Dividend Policy Balancing Shareholder Returns and Retained Earnings
First written in FY2017. 26 of 28 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-08-04.
25 other companies' latest entry also says "Advanced".
- 2026-08-04AdvancedTreasury Stock
「We hereby announce that we have decided the specific acquisition method and details concerning the treasury-share acquisition resolved at the meeting of our Board of Directors held on 13 May 2026, as set out below.」
The company specified the acquisition method using ToSTNeT-3, a maximum acquisition of 8,916,600 shares, a maximum aggregate acquisition price of ¥9,999,966,900 and plans for additional acquisitions in connection with the treasury-share acquisition resolved on 13 May 2026. - FY2026RaisedAnnual report
「The Company currently aims to maintain stable dividends, targeting a payout ratio of 40% to 50%. It also conducts treasury share repurchases flexibly while monitoring cash flow trends and other factors.」
The target payout ratio was raised from the previous guideline of 30% to 40%–50%. In May 2026, the Company also approved a treasury share repurchase of up to 9 million shares and ¥10 billion. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 5 November 2025, the following resolution was passed concerning the interim dividend for the current fiscal year: / (a) Total interim dividend: ¥7,097 million / (b) Dividend per share: ¥14.6」
An interim dividend with 30 September 2025 as the record date was approved at ¥7,097 million in total, or ¥14.6 per share. - FY2025-H1AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 14 May 2024, the Company acquired 15,741,100 treasury shares by 30 September, for an acquisition price of ¥14,999 million. / 25 June 2024 Annual General Meeting Ordinary shares 7,511 15.0」
The Company acquired 15,741,100 treasury shares for ¥14,999 million. The year-end dividend for the fiscal year ended March 2024 was ¥15.0 per share, totaling ¥7,511 million. The amount returned to shareholders has increased. - FY2024-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 28 July 2023, the Company acquired 5,543,600 treasury shares by 6 October, for an acquisition price of ¥4,999 million.」
The treasury share repurchase approved in the previous quarter was carried out by 6 October, covering 5,543,600 shares at an acquisition price of ¥4.999 billion. - FY2024-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 28 July 2023, the Company acquired 4,947,500 treasury shares by 30 September, for an acquisition price of ¥4,470 million. / At a meeting of the Board of Directors held on 31 October 2023, the following resolution was passed concerning the interim dividend for the current fiscal year: (b) Dividend per share: ¥8.7」
The treasury share repurchase approved in the previous quarter was carried out by 30 September, covering 4,947,500 shares at an acquisition price of ¥4.47 billion. Following the stock split, an interim dividend of ¥8.7 per share was approved. - FY2024-Q1AdvancedAnnual report
「Treasury shares will be repurchased as part of a flexible capital policy in response to changes in the business environment and the return of profits to shareholders. Maximum number of shares to be acquired: 6,500,000 / Maximum total acquisition price: ¥5,000 million / Acquisition period: 1 August 2023 to 30 November 2023」
The repurchase of treasury shares was approved as a shareholder return measure and flexible capital policy, with a maximum acquisition of 6,500,000 shares, a total maximum price of ¥5 billion and a specified acquisition period. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 October 2022, the following resolution was passed concerning the interim dividend for the current fiscal year: / (a) Total interim dividend: ¥4,354 million / (b) Dividend per share: ¥43」
An interim dividend of ¥43 per share was approved, with the end of September 2022 as the record date. This was an increase from ¥38 in the same period of the previous year. - FY2023-Q1AdvancedAnnual report
「24 June 2022 Annual General Meeting Ordinary shares 4,455 44.0 31 March 2022 27 June 2022 Retained earnings」
A dividend of ¥44 per share was paid as the year-end dividend for the fiscal year ended March 2022. - FY2022AdvancedAnnual report
「The dividend for the current fiscal year ending March 2022, determined after comprehensive consideration of current-year performance, the outlook from the next fiscal year onward and capital investment plans, will be ¥82.00 per share for the full year, including the interim dividend of ¥38.00 per share, with a consolidated dividend payout ratio of 28.7%.」
The annual dividend was increased to ¥82 per share. Under the medium-term plan, the Company continues its policy of maintaining stable dividends, targeting a payout ratio of 30%. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 October 2021, the following resolution was passed concerning the interim dividend for the current fiscal year: / (b) Dividend per share: ¥38」
An interim dividend of ¥38 per share was approved, with 30 September 2021 as the record date, an increase from ¥35 in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 October 2021, the following resolution was passed concerning the interim dividend for the current fiscal year: / (b) Dividend per share: ¥38」
An interim dividend of ¥38 per share was approved, with 30 September 2021 as the record date, an increase from ¥35 in the same period of the previous year. - FY2022-Q1AdvancedAnnual report
「24 June 2021 Annual General Meeting of Shareholders Common shares 3,746 37.0 31 March 2021 25 June 2021 Retained earnings」
The year-end dividend for the fiscal year ended March 2021 was ¥37 per share, an increase from ¥35.5 in the previous fiscal year. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, the company resolved the following regarding the interim dividend for the current fiscal year. / (b) Amount per share ................. ¥35」
The company resolved to pay an interim dividend of ¥35 per share, with 30 September 2020 as the record date, an increase from ¥34.5 in the same period of the previous fiscal year. - FY2021-Q1AdvancedAnnual report
「24 June 2020 Annual General Meeting of Shareholders Common shares 3,594 35.5 31 March 2020 25 June 2020 Retained earnings」
A fiscal year-end dividend of ¥35.5 per share was paid for the fiscal year ended March 2020, an increase from ¥35.0 per share in the same period of the previous fiscal year. - FY2020AdvancedAnnual report
「The basic strategy for improving ROE is to maintain stable dividends with a payout ratio of approximately 30% while raising the operating margin on sales.」
The company explicitly identified a stable dividend policy targeting a payout ratio of approximately 30% as a basic strategy under the medium-term management plan. The annual dividend for the current fiscal year was ¥70 per share, with a payout ratio of 32.2%. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the company resolved the following regarding the interim dividend for the current fiscal year. / (b) Amount per share ................. ¥34.50」
The company resolved to pay an interim dividend of ¥34.50 per share for the current fiscal year, an increase from ¥31 in the same period of the previous fiscal year. - FY2020-Q1AdvancedAnnual report
「25 June 2019 Annual General Meeting of Shareholders Common shares 3,544 35.0 31 March 2019 26 June 2019 Retained earnings」
A fiscal year-end dividend of ¥35 per share was paid for the fiscal year ended March 2019. - FY2019AdvancedAnnual report
「The dividend for the fiscal year ending March 2019, taking into comprehensive consideration the current year's results, the outlook from the next fiscal year onward, and capital investment plans, is ¥66.00 per share for the full year, including the interim dividend of ¥31.00 per share, with a payout ratio of 34.5%.」
The annual dividend was ¥66 per share, with a payout ratio of 34.5%, increased from ¥60 and 33.7%, respectively, in the previous fiscal year. - FY2019-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the company resolved the following regarding the interim dividend for the current fiscal year. / (b) Amount per share ................. ¥31.00」
The company resolved to pay an interim dividend of ¥31 per share for the current fiscal year, an increase from ¥30 in the same period of the previous fiscal year. - FY2018AdvancedAnnual report
「The dividend for the current fiscal year ending March 2018, taking into comprehensive consideration the current year's results, the outlook from the next fiscal year onward, and capital investment plans, is ¥60.00 per share for the full year, including the interim dividend of ¥30.00 per share, with a payout ratio of 33.7%.」
The annual dividend was ¥60 per share, with a payout ratio of 33.7%, up from ¥55 and 33.2%, respectively, in the previous fiscal year. - FY2018-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 October 2017, the company resolved the following regarding the interim dividend for the current fiscal year. / (b) Amount per share ................. ¥30.00」
The company resolved to pay an interim dividend of ¥30 per share for the current fiscal year, an increase from the ¥27.5 interim dividend for the same period of the previous fiscal year. - FY2017First statedAnnual report
「The company positions the return of profits to shareholders as an important management policy and, while strengthening retained earnings, aims to distribute earnings supported by business performance.」
The company identifies shareholder returns as an important policy while allocating retained earnings to research and development, upgrades to information systems, and capital investment in new businesses. The dividend for the current fiscal year was ¥55 per share, with a payout ratio of 33.2%.