Balancing Long-Term Shareholder Returns and Growth Investment
First written in FY2016. 8 of 19 entries say "Reframed", first in FY2019. Latest entry: FY2026.
Dream Incubator moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
10 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Company recognizes the return of profits to shareholders as one of its important management priorities and will implement appropriate profit allocation while comprehensively considering operating results, financial condition and funds required for future investment in each fiscal period.」
After completing the three-year return plan centered on special dividends and treasury share acquisitions, the Company paid an ordinary dividend of ¥137 per share in the current fiscal year and shifted to a policy of continuing stable shareholder returns from the following fiscal year onward. - FY2026-H1AchievedAnnual report
「Board of Directors meeting held on 15 May 2025 Common shares ¥2,998 million ¥317.00 per share 31 March 2025 24 June 2025 Retained earnings」
A special dividend totaling ¥2,998 million, or ¥317 per share, for the fiscal year ended March 2025 was paid on 24 June 2025. Payment of the special dividend under the three-year, ¥10 billion shareholder return plan decided in the previous fiscal year was completed. - FY2025AchievedAnnual report
「As the final component of these total shareholder returns of ¥10 billion, the Company has determined the dividend from surplus (special dividend) for the current consolidated fiscal year as follows.」
As the final component of the three-year, ¥10 billion shareholder return plan, the Company decided to pay a special dividend totaling ¥2,998 million, or ¥317 per share, for the fiscal year ending March 2025. This marked the completion stage of the return plan, including the special dividends and treasury share acquisitions made to date. - FY2025-H1AchievedAnnual report
「Board of Directors meeting held on 13 May 2024 Common shares ¥1,210 million ¥128.00 per share 31 March 2024 18 June 2024 Retained earnings Board of Directors meeting held on 1 November 2024 Common shares ¥1,002 million ¥106.00 per share 30 September 2024 9 December 2024 Retained earnings」
A special dividend totaling ¥1,210 million, or ¥128 per share, for the fiscal year ended March 2024 was paid on 18 June 2024. In addition, a special dividend totaling ¥1,002 million, or ¥106 per share, with 30 September 2024 as the record date, was approved. - FY2024AdvancedAnnual report
「In the previous consolidated fiscal year, shareholder returns of ¥2 billion, or ¥191.11 per share, were made through a year-end dividend (special dividend), while in the current consolidated fiscal year, ¥2.8 billion has already been returned through the acquisition of treasury shares. In addition, the Company plans to pay an interim dividend (special dividend) of ¥1 billion during the following consolidated fiscal year and will continue to implement shareholder returns steadily.」
Following the ¥2 billion special dividend in the previous fiscal year, the Company made shareholder returns of ¥2.8 billion through treasury share acquisitions and ¥1.2 billion through a special dividend in the current fiscal year, and plans to pay a ¥1 billion special interim dividend in the following fiscal year. - FY2024-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 11 May 2023, the Company resolved to pay dividends from surplus as follows to shareholders listed or recorded in the final shareholder register as of 31 March 2023.」
Regarding the special dividend associated with the planned sale of アイペット in the previous fiscal year, a dividend totaling ¥1,999 million, or ¥191.11 per share, was paid on 21 June 2023. - FY2023RaisedAnnual report
「Of the approximately ¥15 billion in after-tax cash proceeds from the sale of shares of アイペットホールディングス during the current fiscal year, ¥5 billion will be allocated to growth investment and ¥10 billion to shareholder returns. As part of shareholder returns, in addition to the ¥2 billion special year-end dividend for the current fiscal year, the Company decided in May 2023 to acquire treasury shares for up to ¥3 billion.」
The Company specified the allocation of approximately ¥15 billion in after-tax cash proceeds from the sale of アイペット to ¥5 billion for growth investment and ¥10 billion for shareholder returns, including a ¥2 billion special dividend and a treasury share acquisition of up to ¥3 billion. - FY2023-Q3AdvancedAnnual report
「Accordingly, the Company plans to pay a special year-end dividend totaling ¥2 billion.」
In light of the expected improvement in performance from the sale of shares of アイペットホールディングス, the Company revised its previously undetermined dividend forecast and planned a special year-end dividend totaling ¥2 billion, or ¥191.11 per share. - FY2023-Q2RestatedAnnual report
「Under these circumstances, we determined that entering into this tender agreement was the best method and timing for maximizing shareholder value while simultaneously achieving sustainable growth for アイペットホールディングス.」
The capital allocation approach of balancing the maximization of shareholder value with the sustainable growth of investee companies was reaffirmed in the decision to sell shares of アイペットホールディングス. - FY2022ReframedAnnual report
「As part of its shareholder returns, the Company will secure a stable source of dividends from profits generated by the Business Production business and, when the Incubation business generates returns, will provide additional returns after excluding funds required for growth investments and other purposes.」
The previous policy of balancing long-term shareholder returns with growth investment was made more specific by separating it into a stable dividend source from the Business Production business and additional returns when the Incubation business generates returns. - FY2019ReframedAnnual report
「The Company recognizes the return of profits to shareholders as one of its important management priorities. Its policy is to provide returns to shareholders at the optimal time and in the optimal manner, while comprehensively considering operating results, financial condition and funds required for future investment in each fiscal period. [Omitted.] For the current fiscal year, the Company plans to acquire ¥300 million worth of treasury shares and will therefore pay no dividend.」
While maintaining its long-term shareholder return policy, the Company changed the form of returns for the current fiscal year from a dividend to a planned ¥300 million acquisition of treasury shares, resulting in no dividend. - FY2019-Q2RestatedAnnual report
「Board of Directors meeting held on 10 May 2018 Common shares 262 26 31 March 2018 12 June 2018 Retained earnings」
The disclosure states that a dividend of ¥26 per share, totaling ¥262 million, was paid as part of the policy of providing long-term returns to shareholders. - FY2018RestatedAnnual report
「We regard long-term returns to shareholders as one of our important management priorities. With respect to dividends from surplus, our policy is to provide shareholders with the maximum possible return while comprehensively considering the results of operations, financial position and funds available for future investment in each fiscal period. The dividend from surplus for the current fiscal year will be ¥26 per share. Retained earnings will be used effectively as working capital for existing business activities and as investment capital for the agile development of new businesses, in order to achieve sustainable and stable growth.」
The Company will continue its dividend policy of taking into account long-term profit returns and funds for future investment, and will pay a dividend of ¥26 per share for the fiscal year. Retained earnings will be used for investment in existing and new businesses. - FY2016First statedAnnual report
「We regard long-term returns to shareholders as one of our important management priorities. With respect to dividends from surplus, our policy is to provide shareholders with the maximum possible return while comprehensively considering the results of operations, financial position and funds available for future investment in each fiscal period.」
Dividends are treated as an important component of long-term shareholder returns, while operating performance, financial position and funds available for future investment are taken into consideration.