Stable dividends and a 30% payout-ratio target
First written in FY2016. 15 of 27 entries say "Advanced", first in FY2017. Latest entry: FY2026.
- FY2026RestatedAnnual report
「Based on the basic policy above, the year-end dividend for the fiscal year will be ¥37.50 per share. Including the interim dividend of ¥37.50 per share, the annual dividend was therefore ¥75 per share.」
The Company paid an annual dividend of ¥75 even in the fiscal year in which it recorded a net loss, confirming the implementation of its stable and continuous shareholder return policy based on a 35% payout ratio, raised in FY2025, and progressive dividends. The dividend forecast for the next fiscal year has not been determined. - 2026-06-04RestatedDividend
「The year-end dividend for the fiscal year, per share, will be ¥37.50. Together with the interim dividend of ¥37.50, the annual dividend will be ¥75.」
The year-end dividend for the fiscal year ending March 2026 was set at ¥37.50 per share and the annual dividend at ¥75, effectively reaffirming the previously announced policy of progressive dividends and a 35% payout ratio. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 November 2025, a resolution was passed to pay the 26th interim dividend as follows: ① Total dividend: ¥8,595 million ② Dividend per share: ¥37.50」
Under a basic policy of progressive dividends and a 35% dividend payout ratio, the company resolved to pay a 26th fiscal year's interim dividend of ¥37.50 per share, totaling ¥8.595 billion. This was an increase from the previous fiscal year's interim dividend of ¥32 per share. - FY2025RaisedAnnual report
「Accordingly, with due consideration to strengthening retained earnings necessary for strategic investments to support medium- to long-term growth, the company will pay stable dividends commensurate with performance. It will raise its payout ratio target from the previous 30% to 35% and adopt progressive dividends as its basic policy.」
Under its stable-dividend policy, the Company raised its target payout ratio from 30% to 35% and introduced progressive dividends, which in principle will not be reduced. The annual dividend was ¥75, and the consolidated payout ratio was 35.0%. - FY2025-H1AdvancedAnnual report
「At a Board of Directors meeting held on 7 November 2024, the Company resolved to pay an interim dividend for the 25th fiscal year as follows: ① Total dividends ¥7,331 million ② Dividend per share ¥32」
The company resolved to pay a 25th-term interim dividend of ¥32 per share, totaling ¥7,331 million. This represents an increase from the previous fiscal year’s interim dividend of ¥30 per share. - FY2024AdvancedAnnual report
「Based on the above basic policy, the year-end dividend for the fiscal year was set at ¥34 per share. As a result, including the interim dividend of ¥30, the annual dividend was ¥64 per share and the consolidated payout ratio was 32.9%.」
Under a policy targeting stable dividends and a 30% payout ratio, the annual dividend increased from ¥60 in the previous fiscal year to ¥64, resulting in a consolidated payout ratio of 32.9%. - FY2024-Q3AdvancedAnnual report
「At a board meeting held on 9 November 2023, the company resolved to pay the 24th fiscal year's interim dividend as follows: ① Total dividends: ¥6,871 million ② Dividend per share: ¥30.00」
The company resolved to pay an interim dividend of ¥30 per share, totaling ¥6,871 million, for the 24th fiscal year, an increase from ¥28 per share in the same period of the previous year. - FY2024-Q1AdvancedAnnual report
「At a board meeting held on 10 May 2023, the company resolved to pay a year-end dividend from surplus as follows: ① Total dividends: ¥7,326 million ② Dividend per share: ¥32」
The company paid a fiscal year-end dividend of ¥32 per share for the fiscal year ended March 2023, totaling ¥7,326 million, updating its track record of implementing a stable dividend policy. - FY2023AdvancedAnnual report
「As a result, dividends for the fiscal year comprised an interim dividend of ¥28 per share, a year-end dividend of ¥28 and a commemorative dividend of ¥4, for an annual total of ¥60. The consolidated dividend payout ratio was 33.9%.」
Under a policy targeting a 30% dividend payout ratio, the company paid an annual dividend of ¥60 per share, including ¥4 commemorating the achievement of ¥1 trillion, resulting in a payout ratio of 33.9%. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2022, the Company resolved to pay the 23rd interim dividend as follows: ① total dividends: ¥6,410 million; ② dividend per share: ¥28.00.」
The company resolved to pay an interim dividend of ¥28 per share, totaling ¥6.41 billion, for the 23rd fiscal year. This was an increase from ¥27 per share in the same period of the previous year, updating the implementation of its stable dividend policy. - FY2023-Q1AdvancedAnnual report
「Board of Directors meeting held on 12 May 2022 Common stock Retained earnings 6,637 29」
The company paid a year-end dividend of ¥29 per share for the fiscal year ended March 2022, totaling ¥6.637 billion, increasing the dividend from ¥22 per share in the previous year. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 5 November 2021, the company resolved to pay an interim dividend for the 22nd fiscal year as follows: ① Total dividends ¥6,179 million ② Dividend per share ¥27.00」
The company resolved to pay an interim dividend for the 22nd fiscal period of ¥27 per share, totaling ¥6,179 million. This was an increase from ¥22 per share in the same period of the previous year and represents continued implementation of its stable dividend policy. - FY2021RestatedAnnual report
「Based on the basic policy above, the year-end dividend for the fiscal year was ¥22 per share. As a result, the annual dividend was ¥44 per share, and the consolidated dividend payout ratio was 36.4%.」
While maintaining the annual dividend at ¥44, the consolidated dividend payout ratio rose to 36.4% due to a decline in profit for the period attributable to owners of the parent, exceeding the 30% target. The policy of stable dividends remains in place. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 November 2020, a resolution was passed to pay the 21st interim dividend as follows: ① Total dividend: ¥5,007 million ② Dividend per share: ¥22.00」
A resolution was passed for an interim dividend of ¥22 per share for the 21st fiscal period, totalling ¥5,007 million. This was up from ¥20 per share in the same period of the previous year, reaffirming the implementation of the stable dividend policy. - FY2020AdvancedAnnual report
「Based on the above basic policy, the year-end dividend for the fiscal year was set at ¥24 per share. As a result, the annual dividend was ¥44 per share and the consolidated dividend payout ratio was 29.8%.」
Against a target payout ratio of 30%, the annual dividend was ¥44 and the consolidated payout ratio was 29.8%, improving from ¥38 and 29.5%, respectively, in the previous fiscal year. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 7 November 2019, the company resolved to pay an interim dividend for the 20th fiscal year as follows.」
The company paid an interim dividend of ¥20 per share, totaling ¥3,928 million, for the 20th fiscal year, confirming the continued implementation of its stable dividend policy. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2019, the company resolved to pay an interim dividend for the 20th fiscal year as follows: ① Total dividends: ¥3,928 million ② Dividend per share: ¥20.00」
The company resolved to pay a total interim dividend of ¥3.928 billion, or ¥20 per share, for the 20th fiscal year. This was an increase from ¥19 per share in the same period of the previous year, updating the implementation of its stable dividend policy. - FY2020-Q1RestatedAnnual report
「① Total dividends ¥4,122 million ② Dividend per share ¥21」
The company paid a total year-end dividend of ¥4,122 million, or ¥21 per share, for the fiscal year ended March 2019 and continues its policy of stable dividends. - FY2019-Q2AdvancedAnnual report
「The Company resolved at a Board of Directors meeting held on 9 November 2018 to pay an interim dividend for the 19th fiscal year as follows.」
The company resolved to pay an interim dividend of ¥19 per share for the 19th fiscal year, for a total dividend of ¥3,729 million. In line with its stable dividend policy, the dividend was increased from ¥17 per share in the same period of the previous year. - FY2018AdvancedAnnual report
「Based on the above basic policy, the year-end dividend for the fiscal year was set at ¥21 per share. As a result, the annual dividend was ¥38 per share and the consolidated dividend payout ratio was 29.5%.」
The annual dividend increased from ¥34 in the previous fiscal year to ¥38, and the dividend payout ratio was 29.5%. This updated the track record to a level close to the 30% dividend payout ratio target. - FY2018-Q3RestatedAnnual report
「At a Board of Directors meeting held on 10 November 2017, the Company resolved to pay an interim dividend for the 18th fiscal period as follows.」
The company confirmed the payment of an interim dividend of ¥17 per share, totaling ¥3,335 million, and continues its stable dividend policy. - FY2018-Q2RestatedAnnual report
「At a Board of Directors meeting held on 10 November 2017, the Company resolved to pay an interim dividend for the 18th fiscal period as follows.」
The company resolved to pay an interim dividend of ¥17 per share, totaling ¥3.335 billion, and describes the continued implementation of its stable dividend policy. The 30% dividend payout ratio target itself remains unchanged. - FY2018-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 12 May 2017, the company resolved to pay a year-end dividend as follows.」
The company resolved to pay and paid a year-end dividend of ¥20 per share, totalling ¥3,924 million, and reported the continued implementation of its stable dividend policy. - FY2017AdvancedAnnual report
「Based on the above basic policy, the year-end dividend for the fiscal year was set at ¥20 per share. As a result, the annual dividend was ¥34 per share and the consolidated payout ratio was 29.7%.」
Against a policy targeting a 30% dividend payout ratio, the full-year annual dividend was ¥34 per share and the consolidated dividend payout ratio was 29.7%, indicating results close to the target. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2016, the company resolved to pay an interim dividend for the 17th fiscal year as follows.」
The company resolved to pay an interim dividend of ¥14 per share, totalling ¥2,746 million, and reported the implementation of its stable dividend policy. - FY2017-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 28 April 2016, the Company resolved to pay a year-end dividend from retained earnings as follows.」
The company resolved to pay, and paid, a year-end dividend of ¥14 per share, totaling ¥2,745 million, confirming the implementation of its stable dividend policy. - FY2016First statedAnnual report
「The company's basic policy is to target a dividend payout ratio of 30% of net income attributable to owners of the parent and to provide stable dividends commensurate with performance over the long term.」
The company has set a shareholder return policy targeting a 30% dividend payout ratio while taking into account retained earnings for medium- to long-term growth. The consolidated dividend payout ratio for the fiscal year was 27.3%, and the annual dividend was ¥28 per share.