Balancing Stable Dividends with Growth Investments
First written in FY2016. 6 of 29 entries say "Restated". Latest entry: FY2026.
25 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Our basic policy is to build retained earnings to strengthen our financial position as the foundation for long-term growth and to maintain progressive dividends. We aim for a dividend on equity (DOE) ratio of 3%.」
Under the policy of maintaining progressive dividends, the company disclosed a DOE target of 3% and actual results of an annual dividend of ¥45.5 and DOE of 3.1%. - FY2025ReframedAnnual report
「Our basic policy has been to maintain stable dividends, gradually raise dividend levels without reducing dividends, and implement an effective progressive dividend policy. To make clear our intention to continue progressive dividends, we have decided to state this explicitly in our dividend policy. In addition, by adopting the dividend on equity (DOE) ratio in place of the consolidated dividend payout ratio, which is susceptible to the impact of temporary fluctuations in performance, we aim to enhance shareholder returns on a stable basis over the medium to long term.」
In addition to implementing an annual dividend of ¥35.5 and a consolidated dividend payout ratio of 25.2%, the company resolved to explicitly continue progressive dividends from the fiscal year ending March 2026 and to change the policy metric from the dividend payout ratio to DOE. - FY2024¥27 annual dividend and 20.3% dividend payout ratio implementedAnnual report
「The year-end dividend for the fiscal year was set at ¥14.5 per share after comprehensively considering the year's results, financial position and other factors under the policy described above. Including the ¥12.5 interim dividend, the annual dividend for the fiscal year was ¥27.0 per share. As a result, the consolidated dividend payout ratio for the fiscal year was 20.3%.」
The annual dividend increased from ¥25 in the previous fiscal year to ¥27. However, against the policy of targeting a consolidated dividend payout ratio of at least 25%, the actual ratio for the fiscal year was 20.3%. - FY2024-Q3RestatedAnnual report
「8 November 2023 Board of Directors Common stock 480 12.5 30 September 2023 1 December 2023 Retained earnings」
Regarding the interim dividend with a record date of 30 September 2023, the company resolved to pay ¥12.50 per share, totaling ¥480 million, and paid it on 1 December 2023. - FY2024-Q2RestatedAnnual report
「8 November 2023 Board of Directors Common stock 480 12.5 30 September 2023 1 December 2023 Retained earnings」
Regarding the interim dividend with a record date of 30 September 2023, the company resolved to pay ¥12.50 per share, totaling ¥480 million. - FY2023¥25 annual dividend and 92.6% consolidated dividend payout ratio implementedAnnual report
「Including the ¥12.5 interim dividend, the annual dividend for the fiscal year was ¥25 per share. As a result, the consolidated dividend payout ratio for the fiscal year was 92.6%.」
Under the policy of targeting a consolidated dividend payout ratio of at least 25%, the company maintained an annual dividend of ¥25, while the dividend payout ratio for the fiscal year was 92.6%. - FY2023-Q2¥12.50 interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 8 November 2022, the company resolved to pay a dividend from retained earnings as follows. (a) Total dividends: ¥480 million (b) Dividend per share: ¥12.50」
As an interim dividend with a record date of 30 September 2022, the company resolved to pay a total of ¥480 million, or ¥12.50 per share. - FY2023-Q1¥12.50 year-end dividend paidAnnual report
「18 May 2022 Board of Directors Common stock 480 12.5 31 March 2022 6 June 2022 Retained earnings」
For the year-end dividend for the fiscal year ended March 2022, ¥12.50 per share, totaling ¥480 million, was paid. - FY2022¥25 annual dividend and 26.4% consolidated dividend payout ratio implementedAnnual report
「The year-end dividend for the fiscal year was set at ¥12.50 per share after comprehensively considering the year's results, financial position and other factors under the policy described above. Including the ¥12.50 interim dividend, the annual dividend for the fiscal year was ¥25 per share. As a result, the consolidated dividend payout ratio for the fiscal year was 26.4%.」
Under the policy of maintaining a consolidated dividend payout ratio of at least 25%, the company disclosed an annual dividend of ¥25 and an actual consolidated dividend payout ratio of 26.4%. - FY2022-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2021, the company resolved to pay a dividend from retained earnings as follows. (a) Total dividends: ¥481 million (b) Dividend per share: ¥12.50」
The resolution of a ¥12.50 interim dividend with a record date of 30 September 2021 is restated. - FY2022-Q2¥12.50 interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 8 November 2021, the company resolved to pay a dividend from retained earnings as follows. (a) Total dividends: ¥481 million (b) Dividend per share: ¥12.50」
As an interim dividend with a record date of 30 September 2021, the company resolved to pay a total of ¥481 million, or ¥12.50 per share. - FY2022-Q1¥12.50 dividend per share paid after the share consolidationAnnual report
「25 June 2021 Annual General Meeting of Shareholders Common stock 493 12.5 31 March 2021 28 June 2021 Retained earnings」
For the fiscal year ended March 2021, a dividend of ¥12.50 per share after the share consolidation, totaling ¥493 million, was paid. - FY2021-Q2¥2.50 interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 5 November 2020, the company resolved to pay a dividend from retained earnings as follows. (a) Total dividends: ¥493 million (b) Dividend per share: ¥2.50」
As an interim dividend with a record date of 30 September 2020, the company resolved to pay a total of ¥493 million, or ¥2.50 per share. The amount is stated before the share consolidation. - FY2021-Q1¥5 dividend per share paidAnnual report
「At a meeting of the Board of Directors held on 18 May 2020, the company resolved to pay a dividend from retained earnings as follows. (a) Total dividends: ¥986 million (b) Dividend per share: ¥5.00」
For the fiscal year ended March 2020, the company resolved to pay a dividend totaling ¥986 million, or ¥5 per share, and paid it on 5 June 2020. - FY2020RaisedAnnual report
「Our basic policy is to maintain stable dividends and build retained earnings to strengthen our financial position as the foundation for long-term growth. We aim for a consolidated dividend payout ratio of at least 25%. We intend to use retained earnings effectively to fund investments that will maintain and enhance our competitiveness over the long term.」
In addition to its policy of stable dividends and investment for growth, the company established a clear target of a consolidated dividend payout ratio of at least 25%. It also increased the dividend per share from ¥4.50 to ¥5.00, resulting in a consolidated dividend payout ratio of 25.6%. - FY2020-Q3RestatedAnnual report
「Common stock 888 4.5」
The payment on 24 June 2019 of a dividend of ¥4.50 per share, totaling ¥888 million, is restated. - FY2020-Q2Continued payment of a ¥4.50 per-share dividendAnnual report
「Common stock 888 4.5」
A dividend of ¥4.50 per share, totaling ¥888 million, was paid on 24 June 2019. - FY2020-Q1Continued payment of a ¥4.50 per-share dividendAnnual report
「Common stock 888 4.5」
A dividend of ¥4.50 per share, totaling ¥888 million, was paid on 24 June 2019. - FY2019-Q1Continued payment of a ¥4.50 per-share dividendAnnual report
「Common shares 886 4.5」
Based on a resolution at the ordinary general meeting of shareholders held on 28 June 2018, the company paid a dividend of ¥4.50 per share, totaling ¥886 million, on 29 June 2018. - FY2018-Q1Payment of a ¥4.50 per-share dividendAnnual report
「Common shares 886 4.5」
Based on a resolution at the ordinary general meeting of shareholders held on 29 June 2017, the company paid a dividend of ¥4.50 per share, totaling ¥886 million. - FY2017Dividend per share increased to ¥4.50Annual report
「After comprehensively considering its financial position, payout ratio and other factors, the company set the year-end ordinary dividend at ¥4.50 per share.」
Under its policy of making stable dividend payments, the company set the year-end ordinary dividend at ¥4.50 per share. - FY2017-Q1Payment of dividends, including a commemorative dividendAnnual report
「Common shares 788 (¥ million) Dividend per share ¥4」
For the dividend for the fiscal year ended March 2016, the company paid ¥4 per share, of which ¥1 was described as a commemorative dividend marking full integration. - FY2016First statedAnnual report
「We place importance on providing stable returns to shareholders and, while making stable dividend payments as our basic policy by strengthening our management base, we also intend to pay dividends in line with performance. At the same time, we will retain earnings in a balanced manner to fund investment in new and existing businesses.」
The policy is to combine stable dividends as the basic approach with performance-linked dividends and retained earnings for investment in new and existing businesses.