Stable Dividends and a 30% Standalone Dividend Payout Ratio Target
First written in FY2016. 13 of 21 entries say "Restated". Latest entry: FY2026.
45 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「(1) Setting the target consolidated payout ratio at approximately 30% against adjusted EPS (earnings per share), adjusted to reflect underlying earnings power and for smoothing purposes」
The target was raised from a consolidated payout ratio of approximately 25% against adjusted EPS to approximately 30%. The dividend per share for the fiscal year was ¥45. - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 23 May 2025, the company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2025: ① total dividends: ¥232.787 million; ② dividend per share: ¥30.00.」
Under the new dividend policy, a year-end dividend of ¥30 per share was also paid for the fiscal year ended March 2025. - FY2024RestatedAnnual report
「Based on the above policy, we set the dividend from retained earnings for the fiscal year at ¥30 per share.」
The policy of a consolidated payout ratio of approximately 25% against adjusted EPS, DOE, and a balance between retained earnings and shareholder value was maintained, and the dividend per share for the fiscal year increased from ¥24 in the previous fiscal year to ¥30. - FY2024-Q3RestatedAnnual report
「Board of Directors meeting, 31 May 2023; common shares; 185,330; 24.00; 31 March 2023; 15 June 2023; retained earnings」
A year-end dividend of ¥24 per share was paid for the fiscal year ended March 2023. This reflects the dividend policy’s emphasis on stable dividends. - FY2023RestatedAnnual report
「We regard the appropriate return of profits to shareholders as one of our top priorities. Our basic policy is to pay stable dividends in line with business performance, and we have established the following 3 targets.」
The company continued its new policy of a consolidated payout ratio of approximately 25% against adjusted EPS, consideration of DOE, and a balance between retained earnings and shareholder value, and paid a dividend of ¥24 per share for the fiscal year. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 20 May 2022, the company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2022: ① total dividends: ¥107.911 million; ② dividend per share: ¥14.00.」
A year-end dividend of ¥14 per share was paid for the fiscal year ended March 2022. The dividend reflects the new policy presented in FY2022. - FY2022ReframedAnnual report
「In addition, beginning with the year-end dividend for the fiscal year ending March 2023, we will determine the dividend based on the following 3 targets: (1) setting a consolidated payout ratio target of approximately 25% against adjusted EPS, adjusted to reflect underlying earnings power and for smoothing purposes; (2) giving sufficient consideration to both market-value-based DOE and book-value-based DOE, from the shareholders’ perspective and with a view to gradually raising PBR based on the medium-term management plan; and (3) considering an appropriate balance between strengthening corporate competitiveness and enhancing shareholder value through the expansion and effective use of retained earnings, taking into account future investment plans.」
The policy changed from the previous 30% standalone payout ratio target to one combining a consolidated payout ratio of approximately 25% against adjusted EPS, DOE, and a balance between retained earnings and shareholder value from the fiscal year ending March 2023 onward. - FY2022-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 21 May 2021, the company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2021: ① total dividends: ¥77.080 million; ② dividend per share: ¥10.00.」
A year-end dividend of ¥10 per share was paid, and no change to the existing policy on stable dividends or the 30% standalone payout ratio target is stated. - FY2021-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 22 May 2020, the company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2020: ① total dividends: ¥77.080 million; ② dividend per share: ¥10.00.」
The year-end dividend for the fiscal year ended March 2020 was ¥10 per share, and no change to the stable dividend policy or the 30% standalone payout ratio target is stated. - FY2020-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 24 May 2019, the company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2019: ① total dividends: ¥92.496 million; ② dividend per share: ¥12.00.」
A year-end dividend of ¥12 per share was paid for the fiscal year ended March 2019, and the stable dividend policy continues. - FY2019RestatedAnnual report
「We regard the appropriate return of profits to shareholders as one of our top priorities. Our basic policy is to pay stable dividends in line with business performance, with a target payout ratio of 30% on a standalone basis. Based on this policy, we set the dividend from retained earnings for the fiscal year at ¥12 per share.」
The company continued its 30% payout ratio target and stable dividend policy, paying a dividend of ¥12 per share for the fiscal year. - FY2019-Q2RestatedAnnual report
「Board of Directors meeting, 25 May 2018; common shares; total dividends: 77,080; dividend per share: 10.00; 31 March 2018; 7 June 2018; retained earnings」
A dividend of ¥10 per share was also paid for the fiscal year, and no change to the stable dividend policy is stated. - FY2019-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 25 May 2018, the company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2018: ① total dividends: ¥77.080 million; ② dividend per share: ¥10.00.」
A year-end dividend of ¥10 per share was also paid for the fiscal year, and no change to the stable dividend policy is stated. - FY2018-Q3RestatedAnnual report
「Board of Directors meeting, 23 May 2017; common shares; total dividends: 77,082; dividend per share: 10.00; 31 March 2017; 9 June 2017; retained earnings」
A dividend of ¥10 per share was also paid for the fiscal year, and no change to the existing policy of stable dividends and a 30% payout ratio on a standalone basis is stated. - FY2018-Q2RestatedAnnual report
「Board of Directors meeting, 23 May 2017; common shares; total dividends: 77,082; dividend per share: 10.00; 31 March 2017; 9 June 2017; retained earnings」
A dividend of ¥10 per share was also paid for the fiscal year. No change to the existing policy of stable dividends and a 30% payout ratio is stated. - FY2016First statedAnnual report
「Our basic policy is to pay stable dividends in line with business performance, with a target payout ratio of 30% on a standalone basis.」
The basic policy is to link dividends to business performance while maintaining stable dividends, with a target payout ratio of 30% on a standalone basis.