Consolidated dividend payout ratio of 25% or more
First written in FY2020. 3 of 9 entries say "Advanced", first in FY2024. Latest entry: FY2026.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「For shareholder returns in the current fiscal year, following the change in the shareholder return policy under the Medium-Term Management Plan 2027, we adopted a dividend on equity (DOE), which is less susceptible to the impact of single-year earnings fluctuations, and implemented a basic policy of a DOE of 3.0% or more. Specifically, we set the interim dividend at ¥34 per share and the year-end dividend at ¥36 per share, for a total annual dividend of ¥70 per share and a consolidated payout ratio of 46.0%.」
It implemented the policy change from discontinuing a total payout ratio of 50% or more to adopting a DOE of 3% or more, paying an annual dividend of ¥70 per share and recording a payout ratio of 46.0% for the current fiscal year. - 2026-05-14RestatedDividends
「Regarding shareholder returns, since the fiscal year ending March 2025 the Company has stated a basic policy of maintaining a dividend on equity (DOE) of 3% or more.」
Restates the DOE of 3% or more policy, which was changed from the previous target payout ratio. - FY2025Change in shareholder-return policyAnnual report
「For the next fiscal year, due to a change in the shareholder return policy under the Medium-Term Management Plan 2027, we will discontinue the previous policy of a total payout ratio of 50% or more in order to allocate cash flow to growth investments in the pharmaceutical and logistics businesses, while changing the dividend policy to a DOE of 3% or more.」
It discontinued the policy of a total payout ratio of 50% or more, prioritizing the allocation of funds to growth investments, and changed the dividend policy from a DOE of 2% or more to 3% or more. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 November 2024, the Company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2024, as follows: ① Total dividends: ¥1,030 million ② Dividend per share: ¥21.00」
It resolved to pay an interim dividend of ¥21 per share, totaling ¥1,030 million, for FY2025. - FY2024AdvancedAnnual report
「Our Group regards shareholder returns as an important management priority. We will target a total payout ratio of 50% or more and, for dividends, adopt a dividend on equity (DOE), which is less susceptible to the impact of single-year earnings fluctuations, with a target DOE of 2.0% or more. / We set the annual dividend at ¥42 per share, representing a consolidated payout ratio of 36.5%.」
It continued its policy of a total payout ratio of 50% or more and a DOE of 2.0% or more, paying an annual dividend of ¥42 per share and recording a consolidated payout ratio of 36.5% for the current consolidated fiscal year. - FY2023ReframedAnnual report
「We will target a total payout ratio of 50% or more and, for dividends, adopt a dividend on equity (DOE), which is less susceptible to the impact of single-year earnings fluctuations, with a target DOE of 2.0% or more.」
It changed from the previous target of a consolidated payout ratio of 25% or more to a shareholder return metric combining the total payout ratio and DOE. - FY2022AchievedAnnual report
「With respect to shareholder returns for the current consolidated fiscal year, we repurchased 2 million shares, equivalent to 3.6% of the total number of issued shares excluding treasury shares, from the market for a total of ¥1,559 million. We set the annual dividend at ¥26 per share, representing a consolidated payout ratio of 29.6%.」
Against the target of a consolidated payout ratio of 25% or more, it implemented a payout ratio of 29.6% for the current fiscal year. - FY2021RestatedAnnual report
「With respect to dividends, we will aim to maintain a consolidated payout ratio of 25% or more.」
It has continued its numerical target of a consolidated payout ratio of 25% or more. It states that the actual payout ratio for the current fiscal year was 56.4% and the forecast for the next fiscal year is 33.1%. - FY2020First statedAnnual report
「With respect to dividends, we will aim to maintain a consolidated payout ratio of 25% or more.」
It presents a new numerical target of a consolidated payout ratio of 25% or more as part of its shareholder return policy.