Capital allocation policy prioritizing new business investment and performance-linked dividends
First written in FY2017. 6 of 8 entries say "Restated". Latest entry: 2026-04-09.
84 other companies' latest entry also says "Restated".
- 2026-04-09RestatedRevisions to earnings forecasts
「Our group regards investment that will strengthen the company’s competitiveness and enable it to maintain its growth over the medium to long term as its highest priority. Accordingly, retained earnings and free cash flow will be allocated mainly to investment in new businesses to support further growth as a group. At the same time, we will distribute profits to shareholders based on the results generated by that investment, namely through profit distributions linked to consolidated earnings, and our policy is to pay dividends with a target consolidated payout ratio of 50%. For the current consolidated fiscal year, the fiscal year ending February 2026, a year-end dividend of ¥5 per share is planned. For the next fiscal year, the fiscal year ending February 2027, a year-end dividend of ¥5 per share is also planned.」
The company reconfirmed its policy of prioritizing investment in new businesses and paying earnings-linked dividends with a target consolidated payout ratio of 50%, as well as its plans for dividends of ¥5 per share for the current and next fiscal years. - FY2024-Q3RestatedAnnual report
「At the same time, it will return to shareholders the results generated by that investment through profit distributions linked to consolidated performance. Specifically, the policy is to pay dividends at a consolidated payout ratio of approximately 50%.」
The Company reaffirmed its performance-linked profit distribution policy of prioritising investment in new businesses while targeting a consolidated payout ratio of approximately 50%. - FY2022RestatedAnnual report
「At the same time, it will return to shareholders the results generated by that investment through profit distributions linked to consolidated performance, with a policy of paying dividends at a consolidated payout ratio of approximately 50%.」
The Company maintained its performance-linked profit distribution policy of prioritising investment in new businesses while targeting a consolidated payout ratio of approximately 50%. - FY2021RestatedAnnual report
「Accordingly, it will allocate retained earnings and free cash flow primarily to investment in new businesses to achieve further growth as a group. At the same time, it will return to shareholders the results generated by that investment through dividends linked to consolidated performance. Specifically, the policy is to pay dividends at a consolidated payout ratio of approximately 50%.」
The policy of prioritising investment in new businesses and targeting a consolidated payout ratio of approximately 50% was maintained. However, no dividend was paid for the fiscal year because the Company reported a loss. - FY2020RestatedAnnual report
「The Group regards investment that enables it to strengthen its competitiveness and maintain its growth potential over the medium to long term as its highest priority. Accordingly, it will allocate retained earnings and free cash flow primarily to investment in new businesses to achieve further growth as a group. At the same time, it will return to shareholders the results generated by that investment through dividends linked to consolidated performance. Specifically, the policy is to pay dividends at a consolidated payout ratio of approximately 50%.」
The Company continued to state its policy of prioritising investment in new businesses and paying performance-linked dividends at a consolidated payout ratio of approximately 50%. - FY2019RaisedAnnual report
「At the same time, it will return to shareholders the results generated by that investment through dividends linked to consolidated performance. Specifically, although the policy had been to pay dividends at a level equivalent to approximately 30% of consolidated net income, as announced on 11 April 2019, from the following fiscal year the policy will be to pay dividends at a consolidated payout ratio of approximately 50%.」
The dividend policy was raised from a level equivalent to approximately 30% of consolidated net income to a consolidated payout ratio of approximately 50% from the following fiscal year. - FY2018RestatedAnnual report
「The Group regards investment that enables it to strengthen its competitiveness and maintain its growth potential over the medium to long term as its highest priority. Accordingly, it will allocate retained earnings and free cash flow primarily to investment in new businesses to achieve further growth as a group. At the same time, it will return to shareholders the results generated by that investment through dividends linked to consolidated performance. Specifically, the policy is to pay dividends at a level equivalent to approximately 30% of consolidated net income.」
The Company reaffirmed its policy of prioritising investment in new businesses and paying performance-linked dividends at a level equivalent to approximately 30% of consolidated net income. - FY2017First statedAnnual report
「The Group regards investment that enables it to strengthen its competitiveness and maintain its growth potential over the medium to long term as its highest priority. Accordingly, it will allocate retained earnings and free cash flow primarily to investment in new businesses to achieve further growth as a group. At the same time, it will return to shareholders the results generated by that investment through dividends linked to consolidated performance. Specifically, the policy is to pay dividends at a level equivalent to approximately 30% of consolidated net income.」
The Company set out for the first time its capital allocation policy of prioritising investment to strengthen competitiveness and growth while paying dividends linked to consolidated performance.