Stable Dividends and Payout Ratio Targets
First written in FY2016. 18 of 27 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-09-16.
31 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Dividend-on-equity ratio (DOE) 4.7% At least 3.5% Total payout ratio 66.2% Approximately 70.0%」
Under the Medium-Term Management Plan 2027 policy of DOE of at least 3.5% and a total payout ratio of approximately 70%, FY2025 actual results were disclosed as DOE of 4.7% and a total payout ratio of 66.2%. The annual dividend for the fiscal year ending March 2026 is expected to total ¥58 per share, comprising an interim dividend of ¥20 and a year-end dividend of ¥38. - FY2026-H1AdvancedAnnual report
「Regarding the interim dividend for the 103rd fiscal year (from 1 April 2025 to 31 March 2026), the Board of Directors resolved at its meeting held on 13 November 2025 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2025 as follows.」
An interim dividend of ¥20 per share, totaling ¥6.076 billion, was approved. This was an increase from the previous fiscal year's interim dividend of ¥14.50 per share. - FY2025RaisedAnnual report
「In the document titled “Formulation of the TODA Group Medium-Term Management Plan 2027,” published on 15 May 2025, the targets from the fiscal year ending March 2026 are set at DOE (dividend-on-net-assets ratio) of at least 3.5% and a total payout ratio of approximately 70%, taking into account dialogue with shareholders and investors, the Group's business performance and financial position, and the future operating environment.」
The shareholder return targets were raised from DOE of at least 2.5% and a total payout ratio of at least 40% to DOE of at least 3.5% and a total payout ratio of approximately 70% from the fiscal year ending March 2026 onward. - FY2025-H1AdvancedAnnual report
「The total dividend approved by the Board of Directors on 13 November 2024 includes ¥36 million in dividends on the Company's shares held by the executive compensation BIP trust and the share-based ESOP trust.」
An interim dividend of ¥14.50 per share, totaling ¥4.381 billion, was approved based on a record date of the end of September 2024. In addition, approximately ¥5 billion was spent on treasury share acquisitions, implementing shareholder returns. - FY2024AdvancedAnnual report
「With the aim of providing direct returns to shareholders and shareholder returns through medium- to long-term share price appreciation, the policy is to maintain DOE of at least 2.5% and a total payout ratio of at least 40%. Including the interim dividend, the total dividend for the fiscal year will be ¥28 per share.」
The policy of DOE of at least 2.5% and a total payout ratio of at least 40% was maintained. The annual dividend was ¥28 per share, and 5,492,400 treasury shares were acquired during the fiscal year for approximately ¥5 billion. - FY2024-Q3AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 13 November 2023, the Company acquired 2,969,200 common shares during the third-quarter accounting period.」
Regarding the treasury share acquisition approved in FY2024-Q2, 2,969,200 shares were acquired during the third-quarter accounting period. - FY2024-Q2AdvancedAnnual report
「Total number of shares that may be acquired 7,500,000 shares (maximum; 2.4% of total issued shares excluding treasury shares) Total acquisition cost ¥5,000 million (maximum) Acquisition period 14 November 2023–13 November 2024 Acquisition method Market purchases on the Tokyo Stock Exchange」
The acquisition of up to 7.5 million treasury shares, for a total amount of up to ¥5 billion, was approved to enhance shareholder returns and enable flexible capital policy. The acquisition period was set from 14 November 2023 to 13 November 2024. - FY2024-Q2AdvancedAnnual report
「Regarding the interim dividend for the 101st fiscal year (from 1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 13 November 2023 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2023 as follows: ① Total dividend ¥4,375 million ② Dividend per share ¥14.00 ③ Effective date of the right to claim payment and payment commencement date 8 December 2023.」
An interim dividend of ¥14 per share was approved, an increase from the previous fiscal year's interim dividend of ¥13.50 per share. - FY2023AdvancedAnnual report
「Based on the policy described above, a dividend of ¥13.50 per share was decided for the fiscal year ending March 2023. Including the interim dividend, the total dividend for the fiscal year will be ¥27 per share.」
Under the policy of DOE of at least 2.5% and a total payout ratio of at least 40%, a year-end dividend of ¥13.50 per share was decided following the interim dividend of ¥13.50 per share in November 2022, resulting in an annual dividend of ¥27 per share. - FY2023-Q2AdvancedAnnual report
「At a meeting held on 11 November 2022, the Board of Directors resolved to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2022 as follows: ① Total dividend ¥4,196 million ② Dividend per share ¥13.50」
Following the introduction of the interim dividend system, an interim dividend was formally approved on 11 November 2022, totaling ¥4.196 billion, or ¥13.50 per share. - FY2022-Q3RaisedAnnual report
「With the aim of providing direct returns to shareholders and shareholder returns through medium- to long-term share price appreciation, the new return targets were set at DOE of at least 2.5%. The total payout ratio, however, will be at least 40%.」
The shareholder return targets under the Medium-Term Management Plan 2024 were raised from DOE of approximately 2.0% and a payout ratio of approximately 30% to DOE of at least 2.5% and a total payout ratio of at least 40%. - FY2022-Q2AdvancedAnnual report
「Regarding the interim dividend for the 99th fiscal year (from 1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 15 November 2021 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2021.」
Following the policy to introduce an interim dividend system, an interim dividend was formally approved on 15 November 2021. The total dividend was ¥3.074 billion, or ¥10 per share, with payments beginning on 13 December 2021. - FY2021ReframedAnnual report
「Our basic policy on profit allocation is to return profits to shareholders by securing the retained earnings essential to strengthening competitiveness and our financial position, and by maintaining stable dividends after taking into account business performance and the operating environment. In the document titled “Formulation of the TODA Construction Group Medium-Term Management Plan 2024,” published on 29 May 2020, the targets for FY2024 are set at a dividend-on-equity ratio (DOE) of approximately 2.0% and a payout ratio of approximately 30%.」
While maintaining the targets of DOE of approximately 2.0% and a payout ratio of approximately 30%, the policy was changed to expand opportunities for profit distribution following the resolution to introduce an interim dividend system at the Annual General Meeting of Shareholders in June 2021. - FY2020ReframedAnnual report
「Dividend-on-equity ratio (DOE) Approximately 2.0% Payout ratio Approximately 30.0%」
While maintaining the target payout ratio of approximately 30%, the policy was organized around a comprehensive shareholder return metric that also includes DOE. - FY2019RestatedAnnual report
「The consolidated target total payout ratio for FY2019 is approximately 30%.」
Stable dividends remain the basic policy, and the target total payout ratio of approximately 30% for FY2019 has been maintained. - FY2018RestatedAnnual report
「The consolidated target total payout ratio for FY2019 is approximately 30%.」
Stable dividends remain the basic policy, with a target total payout ratio of approximately 30%. The actual ratio for FY2017 was 34.1%, and the dividend for the fiscal year was ¥20 per share. - FY2017ReframedAnnual report
「The consolidated target total payout ratio for FY2019 is set at approximately 30%.」
The shareholder return metric was changed from the former payout ratio target to a total payout ratio of approximately 30%, combining dividends and share repurchases. - FY2016First statedAnnual report
「The consolidated target payout ratio for FY2017 is set at 20%–30%.」
The policy is to continue paying stable dividends while securing retained earnings and maintaining a sound financial position, with the consolidated target payout ratio for FY2017 set at 20%–30%.