Stable, Sustainable Dividends and a Payout Ratio of Approximately 30%
First written in FY2016. 26 of 32 entries say "Restated". Latest entry: 2026-08-13.
- 2026-08-13ReframedEarnings presentation
「Shareholder returns will be provided according to business performance and financial position, with a dividend per share of ¥65 as the floor.」
In place of the previous guideline of a payout ratio of approximately 30%, the company presents a framework consisting of a per-share dividend floor and returns based on business performance and financial position. - FY2026SoftenedAnnual report
「We regard returning profits to shareholders as an important management issue and have adopted a policy of adjusting annual dividends in line with increases in profit while securing a certain level of funds for business growth.」
This filing does not specify the previously stated target of a consolidated payout ratio of approximately 30%; the disclosure has shifted to a policy of adjusting dividends in line with increases in profit while securing funds for business growth. - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 13 November 2025, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2025 as follows: (1) Total interim dividend amount: ¥1,572 million; (2) Amount per share: ¥100.00.」
The company continues to pay interim dividends from retained earnings and resolved to pay ¥1,572 million in total, or ¥100 per share. No change to the dividend policy itself was indicated. - FY2025-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 11 November 2024, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2024 as follows: (1) Total interim dividend amount: ¥1,012 million; (2) Amount per share: ¥65.00.」
The company continues to pay interim dividends from retained earnings. No change to the dividend policy was indicated. - FY2024-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 13 November 2023, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2023 as follows: (1) Total interim dividend amount: ¥1,871,715 thousand; (2) Amount per share: ¥118.00.」
The company resolved to pay an interim dividend from retained earnings totaling ¥1,871,715 thousand, or ¥118 per share. No change to the policy of paying stable and consistent dividends or targeting a payout ratio of approximately 30% was indicated. - FY2024-Q1RestatedAnnual report
「26 June 2023 Annual General Meeting of Shareholders Common shares 1,427,536 90 31 March 2023 27 June 2023 Retained earnings」
A year-end dividend from retained earnings totaling ¥1,427,536 thousand, or ¥90 per share, was paid. No change to the dividend policy was indicated. - FY2023RestatedAnnual report
「Dividends from retained earnings are based on consolidated earnings, with a target consolidated payout ratio of approximately 30%, except in cases involving extraordinary earnings or losses.」
The policy of targeting a consolidated payout ratio of approximately 30% is continuing. For the fiscal year ended March 2023, the company resolved to pay an interim dividend of ¥140, a year-end dividend of ¥90 and an annual dividend of ¥230, resulting in a payout ratio of 43.9%. - FY2023-Q3RestatedAnnual report
「10 November 2022 Board of Directors (Note) 2 Common shares 2,220,465 140 30 September 2022 6 December 2022 Retained earnings」
An interim dividend from retained earnings of ¥140 per share, totaling ¥2,220,465 thousand, was paid, and no change to the policy of paying stable and consistent dividends was indicated. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2022, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2022 as follows: (1) Total interim dividend amount: ¥2,220,465 thousand; (2) Amount per share: ¥140.00.」
The company resolved to pay an interim dividend from retained earnings of ¥140 per share, totaling ¥2,220,465 thousand. No change to the policy of paying stable and consistent dividends or targeting a consolidated payout ratio of approximately 30% was indicated. - FY2022RestatedAnnual report
「Dividends from retained earnings are based on consolidated earnings, with a target consolidated payout ratio of approximately 30%, except in cases involving extraordinary earnings or losses.」
The policy of paying stable and consistent dividends and targeting a consolidated payout ratio of approximately 30% is continuing. For the fiscal year ended March 2022, the company resolved to pay an interim dividend of ¥115 and a year-end dividend of ¥150. - FY2022-Q3RestatedAnnual report
「9 November 2021 Board of Directors (Note) 2 Common shares 1,823,470 115 30 September 2021 6 December 2021 Retained earnings」
An interim dividend from retained earnings totaling ¥1,823,470 thousand, or ¥115 per share, was paid, and no change to the policy of paying stable and consistent dividends was indicated. - FY2022-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2021, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2021 as follows: (1) Total interim dividend amount: ¥1,823,470 thousand; (2) Amount per share: ¥115.00.」
The company resolved to pay an interim dividend from retained earnings, and no change to the policy of paying stable and consistent dividends was indicated. - FY2022-Q1RestatedAnnual report
「25 June 2021 Annual General Meeting of Shareholders Common shares ¥1,352,078 thousand 95 31 March 2021 28 June 2021 Retained earnings」
A year-end dividend from retained earnings totaling ¥1,352,078 thousand, or ¥95 per share, was paid. No change to the policy of paying stable and consistent dividends was indicated. - FY2021-Q2RestatedAnnual report
「10 November 2020 Board of Directors Common shares 626,225 44 30 September 2020 7 December 2020 Retained earnings」
The company resolved to pay an interim dividend from retained earnings totaling ¥626,225 thousand, or ¥44 per share. No change to the policy of paying stable and consistent dividends was indicated. - FY2021-Q1RestatedAnnual report
「25 June 2020 Annual General Meeting of Shareholders Common shares 483,903 34 31 March 2020 26 June 2020 Retained earnings」
A year-end dividend from retained earnings totaling ¥483,903 thousand, or ¥34 per share, was paid. No change to the policy of paying stable and consistent dividends was indicated. - FY2020RestatedAnnual report
「Dividends from retained earnings are based on consolidated earnings, with a target consolidated payout ratio of approximately 30%, except in cases involving extraordinary earnings or losses.」
The policy of paying stable and consistent dividends and targeting a consolidated payout ratio of approximately 30% is continuing. For the fiscal year ended March 2020, the company resolved to pay an interim dividend of ¥42 and a year-end dividend of ¥34. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 11 November 2019, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2019 as follows: (1) Total dividend amount: ¥597,763 thousand; (2) Amount per share: ¥42.00.」
The company resolved to pay an interim dividend from retained earnings totaling ¥597,763 thousand, or ¥42 per share. No change to the policy of paying stable and consistent dividends was indicated. - FY2019RestatedAnnual report
「Dividends from retained earnings are based on consolidated earnings, with a target consolidated payout ratio of approximately 30%, except in cases involving extraordinary earnings or losses.」
The policy of paying stable and consistent dividends and targeting a consolidated payout ratio of approximately 30% is continuing. - FY2019-Q2RestatedAnnual report
「9 November 2018 Board of Directors Common shares ¥597,763 thousand Dividend per share ¥42 30 September 2018 10 December 2018 Retained earnings」
No change to the policy of targeting a consolidated payout ratio of approximately 30% was indicated. The company resolved to pay an interim dividend of ¥42 per share from retained earnings. - FY2019-Q1RestatedAnnual report
「26 June 2018 Annual General Meeting of Shareholders Common shares ¥512,368 thousand Dividend per share ¥36 31 March 2018 27 June 2018 Retained earnings」
A year-end dividend from retained earnings totaling ¥512,368 thousand, or ¥36 per share, was paid. No change to the dividend policy itself was indicated. - FY2018RestatedAnnual report
「Dividends from retained earnings are based on consolidated earnings, with a target consolidated payout ratio of approximately 30%, except in cases involving extraordinary earnings or losses.」
The policy of targeting a consolidated payout ratio of approximately 30% is continuing. - FY2018-Q3RestatedAnnual report
「10 November 2017 Board of Directors Common shares ¥498,135 thousand Dividend per share ¥35 30 September 2017 11 December 2017 Retained earnings」
The company disclosed that it paid an interim dividend of ¥35 per share, totaling ¥498,135 thousand, from retained earnings. - FY2018-Q2RestatedAnnual report
「10 November 2017 Board of Directors Common shares ¥498,135 thousand Dividend per share ¥35 30 September 2017 4 December 2017 Retained earnings」
The company resolved to pay an interim dividend of ¥35 per share, totaling ¥498,135 thousand, from retained earnings. - FY2018-Q1RestatedAnnual report
「27 June 2017 Annual General Meeting of Shareholders Common shares 910,880 64 31 March 2017 28 June 2017 Retained earnings」
Following the stock split, a dividend of ¥64 per share, totaling ¥910,880 thousand, was paid from retained earnings. - FY2017-Q3RestatedAnnual report
「27 June 2016 Annual General Meeting of Shareholders Common shares 498,137 70 31 March 2016 28 June 2016 Retained earnings」
The company continues to disclose that it paid a dividend of ¥70 per share from retained earnings. - FY2017-Q2RestatedAnnual report
「Common shares ¥498,137 thousand Dividend per share ¥70 Record date 31 March 2016 Effective date 28 June 2016 Source of dividend Retained earnings」
A dividend of ¥70 per share was paid from retained earnings. - FY2016First statedAnnual report
「Our basic policy is to pay stable and consistent dividends to shareholders. Dividends from retained earnings are to be based on consolidated earnings from the following fiscal year, with a target consolidated payout ratio of approximately 30%, except in cases involving extraordinary earnings or losses.」
On the premise of balancing dividends with retained earnings, the company has set a target consolidated payout ratio of approximately 30% from the following fiscal year.