Stable Dividends Alongside Balance Sheet Strengthening, With a Target Payout Ratio of Approximately 20%
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
68 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「During the period covered by the current medium-term management plan, the company will prioritize investment in growth areas and improving the equity ratio to realize the Group's desired future state. It has set a consolidated dividend payout ratio of 20% as its target level and will work to increase profit returns in line with business growth.」
The company has reaffirmed its policy of prioritizing improvements to its financial position and growth investment while targeting a consolidated dividend payout ratio of 20% during the period covered by the current medium-term management plan. - FY2023First statedAnnual report
「The Group considers returning profits to shareholders one of its important management priorities. While securing the retained earnings necessary for future business development and strengthening its financial position, it intends to continue paying stable dividends based on a comprehensive consideration of its results and future outlook. For the foreseeable future, it aims for a consolidated dividend payout ratio of approximately 20%, in line with progress in strengthening its financial position and expanding business results.」
The company has, for the first time, explicitly stated its goal of balancing stronger business and financial foundations through retained earnings with stable dividends, while targeting a consolidated dividend payout ratio of approximately 20% for the foreseeable future.