Komori
Ray (4317) · PolicyDividend IncreasedLatest Earnings (2026-07-14): "Softened"

Performance-linked shareholder returns with a focus on the dividend payout ratio

First written in FY2017. 22 of 32 entries say "Restated". Latest entry: 2026-07-14.

32entries
10years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2020-Q3RestatedFY2021-Q1 – 2026-04-142017: 220172018: 420182019: 320192020: 420202021: 420212022: 320222023: 320232024: 220242025: 220252026: 52026
Same theme, other companies
Earnings-linked shareholder returns and special dividend policyA theme 190 companies write about · 5 as a headwind · 181 as a tailwind

13 other companies' latest entry also says "Softened".

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 190 companies compared. The sentences above are computed from all 190.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-14SoftenedEarnings

    「Fiscal year ending February 2027 (forecast) 0.00 — 15.00 15.00」

    The annual dividend forecast for the fiscal year ending February 2027 is ¥15, expected to decline from the previous fiscal year's ¥20.
  2. FY2026Dividend IncreasedAnnual report

    「The dividend for the fiscal year was set at ¥20 per share, taking into consideration the Company's financial position, dividend payout ratio and earnings.」

    The dividend per share was increased from ¥15 in the previous fiscal year to ¥20. The Company continued its policy of distributing profits based on the dividend payout ratio and earnings while taking research and development, capital investment and retained earnings into consideration.
  3. FY2026-H1RestatedAnnual report

    「Board of Directors meeting held on 23 April 2025 Common stock ¥201.458 million Dividend per share ¥15 28 February 2025 30 May 2025 Retained earnings」

    The Company reconfirmed that it paid a ¥15 per share dividend as the year-end dividend for the fiscal year ended February 2025.
  4. FY2025RestatedAnnual report

    「The Group recognizes returning profits to shareholders as one of its important management priorities. The Group is also managed on a consolidated basis, and intends to maintain an awareness of its dividend payout ratio and make appropriate profit distributions in line with earnings while taking into consideration investment in research and development, equipment and facilities required for the future business development of each Group company, as well as retained earnings within the Group to strengthen its management base.」

    The Company continued its policy of returning profits in line with earnings while maintaining an awareness of the dividend payout ratio and taking research and development, capital investment and retained earnings into consideration. The dividend per share was ¥15.
  5. FY2024RestatedAnnual report

    「The Group recognizes returning profits to shareholders as one of its important management priorities. The Group is also managed on a consolidated basis, and intends to maintain an awareness of its dividend payout ratio and make appropriate profit distributions in line with earnings while taking into consideration investment in research and development, equipment and facilities required for the future business development of each Group company, as well as retained earnings within the Group to strengthen its management base.」

    The Company continued its policy of returning profits in line with earnings while maintaining an awareness of the dividend payout ratio and taking investment and retained earnings into consideration. The dividend for the fiscal year was ¥15 per share.
  6. FY2024-Q3RestatedAnnual report

    「Board of Directors meeting, 19 April 2023 Common stock 214,933 15 28 February 2023 29 May 2023 Retained earnings」

    The Company reconfirmed that it paid a ¥15 per share dividend as the year-end dividend for the fiscal year ended February 2023.
  7. FY2024-Q2RestatedAnnual report

    「Board of Directors meeting, 19 April 2023 Common stock 214,933 15 28 February 2023 29 May 2023 Retained earnings」

    The Company reconfirmed that it paid a ¥15 per share dividend as the year-end dividend for the fiscal year ended February 2023.
  8. FY2023Dividend IncreasedAnnual report

    「The dividend for the fiscal year was set at ¥15 per share, taking into consideration the Company's financial position, dividend payout ratio and earnings.」

    The dividend per share was increased from ¥10 in the previous fiscal year to ¥15. The dividend payout ratio was 31.0%, and the Company continued its policy of distributing profits in line with earnings while taking research and development, capital investment in equipment and facilities, and retained earnings into consideration.
  9. FY2023-Q3RestatedAnnual report

    「Board of Directors meeting, 18 April 2022 Common stock 143,289 10 28 February 2022 30 May 2022 Retained earnings」

    The Company reconfirmed that it paid the ¥10 per share year-end dividend decided in the previous fiscal year.
  10. FY2023-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 18 April 2022, the Company resolved to pay a year-end dividend to shareholders recorded on the shareholder register as of 28 February 2022, as follows: ① Total dividends               ¥143.289 million ② Dividend per share             ¥10.00」

    The Company reconfirmed the ¥10 per share year-end dividend decided in the previous fiscal year as a dividend to be paid on 30 May 2022.
  11. FY2022Dividend IncreasedAnnual report

    「The dividend for the fiscal year was set at ¥10 per share, taking into consideration the Company's financial position, dividend payout ratio and earnings.」

    The dividend per share was increased from ¥5 in the previous fiscal year to ¥10. The dividend payout ratio was 30.8%, and the Company continued its policy of distributing profits in line with earnings while taking research and development, capital investment and retained earnings into consideration.
  12. FY2022-Q3RestatedAnnual report

    「Board of Directors meeting, 19 April 2021 Common stock 71,644 5 28 February 2021 28 May 2021 Retained earnings」

    The Company reconfirmed that it paid a ¥5 per share year-end dividend for the fiscal year ended February 2021.
  13. FY2022-Q2RestatedAnnual report

    「Board of Directors meeting, 19 April 2021 Common stock 71,644 5 28 February 2021 28 May 2021 Retained earnings」

    The Company reconfirmed that it paid a ¥5 per share year-end dividend for the fiscal year ended February 2021.
  14. FY2022-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 19 April 2021, the Company resolved to pay a year-end dividend to shareholders recorded on the shareholder register as of 28 February 2021, as follows: ① Total dividends               ¥71.644 million ② Dividend per share             ¥5.00 ③ Effective date of dividend payment claim and payment commencement date  28 May 2021」

    The Company reconfirmed that it paid the ¥5 per share year-end dividend decided in the previous fiscal year amid the COVID-19 pandemic.
  15. FY2021RestatedAnnual report

    「Although the consolidated fiscal year under review resulted in a loss, we recognize returning profits to shareholders as an important management issue. After comprehensively considering the fact that the impact of the novel coronavirus infection on our performance was less severe than in the worst-case scenario, the level of retained earnings and our financial condition, we decided to set the dividend at ¥5 per share.」

    Although the period under review resulted in a loss, a dividend of ¥5 per share was paid after taking retained earnings, financial condition and other factors into account, reconfirming the policy of returning profits to shareholders.
  16. FY2021-Q3RestatedAnnual report

    「16 April 2020 Board of Directors meeting Common shares 71,644 5 29 February 2020 29 May 2020 Retained earnings」

    The disclosure reconfirms the payment of a ¥5 per share year-end dividend for the fiscal year ended February 2020.
  17. FY2021-Q2RestatedAnnual report

    「Board of Directors meeting, 16 April 2020 Common shares 71,644 5 29 February 2020 29 May 2020 Retained earnings」

    The disclosure reconfirms the payment of a ¥5 per share year-end dividend for the fiscal year ended February 2020.
  18. FY2021-Q1RestatedAnnual report

    「At a meeting of the Board of Directors held on 16 April 2020, it was resolved to pay a year-end dividend as follows to shareholders recorded in the shareholder registry as of 29 February 2020. ① Total dividends: ¥71.644 million ② Dividend per share: ¥5.00 ③ Effective date of shareholders' right to claim payment and payment commencement date: 29 May 2020」

    The disclosure reconfirms the ¥5 per share year-end dividend decided in the previous fiscal year in light of the impact of the novel coronavirus infection, as the dividend payment made during the quarter under review.
  19. FY2020SoftenedAnnual report

    「The dividend for the fiscal year under review has been set at ¥5 per share. Due to the impact of the novel coronavirus, cancellations and postponements of events, exhibitions, concerts, stage performances and other activities have occurred one after another, significantly affecting performance in the short term, particularly in the SP and event division and the video equipment rental division, which conduct business involving these activities. As the end of the novel coronavirus outbreak remains unforeseeable and the period of self-restraint may be prolonged, we have set the dividend at ¥5 per share to strengthen cash on hand and equity capital.」

    The dividend was reduced from ¥8 per share in the previous fiscal year to ¥5, citing the impact of the novel coronavirus and the need to strengthen cash on hand and equity capital. The policy of returning profits with a focus on the dividend payout ratio remains unchanged.
  20. FY2020-Q3RestatedAnnual report

    「Board of Directors meeting, 18 April 2019 Common shares 114,631 8 28 February 2019 31 May 2019 Retained earnings」

    The disclosure reconfirms that the year-end dividend for the fiscal year ended February 2019 was set at ¥8 per share. There is no new change to the dividend level, which increased from ¥6 in the previous fiscal year.
  21. FY2020-Q2RestatedAnnual report

    「Board of Directors meeting, 18 April 2019 Common shares 114,631 8 28 February 2019 31 May 2019 Retained earnings」

    The second-quarter disclosure reconfirms that the year-end dividend for the fiscal year ended February 2019 was set at ¥8 per share. The increase from ¥6 in the previous fiscal year had already been disclosed as of the previous quarterly filing, and there is no new change in this filing.
  22. FY2020-Q1Dividend IncreasedAnnual report

    「Board of Directors meeting, 18 April 2019 Common shares 114,631 8 28 February 2019 31 May 2019 Retained earnings」

    The year-end dividend for the fiscal year ended February 2019 was set at ¥8 per share, up from ¥6 per share in the previous fiscal year.
  23. FY2019-Q3RestatedAnnual report

    「17 April 2018 Board of Directors meeting Common shares 85,973 6.0 28 February 2018 31 May 2018 Retained earnings」

    The third-quarter disclosure reconfirms that a dividend of ¥6 per share was paid as the year-end dividend for the fiscal year ended February 2018.
  24. FY2019-Q2RestatedAnnual report

    「Board of Directors meeting, 17 April 2018 Common shares 85,973 6 28 February 2018 31 May 2018 Retained earnings」

    A dividend of ¥6 per share was paid as the year-end dividend for the fiscal year ended February 2018, representing shareholder returns at the same level as previously.
  25. FY2019-Q1RestatedAnnual report

    「① Total dividends: ¥85.973 million ② Dividend per share: ¥6.00 ③ Effective date of shareholders' right to claim payment and payment commencement date: 31 May 2018」

    A dividend of ¥6 per share was paid as the year-end dividend for the fiscal year ended February 2018, at the same level as under the previous shareholder-return policy.
  26. FY2018RestatedAnnual report

    「While taking into account investment in research and development, equipment and facilities, as well as retained earnings within the Group to strengthen its management base, we intend to maintain a focus on the dividend payout ratio and make appropriate distributions of profits in line with performance.」

    The disclosure reconfirms the policy of returning profits with a focus on the dividend payout ratio while taking into account investment in research and development, equipment and facilities, and retained earnings, and sets the dividend for the year at ¥6 per share.
  27. FY2018-Q3RestatedAnnual report

    「Board of Directors meeting, 20 April 2017 Common shares 77,364 ¥6.0 28 February 2017 31 May 2017 Retained earnings」

    During the nine-month consolidated cumulative period under review, a dividend of ¥6 per share was paid, the same amount as in the previous fiscal year.
  28. FY2018-Q2RestatedAnnual report

    「Board of Directors meeting, 20 April 2017 Common shares 77,364 ¥6.0 28 February 2017 31 May 2017 Retained earnings」

    During the six-month consolidated cumulative period under review, a dividend of ¥6 per share was paid, the same amount as in the previous fiscal year.
  29. FY2017First statedAnnual report

    「While taking into account investment in research and development, equipment and facilities, as well as retained earnings within the Group to strengthen its management base, we intend to maintain a focus on the dividend payout ratio and make appropriate distributions of profits in line with performance.」

    The policy is to distribute profits in line with performance while taking into account investment in research and development, equipment and facilities, and retained earnings, with a focus on the dividend payout ratio. The dividend for the year under review is ¥6 per share.
Moved together

"Profit Pressure from Order and Pricing Competition" moved the same way as this thread, in the same document, in 3 of its 32 moves.

322★123
  1. ★This thread
  2. 1Profit Pressure from Order and Pricing Competition3×
  3. 2Securing stable revenue and orders2×
  4. 3Stable growth with profitability through concentrating management resources on 4 businesses2×

★ 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
Ray's next results are scheduled for 2026-10-14. Read the earnings preview It last moved in the Earnings of 2026-07-14: "Softened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Performance-linked shareholder returns with a focus on the dividend payout ratio | Ray Corporation (4317) | Komori