Shareholder Returns Balanced Against Financial Strength
First written in FY2016-Q2. 20 of 39 entries say "Raised", first in FY2017-Q1. Latest entry: 2026-10-13.
- FY2026-H1RaisedAnnual report
「Regarding the interim dividend for the 80th fiscal period (1 December 2025 to 30 November 2026), the Board of Directors resolved at its meeting held on 9 July 2026 to pay an interim dividend to shareholders listed or recorded in the final shareholder register as of 31 May 2026, as follows: ① Total dividends: ¥874.587 million ② Dividend per share: ¥43.00」
The interim dividend for the fiscal year ending November 2026 was set at ¥43 per share, an increase of ¥8 from the previous year's interim dividend of ¥35. - FY2025-H1RaisedAnnual report
「10 July 2025 Board of Directors Common shares ¥711.809 million ¥35.00 31 May 2025 4 August 2025 Retained earnings」
An interim dividend of ¥35 per share for fiscal 2025 was approved, an increase of ¥3 from the previous fiscal year’s interim dividend of ¥32. The year-end dividend for fiscal 2024 was ¥34. - FY2024-Q2RaisedAnnual report
「11 July 2024 Board of Directors Common shares ¥676.056 million Dividend per share: ¥32.00 31 May 2024 5 August 2024 Retained earnings」
An interim dividend of ¥32 per share for fiscal 2024 was approved. This was an increase of ¥4 from the interim dividend of ¥28 in the same period of the previous fiscal year. - FY2024-Q1AdvancedAnnual report
「28 February 2024 Annual General Meeting of Shareholders Common shares 595,488 28 30 November 2023 29 February 2024 Retained earnings」
The Company paid a year-end dividend of ¥28 per share, totaling ¥595.488 million, for fiscal 2023. - FY2023RaisedAnnual report
「Regarding shareholder returns, the Company had used a dividend payout ratio of 30% as a guideline. From fiscal 2024 onward, in line with the targets of the new medium-term management plan P&D 2030, the Company will use a dividend payout ratio of 40% as a guideline, seek to maintain stable and continuous dividends while maintaining a sound financial position, and seek to enhance shareholder returns, including through flexible share repurchases.」
The guideline for the dividend payout ratio was raised from 30% to 40%, and the shareholder return policy was expanded under P&D 2030 to include flexible share repurchases. The annual dividend was ¥56 for fiscal 2023 and is planned to be ¥58 for fiscal 2024. - FY2023-Q3AdvancedAnnual report
「Regarding the interim dividend for the 77th fiscal year (1 December 2022 to 30 November 2023), the Board of Directors resolved at its meeting held on 6 July 2023 to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register as of 31 May 2023: ① Total dividend amount: ¥595.491 million ② Dividend per share: ¥28.00」
The Company paid an interim dividend of ¥28 per share, totaling ¥595.491 million, for fiscal 2023. - FY2023-Q2AdvancedAnnual report
「6 July 2023 Board of Directors Common shares 595,491 28 31 May 2023 7 August 2023 Retained earnings」
An interim dividend of ¥28 per share, totaling ¥595.491 million, for fiscal 2023 was approved. This was an increase of ¥1 from the interim dividend of ¥27 in the previous fiscal year. - FY2023-Q1AdvancedAnnual report
「22 February 2023 Annual General Meeting of Shareholders Common shares 582,189 27 30 November 2022 24 February 2023 Retained earnings」
The Company paid a year-end dividend of ¥27 per share, totaling ¥582.189 million, for fiscal 2022. - FY2022RaisedAnnual report
「Regarding shareholder returns, the Company uses a dividend payout ratio of 30% as a guideline and will seek to maintain stable and continuous dividends while maintaining a sound financial position. It also targets a total payout ratio of 50% and will seek to enhance shareholder returns, including through share repurchases. Under this policy, the Company paid an annual dividend of ¥54 per share for fiscal 2022, comprising an interim dividend of ¥27 and a year-end dividend of ¥27. For fiscal 2023, an annual dividend of ¥56 per share is planned, comprising an interim dividend of ¥28 and a year-end dividend of ¥28, in light of the earnings forecast.」
While maintaining its policy of using a 30% dividend payout ratio as a guideline and a 50% total payout ratio as a target, the Company paid an annual dividend of ¥54 for fiscal 2022 and raised the planned annual dividend for fiscal 2023 to ¥56. - FY2022-Q3AdvancedAnnual report
「7 July 2022 Board of Directors Common shares 588,789 27 31 May 2022 8 August 2022 Retained earnings」
The Company stated that it paid an interim dividend of ¥27 per share, totaling ¥588.789 million, for fiscal 2022. The dividend moved from the previously planned and approved stage to the payment stage. - FY2022-Q2RaisedAnnual report
「7 July 2022 Board of Directors Common shares 588,789 27 31 May 2022 8 August 2022 Retained earnings」
An interim dividend of ¥27 per share for fiscal 2022 was approved, representing an increase of ¥1 from the previously announced planned interim dividend of ¥26. - FY2022-Q1RestatedAnnual report
「25 February 2022 Annual General Meeting of Shareholders Common shares 553,838 25 30 November 2021 28 February 2022 Retained earnings」
The Company paid a year-end dividend of ¥25 per share, totaling ¥553.838 million, for fiscal 2021. No change to the shareholder return policy itself was stated. - FY2021RaisedAnnual report
「Under this policy, the Company paid an annual dividend of ¥50 per share for fiscal 2021, comprising an interim dividend of ¥25 and a year-end dividend of ¥25. For fiscal 2022, an annual dividend of ¥52 per share is planned, comprising an interim dividend of ¥26 and a year-end dividend of ¥26, in light of the earnings forecast.」
While maintaining its policy of targeting a 50% total payout ratio, the annual dividend was ¥50 for fiscal 2021 and the planned dividend for fiscal 2022 was raised to ¥52. - FY2021-Q3AdvancedAnnual report
「1 July 2021 Board of Directors Common shares 553,842 25 31 May 2021 10 August 2021 Retained earnings」
The Company stated that it paid an interim dividend of ¥25 per share, totaling ¥553.842 million, for fiscal 2021. - FY2021-Q2RaisedAnnual report
「Regarding the interim dividend for the 75th fiscal year (1 December 2020 to 30 November 2021), the Board of Directors resolved at its meeting held on 1 July 2021 to pay an interim dividend as follows to shareholders listed or recorded in the final shareholder register as of 31 May 2021: ① Total dividend amount: ¥553.842 million ② Dividend per share: ¥25.00」
An interim dividend of ¥25 per share for fiscal 2021 was approved, representing an increase of ¥1 from the previously announced planned interim dividend of ¥24. - FY2020RaisedAnnual report
「Under this policy, the Company paid an annual dividend of ¥46 per share for fiscal 2020, comprising an interim dividend of ¥23 and a year-end dividend of ¥23. For fiscal 2021, an annual dividend of ¥48 per share is planned, comprising an interim dividend of ¥24 and a year-end dividend of ¥24, in light of the earnings forecast.」
While maintaining its policy of targeting a 50% total payout ratio, the actual annual dividend for fiscal 2020 increased from ¥40 to ¥46, and the planned annual dividend for fiscal 2021 was raised to ¥48. - FY2020-Q3RestatedAnnual report
「The Company’s basic capital policy is to achieve the optimal balance among a sound financial condition, capital efficiency and shareholder returns, with the aim of increasing corporate value over the medium to long term. Regarding shareholder returns, the Company uses a dividend payout ratio of 30% as a guideline, seeks to maintain stable and continuous dividends while maintaining a sound financial position, and targets a total payout ratio of 50%, seeking to enhance shareholder returns, including through share repurchases.」
The Company has reconfirmed its capital policy of using a 30% dividend payout ratio as a guideline and a 50% total payout ratio as a target, while balancing financial soundness and capital efficiency. - FY2020-Q2RaisedAnnual report
「The Company’s basic capital policy is to achieve the optimal balance among a sound financial condition, capital efficiency and shareholder returns, with the aim of increasing corporate value over the medium to long term. Regarding shareholder returns, the Company uses a dividend payout ratio of 30% as a guideline, seeks to maintain stable and continuous dividends while maintaining a sound financial position, and targets a total payout ratio of 50%, seeking to enhance shareholder returns, including through share repurchases. Board of Directors, 2 July 2020 Common shares 509,494 23 31 May 2020 11 August 2020」
The Company reconfirmed its policy of using a 30% dividend payout ratio as a guideline and a 50% total payout ratio as a target. In addition, an interim dividend of ¥23 per share, with 31 May 2020 as the record date, was approved, representing an increase from the previously announced planned interim dividend of ¥20 for fiscal 2020. - FY2019RaisedAnnual report
「Regarding shareholder returns, the Company uses a dividend payout ratio of 30% as a guideline and will seek to maintain stable and continuous dividends while maintaining a sound financial position. It also targets a total payout ratio of 50% and will seek to enhance shareholder returns, including through share repurchases. Under this policy, the Company paid an annual dividend of ¥40 per share for fiscal 2019, comprising an interim dividend of ¥18 and a year-end dividend of ¥22. For fiscal 2020, an annual dividend of ¥40 per share is planned, comprising an interim dividend of ¥20 and a year-end dividend of ¥20, in light of the earnings forecast.」
While changing the wording to describe a 30% dividend payout ratio as a guideline, the Company established a new target total payout ratio of 50%, including share repurchases. The annual dividend was ¥40 for fiscal 2019 and is planned to be ¥40 for fiscal 2020. - FY2019-Q3RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2018, the Company paid an annual dividend of ¥36 per share, comprising an interim dividend of ¥17 and a year-end dividend of ¥19. For fiscal 2019, an annual dividend of ¥36 per share is planned, comprising an interim dividend of ¥18 and a year-end dividend of ¥18.」
The Company has reiterated its policy of using a 30% dividend payout ratio as a key indicator, balancing the financial base and retained earnings with the return of profits, and planning an annual dividend of ¥36 for fiscal 2019. - FY2019-Q2RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2018, the Company paid an annual dividend of ¥36 per share, comprising an interim dividend of ¥17 and a year-end dividend of ¥19. For fiscal 2019, an annual dividend of ¥36 per share is planned, comprising an interim dividend of ¥18 and a year-end dividend of ¥18.」
The Company has reiterated its policy of using a 30% dividend payout ratio as a key indicator, balancing the financial base and retained earnings with the return of profits, and planning an annual dividend of ¥36 for fiscal 2019. An interim dividend of ¥18, with 31 May 2019 as the record date, was also approved. - FY2019-Q1RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2018, the Company paid an annual dividend of ¥36 per share, comprising an interim dividend of ¥17 and a year-end dividend of ¥19. For fiscal 2019, an annual dividend of ¥36 per share is planned, comprising an interim dividend of ¥18 and a year-end dividend of ¥18.」
The Company has reiterated its policy of emphasizing a 30% dividend payout ratio, balancing the financial base and retained earnings with the return of profits, and planning an annual dividend of ¥36 for fiscal 2019. - FY2018AdvancedAnnual report
「For fiscal 2018, the Company paid an annual dividend of ¥36 per share, comprising an interim dividend of ¥17 and a year-end dividend of ¥19. For fiscal 2019, an annual dividend of ¥36 per share is planned, comprising an interim dividend of ¥18 and a year-end dividend of ¥18.」
The Company paid an annual dividend of ¥36 for fiscal 2018 and plans to pay ¥36 for fiscal 2019. It is maintaining its policy of using a 30% dividend payout ratio as a key indicator and balancing shareholder returns with the financial base and retained earnings. - FY2018-Q3RaisedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2017, the Company paid an annual dividend of ¥29 per share, comprising an interim dividend of ¥14 and a year-end dividend of ¥15. For fiscal 2018, an annual dividend of ¥36 per share is planned, comprising an interim dividend of ¥17 and a year-end dividend of ¥19.」
While maintaining its policy of using a 30% dividend payout ratio as a key indicator, the Company has raised its planned annual dividend for fiscal 2018 from ¥32 to ¥36. - FY2018-Q2RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2017, the Company paid an annual dividend of ¥29 per share, comprising an interim dividend of ¥14 and a year-end dividend of ¥15. For fiscal 2018, an annual dividend of ¥32 per share is planned, comprising an interim dividend of ¥17 and a year-end dividend of ¥15.」
The Company has reiterated its policy of using a 30% dividend payout ratio as a key indicator, balancing the financial base and retained earnings with the return of profits, and planning an annual dividend of ¥32. - FY2018-Q1RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2017, the Company paid an annual dividend of ¥29 per share, comprising an interim dividend of ¥14 and a year-end dividend of ¥15. For fiscal 2018, an annual dividend of ¥32 per share is planned, comprising an interim dividend of ¥17 and a year-end dividend of ¥15.」
The Company has reiterated its policy of emphasizing a 30% dividend payout ratio, balancing the financial base and retained earnings with the return of profits, and planning an annual dividend of ¥32 for fiscal 2018. - FY2017RaisedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2017, the Company paid an annual dividend of ¥29 per share, comprising an interim dividend of ¥14 and a year-end dividend of ¥15. For fiscal 2018, an annual dividend of ¥32 per share is planned, comprising an interim dividend of ¥17 and a year-end dividend of ¥15.」
The basic policy of emphasizing a 30% dividend payout ratio is being maintained. The annual dividend was ¥29 for fiscal 2017 and is planned to be ¥32 for fiscal 2018. - FY2017-Q3RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2016, the Company paid an annual dividend of ¥25 per share, comprising an interim dividend of ¥12 and a year-end dividend of ¥13. For fiscal 2017, an annual dividend of ¥25 per share is planned, comprising an interim dividend of ¥14 and a year-end dividend of ¥11.」
The Company has reiterated its policy of using a 30% dividend payout ratio as a key indicator, balancing the financial base and retained earnings with shareholder returns, and planning an annual dividend of ¥25 for fiscal 2017. - FY2017-Q2RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2016, the Company paid an annual dividend of ¥25 per share, comprising an interim dividend of ¥12 and a year-end dividend of ¥13. For fiscal 2017, an annual dividend of ¥25 per share is planned, comprising an interim dividend of ¥14 and a year-end dividend of ¥11.」
The Company has reiterated its policy of using a 30% dividend payout ratio as a key indicator, balancing the financial base and retained earnings with shareholder returns, and planning an annual dividend of ¥25 for fiscal 2017. - FY2017-Q1RaisedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2016, the Company paid an annual dividend of ¥25 per share, comprising an interim dividend of ¥12 and a year-end dividend of ¥13. For fiscal 2017, an annual dividend of ¥25 per share is planned, comprising an interim dividend of ¥14 and a year-end dividend of ¥11.」
While maintaining its policy of using a 30% dividend payout ratio as a key indicator, the Company has raised its planned annual dividend for fiscal 2017 from ¥20 to ¥25. - FY2016RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance. For fiscal 2016, the Company paid an annual dividend of ¥25 per share, comprising an interim dividend of ¥12 and a year-end dividend of ¥13. For fiscal 2017, an annual dividend of ¥20 per share is planned, comprising an interim dividend of ¥9 and a year-end dividend of ¥11.」
The policy of using a 30% dividend payout ratio as a key indicator and balancing the financial base, retained earnings and shareholder returns is continuing. The annual dividend was ¥25 for fiscal 2016 and is planned to be ¥20 for fiscal 2017. - FY2016-Q3RestatedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance.」
The policy of balancing the financial base, retained earnings and the return of profits, while emphasizing a 30% dividend payout ratio, is continuing. An interim dividend of ¥12 was paid for fiscal 2016, and an annual dividend of ¥20 is planned. - FY2016-Q2First statedAnnual report
「Shareholder returns are positioned as an important management policy. From a long-term perspective, the Company will seek to strengthen its financial condition and management base while enhancing the return of profits to shareholders. Taking into account factors including the need to build retained earnings to support the Company’s performance and future business plans, the Company will maintain a balance among these considerations, use a dividend payout ratio of 30% as one of its key indicators, and determine dividend amounts in line with performance.」
The policy is to balance the strengthening of the financial condition and management base, retained earnings and the return of profits, while using a 30% dividend payout ratio as a key indicator. Annual dividends of ¥20 are planned for fiscal 2016.