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Zoa (3375) · TargetHigher dividend per share and lower payout ratio

Returning profits with a 50% payout ratio as a guideline

First written in FY2016. 15 of 27 entries say "Restated". Latest entry: FY2026.

27entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2020-Q3RestatedFY2021-Q1 – FY2026-H12016: 120162017: 220172018: 220182019: 220192020: 420202021: 320212022: 320222023: 120232024: 220242025: 220252026: 52026
Same theme, other companies
Dividend policy based on consolidated dividend-on-equity ratio and payout ratio criteriaA theme 317 companies write about · 0 as a headwind · 328 as a tailwind

11 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 196 companies compared. The sentences above are computed from all 196.Comparing 200 of the theme's 330 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026Higher dividend per share and lower payout ratioAnnual report

    「Based on the above policy, we plan to pay a dividend of ¥75 per share for the fiscal year. As a result, the payout ratio is expected to be 28.8%.」

    The policy of determining dividends after taking business performance, retained earnings and other factors into account will continue. The dividend per share is expected to increase from ¥70 to ¥75, while the payout ratio is expected to decline from 29.6% to 28.8%.
  3. FY2026-H1RestatedAnnual report

    「27 June 2025 Annual General Meeting of Shareholders Common shares ¥87.908 million ¥70 31 March 2025 30 June 2025 Retained earnings」

    The planned dividend of ¥70 per share for the previous fiscal year was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 27 June 2025. No material change was indicated in the policy of determining dividends after taking business performance, retained earnings and other factors into account.
  4. FY2025Higher dividend per share and higher payout ratioAnnual report

    「Based on the above policy, we plan to pay a dividend of ¥70 per share for the fiscal year. As a result, the payout ratio is expected to be 29.6%.」

    The policy of determining dividends after taking business performance, retained earnings and other factors into account will continue. The dividend per share is expected to increase from ¥58 to ¥70, while the payout ratio is expected to rise from 24.8% to 29.6%.
  5. FY2025-H1RestatedAnnual report

    「21 June 2024 Annual General Meeting of Shareholders Common shares ¥72.687 million ¥58 31 March 2024 24 June 2024 Retained earnings」

    A dividend of ¥58 per share, totalling ¥72.687 million, was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 21 June 2024.
  6. FY2024Dividend maintained; payout ratio increasedAnnual report

    「Based on the above policy, we decided to pay a dividend of ¥58 per share for the fiscal year. As a result, the payout ratio was 24.8%.」

    The dividend per share was maintained at ¥58, unchanged from the previous fiscal year, while the payout ratio increased from 22.2% to 24.8%. The target payout ratio of 50% continues not to be stated explicitly.
  7. FY2023Higher dividend per share and higher payout ratioAnnual report

    「Our basic policy on dividends is to determine them in line with business performance, taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion. …Based on this policy, we decided to pay a dividend of ¥58 per share for the fiscal year. As a result, the payout ratio was 22.2%.」

    The performance-linked policy without an explicit target payout ratio of 50% continued, with the dividend per share increasing from ¥50 to ¥58 and the payout ratio rising from 21.0% to 22.2%.
  8. FY2023-Q1RestatedAnnual report

    「24 June 2022 Annual General Meeting of Shareholders Common shares ¥72.700 million ¥50 31 March 2022 27 June 2022 Retained earnings」

    A dividend of ¥50 per share, totalling ¥72.700 million, was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 24 June 2022.
  9. FY2022Higher dividend per share and higher payout ratioAnnual report

    「Our basic policy on dividends is to determine them in line with business performance, taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion. Based on this policy, we decided to pay a dividend of ¥50 per share for the fiscal year. As a result, the payout ratio was 21.0%.」

    The target payout ratio of 50% continued not to be stated explicitly. Under the policy of taking business performance, retained earnings and other factors into account, the dividend per share increased from ¥45 to ¥50, while the payout ratio was 21.0%.
  10. FY2022-Q3RestatedAnnual report

    「25 June 2021 Annual General Meeting of Shareholders Common shares ¥65.430 million ¥45 31 March 2021 28 June 2021 Retained earnings」

    A dividend of ¥45 per share, totalling ¥65.430 million, was paid pursuant to a resolution of the Annual General Meeting of Shareholders.
  11. FY2022-Q2RestatedAnnual report

    「25 June 2021 Annual General Meeting of Shareholders Common shares ¥65.430 million ¥45 31 March 2021 28 June 2021 Retained earnings」

    A dividend of ¥45 per share, totalling ¥65.430 million, was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 25 June 2021.
  12. FY2022-Q1RestatedAnnual report

    「25 June 2021 Annual General Meeting of Shareholders Common shares ¥65.430 million ¥45 31 March 2021 28 June 2021 Retained earnings」

    A dividend of ¥45 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 25 June 2021.
  13. FY2021Higher dividend per share and lower payout ratioAnnual report

    「Our basic policy on dividends is to determine them in line with business performance, taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion. Based on this policy, we decided to pay a dividend of ¥45 per share for the fiscal year. As a result, the payout ratio was 19.9%.」

    The target payout ratio of 50% continued not to be stated explicitly. Under the policy of taking business performance, retained earnings and other factors into account, the dividend per share increased from ¥35 to ¥45, while the payout ratio was 19.9%.
  14. FY2021-Q2RestatedAnnual report

    「26 June 2020 Annual General Meeting of Shareholders Common shares ¥50.890 million ¥35 31 March 2020 29 June 2020 Retained earnings」

    A dividend of ¥35 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders.
  15. FY2021-Q1RestatedAnnual report

    「26 June 2020 Annual General Meeting of Shareholders Common shares ¥50.890 million ¥35 31 March 2020 29 June 2020 Retained earnings」

    A dividend of ¥35 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 26 June 2020.
  16. FY2020SoftenedAnnual report

    「Our basic policy on dividends is to determine them in line with business performance, taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion.」

    The explicit reference to a target payout ratio of 50% was removed, and the policy changed to determining dividends after taking business performance, retained earnings and business expansion into account. The dividend for the fiscal year was ¥35 per share, with a payout ratio of 34.3%.
  17. FY2020-Q3RestatedAnnual report

    「21 June 2019 Annual General Meeting of Shareholders Common shares ¥43.680 million ¥30」

    A dividend of ¥30 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 21 June 2019.
  18. FY2020-Q2RestatedAnnual report

    「21 June 2019 Annual General Meeting of Shareholders Common shares ¥43.680 million ¥30」

    A dividend of ¥30 per share was paid during the cumulative quarterly period pursuant to a resolution of the Annual General Meeting of Shareholders.
  19. FY2020-Q1RestatedAnnual report

    「21 June 2019 Annual General Meeting of Shareholders Common shares ¥43.680 million ¥30」

    A dividend of ¥30 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders held on 21 June 2019.
  20. FY2019-Q1RestatedAnnual report

    「22 June 2018 Annual General Meeting of Shareholders Common shares ¥54.390 million ¥30」

    A dividend of ¥30 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders, reaffirming the dividend level for the previous fiscal year.
  21. FY2018RestatedAnnual report

    「Our basic policy on dividends is to pay them based on a target payout ratio of 50%, with the amount determined comprehensively after taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion. Based on this policy, we decided to pay a dividend of ¥30 per share for the fiscal year. As a result, the payout ratio was 48.1%.」

    The policy of using a target payout ratio of 50% was maintained, and a dividend of ¥30 per share was paid for the fiscal year, resulting in a payout ratio of 48.1%.
  22. FY2018-Q1RestatedAnnual report

    「23 June 2017 Annual General Meeting of Shareholders Common shares ¥63.455 million Dividend per share: ¥35」

    A dividend of ¥35 per share was paid during the quarter pursuant to a resolution of the Annual General Meeting of Shareholders.
  23. FY2017RestatedAnnual report

    「Our basic policy on dividends is to pay them based on a target payout ratio of 50%, with the amount determined comprehensively after taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion. Based on this policy, we decided to pay a dividend of ¥35 per share for the fiscal year. As a result, the payout ratio was 63.6%.」

    The policy of using a target payout ratio of 50% was maintained, and a dividend of ¥35 per share was paid for the fiscal year, resulting in a payout ratio of 63.6%.
  24. FY2016First statedAnnual report

    「We recognise the return of profits to shareholders as an important management priority. Our basic policy on dividends is to pay them based on a target payout ratio of 50%, with the amount determined comprehensively after taking into account factors including the enhancement of retained earnings to strengthen our corporate foundation and prepare for proactive business expansion.」

    The policy is to use a target payout ratio of 50% while also taking retained earnings and business expansion into account.
Moved together

"Making Services & Support a Core Revenue Pillar" moved the same way as this thread, in the same document, in 2 of its 27 moves.

2222★1234
  1. ★This thread
  2. 1Making Services & Support a Core Revenue Pillar2×
  3. 2Profit improvement despite declining revenue2×
  4. 3Enhancing the offering of PCs and tablets from domestic manufacturers2×
  5. 4Enhancing Gaming PC Sales and Retaining Customers Through Support2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Zoa yet. It last moved in the General Meetings of Shareholders of 2026-06-04: "Advanced".
News
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Returning profits with a 50% payout ratio as a guideline | ZOA CORPORATION (3375) | Komori