Shareholder Returns Based on a Total Payout Ratio of 50% or More and the PEG Ratio
First written in FY2016. 8 of 16 entries say "Restated". Latest entry: 2026-08-07.
38 other companies' latest entry also says "Restated".
- FY2026RaisedAnnual report
「For the period covered by the medium-term management plan announced in November 2025, from the fiscal year ending March 2026 through the fiscal year ending March 2029, the company plans to provide earnings-linked returns based on a payout ratio of at least 100% of net income attributable to owners of the parent, while maintaining a minimum dividend of ¥10 per share, and will seek to maintain stable dividends.」
The company raised its policy from one based on a 60% payout ratio to one for the fiscal years ending March 2026 through March 2029 based on a payout ratio of at least 100% and a minimum dividend of ¥10 per share. - FY2026-H1RestatedAnnual report
「The annual dividend forecast remains unchanged at ¥162.72. The forecast third-quarter and year-end dividends are each scheduled to be ¥38.96, on a pre-stock-split basis.」
The company maintained its annual dividend forecast at ¥162.72 and continues its policy of providing returns through dividends. - FY2025RaisedAnnual report
「For the current fiscal year, under the rolling plan for the Fourth Medium-Term Management Plan announced in November 2024, the company plans to pay out 60% of net income attributable to owners of the parent as dividends and allocate the remaining 40% to investment in human capital, a growth driver. For the next fiscal year, because investment in human capital is treated as personnel expenses for accounting purposes and funding for business operations during the plan period has been secured, the company plans to provide returns based on a payout ratio of 100% of net income attributable to owners of the parent after investment in human capital.」
For FY2025, the company will maintain a payout ratio of 60%, while for the next fiscal year it plans to use profit after investment in human capital as the basis for a 100% payout ratio, thereby raising the level of shareholder returns. - FY2025-H1RestatedAnnual report
「The forecast annual dividend per share is calculated at a payout ratio of 60% based on ¥171.09 per share, which is the forecast net income attributable to owners of the parent divided by the number of shares assuming that all stock acquisition rights are exercised.」
Although the annual dividend forecast was revised following a downward revision to the earnings forecast, the shareholder return policy based on a payout ratio of 60% remains unchanged. - FY2024RestatedAnnual report
「Under the rolling plan for the Fourth Medium-Term Management Plan, the company changed its shareholder return policy, with the aim of strengthening profit returns to shareholders, to provide profit returns through dividends based on a payout ratio of 60%.」
For the full fiscal year, the company confirmed its change from a policy of combining dividends and share repurchases based on a total payout ratio of 30% to a dividend policy based on a payout ratio of 60%. - FY2024-Q3ReframedAnnual report
「The company will shift from providing a total payout ratio of 30% through dividends or share repurchases to making stable returns through dividends based on a payout ratio of 60%.」
The company changed from its previous policy of combining dividends and share repurchases based on a total payout ratio of 30% to a stable dividend policy based on a payout ratio of 60%. It is reviewing both the return metric and the means of providing returns. - FY2023RestatedAnnual report
「The company's basic policy is to provide optimal shareholder returns by combining dividends and share repurchases that contribute to improving capital efficiency, using a total payout ratio of at least 30% as the benchmark and making a comprehensive assessment of the share price level, business environment and other factors.」
The company continues its policy of combining dividends and share repurchases, using a total payout ratio of at least 30% as the benchmark. - FY2022RestatedAnnual report
「The Group places importance on returning profits to shareholders and, taking into account future business development and changes in the operating environment, will continue to pursue shareholder returns under its basic policy of maintaining a total payout ratio of at least 30%.」
The company continues to maintain a shareholder return policy based on a total payout ratio of at least 30%. - FY2019RestatedAnnual report
「The company's basic dividend policy is to build retained earnings to strengthen its corporate base and support future business development, while maintaining a total payout ratio of at least 30%.」
The company continues to maintain a shareholder return policy based on a total payout ratio of at least 30%. - FY2018SoftenedAnnual report
「The company's basic dividend policy is to build retained earnings to strengthen its corporate base and support future business development, while maintaining a total payout ratio of at least 30%.」
The basic total payout ratio policy has been reduced from at least 50% to at least 30%. - FY2016First statedAnnual report
「The company's basic dividend policy is to build retained earnings to strengthen its corporate base and support future business development, while maintaining a total payout ratio of at least 50%.」
The company seeks to balance retained earnings with shareholder returns and has a basic policy of maintaining a total payout ratio of at least 50%. It also describes a PEG ratio policy combining dividends and share repurchases according to the share price level.