Shareholder Return Policy Targeting a Total Payout Ratio of 100%
First written in FY2023. 4 of 9 entries say "Restated". Latest entry: 2026-08-06.
38 other companies' latest entry also says "Restated".
- 2026-08-06RestatedManagement planning
「⚫ 3年間累計総還元性向 (注1) 100%以上 (注2)」
2026年3月期から2028年3月期までの3年間累計で総還元性向100％以上とする株主還元方針を継続している。 - FY2026RestatedAnnual report
「For shareholder returns during the period of this medium-term management plan, from the fiscal year ending March 2026 through the fiscal year ending March 2028, the Company will target a cumulative total payout ratio (Note) of at least 100% over the 3 years in order to achieve management that balances growth investment and takes into account the cost of capital and share price. Annual dividends will be paid at a minimum of ¥170 per share.」
The policy remains in place of targeting a total payout ratio of at least 100% over the cumulative three-year period of the Fourth Medium-Term Management Plan, with annual dividends of ¥170 as the floor. For the current fiscal year, the annual dividend is ¥180 and the total payout ratio is 71.7%. It is also explicitly stated that the target is not to achieve 100% or more in each individual fiscal year. - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2025, the Company resolved to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2025, as follows. (1) Dividend amount .................................... ¥1,018 million (2) Dividend per share ................................. ¥85.00」
In line with the policy under the Fourth Medium-Term Management Plan of setting annual dividends at a minimum of ¥170 per share, the Company disclosed a resolution to pay an interim dividend of ¥85 per share. - FY2025RaisedAnnual report
「For shareholder returns during the period of this medium-term management plan, from the fiscal year ending March 2026 through the fiscal year ending March 2028, the Company will target a cumulative total payout ratio (Note) of at least 100% over the 3 years in order to achieve management that balances growth investment and takes into account the cost of capital and share price. Annual dividends will be paid at a minimum of ¥170 per share.」
The Company changed its policy from a 100% total payout ratio target over the 2 fiscal years covered by the previous plan to at least 100% cumulatively over the 3 years of the Fourth Medium-Term Management Plan, and specified an annual dividend floor of ¥170 per share. - FY2024AchievedAnnual report
「For shareholder returns in the fiscal year ended March 2024, the company did not acquire treasury shares and paid dividends of ¥60 per share as an interim dividend and ¥94 per share as a year-end dividend, for total annual dividends of ¥154 per share. As a result, the total payout ratio was 101.5%.」
In the first year of application, the fiscal year ended March 2024, the actual total payout ratio was 101.5% against the target of 100%, exceeding the target level. The overall policy through the fiscal year ending March 2025 remains in effect. - FY2023First statedAnnual report
「For shareholder returns, the Company will target a total payout ratio of 100% for a specified period. The new shareholder return policy will apply from fiscal 2023 (fiscal year ending March 2024) through fiscal 2024 (fiscal year ending March 2025), and will be reviewed at the end of that period.」
The Company has announced a new policy targeting a 100% total payout ratio for the 2 fiscal years from the fiscal year ending March 2024 through the fiscal year ending March 2025, with a focus on balancing growth investment and improving capital efficiency.