Komori
Megmilk Snow Brand (2270) · TargetRestated

Consolidated payout ratio of at least 20% and stable dividends

First written in FY2016. 30 of 37 entries say "Restated". Latest entry: 2026-08-07.

37entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2021-Q3RestatedFY2022-Q1 – FY2023-Q3RaisedFY2024 – FY20252016: 320162017: 420172018: 320182019: 420192020: 420202021: 420212022: 220222023: 420232024: 220242025: 220252026: 52026
Same theme, other companies
Stable, sustained shareholder returns and dividend growth policyA theme 1102 companies write about · 2 as a headwind · 1126 as a tailwind

68 other companies' latest entry also says "Restated".

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 1128 threads.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-07RestatedEarnings

    「FY2027 (forecast) – – 100.00 100.00」

    The annual dividend forecast for FY2027 remains unchanged at ¥100 per share, or ¥100 for the full year.
  2. FY2026RestatedAnnual report

    「In addition to the previous consolidated payout ratio of 40% or more excluding gains on asset sales, the shareholder return policy newly sets a dividend floor of ¥100 and will strive to maintain stable dividends.」

    The Company continues its policy of a payout ratio of 40% or more excluding gains on asset sales and a dividend floor of ¥100 per share, and set the current-year dividend at ¥100.
  3. FY2026-H1RestatedAnnual report

    「At a meeting of the Board of Directors held on 14 May 2025, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥6,767 million (2) Dividend per share: ¥100.00 (3) Effective date of the dividend payment claim and payment commencement date: 5 June 2025」

    The Company paid a dividend of ¥100 per share, totaling ¥6,767 million, continuing stable dividends in line with its policy of setting a dividend floor of ¥100.
  4. FY2025RaisedAnnual report

    「As its dividend policy, the Company has set a dividend floor of ¥100 and a payout ratio of 40% or more excluding gains on asset sales.」

    In addition to the previous payout ratio policy of 40% or more excluding gains on asset sales, the Company set a dividend floor of ¥100 per share and increased the dividend for the fiscal year to ¥100.
  5. FY2024RaisedAnnual report

    「Regarding the consolidated payout ratio target, taking comprehensive account of consolidated business results, financial condition and other factors, the Company will strive to maintain stable dividends after changing the target from 30% or more to 40% or more excluding gains on asset sales.」

    The Company raised its consolidated payout ratio target from 30% or more to 40% or more excluding gains on asset sales. The dividend per share also increased from ¥60 to ¥80.
  6. FY2024-Q3RestatedAnnual report

    「15 May 2023, Board of Directors, common shares, 4,061, 60.00, 31 March 2023, 8 June 2023, retained earnings」

    The Company reiterated its dividend payment of ¥60 per share, totaling ¥4,061 million, based on a record date of 31 March 2023, maintaining the dividend level after the increase.
  7. FY2024-Q2RestatedAnnual report

    「15 May 2023, Board of Directors, common shares, 4,061, 60.00, 31 March 2023, 8 June 2023, retained earnings」

    The Company documented a dividend payment of ¥60 per share, totaling ¥4,061 million, based on a record date of 31 March 2023, maintaining the dividend level raised in the previous fiscal year.
  8. FY2024-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 15 May 2023, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥4,061 million (2) Dividend per share: ¥60.00 (3) Effective date of the dividend payment claim and payment commencement date: 8 June 2023」

    The Company paid a dividend of ¥60 per share, totaling ¥4,061 million, maintaining the dividend level raised in the previous fiscal year.
  9. FY2023RaisedAnnual report

    「Regarding dividends, in addition to striving to maintain stable dividends while taking comprehensive account of consolidated business results, financial condition and other factors, the Company enhanced shareholder returns and raised its consolidated payout ratio target to 30% or more, taking into account that the consolidated equity ratio exceeded 50% in the fiscal year ended March 2022.」

    The Company raised its target from the previous policy of a consolidated payout ratio of 20% to 30% to 30% or more.
  10. FY2023-Q3RestatedAnnual report

    「13 May 2022, Board of Directors, common shares, 4,061, 60.00, 31 March 2022, 8 June 2022, retained earnings」

    The Company reiterated its dividend payment of ¥60 per share, totaling ¥4,061 million, based on a record date of 31 March 2022, continuing stable dividends after the increase.
  11. FY2023-Q1Increased the dividend per share from ¥40 to ¥60Annual report

    「13 May 2022, Board of Directors, common shares, 4,061, 60.00, 31 March 2022, 8 June 2022, retained earnings」

    For the dividend based on a record date of 31 March 2022, the Company paid ¥60 per share, totaling ¥4,061 million. This was an increase from ¥40 per share in the previous year.
  12. FY2022-Q3RestatedAnnual report

    「13 May 2021, Board of Directors, common shares, 2,707, 40.00, 31 March 2021, 3 June 2021, retained earnings」

    The Company paid a dividend of ¥40 per share, totaling ¥2,707 million, continuing its track record of stable dividends.
  13. FY2022-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 13 May 2021, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,707 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 3 June 2021」

    The Company paid a dividend of ¥40 per share, totaling ¥2,707 million, continuing its track record of stable dividends.
  14. FY2022-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 13 May 2021, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,707 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 3 June 2021」

    The Company paid a dividend of ¥40 per share, totaling ¥2,707 million, continuing its track record of stable dividends.
  15. FY2021RaisedAnnual report

    「Regarding dividends, we will strive to maintain stable dividends, taking comprehensive account of consolidated business results, financial condition and other factors, with a consolidated payout ratio of 20% to 30% as a guideline.」

    The Company updated its policy from a consolidated payout ratio of 20% or more to a target range of 20% to 30%, specifying the upper end of its shareholder return level.
  16. FY2021-Q3RestatedAnnual report

    「13 May 2020, Board of Directors, common shares, ¥2,707 million, ¥40.00, 31 March 2020, 4 June 2020, retained earnings」

    The Company paid a dividend of ¥40 per share, totaling ¥2,707 million, based on a record date of 31 March 2020, continuing its track record of stable dividends.
  17. FY2021-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 13 May 2020, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,707 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 4 June 2020」

    The Company paid a dividend of ¥40 per share, totaling ¥2,707 million, continuing its track record of stable dividends.
  18. FY2021-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 13 May 2020, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,707 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 4 June 2020」

    The Company paid a dividend of ¥40 per share, totaling ¥2,707 million, based on a record date of 31 March 2020, continuing its track record of stable dividends.
  19. FY2020RestatedAnnual report

    「Regarding dividends, we will strive to maintain stable dividends, taking comprehensive account of consolidated business results, financial condition and other factors, with a consolidated payout ratio of 20% or more as a guideline.」

    The Company continues its policy of a consolidated payout ratio of 20% or more and stable dividends, and decided to pay a dividend of ¥40 per share, totaling ¥2,707 million, for the fiscal year.
  20. FY2020-Q3RestatedAnnual report

    「13 May 2019, Board of Directors, common shares, 2,708, 40.00, 31 March 2019, 6 June 2019, retained earnings」

    The Company documented a dividend payment of ¥40 per share, totaling ¥2,708 million, based on a record date of 31 March 2019, continuing its track record of stable dividends.
  21. FY2020-Q2RestatedAnnual report

    「13 May 2019, Board of Directors, common shares, 2,708, 40.00, 31 March 2019, 6 June 2019, retained earnings」

    The Company paid a dividend of ¥40 per share, totaling ¥2,708 million, based on a record date of 31 March 2019, continuing its track record of stable dividends.
  22. FY2020-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 13 May 2019, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,708 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 6 June 2019」

    As part of its track record of stable dividends, the Company resolved to pay and paid a dividend of ¥40 per share, totaling ¥2,708 million, based on a record date of 31 March 2019.
  23. FY2019RestatedAnnual report

    「Regarding dividends, we will strive to maintain stable dividends, taking comprehensive account of consolidated business results, financial condition and other factors, with a consolidated payout ratio of 20% or more as a guideline.」

    The Company reiterated its policy of a consolidated payout ratio of 20% or more and stable dividends, and decided to pay a dividend of ¥40 per share for the fiscal year.
  24. FY2019-Q3RestatedAnnual report

    「10 May 2018, Board of Directors, common shares, 2,712, 40.00, 31 March 2018, 7 June 2018, retained earnings」

    The Company documented a dividend payment of ¥40 per share, totaling ¥2,712 million, based on a record date of 31 March 2018, continuing its track record of stable dividends.
  25. FY2019-Q2RestatedAnnual report

    「10 May 2018, Board of Directors, common shares, 2,712, 40.00, 31 March 2018, 7 June 2018, retained earnings」

    The Company paid a dividend of ¥40 per share, totaling ¥2,712 million, based on a record date of 31 March 2018, continuing its track record of stable dividends.
  26. FY2019-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 10 May 2018, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,712 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 7 June 2018」

    The Company resolved to pay and paid a dividend of ¥40 per share, totaling ¥2,712 million, based on a record date of 31 March 2018, continuing its track record of stable dividends.
  27. FY2018-Q3RestatedAnnual report

    「11 May 2017, Board of Directors, common shares, 2,713, 40.00, 31 March 2017, 29 June 2017, retained earnings」

    The Company documented a dividend payment of ¥40 per share, totaling ¥2,713 million, based on a record date of 31 March 2017, reiterating its track record of stable dividends.
  28. FY2018-Q2RestatedAnnual report

    「11 May 2017, Board of Directors, common shares, 2,713, 40.00, 31 March 2017, 29 June 2017, retained earnings」

    The Company documented a dividend payment of ¥40 per share, totaling ¥2,713 million, based on a record date of 31 March 2017, reiterating its track record of stable dividends.
  29. FY2018-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 11 May 2017, the Company resolved to pay dividends from surplus as follows. (1) Total dividends: ¥2,713 million (2) Dividend per share: ¥40.00 (3) Effective date of the dividend payment claim and payment commencement date: 29 June 2017」

    As part of its track record of stable dividends, the Company resolved to pay and paid a dividend of ¥40 per share, totaling ¥2,713 million, based on a record date of 31 March 2017.
  30. FY2017RaisedAnnual report

    「The long-term cash flow allocation policy targets consolidated ROE of 8% or more, a consolidated equity ratio of 50% or more and a consolidated payout ratio of 30% or more in 10 years, with a focus on financial soundness, capital efficiency and shareholder returns.」

    In addition to the previous policy of a consolidated payout ratio of 20% or more, the Company has stated a long-term target of 30% or more in 10 years, raising its long-term shareholder return target. Meanwhile, the payout ratio target under the Medium-Term Management Plan 2019 is 20% or more.
  31. FY2017-Q3RestatedAnnual report

    「12 May 2016, Board of Directors, common shares, 2,035, 30.00, 31 March 2016, 29 June 2016, retained earnings」

    The Company documented a dividend payment of ¥30 per share, totaling ¥2,035 million, based on a record date of 31 March 2016, confirming its track record of maintaining stable dividends.
  32. FY2017-Q2RestatedAnnual report

    「12 May 2016 Board of Directors Common shares 2,035 30.00 31 March 2016 29 June 2016 Retained earnings」

    The Company paid a dividend of ¥30 per share, totaling ¥2,035 million, based on a record date of 31 March 2016, documenting its track record of maintaining stable dividends.
  33. FY2017-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 12 May 2016, the Company resolved to pay dividends from surplus as follows.」

    During the quarter, the Company resolved to pay and made a dividend payment of ¥30 per share based on a record date of 31 March 2016, documenting its track record of maintaining dividends.
  34. FY2016First statedAnnual report

    「Taking comprehensive account of consolidated business results, financial condition and other factors, the Company will maintain stable dividends, targeting a consolidated payout ratio of 20% or more.」

    The Company has stated a payout ratio of 20% or more as its dividend policy, balancing financial strength for medium- to long-term growth with shareholder returns.
Moved together

"R&D to Create New Value from Milk and Develop Category-Focused Strategic Products" moved the same way as this thread, in the same document, in 5 of its 37 moves.

544333★123456
  1. ★This thread
  2. 1R&D to Create New Value from Milk and Develop Category-Focused Strategic Products5×
  3. 2Expanding the Functional Food Business Using Functional Ingredients4×
  4. 3Testing the Rationality of Cross-Shareholdings and Reviewing Holdings4×
  5. 4Enhancing Corporate Value and Profitability and Building the Foundations for the Next Phase of Growth3×
  6. 5Expansion of yogurt, cheese, functional foods and overseas operations3×
  7. 6Establishing the Fresh Milk Business as a Core Profit Driver and Building a Growth Model for the Nutrition, Feed, and Seed Businesses3×

★ 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
Megmilk Snow Brand's next results are scheduled for 2026-11-10. Read the earnings preview It last moved in the Earnings of 2026-08-07: "Restated".
News
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