Profit returns targeting a payout ratio of 35% or higher
First written in FY2016. 31 of 41 entries say "Restated". Latest entry: 2026-08-14.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We will target a payout ratio of at least 45%. Third, to return the fruits of our operating performance to shareholders as quickly as possible, our basic policy is to pay dividends 4 times a year, once each quarter.」
The company's payout ratio for the fiscal year ending March 2026 was 50.4%, exceeding the target level of at least 45%. The dividend per share also increased from ¥48 in the previous fiscal year to ¥50, and the quarterly dividend policy has been continued. - FY2026-H1AdvancedAnnual report
「Regarding the quarterly dividend for the 42nd fiscal year (1 April 2025 to 31 March 2026), the Board of Directors resolved at its meeting held on 7 November 2025 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 September 2025, as follows. ① Total dividends ¥398 million ② Amount per share ¥12.50」
A dividend of ¥12.5 per share was approved as the second-quarter dividend for the 42nd fiscal year, an increase from ¥12 in the same quarter of the previous year. The target payout ratio of at least 45% and the policy of paying dividends 4 times a year have been maintained. - FY2025AdvancedAnnual report
「We will target a payout ratio of at least 45%.」
The target payout ratio of at least 45% and the policy of paying dividends 4 times a year were maintained. The payout ratio for the fiscal year ending March 2025 was 39.6%, up from 34.3% in the previous fiscal year, but still below the target level. The annual dividend was ¥48 per share. - FY2025-H1RestatedAnnual report
「Regarding the quarterly dividend for the 41st fiscal year (1 April 2024 to 31 March 2025), the Board of Directors resolved at its meeting held on 5 November 2024 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 September 2024, as follows. ② Amount per share ¥12.00」
In line with the policy of paying dividends 4 times a year, a dividend of ¥12 per share was approved for the second quarter of the 41st fiscal year. No change has been indicated to the target payout ratio of at least 45%. - FY2024WorsenedAnnual report
「We intend to make further profit returns in line with increased profits and will target a payout ratio of at least 45%.」
The target payout ratio of at least 45% and the policy of paying dividends 4 times a year were maintained. Meanwhile, the company's payout ratio for the fiscal year ended March 2024 was stated as 34.3%, down from 71.5% in the previous fiscal year and below the target level. - FY2024-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 40th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 31 January 2024 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2023, as follows. ① Total dividends ¥366 million ② Amount per share ¥11.50」
In line with the quarterly dividend policy, a dividend of ¥11.5 per share was approved for the third quarter of the 40th fiscal year. There has been no change to the policy of targeting a payout ratio of at least 45% and paying dividends 4 times a year. - FY2024-Q2RestatedAnnual report
「Regarding the quarterly dividend for the 40th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 30 October 2023 to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2023, as follows. ① Total dividends ¥366 million ② Amount per share ¥11.50」
In line with the quarterly dividend policy, a dividend of ¥11.5 per share was approved for the second quarter of the 40th fiscal year. There has been no change to the policy of targeting a payout ratio of at least 45% and paying dividends 4 times a year. - FY2024-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 40th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 31 July 2023 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2023, as follows. ① Total dividends ¥366 million ② Amount per share ¥11.50」
A dividend of ¥11.5 per share was approved for the first quarter of the 40th fiscal year. No change has been indicated to the target payout ratio of at least 45% or the policy of paying dividends 4 times a year. - FY2023-Q3RestatedAnnual report
「Payout ratio 49.1% At least 45%」
The target payout ratio of actual 49.1% for the fiscal year ended March 2022 and planned at least 45% for the fiscal year ending March 2025 has been maintained. A third-quarter dividend of ¥11 per share was approved. - FY2023-Q2RestatedAnnual report
「Regarding the quarterly dividend for the 39th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors resolved at its meeting held on 31 October 2022 to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2022, as follows. ① Total dividends ¥350 million ② Amount per share ¥11.00」
The target payout ratio of at least 45% and the policy of paying dividends 4 times a year were maintained, and a dividend of ¥11 per share was approved for the second quarter of the 39th fiscal year. - FY2023-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 39th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors resolved at its meeting held on 29 July 2022 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2022, as follows. ① Total dividends ¥350 million ② Amount per share ¥11.00」
In line with the quarterly dividend policy, a dividend of ¥11 per share was approved for the first quarter of the 39th fiscal year. No change has been indicated to the target payout ratio of at least 45% or the policy of paying dividends 4 times a year. - FY2022RestatedAnnual report
「We intend to make further profit returns in line with increased profits and will target a payout ratio of at least 45%. Second, we intend to invest retained earnings effectively to expand the business while strengthening our financial position. Third, to return the fruits of our operating performance to shareholders as quickly as possible, our basic policy is to pay dividends 4 times a year, once each quarter.」
The policy of targeting a payout ratio of at least 45% and paying dividends 4 times a year was maintained. During the fiscal year, dividends of ¥8.25, ¥8.25, ¥9.25 and ¥11.25 per share were paid and approved. - FY2022-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 38th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 31 January 2022 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2021, as follows. ② Amount per share ¥9.25」
In line with the policy of paying dividends 4 times a year, a dividend of ¥9.25 per share was approved for the third quarter of the 38th fiscal year. No change has been indicated to the target payout ratio of at least 45%. - FY2022-Q2RestatedAnnual report
「Regarding the quarterly dividend for the 38th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 29 October 2021 to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2021, as follows. ② Amount per share ¥8.25」
In line with the quarterly dividend policy, a dividend of ¥8.25 per share was approved for the second quarter of the 38th fiscal year. No change has been indicated to the target payout ratio of at least 45%. - FY2022-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 38th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 30 July 2021 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2021, as follows. ② Amount per share ¥8.25」
In line with the target payout ratio of at least 45% and the policy of paying dividends 4 times a year, a dividend of ¥8.25 per share was approved for the first quarter of the 38th fiscal year. - FY2021RestatedAnnual report
「We intend to make further profit returns in line with increased profits and will target a payout ratio of at least 45%. Third, to return the fruits of our operating performance to shareholders as quickly as possible, our basic policy is to pay dividends 4 times a year, once each quarter.」
The target payout ratio of at least 45% and the policy of paying dividends 4 times a year have been maintained. During the fiscal year, a dividend of ¥7.75 per share was paid 4 times. - FY2021-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 37th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 29 January 2021 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2020, as follows. ② Amount per share ¥7.75」
In line with the policy of paying dividends 4 times a year, a dividend of ¥7.75 per share was approved for the third quarter of the 37th fiscal year. No change has been indicated to the target payout ratio of at least 45%. - FY2021-Q2RestatedAnnual report
「Regarding the quarterly dividend for the 37th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 30 October 2020 to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2020, as follows. ② Amount per share ¥7.75」
In line with the policy of paying dividends 4 times a year, a dividend of ¥7.75 per share was approved for the second quarter of the 37th fiscal year. No change has been indicated to the target payout ratio of at least 45%. - FY2021-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 37th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 31 July 2020 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2020, as follows. ② Amount per share ¥7.75」
In line with the policy of paying dividends 4 times a year, a dividend of ¥7.75 per share was approved for the first quarter of the 37th fiscal year. No change has been indicated to the target payout ratio of at least 45%. - FY2020RestatedAnnual report
「We intend to make further profit returns in line with increased profits and will target a payout ratio of at least 45%.」
The target payout ratio of at least 45% and the basic policy of paying dividends 4 times a year have been maintained. The annual dividend for the fiscal year was ¥29 per share on a post-stock-split basis. - FY2020-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 36th fiscal year (1 April 2019 to 31 March 2020), the Board of Directors resolved at its meeting held on 29 January 2020 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2019, as follows. ① Total dividends ¥231.076 million ② Amount per share ¥7.25」
A dividend of ¥7.25 per share after the stock split was approved for the third quarter of the 36th fiscal year. No change has been indicated to the 45% payout ratio target or the basic policy of paying dividends 4 times a year. - FY2020-Q2RestatedAnnual report
「Regarding the quarterly dividend for the 36th fiscal year (1 April 2019 to 31 March 2020), the Board of Directors resolved at its meeting held on 30 October 2019 to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2019, as follows. ① Total dividends ¥231.079 million ② Amount per share ¥14.50」
A dividend of ¥14.5 per share was approved for the second quarter of the 36th fiscal year. No change has been indicated to the 45% payout ratio target or the basic policy of paying dividends 4 times a year. - FY2020-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 36th fiscal year (1 April 2019 to 31 March 2020), the Board of Directors resolved at its meeting held on 31 July 2019 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2019, as follows. ① Total dividends ¥231.021 million ② Amount per share ¥14.50」
A quarterly dividend of ¥14.5 per share was approved for the first quarter of the 36th fiscal year. No change has been indicated to the target payout ratio of 45% or to the basic policy of paying dividends 4 times a year. - FY2019RaisedAnnual report
「We aim to increase corporate value based on continuous, sound growth. With respect to profit allocation, based on the results for the fiscal year, we intend to actively return profits to shareholders while balancing the strengthening of retained earnings with the payout ratio and other factors, and will target a payout ratio of 45%. In addition, to return the fruits of our operating performance to shareholders as quickly as possible, our basic policy is to pay dividends 4 times a year, once each quarter.」
The stated target was raised from the previous target of at least 35% to a target payout ratio of 45%. The basic policy of paying dividends 4 times a year has been maintained. - FY2019-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 35th fiscal year (1 April 2018 to 31 March 2019), the Board of Directors resolved at its meeting held on 29 January 2019 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2018, as follows. ① Total dividends ¥139.024 million ② Amount per share ¥9.50」
A dividend of ¥9.5 per share was approved for the third quarter of the 35th fiscal year. No change has been indicated to the target payout ratio of at least 35% or to the quarterly dividend policy itself. - FY2019-Q2RestatedAnnual report
「At the Board of Directors meeting held on 29 October 2018, it was resolved to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2018, as follows. ① Total dividends ¥139.034 million ② Amount per share ¥9.50」
A dividend of ¥9.5 per share was approved for the second quarter of the 35th fiscal year. No change has been indicated to the target payout ratio of at least 35%. - FY2019-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 35th fiscal year (1 April 2018 to 31 March 2019), the Board of Directors resolved at its meeting held on 30 July 2018 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2018, as follows. ① Total dividends ¥138.833 million ② Amount per share ¥9.50」
A quarterly dividend of ¥9.5 per share, with 30 June 2018 as the record date, was approved for the first quarter of the 35th fiscal year. No change has been indicated to the target payout ratio of at least 35%. - FY2018RestatedAnnual report
「Based on our results for the past 3 years, we will continue to target a payout ratio of at least 35%. In addition, to return the fruits of our operating performance to shareholders as quickly as possible, our basic policy is to pay dividends 4 times a year, once each quarter.」
The target payout ratio of at least 35% has been maintained, and the basic policy of paying quarterly dividends 4 times a year has been explicitly stated. - FY2018-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 34th fiscal year (1 April 2017 to 31 March 2018), the Board of Directors resolved at its meeting held on 29 January 2018 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2017, as follows. ① Total dividends ¥107.952 million ② Amount per share ¥7.40」
A dividend of ¥7.4 per share after the stock split was approved as the third-quarter dividend. The pre-split amount was ¥22, and no change has been indicated to the target payout ratio of at least 35%. - FY2018-Q2RestatedAnnual report
「Regarding the quarterly dividend for the 34th fiscal year (1 April 2017 to 31 March 2018), the Board of Directors resolved at its meeting held on 30 October 2017 to pay the second-quarter dividend to shareholders recorded in the shareholder registry as of 30 September 2017, as follows. ② Amount per share ¥22.00」
A dividend of ¥22 per share was approved for the second quarter of the 34th fiscal year. No change has been indicated to the target payout ratio of at least 35%. - FY2018-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 34th fiscal year (1 April 2017 to 31 March 2018), the Board of Directors resolved at its meeting held on 31 July 2017 to pay the quarterly dividend to shareholders recorded in the shareholder registry as of 30 June 2017, as follows. ② Amount per share ¥22.00」
A dividend of ¥22 per share was approved for the first quarter of the 34th fiscal year. No change has been indicated to the target payout ratio of at least 35%. - FY2017-Q3RestatedAnnual report
「Regarding the quarterly dividend for the 33rd fiscal year (1 April 2016 to 31 March 2017), the Board of Directors resolved at its meeting held on 27 January 2017 to pay the third-quarter dividend to shareholders recorded in the shareholder registry as of 31 December 2016, as follows. ② Amount per share ¥18.00」
A dividend of ¥18 per share was approved for the third quarter. No change has been indicated to the target payout ratio of at least 35%. - FY2017-Q2RestatedAnnual report
「Regarding the second-quarter dividend for the 33rd fiscal year (from 1 April 2016 to 31 March 2017), the Board of Directors resolved at its meeting held on 31 October 2016 to pay the following second-quarter dividend to shareholders recorded in the shareholder register as of 30 September 2016. ② Amount per share: ¥18.00」
A dividend of ¥18 per share was approved for the second quarter. No change has been indicated to the target payout ratio of at least 35%. - FY2017-Q1RestatedAnnual report
「Regarding the quarterly dividend for the 33rd fiscal year (from 1 April 2016 to 31 March 2017), the Board of Directors resolved at its meeting held on 25 July 2016 to pay the following quarterly dividend to shareholders recorded in the shareholder register as of 30 June 2016. ② Amount per share: ¥18.00」
No change to the target dividend payout ratio of 35% or higher was indicated, but a quarterly dividend of ¥18 per share was approved. - FY2016First statedAnnual report
「Regarding profit allocation, we intend to actively return profits to shareholders while balancing the strengthening of retained earnings with the dividend payout ratio and other factors, based on the performance for the current fiscal year. In light of our results over the past 3 years, we will continue to target a dividend payout ratio of 35% or higher.」
The company targets a dividend payout ratio of 35% or higher, subject to balancing this with retained earnings.