Stable, sustainable shareholder returns using a 5% dividend-on-equity ratio as a guideline
First written in FY2018. 8 of 11 entries say "Restated". Latest entry: 2026-10-14.
72 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Specifically, the company aims to achieve a consolidated dividend payout ratio of at least 30%. For any single fiscal year, it will not reduce dividends unless the consolidated dividend payout ratio exceeds 60%.」
The company continues its policy of maintaining a consolidated dividend payout ratio of at least 30% and not reducing dividends in any single fiscal year unless the payout ratio exceeds 60%. - FY2025-H1RestatedAnnual report
「Dividend payments were as follows. … Common shares … 790 … 10.0」
The total year-end dividend for the 25th fiscal year was ¥790 million, unchanged from the previous fiscal year, or ¥10.0 per share, indicating that stable shareholder returns continue. - FY2023RestatedAnnual report
「Specifically, the company aims to achieve a consolidated dividend payout ratio of at least 30%. For any single fiscal year, it will not reduce dividends unless the consolidated dividend payout ratio exceeds 60%.」
While prioritizing growth investment, the company continues its policy of maintaining a consolidated dividend payout ratio of at least 30% and not reducing dividends in any single fiscal year unless the ratio exceeds 60%. - FY2022RestatedAnnual report
「Specifically, as set out in the medium-term management plan announced on 13 January 2021, the company aims to raise the consolidated dividend payout ratio to at least 30% by the fiscal year ending November 2025. For any single fiscal year, it will not reduce dividends unless the consolidated dividend payout ratio exceeds 60%.」
The company has reaffirmed a consolidated dividend payout ratio of at least 30% by the fiscal year ending November 2025 and a policy of not reducing dividends in any single fiscal year unless the payout ratio exceeds 60%. - FY2021RaisedAnnual report
「Specifically, as set out in the medium-term management plan announced on 13 January 2021, the company aims to raise the consolidated dividend payout ratio to at least 30% by the fiscal year ending November 2025. For any single fiscal year, it will not reduce dividends unless the consolidated dividend payout ratio exceeds 60%.」
The company raised its target from the previous 20% guideline for the consolidated dividend payout ratio to at least 30% by the fiscal year ending November 2025. The policy of not reducing dividends unless the payout ratio exceeds 60% remains in place. - FY2020RestatedAnnual report
「Specifically, the company will pay stable dividends based on a consolidated dividend payout ratio of 20% as a guideline. For any single fiscal year, it will not reduce dividends unless the consolidated dividend payout ratio exceeds 60%.」
While prioritizing growth investment and retained earnings, the company has reaffirmed its policy of using a consolidated dividend payout ratio of 20% as a guideline and not reducing dividends unless the payout ratio exceeds 60%. - FY2019ReframedAnnual report
「The company had previously paid dividends based on a consolidated equity dividend rate of 5% as a guideline. However, as its financial base has been strengthened to a certain extent, from the next fiscal year onward, the fiscal year ending November 2020, it will pay stable dividends based on a consolidated dividend payout ratio of 20% as a guideline. For any single fiscal year, the company will not reduce dividends unless the consolidated dividend payout ratio exceeds 60%.」
The company changed its shareholder return policy from the previous 5% guideline for the equity dividend rate to a 20% guideline for the consolidated dividend payout ratio from the next fiscal year onward, and added a policy of not reducing dividends unless the payout ratio exceeds 60%. - FY2018First statedAnnual report
「With business investment for strengthening its financial position and achieving growth given the highest priority, the company will nevertheless work to increase dividends steadily and sustainably, using a consolidated equity dividend rate of 5% as a guideline.」
While prioritizing growth investment and strengthening its financial position, the company has for the first time stated a policy of targeting steady and sustainable dividend increases based on a consolidated equity dividend rate of 5%.