Stable Dividends and Shareholder Returns Based on a Payout Ratio of at Least 50% and a DOE Floor of 2.5%
First written in FY2016. 22 of 39 entries say "Restated". Latest entry: 2026-10-28.
51 other companies' latest entry also says "Raised".
- FY2026Paid a year-end dividend of ¥72 and an annual dividend of ¥107Annual report
「15 May 2026 Board of Directors resolution 2,256 72」
The year-end dividend for the fiscal year ended March 2026 was ¥72 per share, bringing the annual dividend to ¥107 together with the ¥35 interim dividend. The consolidated dividend payout ratio was 40.2%, reflecting performance in line with the policy of targeting 40% for the time being. - 2026-05-22RestatedGeneral Meetings of Shareholders
「Taking into account funding requirements for future capital investment and R&D, as well as trends in working capital, the consolidated payout ratio will be set at approximately 40% for the time being.」
連結配当性向40％を目安とする株主還元方針を継続し、第41期の年間配当は中間35円、期末72円としている。 - FY2026-H1Interim dividend of ¥35 and share repurchasesAnnual report
「In addition, regarding the interim dividend for the 41st fiscal year, from 1 April 2025 to 31 March 2026, the Board of Directors resolved at its meeting held on 29 October 2025 to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2025. ① Total dividends ¥1,096 million ② Dividend per share ¥35.00」
The interim dividend for the fiscal year ending March 2026 was approved at ¥35 per share, totaling ¥1,096 million. In addition, the company recorded ¥2,001 million in expenditures for share repurchases during the six-month consolidated accounting period. - FY2025RestatedAnnual report
「(Dividend payout ratio) Taking into account funding needs related to future capital investment and research and development, as well as trends in working capital, we will target a consolidated dividend payout ratio of 40% for the time being.」
The company maintained its policy of targeting a consolidated dividend payout ratio of 40% after transitioning to VISION2030. For the fiscal year ended March 2025, the interim dividend was ¥52, the year-end dividend was ¥67, the annual dividend was ¥119, and the dividend payout ratio was 40.2%. - FY2025-H1Approved an interim dividend of ¥52 per shareAnnual report
「At the Board of Directors meeting held on 1 November 2024, the following resolution was passed to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2024. ① Total dividends: ¥1,629 million ② Dividend per share: ¥52.00」
The interim dividend for the fiscal year ending March 2025 was approved at ¥1,629 million in total, or ¥52 per share. No change to the policy of targeting a consolidated dividend payout ratio of 40% was reported. - FY2024Paid a year-end dividend of ¥74 and an annual dividend of ¥257Annual report
「14 May 2024 Board of Directors resolution 2,318 74」
The year-end dividend for the fiscal year ended March 2024 was ¥74 per share after the stock split, bringing the annual dividend to ¥257 together with the ¥183 interim dividend. The dividend payout ratio was 40.5%. This is stated as performance in line with the policy of targeting a consolidated dividend payout ratio of 40%. - FY2024-Q2Increased the interim dividend to ¥183 per shareAnnual report
「Regarding the interim dividend for the 39th fiscal year, from 1 April 2023 to 31 March 2024, the Board of Directors resolved at its meeting held on 31 October 2023 to pay an interim dividend as follows to shareholders recorded on the final shareholder register as of 30 September 2023. ① Total dividends: ¥1,911 million ② Dividend per share: ¥183.00」
An interim dividend based on 30 September 2023 was approved at ¥1,911 million in total, or ¥183 per share. This was an increase from ¥145 per share in the same period of the previous year. The amount was based on the level before the stock split effective 1 October 2023. - FY2024-Q1RestatedAnnual report
「At the Board of Directors meeting held on 16 May 2023, the following resolution was passed regarding the dividend of surplus, namely the year-end dividend for the fiscal year ended March 2023. ① Total dividends: ¥2,193 million ② Dividend per share: ¥210.00 ③ Effective date of the dividend receivable right and dividend payment commencement date: 31 May 2023.」
The company reconfirmed the year-end dividend of ¥210 per share and annual dividend of ¥355 for the fiscal year ended March 2023. - FY2023Paid a year-end dividend of ¥210 and an annual dividend of ¥355Annual report
「16 May 2023 Board of Directors resolution 2,193 210」
The year-end dividend for the fiscal year ended March 2023 was ¥210 per share, bringing the annual dividend to ¥355 together with the ¥145 interim dividend. The dividend payout ratio was 40.1%, reflecting performance under the policy of targeting a consolidated dividend payout ratio of 40%. - FY2023-Q2Raised the interim dividend to ¥145 per shareAnnual report
「At a meeting of the Board of Directors held on 28 October 2022, the Company resolved to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2022. ① Total dividends: ¥1,514 million ② Dividend per share: ¥145.00 ③ Effective date of dividend payment claims and payment commencement date: 1 December 2022」
An interim dividend of ¥145 per share, totaling ¥1,514 million, was approved. This was an increase from the previous fiscal year's interim dividend of ¥105 per share. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 17 May 2022, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2022. ① Total dividends: ¥1,044 million ② Dividend per share: ¥100.00 ③ Effective date of dividend payment claims and payment commencement date: 1 June 2022.」
The Company paid a year-end dividend of ¥100 per share, or ¥1,044 million in total, for the fiscal year ended March 2022. The annual dividend of ¥205 indicated at the end of the previous fiscal year has been confirmed. - FY2022Paid a year-end dividend of ¥100 and an annual dividend of ¥205Annual report
「17 May 2022 Board of Directors resolution 1,044 100」
The year-end dividend for the fiscal year ended March 2022 was ¥100 per share, bringing the annual dividend to ¥205 when combined with the interim dividend of ¥105. The consolidated payout ratio was 40.1%, which is described as being in line with the policy of targeting approximately 40% for the time being. - FY2022-Q3RestatedAnnual report
「Regarding the interim dividend for the 37th fiscal year (from 1 April 2021 to 31 March 2022), the Board of Directors resolved at a meeting held on 28 October 2021 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2021.」
The interim dividend was paid at ¥1,096 million in total, or ¥105 per share, with no change to the policy of targeting a consolidated payout ratio of approximately 40%. - FY2022-Q2Raised the interim dividend to ¥105 per shareAnnual report
「Regarding the interim dividend for the 37th fiscal year (from 1 April 2021 to 31 March 2022), the Board of Directors resolved at a meeting held on 28 October 2021 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2021.」
The interim dividend was resolved at ¥1,096 million in total, or ¥105 per share. Although this is an increase from the previous year's interim dividend of ¥40 per share, no change to the policy of targeting a consolidated payout ratio of approximately 40% is stated. - FY2022-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 18 May 2021, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2021.」
The Company paid a year-end dividend of ¥85 per share, or ¥887 million in total, for the fiscal year ended March 2021. The policy of targeting a consolidated payout ratio of approximately 40% remains unchanged. - FY2021RestatedAnnual report
「(Payout ratio) Taking into account funding requirements for future capital investment and R&D, as well as trends in working capital, the consolidated payout ratio will be set at approximately 40% for the time being.」
The Company maintained its policy of targeting a consolidated payout ratio of approximately 40% for the time being. For the fiscal year ended March 2021, the interim dividend was ¥40, the year-end dividend was ¥85 and the annual dividend was ¥125, resulting in a payout ratio of 40.0%. - FY2021-Q3RestatedAnnual report
「Regarding the interim dividend for the 36th fiscal year (from 1 April 2020 to 31 March 2021), the Board of Directors resolved at a meeting held on 26 October 2020 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2020.」
The interim dividend was paid at ¥40 per share, or ¥417 million in total, with no substantive change to the stable and consistent dividend policy. - FY2021-Q2RestatedAnnual report
「Regarding the interim dividend for the 36th fiscal year (from 1 April 2020 to 31 March 2021), the Board of Directors resolved at a meeting held on 26 October 2020 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2020. ① Total dividends: ¥417 million ② Dividend per share: ¥40.00 ③ Effective date of dividend payment claims and payment commencement date: 1 December 2020」
The interim dividend was resolved at ¥40 per share, or ¥417 million in total, with no substantive change to the stable and consistent dividend policy. - FY2021-Q1Resolved to pay a year-end dividend of ¥50 per shareAnnual report
「At a meeting of the Board of Directors held on 15 May 2020, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2020. ① Total dividends: ¥522 million ② Dividend per share: ¥50.00 ③ Effective date of dividend payment claims and payment commencement date: 1 June 2020.」
The year-end dividend for the fiscal year ended March 2020 was ¥50 per share, or ¥522 million in total. Although the amount paid changed from ¥53 per share at the end of the previous fiscal year, no change to the stable and consistent dividend policy itself is stated. - FY2020-Q3RestatedAnnual report
「Regarding the interim dividend for the 35th fiscal year (from 1 April 2019 to 31 March 2020), the Board of Directors resolved at a meeting held on 30 October 2019 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2019.」
The interim dividend was paid at ¥40 per share, or ¥417 million in total, with no substantive change to the stable and consistent dividend policy. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 30 October 2019, the Company resolved to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2019. ① Total dividends: ¥417 million ② Dividend per share: ¥40.00 ③ Effective date of dividend payment claims and payment commencement date: 29 November 2019」
The interim dividend was resolved at ¥40 per share, or ¥417 million in total, with no substantive change to the stable and consistent dividend policy. - FY2020-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 16 May 2019, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2019. ① Total dividends: ¥553 million ② Dividend per share: ¥53.00 ③ Effective date of dividend payment claims and payment commencement date: 3 June 2019.」
The Company paid a year-end dividend of ¥53 per share, or ¥553 million in total, for the fiscal year ended March 2019. No additional change to its stable and consistent dividend policy is stated. - FY2019RestatedAnnual report
「Regarding shareholder returns, the Company will pay stable and consistent dividends, using the consolidated payout ratio as the basis for its reference indicator. Acquisitions of treasury shares will be determined as part of shareholder return measures alongside dividends, taking into comprehensive consideration cash flow, the market liquidity of the shares and future capital investment requirements.」
The Company maintains its policy of targeting a consolidated payout ratio of approximately 40% for the time being and paying stable, consistent dividends. For the fiscal year ended March 2019, the interim dividend was ¥40, the year-end dividend was ¥53 and the annual dividend was ¥93. - FY2019-Q3RestatedAnnual report
「The total dividend resolved at the Board of Directors meeting held on 29 October 2018 includes ¥6 million in dividends on the Company's shares held by the directors' compensation BIP trust and ¥5 million in dividends on the Company's shares held by the employee stock ownership ESOP trust.」
The interim dividend was paid at ¥40 per share, or ¥417 million in total, confirming the increased dividend level indicated in the previous quarter. - FY2019-Q2Interim dividend increased to ¥40Annual report
「Regarding the interim dividend for the 34th fiscal year (from 1 April 2018 to 31 March 2019), the Board of Directors resolved at a meeting held on 29 October 2018 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2018. ① Total dividends: ¥417 million ② Dividend per share: ¥40.00 ③ Effective date of dividend payment claims and payment commencement date: 30 November 2018」
The interim dividend was resolved at ¥40 per share, or ¥417 million in total. This represents an increase from ¥30 per share in the same period of the previous year. - FY2019-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 14 May 2018, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2018. ① Total dividends: ¥376 million ② Dividend per share: ¥36.00 ③ Effective date of dividend payment claims and payment commencement date: 30 May 2018」
The Company paid total dividends of ¥376 million, or ¥36 per share, as the year-end dividend for the prior fiscal year. No further change to the policy of targeting a consolidated payout ratio of approximately 40%, changed for FY2018, is stated. - FY2018SoftenedAnnual report
「Taking into account funding requirements for future capital investment and R&D, as well as trends in working capital, the consolidated payout ratio will be set at approximately 40% for the time being.」
The policy changed from a payout ratio of at least 50% and a DOE floor of 2.5% to a consolidated payout ratio target of approximately 40%, taking funding requirements into account. The Company resolved to pay interim and year-end dividends of ¥30 and ¥36, respectively. - FY2018-Q3RestatedAnnual report
「Regarding the interim dividend for the 33rd fiscal year (from 1 April 2017 to 31 March 2018), the Board of Directors resolved at a meeting held on 27 October 2017 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2017. ① Total dividends: ¥313 million ② Dividend per share: ¥30.00 ③ Effective date of dividend payment claims and payment commencement date: 30 November 2017」
The Company confirmed an interim dividend of ¥313 million in total, or ¥30 per share, with no substantive change to its stable dividend policy. - FY2018-Q2RestatedAnnual report
「Regarding the interim dividend for the 33rd fiscal year (from 1 April 2017 to 31 March 2018), the Board of Directors resolved at a meeting held on 27 October 2017 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2017. ① Total dividends: ¥313 million ② Dividend per share: ¥30.00 ③ Effective date of dividend payment claims and payment commencement date: 30 November 2017」
The Company resolved to pay an interim dividend of ¥313 million in total, or ¥30 per share, with no substantive change to its stable dividend policy. - FY2018-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 16 May 2017, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2017. ① Total dividends: ¥313 million ② Dividend per share: ¥30.00 ③ Effective date of dividend payment claims and payment commencement date: 31 May 2017.」
The Company confirmed a year-end dividend of ¥313 million in total, or ¥30 per share, with no substantive change to its stable dividend policy. - FY2017RestatedAnnual report
「In addition to paying dividends consistently and stably, the Company's dividend policy, based on returning profits in line with earnings, sets a target payout ratio of at least 50% of net income attributable to owners of the parent, while DOE, the dividend-on-equity ratio linked to ROE as a measure of capital efficiency, will have a floor of 2.5%. The Company will also acquire treasury shares flexibly and as appropriate, taking into account its capital policy and changes in the operating environment.」
The Company has additionally stated its policy of maintaining a payout ratio of at least 50% and a DOE floor of 2.5%, while acquiring treasury shares flexibly and as appropriate. - FY2017-Q3RestatedAnnual report
「Regarding the interim dividend for the 32nd fiscal year (from 1 April 2016 to 31 March 2017), the Board of Directors resolved at a meeting held on 27 October 2016 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2016. ① Total dividends: ¥313 million ② Dividend per share: ¥30.00 ③ Effective date of dividend payment claims and payment commencement date: 30 November 2016」
The Company has reiterated its policy and resolution to pay an interim dividend of ¥313 million in total, or ¥30 per share. - FY2017-Q2RestatedAnnual report
「Regarding the interim dividend for the 32nd fiscal year (from 1 April 2016 to 31 March 2017), the Board of Directors resolved at a meeting held on 27 October 2016 to pay an interim dividend as follows to shareholders recorded in the final shareholder register as of 30 September 2016.」
The Company resolved to pay a total interim dividend of ¥313 million, or ¥30 per share, with 30 November 2016 set as the payment commencement date. - FY2017-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 17 May 2016, the Company resolved as follows regarding the distribution of retained earnings, namely the year-end dividend for the fiscal year ended March 2016.」
The Company resolved and paid a total dividend of ¥313 million, or ¥30 per share, as the year-end dividend for the fiscal year ended March 2016. - FY2016First statedAnnual report
「In addition to paying dividends consistently and stably, the Company's dividend policy, based on returning profits in line with earnings, sets a target payout ratio of at least 50% of net income attributable to owners of the parent, while DOE, the dividend-on-equity ratio linked to ROE as a measure of capital efficiency, will have a floor of 2.5%.」
The basic policy is to pay dividends twice a year, as interim and year-end dividends.