Stable, Consistent Dividends and the Effective Use of Retained Earnings
First written in FY2016. 21 of 38 entries say "Raised", first in FY2018-Q2. Latest entry: 2026-10-30.
56 other companies' latest entry also says "Raised".
- FY2026RestatedAnnual report
「Under the Medium-Term Management Plan 2026, the Company will allocate approximately 30% of cumulative basic operating cash flow over the 3-year plan period to shareholder returns. It has also adopted a progressive dividend policy based primarily on a shareholder equity DOE of 4.5%.」
The Company continues to allocate approximately 30% of basic operating cash flow to shareholder returns and maintain its progressive dividend policy based primarily on a shareholder equity DOE of 4.5%. The annual dividend for the fiscal year ending March 2026 was ¥165. - FY2026-H1RaisedAnnual report
「Based on this dividend policy, the Company forecasts an annual dividend of ¥165 per share for the fiscal year, comprising an interim dividend of ¥82.50 and a year-end dividend of ¥82.50.」
Under its progressive dividend policy based primarily on a shareholder equity DOE of 4.5%, the Company raised its forecast annual dividend from ¥150 to ¥165 per share. - FY2025Specified a policy of allocating 30% of basic operating cash flow to shareholder returnsAnnual report
「Under the Medium-Term Management Plan 2026, the Company will allocate approximately 30% of cumulative basic operating cash flow (Note 1) over the 3-year plan period to shareholder returns. It has also adopted a progressive dividend policy based primarily on a shareholder equity DOE (Note 2) of 4.5%.」
The Company specified a capital allocation policy of allocating approximately 30% of basic operating cash flow during the plan period to shareholder returns, in addition to its progressive dividend policy based primarily on a DOE of 4.5%. - FY2025-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 1 May 2024, the Company resolved to set the interim dividend at ¥75 per share for issued common shares as of 30 September 2024, the dividend record date.」
Under its stable and continuous dividend policy, the Company resolved to pay an interim dividend of ¥75 per share based on the end-September 2024 record date. - FY2024RaisedAnnual report
「Under the Medium-Term Management Plan 2026, the Company has adopted a progressive dividend policy based primarily on a shareholder equity DOE of 4.5% (Note).」
The Company changed from its previous policy of a consolidated dividend payout ratio of approximately 30% and a 4% lower DOE limit to a progressive dividend policy based primarily on a shareholder equity DOE of 4.5%. The annual dividend for the fiscal year ending March 2025 is forecast at ¥150. - FY2024-Q3RaisedAnnual report
「Based on the consolidated results for the third quarter of the fiscal year ending March 2024 and the forecast consolidated results for the fiscal year, the forecast year-end dividend has been revised from the previous forecast of ¥65 to ¥70, an increase of ¥5. Including the actual interim dividend of ¥65 per share for the fiscal year ending March 2024, the forecast annual dividend per share is ¥135, and the consolidated dividend payout ratio against net income attributable to the Company's shareholders will be 30.2%.」
The forecast year-end dividend was raised from ¥65 to ¥70, resulting in a forecast annual dividend of ¥135 and a consolidated dividend payout ratio of 30.2%. - FY2024-Q1RaisedAnnual report
「20 June 2023 Annual General Meeting of Shareholders Common shares Retained earnings 15,065 65.00 31 March 2023 21 June 2023」
The year-end dividend for the fiscal year ended March 2023 was ¥65 per share, up from ¥61 in the same period of the previous year. - FY2023RaisedAnnual report
「For fiscal 2023, the Company plans to set the dividend per share at an annual minimum of ¥130.」
For fiscal 2023, the Company specified a dividend policy with an annual minimum of ¥130. The annual dividend for fiscal 2022 was ¥130, and the consolidated dividend payout ratio was 27.0%. - FY2023-Q2RaisedAnnual report
「Under Medium-Term Management Plan 2023, the consolidated payout ratio is approximately 30% based on this basic policy. In addition, if the PBR is below 1x at the end of each fiscal year, the minimum dividend is set at 4% DOE based on market value (Note 1), while if the PBR is 1x or higher, the minimum dividend is set at 4% DOE based on book value (Note 2).」
While maintaining its policy of stable and continuous dividends, a consolidated dividend payout ratio of approximately 30%, and a 4% lower DOE limit linked to PBR, the Company raised its forecast annual dividend for the fiscal year ending March 2023 from ¥112 to ¥130 and its interim dividend to ¥65. - FY2023-Q1RestatedAnnual report
「17 June 2022 Annual General Meeting of Shareholders Common shares Retained earnings 14,141 61.00 31 March 2022 20 June 2022」
The Company paid a year-end dividend of ¥61 per share for the fiscal year ended March 2022 and reported its dividend performance under its stable and continuous dividend policy. - FY2022RestatedAnnual report
「The Company's basic policy is to pay stable and continuous dividends while enhancing shareholder value through the expansion and effective use of retained earnings, and it regards this as one of management's most important priorities. Under this basic policy, the Medium-Term Management Plan 2023 sets a consolidated dividend payout ratio of approximately 30% as its basic target. If PBR is below 1x at the end of each fiscal year, the Company sets a market-value-based DOE (Note 1) of 4% as the lower dividend limit, while if PBR is 1x or higher, it sets a book-value-based DOE (Note 2) of 4% as the lower dividend limit.」
The Company maintained its profit allocation policy of stable dividends, a consolidated dividend payout ratio of approximately 30%, and a 4% lower DOE limit linked to PBR, and reported an annual dividend of ¥106, a consolidated dividend payout ratio of 30.1%, and a market-value-based DOE of 6.1% for the fiscal year. - FY2022-Q3Added a PBR-linked minimum dividend based on DOEAnnual report
「Based on the basic policy for profit distribution under Medium-Term Management Plan 2023, the consolidated payout ratio is approximately 30%. In addition, if the PBR is below 1x at the end of each fiscal year, the minimum dividend is set at 4% DOE based on market value (Note 1), while if the PBR is 1x or higher, the minimum dividend is set at 4% DOE based on book value (Note 2).」
Under its stable and continuous dividend policy, the Company set a lower dividend of 4% DOE based on PBR, in addition to a consolidated dividend payout ratio of approximately 30%. It also raised its forecast for the year-end dividend from ¥45 to ¥58, resulting in a full-year dividend forecast of ¥103. - FY2022-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 2 November 2021, the Company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2021: ① Total dividends: ¥10,405 million; ② Dividend per share: ¥9.00」
The interim dividend was ¥9.00 per share on a pre-share-consolidation basis, up from ¥5.00 in the same period of the previous year. - FY2022-Q1SoftenedAnnual report
「18 June 2021 Annual General Meeting of Shareholders Common shares Retained earnings 6,003 5.00 31 March 2021 21 June 2021」
The year-end dividend for the fiscal year ended March 2021 was ¥5.00 per share, down from ¥8.50 per share in the previous fiscal year. No change to the stable and continuous dividend policy itself was reported. - FY2021-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2020. ② Amount per share ¥5.00」
The payment of the ¥5.00 per-share interim dividend based on the end-September 2020 record date was reiterated as the resolution reported in the previous quarter. - FY2021-Q2SoftenedAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2020. ② Amount per share ¥5.00」
The interim dividend based on the end-September 2020 record date was ¥5.00 per share, down from ¥8.50 per share in the same period of the previous year. - FY2021-Q1SoftenedAnnual report
「18 June 2020 Annual General Meeting of Shareholders Common shares Retained earnings 10,378 8.50 31 March 2020 19 June 2020」
The year-end dividend for the fiscal year ended March 2020 was ¥8.50 per share, down from ¥9.50 per share in the previous fiscal year. No change to the stable and continuous dividend policy itself was reported. - FY2020RestatedAnnual report
「The company considers the payment of stable and continuous dividends, together with increasing and effectively using retained earnings to enhance corporate competitiveness and shareholder value, a basic policy and one of management's most important priorities. Under this basic policy, the Medium-Term Management Plan 2020 is based on a consolidated dividend payout ratio of approximately 30%.」
The company maintained its basic policy of stable and continuous dividends and effective use of retained earnings, with a consolidated dividend payout ratio of approximately 30% as a basic target under the Medium-Term Management Plan 2020. The annual dividend for the fiscal year was ¥17, and the consolidated dividend payout ratio was 34.8%. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 1 November 2019, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2019.」
An interim dividend of ¥8.50 per share was paid, in line with the stable and continuous dividend policy. - FY2020-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 1 November 2019, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2019.」
The interim dividend based on the end-September 2019 record date was ¥8.50 per share, up from ¥7.50 per share in the same period of the previous year. - FY2020-Q1RaisedAnnual report
「20 June 2019 Annual General Meeting of Shareholders Common shares Retained earnings 11,884 9.50 31 March 2019 21 June 2019」
The year-end dividend for the fiscal year ended March 2019 was ¥9.50 per share, up from ¥6.00 per share in the previous fiscal year. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 1 November 2018, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2018.」
The interim dividend of ¥7.50 per share, based on the end-September 2018 record date, was paid on 3 December 2018 as resolved in the previous quarter. - FY2019-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 1 November 2018, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2018.」
The interim dividend was ¥7.50 per share, up from ¥5.00 per share in the same period of the previous year. - FY2019-Q1RaisedAnnual report
「19 June 2018 Annual General Meeting of Shareholders Common shares Retained earnings 7,505 6.00 31 March 2018 20 June 2018」
The year-end dividend for the fiscal year ended March 2018 was ¥6.00 per share, up from ¥4.00 per share in the previous fiscal year. - FY2018-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 2 November 2017, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2017.」
The interim dividend was ¥5.00 per share, up from ¥4.00 per share in the same period of the previous year. - FY2018-Q1RestatedAnnual report
「20 June 2017 Annual General Meeting of Shareholders Common shares Retained earnings 5,003 4.00 31 March 2017 21 June 2017」
The company resolved to pay and paid a dividend of ¥4.00 per share for which 31 March 2017 was the record date, demonstrating a track record consistent with its stable and continuous dividend policy. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 2 November 2016, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2016.」
An interim dividend of ¥4.00 per share was paid, reaffirming a track record consistent with the stable and continuous dividend policy. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 2 November 2016, the company resolved to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register and beneficial shareholder register as of 30 September 2016.」
The company resolved to pay an interim dividend of ¥4.00 per share in line with its stable and continuous dividend policy. - FY2016First statedAnnual report
「The company considers the payment of stable and continuous dividends, together with increasing and effectively using retained earnings to enhance corporate competitiveness and shareholder value, a basic policy and one of management's most important priorities.」
Stable dividends, retained earnings, corporate competitiveness and shareholder value form an integrated profit distribution policy.