Balancing Stable, Consistent Dividends with Growth Investment
First written in FY2016. 18 of 34 entries say "Restated". Latest entry: FY2026.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The capital policy in the Medium-Term Management Plan 2025–2027 is based on achieving both growth investment and shareholder returns. For the fiscal year ending March 2026, we will continue to maintain a 100% payout ratio. From the fiscal year ending March 2027 onward, we will adopt a progressive dividend policy, under which the current dividend will be increased or maintained.」
The capital policy was reorganized to continue a 100% payout ratio through the fiscal year ending March 2026 and transition to a progressive dividend policy from the fiscal year ending March 2027 onward. The annual dividend for the next fiscal year is expected to be ¥76 per share. - FY2026-H1Interim dividend approved after stock splitAnnual report
「At a meeting of the Board of Directors held on 5 November 2025, the following resolution was passed regarding the interim dividend for the current period. (a) Total dividends from the interim dividend ........................ ¥645.628 million (b) Amount per share ........................................ ¥34.50」
Based on the post-split basis following the 1-for-2 stock split in June 2025, an interim dividend of ¥34.50 per share was approved. This updates the track record of implementing the policy of proactive shareholder returns with the stable dividend amount as the floor. - FY2025-H1Interim dividend approved at ¥58Annual report
「At a meeting of the Board of Directors held on 5 November 2024, the following resolution was passed regarding the interim dividend for the current period. (b) Amount per share ........................................ ¥58.00」
An interim dividend of ¥58 per share was approved with 30 September 2024 as the record date. This updates the track record of implementing the policy of proactive shareholder returns with the stable dividend amount as the floor. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2023, the following resolution was passed regarding the interim dividend for the current period. (b) Amount per share ........................................ ¥53.00」
Under the proactive shareholder return policy, an interim dividend of ¥53 per share was approved with 30 September 2023 as the record date. This was an increase from the previous period's interim dividend of ¥24. - FY2024-Q1RestatedAnnual report
「28 June 2023 Annual General Meeting of Shareholders Common shares 994,680 109 31 March 2023 29 June 2023 Retained earnings」
The Company paid a year-end dividend of ¥109 per share, totaling ¥994.68 million, for the fiscal year ended March 2023, continuing its proactive shareholder return policy. - FY2023AdvancedAnnual report
「In accordance with the Company's policy of returning 100% of earnings to shareholders, we paid the floor amount of ¥24 per share as the interim dividend. Accordingly, we have decided to pay a year-end dividend of ¥109 per share, bringing the full-year dividend to ¥133 per share.」
Based on the policy of maintaining a 100% payout ratio until the three-year average ROE reaches 8%, an annual dividend of ¥133 was paid. ROE was 7.7%, and the 8% target remains in place. - FY2023-Q3RestatedAnnual report
「8 November 2022 Board of Directors Common shares 216,253 24 30 September 2022 6 December 2022 Retained earnings」
An interim dividend of ¥24 per share was paid with 30 September 2022 as the record date, continuing the proactive shareholder return policy presented for FY2022. - FY2023-Q2Interim dividend increased to ¥24Annual report
「At a meeting of the Board of Directors held on 8 November 2022, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥24 per share, totaling ¥216.253 million, with 30 September 2022 as the record date, was approved. This was an increase from the previous period's interim dividend of ¥12 and reflects the implementation of the proactive shareholder return policy presented for FY2022. - FY2023-Q1Year-end dividend, including commemorative dividend, increased to ¥43Annual report
「The per-share dividend approved at the Annual General Meeting of Shareholders held on 28 June 2022 includes a ¥15 commemorative dividend celebrating the 70th anniversary of the Company's founding.」
The year-end dividend for the fiscal year ended March 2022 was ¥43 per share, including a ¥15 commemorative dividend celebrating the 70th anniversary of the Company's founding. This was an increase from the previous year's year-end dividend of ¥13. - FY2022RaisedAnnual report
「For subsequent periods, as announced in the new medium-term management plan, we have decided to pursue management focused on return on capital and maintain a payout ratio of 100% until ROE reaches 8% on a three-fiscal-year average, with the aim of providing proactive returns to shareholders without accumulating additional equity, rather than following the previous stable dividend policy. There is no change to the policy of setting the annual stable dividend of ¥24 as the floor.」
The policy was substantially strengthened from a ¥24 floor for stable annual dividends and a payout ratio of at least 40% to maintaining a 100% payout ratio until the three-year average ROE reaches 8%. Including the 70th anniversary commemorative dividend, the annual dividend is ¥55 for the current fiscal year, and ¥103 is planned for the next fiscal year. - FY2022-Q3RestatedAnnual report
「The total dividends approved by the resolution of the Board of Directors meeting held on 9 November 2021 include ¥816 thousand in dividends on the Company's shares held by Custody Bank of Japan, Ltd. (Trust E Account).」
An interim dividend of ¥12 per share, totaling ¥107.684 million, was paid, continuing the policy of stable and continuous dividends. - FY2022-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2021, the following resolution was passed regarding the interim dividend for the current period. (b) Amount per share ........................................ ¥12.00」
The interim dividend was set at ¥12 per share, continuing the policy of stable and continuous dividends. - FY2022-Q1Year-end dividend increased to ¥13Annual report
「25 June 2021 Annual General Meeting of Shareholders Common shares 115,774 13 31 March 2021 28 June 2021 Retained earnings」
The year-end dividend for the fiscal year ended March 2021 was ¥13 per share, an increase of ¥1 from the previous year's year-end dividend of ¥12. - FY2021-Q3RestatedAnnual report
「(b) Amount per share ........................................ ¥12.00」
At a meeting of the Board of Directors held on 6 November 2020, an interim dividend of ¥12 per share was approved, and stable and continuous dividends were paid. - FY2021-Q1RestatedAnnual report
「25 June 2020 Annual General Meeting of Shareholders Common shares 106,868 12 31 March 2020 26 June 2020 Retained earnings」
The Company paid a year-end dividend of ¥12 per share, totaling ¥106.868 million, for the fiscal year ended March 2020, providing stable and continuous returns to shareholders. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2019, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥12 per share, totaling ¥106.868 million, was approved and paid, continuing the policy of providing stable and continuous returns to shareholders. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2019, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥12 per share, totaling ¥106.868 million, was approved, continuing the policy of providing stable and continuous returns to shareholders. - FY2020-Q1RestatedAnnual report
「26 June 2019 Annual General Meeting of Shareholders Common shares 106,869 12 31 March 2019 27 June 2019 Retained earnings」
The Company paid a year-end dividend of ¥12 per share, totaling ¥106.889 million, for the fiscal year ended March 2019, providing stable and continuous returns to shareholders. - FY2019RaisedAnnual report
「The company regards the return of profits to shareholders as an important management priority. In addition to its policy of paying stable dividends, it will distribute profits in line with performance, with the basic policy of setting the current stable annual dividend of ¥24 as the floor and maintaining a consolidated dividend payout ratio of at least 40%.」
In addition to the previous policy of setting annual stable dividends of ¥24 as a floor, the Company newly established a performance-linked payout criterion of a consolidated payout ratio of at least 40%. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2018, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
The company resolved to pay, and paid, an interim dividend of ¥12 per share, totaling ¥112.269 million, maintaining its policy of stable, continuous dividends. - FY2019-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2018, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
The company resolved to pay an interim dividend of ¥12 per share, totaling ¥112.269 million, maintaining its policy of stable, continuous dividends. - FY2019-Q1RestatedAnnual report
「27 June 2018 Annual General Meeting of Shareholders Common shares 112,125 12 31 March 2018 28 June 2018 Retained earnings」
The company paid a year-end dividend of ¥12 per share for the fiscal year ended March 2018, totaling ¥112.125 million, continuing its return of profits to shareholders. - FY2018RestatedAnnual report
「The year-end dividend was set at ¥12 per common share. As an interim dividend of ¥12 per share had already been paid, the full-year dividend was ¥24 per share.」
The company paid interim and year-end dividends of ¥12 each, for an annual dividend of ¥24, maintaining its policy of stable, continuous dividends. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 2 November 2017, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
The company resolved to pay, and paid, an interim dividend of ¥12 per share, continuing its return of profits to shareholders. - FY2018-Q1RestatedAnnual report
「28 June 2017 Annual General Meeting of Shareholders Common shares 112,054 12 31 March 2017 29 June 2017 Retained earnings」
The company paid a dividend of ¥12 per share, continuing its return of profits to shareholders. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 4 November 2016, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
The company resolved to pay, and paid, an interim dividend of ¥12 per share, continuing its return of profits to shareholders. - FY2017-Q1RestatedAnnual report
「28 June 2016 Annual General Meeting of Shareholders Common shares 114,437 12 31 March 2016 29 June 2016 Retained earnings」
The company paid a dividend of ¥12 per share during the quarter, demonstrating its ongoing return of profits to shareholders. - FY2016First statedAnnual report
「The company’s basic policy is to pay stable dividends, while positioning the return of profits to shareholders, in addition to stability and continuity, as an important management priority.」
The company also states its policy of using retained earnings for future growth investments and paid an annual dividend of ¥24 per share for the fiscal year.