Consolidated dividend payout ratio: lower limit of approximately 15%; target of 30% or more
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: FY2026.
70 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition to maintaining stable dividends, our basic policy is to pay dividends that take consolidated results into account. For dividends, we will select the higher of a dividend on equity (DOE) of approximately 2.8% and a consolidated dividend payout ratio of approximately 30%.」
The policy of selecting the higher of a DOE of approximately 2.8% and a consolidated dividend payout ratio of approximately 30% continues. The dividend for the current period was ¥27 each for the interim and year-end dividends, or ¥54 for the full year. - FY2026-H1RestatedAnnual report
「Regarding the interim dividend for the 16th fiscal period (1 April 2025 to 31 March 2026), the Board of Directors resolved at its meeting held on 5 November 2025 to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2025. ① Total dividends: ¥354 million ② Dividend per share: ¥27.00」
No new change to the dividend policy was indicated, and an interim dividend of ¥27 per share, totaling ¥354 million, was approved. - FY2025RaisedAnnual report
「In addition to maintaining stable dividends, our basic policy is to pay dividends that take consolidated results into account. For dividends, we will select the higher of a dividend on equity (DOE) of approximately 2.8% and a consolidated dividend payout ratio of approximately 30%.」
The policy changed from the FY2024 wording of “a consolidated dividend payout ratio of 30% or more as the guideline” to a policy of selecting the higher of a DOE of approximately 2.8% and a consolidated dividend payout ratio of approximately 30%. - FY2024SoftenedAnnual report
「With regard to the dividend for the next period, the Board of Directors resolved at its meeting held on 8 May 2024 to change the dividend policy and pay dividends with a consolidated dividend payout ratio of 30% or more as the guideline.」
The wording changed from “a floor for the consolidated dividend payout ratio of approximately 20%” to “30% or more as the guideline” for the next period. The term “floor” has been removed. - FY2019RaisedAnnual report
「With regard to the dividend for the next period, the Board of Directors resolved at its meeting held on 8 May 2019 to change the dividend policy and raise the floor for the consolidated dividend payout ratio to approximately 20%.」
A policy change was approved to raise the previous floor for the consolidated dividend payout ratio of approximately 15% to approximately 20% from the next period. The policy of targeting 30% or more remains unchanged. - FY2018RestatedAnnual report
「For the consolidated dividend payout ratio, we set a floor of approximately 15% and aim for 30% or more.」
The policy of setting a dividend payout ratio floor of approximately 15% and a target of 30% or more continues. The consolidated dividend payout ratio for the current period was 19.6%. - FY2017RestatedAnnual report
「For the consolidated dividend payout ratio, we set a floor of approximately 15% and aim for 30% or more.」
The policy of setting a dividend payout ratio floor of approximately 15% and a target of 30% or more continues. The consolidated dividend payout ratio for the current period was 18.4%. - FY2016First statedAnnual report
「For the consolidated dividend payout ratio, we set a floor of approximately 15% and aim for 30% or more.」
In addition to stable dividends, the floor and target level for the consolidated dividend payout ratio are specified numerically.