Progressive Dividend Policy and Stable Shareholder Returns Based on DOE of at Least 3%
First written in FY2017. 12 of 23 entries say "Cited as achieved", first in FY2019-Q3. Latest entry: FY2027-H1.
70 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Regarding the DOE target, as the construction of a highly sustainable and stable earnings base continues to progress steadily and stock revenue continues to accumulate at a healthy pace, the company has raised the target from the previous “4% or more” to “5% or more” beginning with the current consolidated fiscal year.」
The company continues to state its policy of setting a DOE target of 5% or more, premised on a progressive dividend policy. - FY2026RaisedAnnual report
「DOE (dividend on equity): 4% or more (at a meeting of the Board of Directors held on 14 April 2026, the company decided to raise this to 5% or more)」
The company decided to raise its DOE target from the previous level of 4% or more to 5% or more from the fiscal year ending February 2027. The progressive dividend policy remains in place. - FY2025Cited as achievedAnnual report
「The Board of Directors resolved to set the dividend at ¥10.5 per share, an increase of 16.7% year on year, and the resolution was approved at the company’s annual general meeting of shareholders held on 25 May 2025.」
The company lists the approval of a dividend of ¥10.5 per share for the fiscal year ended February 2025, an increase of 16.7% year on year, under its progressive dividend policy and DOE target of 4%. - FY2025-H1Cited as achievedAnnual report
「Common shares 3,963 9.00 29 February 2024 27 May 2024 Retained earnings」
The company lists a track record of paying dividends of ¥3,963 million in total, or ¥9 per share, for the fiscal year ended February 2024 in connection with its progressive dividend policy. - FY2025-Q1RestatedAnnual report
「The company decided to raise its dividend on equity (DOE) from 3% to 4%. Based on this shareholder return policy, it has set its dividend forecast for the fiscal year ending February 2025 at ¥10 per share, representing the third consecutive dividend increase.」
Continuing its shareholder return policy based on the progressive dividend policy and the increase in DOE to 4%. - FY2024RaisedAnnual report
「The company decided to raise its dividend on equity (DOE) from 3% to 4%.」
While maintaining its progressive dividend policy, the company states its policy of raising the DOE target from 3% or more to 4% or more. - FY2024-Q2Cited as achievedAnnual report
「Common shares 3,627 8.00 28 February 2023 29 May 2023 Retained earnings」
The company lists a track record of paying dividends of ¥3,627 million in total, or ¥8 per share, for the fiscal year ended February 2023 in connection with its progressive dividend policy. - FY2024-Q1Cited as achievedAnnual report
「Common shares 3,627 8.00 28 February 2023 29 May 2023 Retained earnings」
The company lists a track record of paying dividends of ¥8 per share, or ¥3,627 million in total, for the fiscal year ended February 2023 in connection with its progressive dividend policy. - FY2023-Q1Cited as achievedAnnual report
「19 April 2022 Board of Directors Common shares 3,275 7.0 28 February 2022 30 May 2022 Retained earnings」
The company lists a track record of paying dividends of ¥3,275 million in total, or ¥7 per share, for the fiscal year ended February 2022 in connection with its progressive dividend policy. - FY2022Cited as achievedAnnual report
「As a result, at a meeting of the Board of Directors held on 19 April 2022, the company decided to pay a dividend of ¥7 per share (¥3,275 million in total) for the current fiscal year.」
The company lists its decision to pay a dividend of ¥7 per share, or ¥3,275 million in total, for the current fiscal year under its progressive dividend policy. - FY2022-Q2Cited as achievedAnnual report
「19 April 2021 Board of Directors Common shares 3,304 7.00 28 February 2021 24 May 2021 Retained earnings」
The company lists a track record of paying dividends of ¥3,304 million in total, or ¥7 per share, for the fiscal year ended February 2021 in connection with its progressive dividend policy. - FY2022-Q1Cited as achievedAnnual report
「19 April 2021 Board of Directors Common shares 3,304 7.00 28 February 2021 24 May 2021 Retained earnings」
The company lists a track record of paying dividends of ¥3,304 million in total, or ¥7 per share, for the fiscal year ended February 2021 in connection with its progressive dividend policy. - FY2021-Q2Cited as achievedAnnual report
「16 April 2020 Board of Directors Common shares 3,372 7.00 29 February 2020 25 May 2020 Retained earnings」
The company lists a track record of paying total dividends of ¥3,372 million, or ¥7 per share, for the fiscal year ended February 2020 in connection with its progressive dividend policy. - FY2020-Q2Cited as achievedAnnual report
「Board of Directors meeting held on 17 April 2019 Common shares ¥3,419 million Dividend per share (¥) 7.00」
The company lists a track record of paying total dividends of ¥3,419 million, or ¥7 per share, for the fiscal year ended February 2019 in connection with its progressive dividend policy. - FY2020-Q1Cited as achievedAnnual report
「At a meeting of the Board of Directors held on 17 April 2019, the company resolved to pay dividends from retained earnings as follows.」
The company lists a track record of resolving to pay and paying total dividends of ¥3,419 million, or ¥7 per share, for the fiscal year ended February 2019 in connection with its progressive dividend policy. - FY2019RestatedAnnual report
「The company will continue during this period the progressive dividend policy introduced from the fiscal year ended February 2017. In principle, the dividend per share (DPS) for each fiscal year will be maintained or increased from the previous fiscal year, and by “not reducing the dividend,” the company will achieve “secure and stable dividends” made possible by its robust stable earnings base.」
The company explains that it will continue its progressive dividend policy throughout the Long-Term VISION period, maintaining or increasing dividends from the previous fiscal year and not reducing them. - FY2019-Q3Cited as achievedAnnual report
「Board of Directors, 18 April 2018 Common shares Total dividends (¥ million) 2,974 Dividend per share (¥) 6.00」
The company lists a track record of paying a dividend of ¥6 per share for the fiscal year ended February 2018 in connection with its progressive dividend policy. - FY2018RestatedAnnual report
「Specifically, the minimum dividend per share (DPS) for each fiscal year is set at the dividend per share for the previous fiscal year. In principle, the company seeks to grow dividends by “not reducing the dividend,” while enhancing the transparency of future dividend levels. At the same time, it has adopted a dividend on equity (DOE) of “3% or more,” based on shareholders’ equity, to further stabilize dividends.」
Continuing a progressive dividend policy with the previous fiscal year’s dividend as the minimum, together with a shareholder return policy of DOE of 3% or more. - FY2017First statedAnnual report
「Specifically, the minimum dividend per share (DPS) for each fiscal year is set at the dividend per share for the previous fiscal year. In principle, the company seeks to grow dividends by “not reducing the dividend,” while enhancing the transparency of future dividend levels. At the same time, it has adopted a dividend on equity (DOE) of “3% or more,” based on shareholders’ equity, to further stabilize dividends.」
The company explicitly states a progressive dividend policy under which DPS for each fiscal year is at least the previous fiscal year’s level, together with a shareholder return policy of DOE of 3% or more.