Gradually raise the payout ratio and maintain ROE of at least 10%
First written in FY2016. 19 of 26 entries say "Restated". Latest entry: FY2026.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We aim to maintain ROE at a stable and sustained level of at least 10%, and it was 17.4% for the consolidated fiscal year.」
ROE was 17.4%, exceeding the policy target of maintaining a stable and sustained level of at least 10%. The policy of targeting a dividend payout ratio of 50% also remains in place. - FY2025AdvancedAnnual report
「The Company aims to stably and continuously maintain ROE at 10% or higher, and ROE was 11.3% for the fiscal year.」
ROE was 11.3%, exceeding the policy level of 10% or higher on a stable and continuous basis. The policy of targeting a payout ratio of approximately 50% also remains in place. - FY2024-Q3RestatedAnnual report
「○Aiming to further enhance shareholder returns ・Aiming for stable, high dividends with a payout ratio of approximately 50% ・Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and the target of maintaining ROE stably and continuously at 10% or higher. - FY2024-Q2RestatedAnnual report
「3) Shareholder return policy ○Aiming to further enhance shareholder returns ・Aiming for stable, high dividends with a payout ratio of approximately 50% ・Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2024-Q1RestatedAnnual report
「3) Shareholder return policy ○Aiming to further enhance shareholder returns ・Aiming for stable, high dividends with a payout ratio of approximately 50% ・Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2023-Q3RestatedAnnual report
「○Aiming to further enhance shareholder returns ・Aiming for stable, high dividends with a payout ratio of approximately 50% ・Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and the target of maintaining ROE stably and continuously at 10% or higher. - FY2023-Q1RestatedAnnual report
「3) Shareholder return policy ○Aiming to further enhance shareholder returns ・Aiming for stable, high dividends with a payout ratio of approximately 50% ・Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2022-Q3RestatedAnnual report
「◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and the target of maintaining ROE stably and continuously at 10% or higher. - FY2022-Q2RestatedAnnual report
「◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2022-Q1RestatedAnnual report
「◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2021AdvancedAnnual report
「For the fiscal year, operating profit, ordinary profit and net income attributable to owners of the parent were at record-high levels. Under the policy of “aiming for stable, high dividends with a payout ratio of approximately 50%” and “aiming to stably and continuously maintain ROE at 10% or higher,” the Company increased its annual dividend by ¥10 from the previous fiscal year to ¥120 per share.」
ROE was 14.5% for the fiscal year ending March 2021, exceeding the policy level of 10% or higher. The annual dividend increased to ¥120 per share, and the payout ratio for the following fiscal year was expected to be 50.2%. - FY2021-Q3RestatedAnnual report
「The key elements of the Group’s medium-term management plan (fiscal years ending March 2020 through March 2022) are as follows. 4) Shareholder return policy ◎Aiming to further enhance shareholder returns ◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and the target of ROE of at least 10% under the medium-term management plan for the fiscal years ending March 2020 through March 2022. - FY2021-Q2RestatedAnnual report
「◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2021-Q1RestatedAnnual report
「◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
Continuing the policy of targeting a payout ratio of approximately 50% and maintaining ROE stably and continuously at 10% or higher. - FY2020RestatedAnnual report
「Aiming to further enhance shareholder returns ◎Aiming for stable, high dividends with a payout ratio of approximately 50% ◎Aiming to stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher」
The new medium-term management plan explicitly sets a target payout ratio of approximately 50% and a policy of maintaining ROE at 10% or higher. ROE was not calculated for the fiscal year ending March 2020 because the Company reported a net loss. - FY2020-Q3RestatedAnnual report
「Under the medium-term management plan for the fiscal years ending March 2020 through March 2022, the Group is strengthening the foundations of its existing businesses and aggressively promoting new businesses to enhance corporate value and further enhance shareholder returns, while pursuing ① sustainable growth, ② improved profitability, and ③ further enhancement of shareholder returns.」
Continuing the policy of further enhancing shareholder returns under the new medium-term management plan. This filing does not specify numerical targets for the payout ratio or ROE. - FY2020-Q2RestatedAnnual report
「Under the medium-term management plan for the fiscal years ending March 2020 through March 2022, the Group is strengthening the foundations of its existing businesses and aggressively promoting new businesses to enhance corporate value and further enhance shareholder returns, while pursuing ① sustainable growth, ② improved profitability, and ③ further enhancement of shareholder returns.」
The new medium-term management plan also continues to identify further enhancement of shareholder returns as one of its objectives. - FY2020-Q1RestatedAnnual report
「Under the medium-term management plan for the fiscal years ending March 2020 through March 2022, the Group is working as one SRA Group to strengthen the foundations of its existing businesses and aggressively promote new businesses, with the aim of enhancing corporate value and further enhancing shareholder returns. It is pursuing the achievement of its final-year targets through three priorities: ① sustainable growth, ② improved profitability, and ③ further enhancement of shareholder returns.」
The new medium-term management plan also continues to identify further enhancement of shareholder returns as one of its objectives. This filing does not specify numerical targets for the payout ratio or ROE. - FY2019-Q3RestatedAnnual report
「Against this business backdrop, the Group is pursuing the following priority initiatives under its medium-term management plan to enhance corporate and shareholder value, establish a high-profitability model through reforms to its earnings structure, and further enhance shareholder returns.」
Continuing its policy of enhancing shareholder returns under the medium-term management plan. This filing does not reiterate specific targets of a 50% payout ratio or ROE of at least 10%. - FY2018AdvancedAnnual report
「The Company aimed to “achieve a target payout ratio of 50%” and to “continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher.”」
The payout ratio for the current fiscal year was 65.4% and ROE was 10.0%, demonstrating performance against the stated payout ratio and ROE targets. The payout ratio for the following fiscal year is expected to be 46.1%. - FY2018-Q3RestatedAnnual report
「To enhance corporate and shareholder value, the Company formulated a medium-term management plan covering the 3 years from fiscal 2015 through fiscal 2017 (the fiscal years ending March 2016 through March 2018), under which it is pursuing reforms to its earnings structure and establishing a high-profitability business model, while further enhancing shareholder returns through the following priority initiatives.」
Continuing its policy of enhancing shareholder returns under the medium-term management plan. This filing does not reiterate specific targets of a 50% payout ratio or ROE of at least 10%. - FY2017AdvancedAnnual report
「The Company aims to “gradually increase its target payout ratio, with a target of 50% in the final year (the fiscal year ending March 2018)” and to “stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher.”」
ROE was 13.8% for the fiscal year ending March 2017, while the payout ratio for the following fiscal year was expected to be 51.4%, demonstrating specific progress toward the final-year targets. - FY2017-Q2RestatedAnnual report
「To enhance corporate and shareholder value, the Group has formulated a medium-term management plan covering the 3-year period from FY2015 through FY2017 (the fiscal years ending March 2016 through March 2018). Under the plan, it is pursuing reforms to its earnings structure to establish a high-profitability model and further enhance shareholder returns, while undertaking the following priority initiatives.」
Continuing its policy of enhancing shareholder returns under the medium-term management plan. - FY2016First statedAnnual report
「The Company aims to “gradually increase its target payout ratio, with a target of 50% in the final year (the fiscal year ending March 2018)” and to “stably and continuously maintain ROE, a measure of the efficient use of shareholders’ equity, at 10% or higher.”」
It has set targets of a 50% payout ratio and ROE of at least 10% for the final year of its medium-term management plan.