its previous long-term stable dividend policy to a new policy combining performance-linked dividends based on a consolidated payout ratio of 30% as a guideline with efforts to maintain an annual dividend of ¥50. During the year, it acquired 1,440,600 treasury shares. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2021, the Company resolved matters related to the acquisition of treasury shares pursuant to Article 156 of the Companies Act as applied mutatis mutandis pursuant to Article 165, paragraph 3 of the Act, and acquired 537,300 treasury shares during the third-quarter accounting period.」
Regarding the treasury share acquisition resolved in the previous quarter, the Company disclosed that it had actually acquired 537,300 shares by the end of the third-quarter accounting period, moving the shareholder return and capital-efficiency measure into the implementation stage. - FY2022-Q2AdvancedAnnual report
「Based on this, the Company resolved at a meeting of the Board of Directors held on 9 November 2021 to acquire and cancel treasury shares, use part of the proceeds from the sale of those shares to fund the acquisition of treasury shares, return funds to shareholders, and improve capital efficiency. The Company will also cancel all of the treasury shares acquired this time in order to increase shareholder value by reducing the total number of shares outstanding.」
The Company resolved a specific shareholder return and capital-efficiency measure involving the acquisition of up to 3,000,000 treasury shares for ¥8 billion, funded by part of the proceeds from the sale of INPEX shares, and the cancellation of all acquired shares. - FY2020AdvancedAnnual report
「Based on this policy, the annual dividend for the fiscal year was set at ¥50 per share (interim dividend: ¥25; year-end dividend: ¥25).」
Under its long-term stable dividend policy, the annual dividend increased from ¥40 in the previous year to ¥50, with both the interim and year-end dividends set at ¥25. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥1,428 million (b) Amount per share: ¥25.00 (c) Effective date of claims for payment and payment commencement date: 16 December 2019」
The Company disclosed that the ¥25-per-share interim dividend for the fiscal year ended September 2019 was paid on 16 December 2019, confirming the dividend level following the previously resolved increase. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥1,428 million (b) Amount per share: ¥25.00 (c) Effective date of claims for payment and payment commencement date: 16 December 2019」
The interim dividend for the fiscal year ended September 2019 was resolved at ¥25 per share, an increase of ¥15 from ¥10 in the same period of the previous year, making the higher dividend level more concrete. - FY2020-Q1RestatedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 1,714 30 31 March 2019 28 June 2019 Retained earnings」
The Company disclosed that the ¥30 per-share year-end dividend for the fiscal year ended March 2019 was paid on 28 June 2019. This confirms payment of the year-end dividend component of the previous fiscal year’s ¥40 annual dividend. - FY2019AdvancedAnnual report
「For the dividend for the fiscal year, the Company had announced an interim dividend of ¥10 per share and a forecast year-end dividend of ¥10. However, based on the basic policy described above and the consolidated results for the fiscal year, the year-end dividend was set at ¥30 per share. Accordingly, the annual dividend for the fiscal year was set at ¥40 per share (interim dividend: ¥10; year-end dividend: ¥30).」
Under its long-term stable dividend policy, the annual dividend increased from ¥20 in the previous year to ¥40, while the year-end dividend was raised from the forecast ¥10 to ¥30. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2018, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥571 million (b) Amount per share: ¥10.00 (c) Effective date of claims for payment and payment commencement date: 13 December 2018」
The Company disclosed that an interim dividend of ¥10 per share was paid based on 30 September 2018 as the record date, at the same level as the previous year’s interim dividend. - FY2018AdvancedAnnual report
「Based on this policy, the annual dividend for the fiscal year was set at ¥20 per share (interim dividend: ¥10; year-end dividend: ¥10).」
While maintaining a long-term stable dividend as its basic policy, the annual dividend increased from ¥15 in the previous year to ¥20. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2017, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥571 million (b) Amount per share: ¥10.00 (c) Effective date of claims for payment and payment commencement date: 13 December 2017」
The Company disclosed an interim dividend of ¥10 per share for the current period, maintaining the previously disclosed level. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2017, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥571 million (b) Amount per share: ¥10.00 (c) Effective date of claims for payment and payment commencement date: 13 December 2017」
The interim dividend for the current period was resolved at ¥10 per share, and the Company disclosed a dividend at the same level as the previous year-end dividend. - FY2018-Q1RestatedAnnual report
「28 June 2017 Annual General Meeting of Shareholders Common shares 571 10 31 March 2017 29 June 2017 Retained earnings」
The year-end dividend for the fiscal year ended March 2017 was paid at ¥10 per share, confirming that the dividend level had declined from the previous year. - FY2017SoftenedAnnual report
「Accordingly, the annual dividend for the fiscal year was set at ¥15.00 per share (interim dividend: ¥5.00; year-end dividend: ¥10.00).」
While maintaining a long-term stable dividend policy, the annual dividend for the year was ¥15 per share, down from ¥50 per share in the previous year. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2016, the Company resolved the following regarding the interim dividend for the current period. (a) Total interim dividends: ¥285 million (b) Amount per share: ¥5.00 (c) Effective date of claims for payment and payment commencement date: 13 December 2016」
The interim dividend for the current period was set at ¥5 per share, implementing the previously disclosed interim dividend level. - FY2017-Q2SoftenedAnnual report
「At a meeting of the Board of Directors held on 8 November 2016, the Company resolved the following regarding the interim dividend for the current period. (b) Amount per share: ¥5.00」
The interim dividend for the current period was disclosed at ¥5 per share, down from ¥25 per share for the interim period of the previous year. No reason for the change in dividend policy was stated. - FY2016First statedAnnual report
「・Maintain stable dividends during periods of low oil prices. ・Enhance shareholder returns by raising dividend levels when oil prices recover in the future and ongoing projects reach the stage of realizing earnings.」
The Company targets stable dividends during periods of low oil prices and higher dividend levels once earnings are realized.