Equity Ratio of at Least 30% and Stable, Sustainable Dividends
First written in FY2016. 7 of 44 entries say "Restated". Latest entry: 2026-09-25.
63 other companies' latest entry also says "Restated".
- 2026-09-25RestatedManagement Planning
「Payout ratio of 30% or more」
中期経営計画の主要経営指標として配当性向30％以上を再掲し、安定的な配当を継続する方針を示している。 - FY2026Improved equity ratio and higher dividend, but target not achievedAnnual report
「The company will continue to target an equity ratio of 30.0% as its basic level, while strengthening retained earnings and paying dividends to shareholders. For the current fiscal year, it plans to pay a regular dividend of ¥46.0 per share, representing a consolidated dividend payout ratio of 63.2%.」
The consolidated equity ratio improved from 25.6% to 28.0%, but remained below the basic level of 30%. Meanwhile, the regular dividend is scheduled to increase from ¥45 to ¥46 per share. - FY2026-H1RestatedAnnual report
「26 September 2025 Annual General Meeting of Shareholders Common shares 898 45.0 30 June 2025 29 September 2025 Retained earnings」
In September 2025, the company paid a dividend of ¥45 per common share, totaling ¥898 million. The equity ratio at the interim period-end was 25.6%, and remained below the basic level of 30%. - FY2025Improved equity ratio, but target unmet, and higher dividendAnnual report
「The company will continue to target an equity ratio of 30.0% as its basic level, while strengthening retained earnings and paying dividends to shareholders. For the current fiscal year, it plans to pay a regular dividend of ¥45.0 per share, representing a consolidated dividend payout ratio of 37.9%.」
The consolidated equity ratio improved from 21.6% in the previous fiscal year to 25.6%, but remained below the basic level of 30%. Meanwhile, the regular dividend is scheduled to increase from ¥43 to ¥45 per share. - FY2025-H1Improved equity ratio, but target unmet, and higher dividendAnnual report
「Equity ratio (%) 20.0 23.4 21.6」
The equity ratio improved from 21.6% at the end of the previous fiscal year to 23.4%, but remained below the previous 30% target. In September 2024, the company paid a dividend of ¥43 per common share, totaling ¥855 million. - FY2024-Q3Improved equity ratio, but continued failure to meet the targetAnnual report
「Equity ratio (%) 20.4 20.6 18.5」
The equity ratio at the end of the third quarter was 20.6%, an improvement from 18.5% at the end of the previous consolidated fiscal year, but below the 30% target. - FY2024-Q2Improved equity ratio, but target unmet, and dividend paymentAnnual report
「Equity ratio (%) 20.8 20.0 18.5」
The equity ratio improved from 18.5% at the end of the previous consolidated fiscal year to 20.0%, but remains below the 30% target. In September 2023, a dividend of ¥40 per common share, totaling ¥782 million, was paid. - FY2024-Q1Slight improvement in the equity ratio, but target unmet, and dividend paymentAnnual report
「Equity ratio (%) 19.8 18.8 18.5」
The equity ratio improved slightly from 18.5% at the end of the previous consolidated fiscal year to 18.8%, but remains below the 30% target. In September 2023, a dividend of ¥40 per common share, totaling ¥782 million, was paid. - FY2023Declining equity ratio, failure to meet the target, and higher dividendAnnual report
「Target figures Fiscal year ended June 2022 Fiscal year ended June 2023 Ordinary profit margin on net sales (%) At least 10% 7.1 6.8 Equity ratio (%) At least 30% 21.1 18.5」
The equity ratio declined from 21.1% in the previous fiscal year to 18.5%, below the 30% target. Meanwhile, the regular dividend was ¥40 per share and the consolidated payout ratio was 35.7%, with the policy of building retained earnings and paying dividends in parallel continuing. - FY2023-Q3Declining equity ratio and continued failure to meet the targetAnnual report
「Equity ratio (%) 23.2 20.4 21.1」
The equity ratio at the end of the third quarter was 20.4%, down from 21.1% at the end of the previous consolidated fiscal year. It remains below the 30% equity ratio target. - FY2023-Q2Declining equity ratio and dividend paymentAnnual report
「Equity ratio (%) 22.0 20.8 21.1」
The equity ratio declined from 21.1% at the end of the previous consolidated fiscal year to 20.8%, below the 30% target. Meanwhile, in September 2022, a dividend of ¥36 per common share, totaling ¥704 million, was paid. - FY2023-Q1Declining equity ratio and higher dividendAnnual report
「Equity ratio (%) 20.2 19.8 21.1」
The equity ratio declined from 21.1% at the end of the previous consolidated fiscal year to 19.8%, below the 30% target. Meanwhile, in September 2022, a dividend of ¥36 per common share, totaling ¥704 million, was paid. - FY2022-Q3Improved equity ratio but target not achievedAnnual report
「Equity ratio (%) 21.9 23.2 22.4」
The equity ratio at the end of the third quarter was 23.2%, an improvement from 22.4% at the end of the previous fiscal year, but below the 30% equity ratio target. - FY2022-Q2Declining equity ratio and dividend paymentAnnual report
「Equity ratio (%) 22.3 22.0 22.4」
The equity ratio declined from 22.4% at the end of the previous fiscal year to 22.0%, below the 30% target. In September 2021, a dividend of ¥30 per share, totaling ¥586,664 thousand, was paid. - FY2022-Q1Declining equity ratio and dividend paymentAnnual report
「Equity ratio (%) 21.4 20.2 22.4」
The equity ratio declined from 22.4% at the end of the previous fiscal year to 20.2%, below the 30% target. In September 2021, a dividend of ¥30 per common share, totaling ¥586,664 thousand, was paid. - FY2021Improved equity ratio, but target still unmet, and higher dividendAnnual report
「The Group targets an ordinary profit margin on net sales of 10% and an equity ratio of 30%. At present, it will maintain a balance while closely monitoring the following 2 management indicators and work to expand its business sustainably.」
The equity ratio for the fiscal year ended June 2021 was 22.4%, an improvement from 21.3% in the previous fiscal year, although it did not reach the 30% target. The regular dividend increased from ¥19 to ¥30 per share, and the consolidated payout ratio was 36.2%. - FY2021-Q3Declining equity ratio and continued failure to meet the targetAnnual report
「Equity ratio (%) 23.0 21.9 21.3」
The equity ratio at the end of the third quarter was 21.9%, down from 22.3% at the end of the second quarter and below the 30% target. - FY2021-Q2Slight improvement in the equity ratio, but target still unmetAnnual report
「Equity ratio (%) 22.4 22.3 21.3」
The equity ratio at the end of the second quarter was 22.3%, an improvement from 21.4% at the end of the first quarter, but below the 30% target. A dividend of ¥370,315 thousand, or ¥19 per share, was also paid. - FY2021-Q1Failure to meet the equity ratio target and dividend paymentAnnual report
「Equity ratio (%) 22.9 21.4 21.3」
The equity ratio at the end of the first quarter was 21.4%, below the 30% target. In September 2020, a dividend of ¥19 per common share, totaling ¥370,315 thousand, was paid. - FY2020Declining equity ratio, failure to meet the target, and continued dividend paymentsAnnual report
「The policy remains to maintain an equity ratio of 30.0% as the basic target level while strengthening retained earnings and paying dividends to shareholders in parallel. For the fiscal year, the company will pay a regular dividend of ¥19.0 per share, with a consolidated payout ratio of 35.9%.」
The equity ratio was 21.3%, below the 30% target. Meanwhile, the policy of maintaining 30% as the basic target level and paying dividends continued, with a dividend of ¥19 per share and a consolidated payout ratio of 35.9% for the period. - FY2020-Q3Slight improvement in the equity ratio, but target still unmetAnnual report
「Equity ratio (%) 28.6 23.0 27.8」
The equity ratio at the end of the third quarter was 23.0%, a slight improvement from 22.4% at the end of the second quarter, but still below the 30% target. - FY2020-Q2Declining equity ratio and continued failure to meet the targetAnnual report
「Equity ratio (%) 28.4 22.4 27.8」
The equity ratio at the end of the second quarter was 22.4%, below both 22.9% at the end of the previous quarter and the 30% target. - FY2020-Q1Failure to meet the equity ratio target and dividend paymentAnnual report
「Equity ratio (%) 30.0 22.9 27.8」
The equity ratio at the end of the first quarter was 22.9%, below both 27.8% at the end of the previous fiscal year and the 30% target. Meanwhile, a dividend of ¥37 per common share, totaling ¥719,129 thousand, was paid for the fiscal year ended June 2019. - FY2019Failure to meet the equity ratio target and continued dividend paymentsAnnual report
「Target figures Fiscal year ended June 2018 Fiscal year ended June 2019 Ordinary profit margin on net sales (%) At least 10% 8.5 9.5 Equity ratio (%) At least 30% 31.6 27.8」
The equity ratio was 27.8%, below the basic target level of at least 30%. Meanwhile, the policy of stable and consistent dividends was maintained, with a regular dividend of ¥37 per share and a consolidated payout ratio of 35.8%. - FY2019-Q3Slight improvement in the equity ratio, but target still unmetAnnual report
「Equity ratio (%) 22.0 28.6 31.6」
The equity ratio at the end of the third quarter was 28.6%, below 31.6% at the end of the previous fiscal year and still short of the previous target of 30%. - FY2019-Q2Failure to meet the equity ratio targetAnnual report
「Equity ratio (%) 26.9 28.4 31.6」
The equity ratio at the end of the second quarter was 28.4%, below both 31.6% at the end of the previous fiscal year and the previous target of 30%. - FY2019-Q1RestatedAnnual report
「Equity ratio (%) 14.3 30.0 31.6」
The equity ratio at the end of the first quarter was 30.0%, down from 31.6% at the end of the previous fiscal year, but still at the previous target level of 30%. - FY2018AchievedAnnual report
「The Group targets an ordinary profit margin on net sales of 10% and an equity ratio of 30%.」
The equity ratio reached 31.6% in the fiscal year ended June 2018, exceeding the previous target level of at least 30% for the first time. The dividend consisted of a regular dividend of ¥45 per share, with a consolidated payout ratio of 30.0%, and the policy of stable and consistent dividends was maintained. - FY2018-Q3Declining equity ratio and continued failure to meet the targetAnnual report
「Equity ratio (%) 14.4 22.0 13.7」
The equity ratio at the end of the third quarter was 22.0%, down from 26.9% at the end of the second quarter. It has not yet reached the medium-term target of at least 30.0%. - FY2018-Q2AdvancedAnnual report
「Equity ratio (%) 15.4 26.9 13.7」
The equity ratio at the end of the second quarter was 26.9%, a significant increase from 13.7% at the end of the previous fiscal year. Although it has not yet reached the medium-term target of at least 30.0%, it has moved closer to the target level. - FY2018-Q1Slight improvement in the equity ratio, but target still unmetAnnual report
「Equity ratio (%) 15.7 14.3 13.7」
The equity ratio at the end of the first quarter was 14.3%, a slight increase from 13.7% at the end of the previous fiscal year, but it remains below the medium-term target of at least 30.0%. - FY2017Higher dividend and continued failure to meet the equity ratio targetAnnual report
「In the medium term, the policy is to target an equity ratio of 30.0%, while strengthening retained earnings and paying dividends to shareholders in parallel. For the fiscal year, the company will pay a total dividend of ¥20 per share, comprising a ¥3 commemorative dividend per share for the listing on the First Section of the Tokyo Stock Exchange and a regular dividend of ¥17 per share, with a consolidated payout ratio of 23.0%.」
The target equity ratio of at least 30.0% and the policy of stable and consistent dividends were maintained. Meanwhile, the consolidated equity ratio remained below target at 13.7%, and the dividend for the period was ¥20 per share, including the commemorative dividend for the listing on the First Section of the Tokyo Stock Exchange. - FY2017-Q3Further decline in the equity ratioAnnual report
「Equity ratio (%) 17.3 14.4 16.8」
The equity ratio at the end of the third quarter was 14.4%, below both 15.4% at the end of the second quarter and 16.8% at the end of the previous fiscal year. The equity ratio remains below the medium-term target of at least 30.0%. - FY2017-Q2Further decline in the equity ratioAnnual report
「Equity ratio (%) 18.3 15.4 16.8」
The equity ratio at the end of the second quarter was 15.4%, below both 15.7% at the end of the previous quarter and 16.8% at the end of the previous fiscal year. The equity ratio remains below the medium-term target of at least 30.0%. - FY2017-Q1Equity ratio below the target levelAnnual report
「Equity ratio (%) 17.2 15.7 16.8」
The equity ratio at the quarter-end was 15.7%, down from 16.8% at the end of the previous fiscal year and below the medium-term target of at least 30.0%. - FY2016First statedAnnual report
「In the medium term, the policy is to target an equity ratio of at least 30.0%, while strengthening retained earnings and paying dividends to shareholders in parallel.」
The basic policy is to pay stable and consistent dividends while securing retained earnings for strengthening the financial position and expanding the business to achieve sustainable growth and enhance corporate value. The dividend for the period is ¥16 per share, with a consolidated payout ratio of 18.1%.