Stable and Sustainable Shareholder Returns Based on Corporate Fundamentals and Future Investment
First written in FY2016. 7 of 10 entries say "Restated". Latest entry: 2026-08-10.
81 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We regard the return of profits to shareholders as one of the most important management policies. Our basic policy is to pay more stable dividends in line with business performance while securing retained earnings necessary for investment in future growth. Specifically, from the perspective of providing stable dividends regardless of business performance, we set a dividend-on-equity ratio (DOE) of 2.5% as the minimum dividend level. We then use as the basis for total dividends whichever is higher, the total dividend amount calculated using a 2.5% DOE or the total dividend amount calculated using a 30% payout ratio.」
The company continues its dividend policy of securing retained earnings necessary for future investment, setting DOE of 2.5% as the minimum and using whichever is higher, the DOE-based or 30% payout-ratio-based amount. - FY2024RestatedAnnual report
「Specifically, from the perspective of providing stable dividends regardless of business performance, we set a dividend-on-equity ratio (DOE) of 2.5% as the minimum dividend level. The basic policy is to use as the basis for total dividends whichever is higher, the total dividend amount calculated using a 2.5% DOE or the total dividend amount calculated using a 30% payout ratio, and to pay dividends after comprehensively considering the profit position for each fiscal year, future business development and other factors.」
The company continues its policy of setting DOE of 2.5% as the minimum and adopting whichever produces the higher total dividend amount, the DOE-based or 30% payout-ratio-based standard. - FY2022ReframedAnnual report
「Specifically, from the perspective of providing stable dividends regardless of business performance, we set a dividend-on-equity ratio (DOE) of 2.5% as the minimum dividend level. The basic policy is to use as the basis for total dividends whichever is higher, the total dividend amount calculated using a 2.5% DOE or the total dividend amount calculated using a 30% payout ratio, and to pay dividends after comprehensively considering the profit position for each fiscal year, future business development and other factors.」
In addition to the previous 30% dividend payout ratio target, the company has introduced a new dividend standard under which DOE of 2.5% serves as the minimum and the higher of the DOE-based and payout-ratio-based amounts is adopted. - FY2020RestatedAnnual report
「We regard the return of profits to shareholders as one of the most important management policies. To meet the expectations of our shareholders who hold our shares, we will pay dividends linked to performance. We will also consider the balance with financial soundness required for sustainable growth and to prepare for business risks, and for the time being will set a dividend payout ratio target of 30% of annual net income.」
The company continues to apply a policy of performance-linked dividends and a 30% dividend payout ratio target, taking into account the balance with financial soundness and growth investment. - FY2019RestatedAnnual report
「We will also consider the balance with financial soundness required for sustainable growth and to prepare for business risks, and for the time being will set a dividend payout ratio target of 30% of annual net income.」
The company continues to apply a basic policy of performance-linked dividends and a 30% dividend payout ratio target, taking into account the balance with financial soundness and growth investment. - FY2017ReframedAnnual report
「We regard the return of profits to shareholders as one of the most important management policies. To meet the expectations of our shareholders who hold our shares, we will pay dividends linked to performance. We will also consider the balance with financial soundness required for sustainable growth and to prepare for business risks, and for the time being will set a dividend payout ratio target of 30% of annual net income.」
The company is moving from its previous policy of stable and continuous profit returns to a policy that explicitly sets performance-linked dividends and a dividend payout ratio target of 30% of net income. - FY2016First statedAnnual report
「With regard to profit allocation, our basic policy is to strengthen and enhance our corporate structure, taking into consideration future business development, while providing stable and continuous returns to shareholders.」
The company has stated a policy of balancing a stronger financial base and future business with stable and continuous dividends.