Performance-Linked Profit Returns and Use of Retained Earnings for Growth Investment
First written in FY2017. 4 of 7 entries say "Raised", first in FY2024. Latest entry: FY2026.
45 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Under this basic policy, for the medium-term management plan covering the fiscal years ending March 2026 through March 2028, we will apply a dividend on equity (DOE) of at least 6% and a total payout ratio of at least 100%.」
The company stated that, for the period covered by the medium-term management plan, it would apply new shareholder return metrics of a DOE of at least 6% and a total payout ratio of at least 100%, replacing the previous 35% consolidated dividend payout ratio target. - FY202435% consolidated dividend payout ratio target explicitly statedAnnual report
「We regard returning profits to shareholders as one of management’s key priorities and have adopted profit distribution as our basic policy, taking into comprehensive consideration a target consolidated dividend payout ratio of 35%, stable dividend payments, and retained earnings for future business expansion.」
In addition to its existing performance-linked shareholder return policy, the company explicitly stated a specific target of a 35% consolidated dividend payout ratio. - FY2019RestatedAnnual report
「We regard returning profits to shareholders as one of management’s key priorities and have adopted profit distribution based on business performance as our basic policy. Retained earnings will be allocated to capital investment and investment in subsidiaries to strengthen our corporate foundation in preparation for future business development.」
The company continues its policy of returning profits according to business performance and allocating retained earnings to capital investment, investment in subsidiaries and other purposes. - FY2018RestatedAnnual report
「We regard returning profits to shareholders as one of management’s key priorities and have adopted profit distribution based on business performance as our basic policy.」
The company continues its policy of performance-linked shareholder returns and allocating retained earnings to capital investment and investment in subsidiaries. - FY2017First statedAnnual report
「We regard returning profits to shareholders as one of management’s key priorities and have adopted profit distribution based on business performance as our basic policy. Retained earnings will be allocated to capital investment and investment in subsidiaries to strengthen our corporate foundation in preparation for future business development.」
The company identifies shareholder returns as a key priority and has indicated a policy of distributing profits according to business performance while allocating retained earnings to capital investment and investment in subsidiaries.