Shareholder Return Policy of Stable Dividends without Reductions, a 30% Payout Ratio and DOE of Approximately 2%
First written in FY2020. 2 of 5 entries say "Raised", first in FY2023. Latest entry: 2026-07-15.
8 other companies' latest entry also says "Reframed".
- FY2025AdvancedAnnual report
「We will gradually raise the payout ratio from the current guideline of 30%, with a target of 35% in the final fiscal year of the Third Medium-Term Management Plan. In addition, we will use DOE (dividend on equity) as an indicator, with a target of 2.5% in the final fiscal year of the Third Medium-Term Management Plan. The payout ratio was 35.5% and DOE was 2.5% in fiscal 2025.」
Against targets of a 35% payout ratio and 2.5% DOE for the final fiscal year of the Third Medium-Term Management Plan, the payout ratio was 35.5% and DOE was 2.5% in fiscal 2025. The total payout ratio was 69.8% following the acquisition and cancellation of 2 million treasury shares. - FY2023RaisedAnnual report
「• We will gradually raise the payout ratio from the current level of approximately 30%, with a target of 35% in the final fiscal year of the Third Medium-Term Management Plan. • Taking investment progress into account, we will make flexible share repurchases and enhance comprehensive shareholder returns.」
The target payout ratio will be raised from approximately 30% under the Second Medium-Term Management Plan to 35% in the final fiscal year of the Third Medium-Term Management Plan, while the shareholder return policy, including share repurchases, will continue. - FY2020First statedAnnual report
「• We will pursue a stable dividend policy without dividend cuts, excluding commemorative dividends. • We will use a dividend payout ratio of 30% as a guideline and raise dividends in line with earnings. In addition, we will use DOE (dividend on equity) as an indicator, with approximately 2% as a guideline. • We will enhance comprehensive shareholder returns, including share repurchases.」
The Second Medium-Term Management Plan set shareholder return targets of avoiding dividend cuts excluding commemorative dividends, a 30% payout ratio, DOE of approximately 2%, and enhanced returns including share repurchases.