Komori
Morinaga Milk Industry (2264) · PolicyAdvanced

Continuing Stable Dividends While Taking Retained Earnings into Account

First written in FY2016. 17 of 30 entries say "Restated". Latest entry: FY2026.

30entries
11years
3from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRaisedFY2022 – FY2024-Q1AdvancedFY2024 – FY2026-H12016: 320162017: 420172018: 420182019: 320192020: 320202021: 320212022: 120222023: 120232024: 320242025: 120252026: 42026
Same theme, other companies
Stable and Sustainable Shareholder Returns and Dividend Increase PolicyA theme 1081 companies write about · 2 as a headwind · 1105 as a tailwind

31 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 193 companies compared. The sentences above are computed from all 193.Comparing 200 of the theme's 1107 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「With respect to shareholder dividends for the fiscal year, the Company plans to pay an interim dividend of ¥45 per share and intends to resolve to pay a year-end dividend of ¥55 per share in accordance with the policy described above. As a result, the consolidated dividend payout ratio for the consolidated fiscal year is expected to be 36.2%.」

    The Company has set a dividend payout ratio target of 40%, paid an interim dividend of ¥45 per share and plans to pay a year-end dividend of ¥55, for an annual dividend of ¥100.
  2. FY2026-H1RaisedAnnual report

    「The Company plans to raise its dividend payout ratio target from 30% to 40% and to make flexible purchases of treasury shares as circumstances warrant. In addition, it plans to purchase and cancel approximately ¥10 billion of treasury shares in the fiscal year ending March 2026.」

    The Company raised its dividend payout ratio target from 30% to 40% and announced flexible purchases of treasury shares, including purchases and cancellations of approximately ¥10 billion in the fiscal year ending March 2026.
  3. FY2025-H1AdvancedAnnual report

    「Board of Directors meeting held on 8 November 2024 Common shares 3,804 Retained earnings 45 30 September 2024 5 December 2024」

    Based on the policy of introducing an interim dividend system, the Company resolved to pay an interim dividend of ¥45 per share. The annual dividend for the fiscal year ending March 2025 is forecast at ¥90 per share.
  4. FY2024AdvancedAnnual report

    「To enhance opportunities to return value to shareholders, the Company will introduce an interim dividend system from fiscal 2024. Pursuant to a resolution at the 101st Annual General Meeting of Shareholders held on 27 June 2024, the Articles of Incorporation provide that an interim dividend may be paid each year, with 30 September as the record date, based on a resolution of the Board of Directors.」

    While maintaining its policy of targeting a 30% dividend payout ratio, the Company introduced an interim dividend system from fiscal 2024. The dividend for the fiscal year ended March 2024 was ¥60 per share on a post-share-split basis, and the forecast for the fiscal year ending March 2025 is ¥90.
  5. FY2024-Q3RestatedAnnual report

    「With respect to shareholder returns, our basic policy remains to provide stable, long-term dividends, and we will raise the dividend payout ratio target from the previous 20% to 30%. We will also take measures with an awareness of the total shareholder return ratio.」

    The Company continues its stable, long-term dividend policy, 30% dividend payout ratio target and policy of taking the total shareholder return ratio into consideration.
  6. FY2024-Q1AdvancedAnnual report

    「29 June 2023 Annual General Meeting of Shareholders Common shares 4,071 Retained earnings 90 31 March 2023 30 June 2023」

    While maintaining its stable, long-term dividend policy and 30% dividend payout ratio target, the Company increased the dividend per share from ¥80 in the previous fiscal year to ¥90.
  7. FY2022RaisedAnnual report

    「Our basic policy is to achieve stable, long-term dividends, and we will raise the dividend payout ratio target from the previous 20% to 30%.」

    While maintaining its stable, long-term dividend policy, the Company raised its dividend payout ratio target from 20% to 30%. The dividend for the fiscal year was ¥80 per share.
  8. FY2022-Q1RestatedAnnual report

    「29 June 2021 Annual General Meeting of Shareholders Common shares 3,464 Retained earnings 70 31 March 2021 30 June 2021」

    The Company reported a ¥70 per share dividend, reaffirming results consistent with its stable, long-term dividend policy.
  9. FY2021AdvancedAnnual report

    「With respect to dividends to shareholders for the fiscal year, the Company resolved to pay ¥70 per share in accordance with the policy described above. As a result, the consolidated dividend payout ratio for the consolidated fiscal year is expected to be 18.5%, while the dividend payout ratio for the fiscal year is expected to be 30.0%.」

    The Company maintained its stable, long-term dividend policy targeting a consolidated dividend payout ratio of approximately 20%, and increased the dividend per share from ¥60 in the previous fiscal year to ¥70.
  10. FY2021-Q3RestatedAnnual report

    「26 June 2020 Annual General Meeting of Shareholders Common shares 2,968 Retained earnings 60 31 March 2020 29 June 2020」

    The Company reported a ¥60 per share dividend, reaffirming results consistent with its stable, long-term dividend policy.
  11. FY2021-Q1RestatedAnnual report

    「26 June 2020 Annual General Meeting of Shareholders Common shares 2,968 Retained earnings 60 31 March 2020 29 June 2020」

    Under its stable, long-term dividend policy targeting a consolidated dividend payout ratio of approximately 20%, the Company paid a dividend of ¥60 per share.
  12. FY2020AdvancedAnnual report

    「With respect to dividends to shareholders for the fiscal year, the Company resolved to pay ¥60 per share in accordance with the policy described above.」

    The Company maintained its stable, long-term dividend policy, with a consolidated dividend payout ratio target of approximately 20%, and increased the dividend per share from ¥55 to ¥60.
  13. FY2020-Q3RestatedAnnual report

    「27 June 2019 Annual General Meeting of Shareholders Common shares 2,720 Retained earnings 55 31 March 2019 28 June 2019」

    The Company reported a ¥55 per share dividend, reaffirming results consistent with its stable, long-term dividend policy.
  14. FY2020-Q2RestatedAnnual report

    「27 June 2019 Annual General Meeting of Shareholders Common shares 2,720 Retained earnings 55 31 March 2019 28 June 2019」

    The Company reported a ¥55 per share dividend, reaffirming results consistent with its stable, long-term dividend policy.
  15. FY2019ReframedAnnual report

    「With respect to the allocation of earnings, our basic policy is to achieve stable, long-term dividends with a consolidated dividend payout ratio of approximately 20%, while taking retained earnings into consideration to maintain and strengthen the corporate foundation and giving due consideration to business performance and other factors.」

    In addition to its stable-dividend policy, the Company explicitly set a target consolidated dividend payout ratio of approximately 20%. For the fiscal year, the dividend was ¥55 per share and the consolidated dividend payout ratio was 19.4%.
  16. FY2019-Q3RestatedAnnual report

    「28 June 2018 Annual General Meeting of Shareholders Common shares 2,473 Retained earnings 50 31 March 2018 29 June 2018」

    The Company reported a ¥50 per share dividend, reaffirming results consistent with its stable-dividend policy.
  17. FY2019-Q2RestatedAnnual report

    「28 June 2018 Annual General Meeting of Shareholders Common shares 2,473 Retained earnings 50 31 March 2018 29 June 2018」

    The Company reported a ¥50 per share dividend, reaffirming results consistent with its stable-dividend policy.
  18. FY2019-Q1RestatedAnnual report

    「28 June 2018 Annual General Meeting of Shareholders Common shares 2,473 Retained earnings 50 31 March 2018 29 June 2018」

    The Company reported a ¥50 per share dividend. The dividend includes a ¥5 commemorative dividend marking its 100th anniversary.
  19. FY2018AdvancedAnnual report

    「With respect to dividends to shareholders for the fiscal year, the Company resolved to pay ¥50 per share in accordance with the policy described above. As a result, the dividend payout ratio for the fiscal year was 18.2%.」

    While maintaining its stable-dividend policy, the Company determined a post-share-consolidation dividend of ¥50 per share, including a ¥5 commemorative dividend marking its 100th anniversary.
  20. FY2018-Q3RestatedAnnual report

    「29 June 2017 Annual General Meeting of Shareholders Common shares 2,226 Retained earnings 9 31 March 2017 30 June 2017」

    The Company reported a ¥9 per share dividend as the dividend paid, showing results consistent with its stable-dividend policy.
  21. FY2018-Q2RestatedAnnual report

    「29 June 2017 Annual General Meeting of Shareholders Common shares 2,226 Retained earnings 9 31 March 2017 30 June 2017」

    The Company reported a ¥9 per share dividend as the dividend paid, showing results consistent with its stable-dividend policy.
  22. FY2018-Q1RestatedAnnual report

    「29 June 2017 Annual General Meeting of Shareholders Common shares 2,226 Retained earnings 9 31 March 2017 30 June 2017」

    The Company reported a ¥9 per share dividend as the dividend paid, showing results consistent with its stable-dividend policy.
  23. FY2017AdvancedAnnual report

    「With respect to dividends to shareholders for the fiscal year, the Company resolved to pay ¥9 per share in accordance with the policy described above. As a result, the dividend payout ratio for the fiscal year was 24.4%.」

    While maintaining its stable-dividend policy, the Company increased the dividend per share from ¥7 in the previous fiscal year to ¥9, resulting in a dividend payout ratio of 24.4%.
  24. FY2017-Q3RestatedAnnual report

    「29 June 2016 Annual General Meeting of Shareholders Common shares 1,730 Retained earnings 7 31 March 2016 30 June 2016」

    The Company reported a ¥7 per share dividend based on the fiscal year ended March 2016 as the dividend paid, reiterating results consistent with its stable-dividend policy.
  25. FY2017-Q2RestatedAnnual report

    「29 June 2016 Annual General Meeting of Shareholders Common shares Dividend per share: ¥7」

    The Company paid a dividend of ¥7 per share based on the fiscal year ended March 2016, reporting results consistent with its stable-dividend policy.
  26. FY2017-Q1RestatedAnnual report

    「29 June 2016 Annual General Meeting of Shareholders Common shares Dividend per share: ¥7」

    The Company paid a dividend of ¥7 per share based on the end of the previous fiscal year, reporting results consistent with its policy of maintaining stable dividends.
  27. FY2016First statedAnnual report

    「To maintain and strengthen its corporate foundation, the Company will continue to pay stable dividends while taking retained earnings into consideration and giving due consideration to business performance, the dividend payout ratio and other factors.」

    The dividend per share for the fiscal year was ¥7, with a dividend payout ratio of 22.1%.
Moved together

"Product Development and Improvements Tailored to Customer Needs and Adoption of Price Revisions" moved the same way as this thread, in the same document, in 10 of its 30 moves.

1098888★123456
  1. ★This thread
  2. 1Product Development and Improvements Tailored to Customer Needs and Adoption of Price Revisions10×
  3. 2Profit recovery in the fiscal year ended March 20169×
  4. 3Advancing Globalization8×
  5. 4Development of the Health and Nutrition Business8×
  6. 5Improving the Profitability of the Existing Business8×
  7. 6Construction, Renewal and Rationalization of Production Facilities and Strengthening of the Sales and Distribution System8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Morinaga Milk Industry yet. It last moved in the Dividends of 2026-05-13: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Continuing Stable Dividends While Taking Retained Earnings into Account | MORINAGA MILK INDUSTRY CO.,LTD. (2264) | Komori