Stable Dividends and Higher Consolidated Dividend Payout Ratios
First written in FY2016. 9 of 28 entries say "Raised", first in FY2020. Latest entry: 2026-08-13.
70 other companies' latest entry also says "Restated".
- FY2026RaisedAnnual report
「Throughout the current medium-term management plan (fiscal years ending March 2026 to March 2031), dividends will be based on a progressive policy of maintaining or increasing the previous fiscal year's dividend, with a dividend on equity (DOE) of at least 5% from the fiscal year ending March 2028.」
In addition to its policy of a total payout ratio of at least 70%, the company explicitly stated its progressive dividend policy and a DOE of at least 5% from the fiscal year ending March 2028. Annual dividends are expected to be ¥70 per share for the fiscal year ending March 2026. - FY2025RaisedAnnual report
「Under Phase I of the medium-term management plan (fiscal years ending March 2026 to March 2028), the policy is to provide total shareholder returns combining dividends and share buybacks at a total payout ratio of 70% or more (cumulative for the Phase I period), while comprehensively considering the business environment, business results and financial soundness. Dividends will follow a progressive policy, with the annual dividend for the fiscal year ending March 2025 serving as the floor.」
The company raised its policy from targeting a 50% total payout ratio to at least 70% cumulatively during Phase I, and explicitly adopted a progressive dividend policy with the annual dividend for the fiscal year ending March 2025 as the floor. - FY2025-H1AdvancedAnnual report
「13 November 2024 Board of Directors Common shares ¥8,904 million ¥24.00 30 September 2024 10 December 2024 Retained earnings」
The company resolved to pay an interim dividend of ¥24 per share for fiscal 2024. This was an increase from ¥12 in the same period of the previous year and reflects its stable dividend and dividend growth policies. - FY2024-Q3RaisedAnnual report
「Under the current medium-term management plan, our basic policy is to provide a total shareholder return combining stable dividends, medium- to long-term dividend increases in line with profit growth, and share buybacks, with a target total payout ratio of 50%.」
The company explicitly stated a policy of combining share buybacks with its stable dividend and medium- to long-term dividend growth policies, with a target total payout ratio of 50%. - FY2024-Q2AdvancedAnnual report
「At its meeting held on 10 November 2023, the Board of Directors resolved to pay an interim dividend as follows to shareholders listed or recorded in the shareholder register as of 30 September 2023. ① Total dividends: ¥4,585 million ② Dividend per share: ¥12.00」
The company resolved to pay an interim dividend of ¥12 per share for fiscal 2023, an increase from the previous year's interim dividend of ¥6. - FY2024-Q1AdvancedAnnual report
「20 June 2023 Annual General Meeting of Shareholders Common shares ¥3,055 million ¥8.00 31 March 2023 21 June 2023 Retained earnings」
The company set the fiscal 2022 year-end dividend at ¥8 per share, an increase from the previous year's year-end dividend of ¥5. This amount reflects its stable dividend and profit-linked dividend growth policies. - FY2023-Q2AdvancedAnnual report
「11 November 2022 Board of Directors Common shares ¥2,290 million ¥6.00 30 September 2022 12 December 2022 Retained earnings」
The company resolved to pay an interim dividend of ¥6 per share for fiscal 2022, an increase from the previous year's interim dividend of ¥5. - FY2022AdvancedAnnual report
「Our basic policy on dividends is to maintain a stable dividend level while comprehensively considering the business environment, business results and financial soundness. Over the medium to long term, however, we aim to steadily increase dividends in line with profit growth. … 10 November 2021 Board of Directors ¥1,907 million ¥5.00 27 June 2022 Annual General Meeting of Shareholders ¥1,907 million ¥5.00」
The company maintained its stable dividend and profit-linked dividend growth policies, setting interim and year-end dividends at ¥5 per share each, or ¥10 for the year, in fiscal 2021. - FY2022-Q2AdvancedAnnual report
「At its meeting held on 10 November 2021, the Board of Directors resolved to pay an interim dividend as follows to shareholders listed or recorded in the shareholder register as of 30 September 2021. ① Total dividends: ¥1,907 million ② Dividend per share: ¥5.00」
The company resolved to pay an interim dividend of ¥5 per share for fiscal 2021, an increase from the previous year's interim dividend of ¥3. - FY2022-Q1RestatedAnnual report
「25 June 2021 Annual General Meeting of Shareholders Common shares ¥2,286 million ¥6.00 31 March 2021 28 June 2021 Retained earnings」
The company paid a year-end dividend of ¥6 per share for the fiscal year ended March 2021. - FY2021SoftenedAnnual report
「Our basic policy on dividends is to maintain a stable dividend level while comprehensively considering the business environment, business results and financial soundness. Over the medium to long term, however, we aim to steadily increase dividends in line with profit growth.」
The company maintained its stable dividend and medium- to long-term dividend growth policies, but annual dividends for the fiscal year ending March 2021 totaled ¥9, comprising an interim dividend of ¥3 and a year-end dividend of ¥6, down from ¥12 in the previous fiscal year. - FY2021-Q2SoftenedAnnual report
「At its meeting held on 11 November 2020, the Board of Directors resolved to pay an interim dividend as follows to shareholders listed or recorded in the shareholder register as of 30 September 2020. ① Total dividends: ¥1,141 million ② Dividend per share: ¥3.00」
The company resolved to pay an interim dividend of ¥3 per share, reducing it from the previous year's interim dividend of ¥6 per share. - FY2021-Q1RestatedAnnual report
「15 June 2020 Annual General Meeting of Shareholders Common shares ¥2,280 million ¥6.00 31 March 2020 16 June 2020 Retained earnings」
The company paid a year-end dividend of ¥6 per share in June 2020 for the fiscal year ended March 2020, continuing its stable dividend policy. - FY2020RaisedAnnual report
「Our basic policy on dividends is to maintain a stable dividend level while comprehensively considering the business environment, business results and financial soundness. Over the medium to long term, however, we aim to steadily increase dividends in line with profit growth.」
The company has expanded its policy wording from maintaining stable dividends to also aiming for steady dividend increases in line with medium- to long-term profit growth. - FY2020-Q2RestatedAnnual report
「At its meeting held on 7 November 2019, the Board of Directors resolved to pay an interim dividend as follows to shareholders listed or recorded in the shareholder register as of 30 September 2019. ① Total dividends: ¥2,341 million ② Dividend per share: ¥6.00」
The company resolved to pay an interim dividend of ¥2,341 million in total, or ¥6 per share, for fiscal 2019, continuing its stable dividend policy. - FY2020-Q1RestatedAnnual report
「17 June 2019 Annual General Meeting of Shareholders Common shares Total dividends: ¥2,339 million Dividend per share: ¥6.00 Record date: 31 March 2019 Effective date: 18 June 2019」
The company paid a year-end dividend of ¥2,339 million in total, or ¥6 per share, for fiscal 2018. - FY2019RestatedAnnual report
「Our basic policy on dividends is to maintain a stable dividend level while comprehensively considering the business environment, business results and financial soundness.」
The company reaffirmed its stable dividend policy and paid an interim dividend of ¥6 per share and a year-end dividend of ¥6 per share, for an annual dividend of ¥12, in fiscal 2018. - FY2019-Q3RestatedAnnual report
「Regarding the interim dividend for the 11th fiscal year (1 April 2018 to 31 March 2019), the Board of Directors resolved at its meeting held on 7 November 2018 to pay an interim dividend as follows to shareholders listed or recorded in the shareholder register as of 30 September 2018. ① Total dividends: ¥2,339 million ② Dividend per share: ¥6.00」
The company resolved to pay an interim dividend of ¥2,339 million in total, or ¥6 per share, for fiscal 2018, confirming the implementation of stable dividends. - FY2017SoftenedAnnual report
「We will apply retained earnings primarily to investments in existing and new businesses to enhance corporate value, while continuing to take into consideration the consolidated payout ratio and total payout ratio.」
The wording has changed from the previous aim of “raising the consolidated payout ratio” to taking the payout ratio and total payout ratio into consideration. The annual dividend was ¥12 per share. - FY2016First statedAnnual report
「Our basic policy is to maintain a stable dividend level while seeking to increase corporate value over the long term. We determine the return of profits to shareholders by comprehensively considering the business environment, business results and financial soundness. … With respect to dividends, we will continue to aim for a higher payout ratio on a consolidated basis.」
The company indicates that it will maintain stable dividends while raising its consolidated payout ratio.