Stable Dividends and a Payout Ratio of at Least 40%
First written in FY2018. 8 of 16 entries say "Restated". Latest entry: 2026-11-11.
- FY2026AdvancedAnnual report
「The annual dividend will be ¥34 per share.」
The annual dividend increased from ¥32 in the previous period to ¥34, exceeding the progressive dividend policy’s annual floor of ¥32 per share. - 2026-06-01AdvancedEarnings presentation
「The per-share interim dividend is scheduled to increase by ¥2.0 to ¥18.0. Together with the year-end dividend of ¥18.0, the annual dividend is expected to be ¥36.0 per share, continuing the progressive dividend policy.」
The company forecast an annual dividend of ¥36 and specified that it would continue its progressive dividend policy. - FY2025ReframedAnnual report
「After comprehensively considering the balance between retained earnings required for future growth investments and improvements to the financial base and shareholder returns through dividends and share repurchases, we will implement progressive dividends with an annual dividend floor of ¥32 per share.」
The dividend policy was restructured from the previous guideline of a payout ratio of at least 40% to progressive dividends with an annual dividend floor of ¥32 per share, taking into account the balance with growth investments, improvements to the financial base and share repurchases. - FY2025-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2024, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2024.」
Under the policy of stable dividends and a payout ratio of at least 40%, the company resolved to pay an interim dividend of ¥16 per share. - FY2024The payout ratio substantially exceeded the targetAnnual report
「As a result, the annual dividend was ¥32 per share and the consolidated payout ratio was 108.6%.」
While continuing its policy of targeting a consolidated payout ratio of at least 40%, the company’s consolidated payout ratio for the period was 108.6%. - FY2024-Q2RestatedAnnual report
「At the Board of Directors meeting held on 10 November 2023, a resolution was passed to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2023.」
Under the shareholder return policy of stable dividends and a payout ratio of at least 40%, the company resolved to pay an interim dividend of ¥16 per share. - FY2023RestatedAnnual report
「Our basic policy is to return profits to shareholders in line with business performance while securing the retained earnings necessary for stable future growth and responding to changes in the business environment, with a consolidated payout ratio target of at least 40%.」
The company continued its policy of targeting a consolidated payout ratio of at least 40%. For the period, the dividend was ¥32 per share and the consolidated payout ratio was 44.1%. - FY2022AdvancedAnnual report
「The year-end dividend for the period was set at ¥43 per share. As a result, the consolidated payout ratio was 40.8%.」
Under the policy of a payout ratio of at least 40%, the per-share dividend increased from ¥35 in the previous period to ¥43, and the consolidated payout ratio was 40.8%. - FY2022-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, the Company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2021.」
Under the previous policy of stable dividends and a payout ratio of at least 40%, the company paid a year-end dividend of ¥35 per share, totaling ¥493.605 million. - FY2021RestatedAnnual report
「Our basic policy is to return profits to shareholders in line with business performance while securing the retained earnings necessary for stable future growth and responding to changes in the business environment, with a consolidated payout ratio target of at least 40%.」
The company continued its policy of a payout ratio of at least 40%. For the period, the dividend was ¥35 per share and the consolidated payout ratio was 40.0%. - FY2021-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 15 May 2020, the Company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2020.」
Under the policy of stable dividends and a payout ratio of at least 40%, the company paid a year-end dividend of ¥44 per share, totaling ¥619.924 million. - FY2021-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 15 May 2020, the Company resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder register as of 31 March 2020.」
Under the policy of stable dividends and a payout ratio of at least 40%, the company paid a year-end dividend of ¥44 per share, totaling ¥619.924 million. - FY2019RestatedAnnual report
「Our basic policy is to return profits to shareholders in line with business performance while securing the retained earnings necessary for stable future growth and responding to changes in the business environment, with a consolidated payout ratio target of at least 40%.」
The company continues its dividend policy of targeting a consolidated payout ratio of at least 40% while securing retained earnings. For the fiscal year ended March 2019, the dividend was ¥44 per share and the consolidated payout ratio was 45.6%. - FY2018First statedAnnual report
「Our basic dividend policy is to continue paying stable dividends and determine the dividend amount with a payout ratio of at least 40% as a guideline.」
For the fiscal year ended March 2018, the company paid a dividend of ¥43 per share.