Komori
Tokuyama (4043) · PolicyRaised

No dividends while prioritizing financial soundness, with an early resumption of dividends

First written in FY2016. 12 of 34 entries say "Restated". Latest entry: 2026-07-29.

34entries
11years
5from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q1AdvancedFY2018-Q2 – FY2021-Q2RestatedFY2022-Q2 – FY2024-Q2RaisedFY2025-H1 – 2026-04-282016: 320162017: 320172018: 320182019: 420192020: 320202021: 320212022: 320222023: 420232024: 120242025: 120252026: 62026
Same theme, other companies
Resuming Shareholder Returns Through Net Income Profitability and Dividend ResumptionA theme 19 companies write about · 4 as a headwind · 16 as a tailwind

The whole theme swung hardest in 2017: 3 of 15 companies on the "Worse" side.

1 other company's latest entry also says "Raised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 19 companies compared. The sentences above are computed from all 19.
Full recordFilings, disclosures and news, newest first
  1. FY2026RaisedAnnual report

    「With a target dividend on equity (DOE) of 3%, which is less susceptible to the effects of single-year performance, we have set a goal of achieving a dividend payout ratio of at least 30%.」

    The dividend was increased from the previous ¥35 per share level to ¥60 each for the interim and year-end dividends, or ¥120 annually, and new shareholder return targets of DOE of 3% and a dividend payout ratio of at least 30% were established.
  2. FY2026-H1RaisedAnnual report

    「The total dividend approved by the resolution of the Board of Directors dated 29 October 2025 includes a ¥6 million dividend on 116 thousand treasury shares held by the executive compensation BIP trust account.」

    An interim dividend of ¥60 per share, totaling ¥4.323 billion, was approved. The dividend level was raised from the previous ¥50 per share.
  3. FY2025-H1RaisedAnnual report

    「Common shares 3,603 50.00 30 September 2024 2 December 2024 Retained earnings」

    The year-end dividend for common shares was ¥45 per share and the interim dividend was ¥50 per share, raising the dividend from the previous level of ¥35 per share.
  4. FY2024-Q2RestatedAnnual report

    「At the Board of Directors meeting held on 27 October 2023, the Company resolved the following regarding the interim dividend for the current fiscal year.」

    An interim dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was approved, maintaining the previous dividend level.
  5. FY2024-Q1RestatedAnnual report

    「23 June 2023 Annual General Meeting of Shareholders Common shares 2,522 35.00 31 March 2023 26 June 2023 Retained earnings」

    A year-end dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was paid on 26 June 2023. The dividend level of ¥35 per share following the resumption of dividend payments has been maintained.
  6. FY2023RestatedAnnual report

    「For the fiscal year-end, we decided to pay a dividend of ¥35 per share in accordance with the basic policy described above. We plan to pay dividends of ¥35 per share for both the interim and year-end dividends of the next fiscal year.」

    A year-end dividend of ¥35 per common share was paid, and interim and year-end dividends of ¥35 each are planned for the next fiscal year, maintaining the annual ¥70 level following the resumption of dividend payments.
  7. FY2023-Q3RestatedAnnual report

    「(a) Total dividends: ¥2,522 million (b) Dividend per share: ¥35.00 (c) Effective date of the dividend claim and payment commencement date: 1 December 2022」

    An interim dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was paid from 1 December 2022. The dividend level following the resumption of dividend payments has been maintained.
  8. FY2023-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2022, the following resolution was passed regarding the interim dividend for the current fiscal year.」

    An interim dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was approved. The dividend level following the resumption of dividend payments has been maintained.
  9. FY2023-Q1RestatedAnnual report

    「24 June 2022 Annual General Meeting of Shareholders Common shares 2,522 35.00 31 March 2022 27 June 2022 Retained earnings」

    A year-end dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was paid on 27 June 2022. The dividend level following the resumption of dividend payments has been maintained.
  10. FY2022-Q3RestatedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2021, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividends: ¥2,522 million (b) Dividend per share: ¥35.00 (c) Effective date of the dividend claim and payment commencement date: 1 December 2021」

    An interim dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was approved and paid. The dividend level following the resumption of dividend payments has been maintained.
  11. FY2022-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2021, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividends: ¥2,522 million (b) Dividend per share: ¥35.00 (c) Effective date of the dividend claim and payment commencement date: 1 December 2021」

    An interim dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was approved. The dividend level following the resumption of dividend payments has been maintained.
  12. FY2022-Q1AdvancedAnnual report

    「25 June 2021 Annual General Meeting of Shareholders Common shares 2,522 35.00 31 March 2021 28 June 2021 Retained earnings」

    A year-end dividend of ¥35 per share, totaling ¥2.522 billion, for common shares was paid on 28 June 2021. The dividend level following the resumption of dividend payments continued through the payment stage.
  13. FY2021-Q3RestatedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2020, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividend……………………………………¥2,434 million (b) Amount per share………………………………¥35.00 (c) Effective date of claims for payment and payment commencement date………1 December 2020」

    For common shares, an interim dividend of ¥35 per share, totaling ¥2.434 billion, was paid. The dividend level following the resumption of dividend payments has remained unchanged from the previous quarter.
  14. FY2021-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 28 October 2020, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividend……………………………………¥2,434 million (b) Amount per share………………………………¥35.00 (c) Effective date of claims for payment and payment commencement date………1 December 2020」

    For common shares, an interim dividend of ¥35 per share, totaling ¥2.434 billion, was approved, as in the previous fiscal year. The dividend policy following the resumption of dividend payments continues to move into the implementation stage.
  15. FY2021-Q1AdvancedAnnual report

    「24 June 2020 Annual General Meeting of Shareholders Common shares 2,434 35.00 31 March 2020 25 June 2020 Retained earnings」

    A dividend totaling ¥2,434 million, or ¥35 per common share, was paid on 25 June 2020. The ¥35 dividend for the following fiscal year planned at the end of the previous fiscal year reached the payment stage.
  16. FY2020-Q3AdvancedAnnual report

    「(a) Total dividend……………………………………¥2,434 million (b) Amount per share………………………………¥35.00 (c) Effective date of claims for payment and payment commencement date………2 December 2019」

    Payment of the interim dividend on common shares approved on 31 October 2019 began on 2 December 2019, totaling ¥2,434 million, or ¥35 per share, bringing the resumed dividend to the implementation stage.
  17. FY2020-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 31 October 2019, the Company passed the following resolution concerning the interim dividend for the current fiscal year.」

    An interim dividend on common shares totaling ¥2,434 million, or ¥35 per share, with payment commencing on 2 December 2019, was approved. The planned ¥35 interim dividend for the following fiscal year indicated at the end of the previous fiscal year progressed to the formal resolution and implementation stage.
  18. FY2020-Q1AdvancedAnnual report

    「21 June 2019 Annual General Meeting of Shareholders Common shares 1,738 25.00 31 March 2019 24 June 2019 Retained earnings」

    A dividend totaling ¥1,738 million, or ¥25 per common share, was paid on 24 June 2019. This confirms that the resumed common-share dividend had reached the payment stage.
  19. FY2019RaisedAnnual report

    「For the year-end dividend for the current fiscal year, we decided to pay ¥25 per share in accordance with the basic policy above. For the following fiscal year, we plan to pay ¥35 per share for both the interim and year-end dividends.」

    The company disclosed a year-end dividend of ¥25 per common share for the current fiscal year, and plans for interim and year-end dividends of ¥35 each, or ¥70 for the full year, for the following fiscal year.
  20. FY2019-Q3AdvancedAnnual report

    「(a) Total dividend……………………………………¥1,738 million (b) Amount per share………………………………¥25.00 (c) Effective date of claims for payment and payment commencement date………3 December 2018」

    Payment of the interim dividend on common shares approved on 31 October 2018 began on 3 December 2018, totaling ¥1,738 million, or ¥25 per share, bringing the resumed dividend to the implementation stage.
  21. FY2019-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 31 October 2018, the company resolved the following matters concerning the interim dividend for the current period.」

    An interim dividend on common shares totaling ¥1,738 million, or ¥25 per share, with payment commencing on 3 December 2018, was approved. Dividend payments after the resumption of common-share dividends are continuing and becoming more concrete.
  22. FY2019-Q1AchievedAnnual report

    「22 June 2018 Annual General Meeting of Shareholders Common shares 1,391 20.00 31 March 2018 25 June 2018 Retained earnings」

    A dividend totaling ¥1,391 million, or ¥20 per common share, was approved at the Annual General Meeting of Shareholders and became effective on 25 June 2018. The resumption of common-share dividends after the period of no dividends reached the implementation stage.
  23. FY2018-Q3AdvancedAnnual report

    「(a) Total dividend……………………………………¥695 million (b) Amount per share………………………………¥2.00 (c) Effective date of claims for payment and payment commencement date………30 November 2017」

    Payment of the interim dividend on common shares approved in the second-quarter report began on 30 November 2017, totaling ¥695 million, or ¥2 per share. The resumption of common-share dividends progressed from approval to implementation.
  24. FY2018-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 27 October 2017, the following resolution was passed regarding the interim dividend for the current fiscal year.」

    An interim dividend of ¥695 million in total, or ¥2 per common share, was approved. Following the period of no dividends and the payment of dividends on Class A shares, specific progress toward resuming dividends on common shares was indicated.
  25. FY2018-Q1Dividend paid on Class A sharesAnnual report

    「Class A shares: total dividend ¥761 million; dividend per share ¥38,082.20」

    A dividend was paid on the Class A shares. No new information was provided regarding the resumption of dividends on common shares.
  26. FY2017-Q3RestatedAnnual report

    「Dividend information: Not applicable.」

    The cumulative third-quarter period also contains no information on dividends, and no new change regarding the policy of resuming dividends has been indicated.
  27. FY2017-Q2RestatedAnnual report

    「Dividend information: Not applicable.」

    The cumulative second-quarter period contains no information on dividends, and no new change regarding the policy of resuming dividends has been indicated.
  28. FY2017-Q1RestatedAnnual report

    「Dividend information: Not applicable.」

    The first-quarter shareholders' equity section contains no information on dividends, and no new change toward resuming dividends has been indicated.
  29. FY2016First statedAnnual report

    「We will work to restore our financial position quickly and build stable earnings power so that we can resume paying dividends to shareholders at an early date.」

    The company will pay no interim or year-end dividend for the current and following fiscal years, making restoration of its financial position and establishment of stable earnings prerequisites for resuming dividends.
Moved together

"Rebuilding the financial base and restoring shareholders’ equity" moved the same way as this thread, in the same document, in 13 of its 34 moves.

13129987★123456
  1. ★This thread
  2. 1Rebuilding the financial base and restoring shareholders’ equity13×
  3. 2Reduction of Interest-Bearing Debt and Early Repayment Under the Medium-Term Management Plan12×
  4. 3Shift to a Customer-Centric Approach and Expansion into New Fields9×
  5. 4Financing Environment and Financial Covenant Risk9×
  6. 5Strengthening Business Earnings Power8×
  7. 6Raw Material and Fuel Market Conditions and Procurement Risk7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tokuyama's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-07-29: "Raised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
No dividends while prioritizing financial soundness, with an early resumption of dividends | Tokuyama Corporation (4043) | Komori