Policy targeting an early resumption of dividend payments and a payout ratio of 25–35%
First written in FY2016. 3 of 11 entries say "Softened", first in FY2017. Latest entry: FY2025.
Media Kobo moved to the "Worse" side of this theme in 2017, 9 years before the typical company in this theme (2026).
70 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We regard the return of profits to shareholders as one of our key management priorities. After comprehensively considering the enhancement of retained earnings, business investment and operating performance in each fiscal year, our basic policy is to pay dividends from retained earnings once a year as a year-end dividend, using a payout ratio of 25% to 35% as an indicator.」
The policy of paying one year-end dividend annually, using a payout ratio of 25% to 35% as an indicator, remains in place, but no dividend was paid for the fiscal year under review. - FY2024Payout ratio indicator restatedAnnual report
「We regard the return of profits to shareholders as one of our key management priorities. After comprehensively considering the enhancement of retained earnings, business investment and operating performance in each fiscal year, our basic policy is to pay dividends from retained earnings once a year as a year-end dividend, using a payout ratio of 25% to 35% as an indicator.」
The 25% to 35% payout ratio indicator, which had become less specific in previous disclosures, was restated together with the policy of paying one year-end dividend annually. However, no dividend was paid for the fiscal year under review. - FY2024-Q1Decrease in dividend per share after dividend resumptionAnnual report
「24 November 2023 Annual General Meeting of Shareholders Common shares 30,236 3.0 31 August 2023 27 November 2023 Retained earnings」
We paid a dividend following the previous fiscal year, when dividends were resumed for the first time in 7 fiscal periods, but the dividend per share decreased from ¥4.5 to ¥3. - FY2023-Q1AchievedAnnual report
「25 November 2022 Annual General Meeting of Shareholders Common shares 45,355 4.50 31 August 2022 28 November 2022 Retained earnings」
The dividend resumption policy was implemented through the payment of a ¥4.50-per-share dividend on 28 November 2022. - FY2022AchievedAnnual report
「We decided to resume dividend payments for the first time in 7 fiscal periods since the fiscal year ended August 2015. After taking into account the results for the fiscal year under review, our financial position and our business plan for the fiscal year ending August 2023, we set the dividend at ¥4.50 per share. The payout ratio will be 29.5%.」
The previously announced policy of resuming dividends was implemented, with a dividend of ¥4.50 per share and a payout ratio of 29.5% decided for the first time in 7 fiscal periods. - FY2021RestatedAnnual report
「Regarding the resumption of dividend payments, we will focus more than ever on each of our businesses and strive to meet the expectations of our shareholders by securing sufficient retained earnings to enable dividend payments from the next fiscal year onward.」
The company continues its policy of resuming dividends conditional on securing sufficient retained earnings, without specifying a particular payout ratio. - FY2020RestatedAnnual report
「Regarding the resumption of dividends, we will focus on each business more than ever and make every effort to meet shareholders' expectations so that dividends can be resumed from the next fiscal year onward after securing sufficient retained earnings.」
The company continues its policy of resuming dividends conditional on securing sufficient retained earnings, without specifying a particular payout ratio. - FY2019SoftenedAnnual report
「Regarding the resumption of dividends, we will focus on each business more than ever and make every effort to meet shareholders' expectations so that dividends can be resumed from the next fiscal year onward by securing sufficient retained earnings.」
The policy of resuming dividends remains in place, but the previous specific payout ratio of 25–35% is not stated, and the wording continues to make resumption conditional on securing retained earnings. - FY2018SoftenedAnnual report
「Regarding the resumption of dividends, we will focus on each business more than ever and make every effort to meet shareholders' expectations so that dividends can be resumed from the next fiscal year onward once sufficient retained earnings have been secured.」
The policy of resuming dividends was maintained, but the specific 25–35% payout ratio was no longer stated, and the wording made the resumption conditional on securing sufficient retained earnings. - FY2017SoftenedAnnual report
「With respect to dividends for the next fiscal year, we will basically manage the business with a target payout ratio of 25%–35%. However, because there are many uncertainties regarding trends in the game content business and new businesses, we have decided not to issue a dividend forecast.」
The policy of a 25–35% payout ratio was maintained, but publication of a dividend forecast for the next fiscal year was deferred because of uncertainties. - FY2016First statedAnnual report
「From the next fiscal year onward, we will focus on each business more than ever so that we can resume dividends at an early date, and will make every effort to meet shareholders' expectations. With respect to dividends for the next fiscal year, we will basically manage the business with a target payout ratio of 25%–35%.」
Although no dividend will be paid for the current fiscal year, the company has for the first time explicitly stated a policy targeting an early resumption of dividends and a payout ratio of 25–35%.