Balancing Stable Dividends and Retained Earnings
First written in FY2016. 18 of 31 entries say "Restated". Latest entry: 2026-08-07.
1 other company's latest entry also says "Cited as achieved".
- 2026-08-07Cited as achievedFinancial results briefing materials
「The company plans to provide stable shareholder returns even without expecting substantial profit growth, based on an assumed dividend using a DOE of 4.0%.」
The company indicated plans for stable shareholder returns based on DOE of 4.0%, together with projected annual dividends of ¥94 per share and a projected payout ratio of 71.4%. - FY2026RaisedAnnual report
「While accelerating growth investment as part of these initiatives, our basic policy for the 3-year period of the Seventh Medium-Term Management Plan is to make distributions based on the higher of a 50% payout ratio or a 4.0% DOE (dividend on equity) ratio, thereby strengthening shareholder returns together with flexible share repurchases.」
In addition to the previous stable dividend policy targeting a 30% payout ratio, the Seventh Medium-Term Management Plan established a shareholder return policy based on the higher of a 50% payout ratio or a 4.0% DOE, raising the shareholder return standard. - FY2026-H1Increase in the interim dividend to ¥65Annual report
「(b) Amount per share........................¥65」
The interim dividend for the current fiscal year was ¥65 per share, up from ¥60 in the same period of the previous year. The amount is stated on a pre-stock-split basis. - FY2025-H1Increase in the interim dividend to ¥60Annual report
「Common shares 708 60.0」
The interim dividend for the current consolidated interim accounting period was ¥60 per share, up from ¥50 in the same period of the previous year. - FY2024Increase to an annual dividend of ¥120Annual report
「For the current fiscal year, the year-end dividend was set at ¥70 per share. Together with the ¥50 interim dividend already paid, the annual dividend was set at ¥120 per share.」
Under the stable dividend policy targeting a 30% payout ratio, the annual dividend increased from ¥100 in the previous fiscal year to ¥120. - FY2024-Q3RestatedAnnual report
「At a Board of Directors meeting held on 14 November 2023, the company resolved the following matters concerning the interim dividend for the current fiscal year.」
An interim dividend of ¥589 million in total, or ¥50 per share, was approved, continuing the stable dividend policy. - FY2024-Q2RestatedAnnual report
「At a Board of Directors meeting held on 14 November 2023, the company resolved the following matters concerning the interim dividend for the current fiscal year.」
An interim dividend of ¥589 million in total, or ¥50 per share, was approved, continuing the stable dividend policy. - FY2024-Q1RestatedAnnual report
「28 June 2023 Annual General Meeting Common shares 594 50.0」
A year-end dividend of ¥50 per share was paid for the fiscal year ended March 2023, confirming the stable annual dividend policy of ¥100 per share continued from the previous fiscal year. - FY2023Annual dividend of ¥100Annual report
「For the current fiscal year, the year-end dividend was set at ¥50 per share. Together with the ¥50 interim dividend already paid, the annual dividend was set at ¥100 per share.」
The stable dividend policy targeting a 30% payout ratio continued, but the annual dividend fell from ¥120 in the previous fiscal year to ¥100. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2022, the following resolution was passed regarding the interim dividend for the current fiscal year.」
An interim dividend of ¥594 million in total, or ¥50 per share, was approved, continuing the stable dividend policy. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2022, the following resolution was passed regarding the interim dividend for the current fiscal year.」
An interim dividend of ¥594 million in total, or ¥50 per share, was approved for the current fiscal year, continuing the stable dividend policy. - FY2023-Q1RestatedAnnual report
「24 June 2022 Annual General Meeting Common shares 858 70.0」
A year-end dividend totaling ¥858 million, or ¥70 per share, was paid for the fiscal year ended March 2022, continuing the stable dividend policy. - FY2022Annual dividend of ¥120; payout ratio target of 30%Annual report
「Our basic policy is to regard returning profits to shareholders as an important management priority and to strive to pay stable dividends targeting a payout ratio of 30%, after comprehensively considering such factors as strengthening our financial foundation in preparation for the future business environment and returning profits through share repurchases.」
While continuing the stable dividend policy, the wording for the payout ratio changed from a target of at least 30% to a target of 30%. The annual dividend for the current fiscal year was ¥120 per share. - FY2022-Q2Increase in the interim dividendAnnual report
「Common shares 668 50.0」
An interim dividend totaling ¥668 million, or ¥50 per share, was approved for the record date of 30 September 2021. - FY2022-Q1Increase in annual dividend track recordAnnual report
「24 June 2021 Annual General Meeting Common shares 1,002 75.0」
A dividend totaling ¥1,002 million, or ¥75 per share, was paid for the fiscal year ended March 2021. The dividend increased from ¥50 per share in the previous fiscal year. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 12 November 2019, the following resolution was passed regarding the interim dividend for the current fiscal year.」
An interim dividend of ¥347 million in total, or ¥25 per share, was approved, continuing the stable dividend policy. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 12 November 2019, the following resolution was passed regarding the interim dividend for the current fiscal year.」
An interim dividend of ¥347 million in total, or ¥25 per share, was approved, continuing the stable dividend policy. - FY2020-Q1RestatedAnnual report
「Common shares 693 50.0」
A dividend totaling ¥693 million, or ¥50 per share, was paid for the fiscal year ended March 2019, continuing the stable dividend policy. - FY2019-Q3RestatedAnnual report
「(a) Total dividends..............................¥346 million (b) Amount per share......................¥25」
An interim dividend of ¥346 million in total, or ¥25 per share, was paid, continuing the stable dividend policy. - FY2019-Q2RestatedAnnual report
「Total dividends.................................¥346 million Amount per share........................¥25」
An interim dividend of ¥346 million in total, or ¥25 per share, was approved, continuing the stable dividend policy. - FY2018RestatedAnnual report
「Our basic management policy is to continue paying stable dividends to our shareholders. At the same time, amid major changes in our industry, we regard retaining earnings for future business development as an important priority in order to further enhance corporate value. We will therefore aim for a payout ratio of at least 30% and pursue a balanced allocation of profits.」
The company continues its profit allocation policy of stable dividends, retained earnings for future investment, and a payout ratio of at least 30%. The annual dividend was ¥50 per share. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2017, the following resolution was passed regarding the interim dividend for the current fiscal year.」
An interim dividend of ¥346 million in total, or ¥25 per share, was approved, continuing the stable dividend policy. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2017, the following resolution was passed regarding the interim dividend for the current fiscal year.」
An interim dividend of ¥346 million in total, or ¥25 per share, was approved, continuing the stable dividend policy. - FY2018-Q1RestatedAnnual report
「23 June 2017 Annual General Meeting Common shares 670 45.0」
A dividend totaling ¥670 million, or ¥45 per share, was paid on common shares for the fiscal year ended March 2017. - FY2017The target payout ratio was explicitly stated.Annual report
「Our basic management policy is to continue paying stable dividends to our shareholders. At the same time, amid major changes in our industry, we regard retaining earnings for future business development as an important priority in order to further enhance corporate value. We will therefore aim for a payout ratio of at least 30% and pursue a balanced allocation of profits.」
The previous policy of balancing stable dividends with retained earnings has been supplemented by a target payout ratio of at least 30%. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2016, the Company passed the following resolution concerning the interim dividend for the current fiscal year.」
A stable interim dividend of ¥372 million in total, or ¥2.50 per share, is being paid. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2016, the Company passed the following resolution concerning the interim dividend for the current fiscal year.」
A total interim dividend of ¥372 million, or ¥2.50 per share, was approved, indicating the continuation of stable dividends. - FY2017-Q1RestatedAnnual report
「24 June 2016 Annual General Meeting of Shareholders Common shares 371 2.50」
For common shares for the fiscal year ended March 2016, dividends totaling ¥371 million, or ¥2.50 per share, were paid, unchanged from the amount paid and dividend per share in the same period of the previous year. - FY2016First statedAnnual report
「The Company has made the continued payment of stable dividends to shareholders a basic management policy. At the same time, amid major changes in the industry, it regards retaining earnings for future business development as an important priority in order to further enhance corporate value, and will pursue a balanced allocation of profits.」
The policy is to balance stable dividends with retained earnings for future investment.