Consistent Dividend Growth and a Medium- to Long-Term Payout Ratio of 30%
First written in FY2016. 32 of 35 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In addition to steadily increasing dividends, we will consider share buybacks targeting a total payout ratio of 50%, while comprehensively taking into account growth investments, financial soundness and other factors.」
The annual dividend was ¥30 per share and the consolidated dividend payout ratio was 32.6%, while an annual dividend of ¥36 was planned for the next fiscal year. The basic policy of targeting a total payout ratio of around 50% explicitly balances growth investments with financial soundness. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 November 2025, the following resolution was passed concerning the interim dividend for the current fiscal year.」
An interim dividend of ¥15 per share, totaling ¥22.126 billion, was approved for FY2026-H1. This was an increase from the previous fiscal year's interim dividend of ¥13 per share, continuing the policy of increasing dividends while targeting a total payout ratio of around 50%. - FY2025AdvancedAnnual report
「As a result, the consolidated dividend payout ratio for the current fiscal year was 32.9%, while the consolidated total payout ratio, including share buybacks conducted during the fiscal year, was 58.6%.」
Continued the policy of targeting a total payout ratio of around 50%. The annual dividend was ¥26 after the stock split, and ¥30 was planned for the next fiscal year. The total payout ratio for the current fiscal year, including share buybacks, was 58.6%. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2024, the following resolution was passed concerning the interim dividend for the current fiscal year. / (b) Dividend per share: ¥13.00」
Resolved to pay an interim dividend of ¥13 per share after the stock split. This is equivalent to ¥26 per share before the stock split and represents an increase from the ¥11 per share equivalent after the split in the same period of the previous fiscal year. - FY2024AdvancedAnnual report
「Regarding profit distribution to shareholders, in addition to steadily increasing dividends, we will also use share buybacks to return profits to shareholders, targeting a total payout ratio of around 50%. The annual dividend for the current fiscal year was set at ¥44.00 per share, including an interim dividend of ¥22.00. As a result, the consolidated dividend payout ratio for the current fiscal year was 30.8%, while the consolidated total payout ratio, including share buybacks conducted during the fiscal year, was 41.2%.」
Continued the policy of targeting a total payout ratio of around 50% and increased the annual dividend to ¥44. The total payout ratio, including share buybacks, was 41.2%. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 November 2023, the following resolutions were passed concerning the interim dividend for the current fiscal year. / (a) Total interim dividend: ¥16,383 million / (b) Dividend per share: ¥22.00 / (c) Effective date of dividend payment claim and payment commencement date: 4 December 2023」
Resolved to pay an interim dividend of ¥22 per share for FY2024-Q2, an increase of ¥3 from the previous fiscal year's interim dividend of ¥19. The policy of increasing dividends continues to be implemented. - FY2024-Q1AdvancedAnnual report
「27 June 2023 Annual General Meeting of Shareholders Common shares 15,636 21 31 March 2023 28 June 2023」
Paid a year-end dividend of ¥21 per share for the fiscal year ended March 2023. This was an increase from ¥18 per share in the previous fiscal year, and the policy of steadily increasing dividends continues to be implemented. - FY2023ReframedAnnual report
「In addition to steadily increasing dividends, we will also use share buybacks to return profits to shareholders, targeting a total payout ratio of around 50%.」
Reframed the policy from the previous medium- to long-term target of a 30% dividend payout ratio to a total payout ratio of around 50%, combining dividend increases with share buybacks. The annual dividend for FY2023 was ¥40, the total payout ratio was 89.6%, and an annual dividend of ¥44 was planned for the next fiscal year. - FY2023-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2022, the following resolutions were passed concerning the interim dividend for the current fiscal year. / (a) Total interim dividend: ¥14,310 million / (b) Dividend per share: ¥19.00 / (c) Effective date of dividend payment claim and payment commencement date: 5 December 2022」
Set the interim dividend at ¥19 per share, an increase from the previous fiscal year's interim dividend of ¥16. The policy of steadily increasing dividends continues to be implemented. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2022, the following resolutions were passed concerning the interim dividend for the current fiscal year. / (a) Total interim dividend: ¥14,310 million / (b) Dividend per share: ¥19.00 / (c) Effective date of dividend payment claim and payment commencement date: 5 December 2022」
Resolved to pay an interim dividend of ¥19 per share for FY2023-Q2, an increase from the previous fiscal year's interim dividend of ¥16. - FY2023-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 22 June 2022, a dividend of ¥18 per share on common shares was approved and paid on 23 June 2022.」
Set the year-end dividend for the fiscal year ended March 2022 at ¥18 per share, an increase from ¥15 per share in the previous fiscal year. The policy of steadily increasing dividends continues to be implemented. - FY2022AdvancedAnnual report
「Our basic policy for profit distribution is to steadily increase dividends and target a dividend payout ratio of 30% over the medium to long term. Accordingly, we will increase the annual dividend for the current fiscal year by ¥5 to ¥34 per share, including an interim dividend of ¥16. For the next fiscal year, we plan to increase the annual dividend to ¥36 per share, including an interim dividend of ¥18.」
Raised the annual dividend from ¥29 in the previous fiscal year to ¥34 and planned ¥36 for the next fiscal year. The medium- to long-term target of a 30% dividend payout ratio remains unchanged. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 4 November 2021, the following resolutions were passed concerning the interim dividend for the current fiscal year. / (a) Total interim dividend: ¥12,100 million / (b) Dividend per share: ¥16.00 / (c) Effective date of dividend payment claim and payment commencement date: 3 December 2021」
Resolved to pay an interim dividend of ¥16 per share, an increase from the previous fiscal year's interim dividend of ¥14. The policy of steadily increasing dividends continues to be implemented. - FY2022-Q1AdvancedAnnual report
「22 June 2021 Annual General Meeting of Shareholders Common shares 11,340 15 31 March 2021 23 June 2021」
A year-end dividend of ¥15 per share, totaling ¥11.34 billion, was paid on 23 June 2021 for the fiscal year ended March 2021. This was an increase from ¥14 per share in the previous fiscal year. - FY2021AdvancedAnnual report
「The annual dividend for the fiscal year was ¥29.00 per share, including an interim dividend of ¥14.00. … The annual dividend for the next fiscal year is planned to increase to ¥30 per share, including an interim dividend of ¥15.」
Raised the annual dividend for the current fiscal year from ¥28 to ¥29 and planned an annual dividend of ¥30 for the next fiscal year. The medium- to long-term target of a 30% dividend payout ratio remains unchanged. - FY2021-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 5 November 2020, the following resolution was passed concerning the interim dividend for the fiscal year: / (a) Total interim dividend: ¥10,577 million / (b) Amount per share: ¥14.00 / (c) Effective date of the payment claim and payment commencement date: 2 December 2020」
The company resolved to pay an interim dividend of ¥14 per share, totaling ¥10,577 million, with payment commencing on 2 December 2020. - FY2021-Q1AdvancedAnnual report
「25 June 2020 Annual General Meeting of Shareholders Common shares 10,531 14 31 March 2020 26 June 2020」
As the year-end dividend for the fiscal year ended March 2020, the company paid ¥14 per share, totaling ¥10,531 million, on 26 June 2020. This represented part of the planned ¥28 annual dividend maintained for the next fiscal year in light of the spread of COVID-19. - FY2020SoftenedAnnual report
「With respect to the distribution of profits, we will steadily increase dividends and aim for a payout ratio of 30% over the medium to long term. However, in light of the impact of the spread of COVID-19, we plan to maintain the annual dividend for the next fiscal year at ¥28 per share, including an interim dividend of ¥14.」
While maintaining its 30% payout ratio target and dividend increase policy, the company, in light of the spread of COVID-19, planned to maintain the annual dividend for the next fiscal year at ¥28 per share. The FY2020 annual dividend was ¥28, and the consolidated payout ratio was 24.6%. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2019, the following resolution was passed concerning the interim dividend for the fiscal year:」
The company resolved to pay a total interim dividend of ¥10,478 million, or ¥14 per share after the stock split, with payment commencing on 4 December 2019. On a pre-split basis, this was equivalent to ¥28. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2019, the following resolution was passed concerning the interim dividend for the fiscal year:」
The company resolved to pay a total interim dividend of ¥10,478 million, or ¥14 per share after the stock split. On a pre-split basis, this was equivalent to ¥28, an increase from ¥27 in the same period of the previous year. - FY2020-Q1AdvancedAnnual report
「21 June 2019 Annual General Meeting of Shareholders Common shares 10,029 27 31 March 2019 24 June 2019」
As the year-end dividend for the fiscal year ended March 2019, the company paid ¥27 per share before the stock split on 24 June 2019. This represented part of the annual dividend of ¥54 based on the policy of steadily increasing dividends. - FY2019AdvancedAnnual report
「With respect to the distribution of profits to shareholders, we will steadily increase dividends and aim for a payout ratio of 30% over the medium to long term. … The annual dividend for the fiscal year was ¥54.00 per share, including an interim dividend of ¥27.00. As a result, the consolidated payout ratio for the fiscal year was 24.8%.」
The company continued its dividend increase policy and medium- to long-term payout ratio target of 30%, increasing the annual dividend from ¥50 in the previous fiscal year to ¥54. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 November 2018, the following resolution was passed concerning the interim dividend for the fiscal year: / (a) Total interim dividend: ¥10,005 million / (b) Amount per share: ¥27.00 / (c) Effective date of the payment claim and payment commencement date: 5 December 2018」
The interim dividend for the fiscal year was set at ¥27 per share, with payment commencing on 5 December 2018. The company continued implementing its dividend increase policy under the medium- to long-term payout ratio target of 30%. - FY2019-Q2AdvancedAnnual report
「Amount per share: ¥27.00」
The company resolved to pay an interim dividend of ¥27 per share for the fiscal year with 30 September 2018 as the record date, an increase from the previous fiscal year's interim dividend of ¥23 per share. - FY2019-Q1AdvancedAnnual report
「22 June 2018 Annual General Meeting of Shareholders Common shares 9,549 27 31 March 2018 25 June 2018」
As the year-end dividend for the fiscal year ended March 2018, the company paid ¥27 per share, totaling ¥9,549 million. - FY2018AdvancedAnnual report
「With respect to the distribution of profits to shareholders, we will steadily increase dividends and aim for a payout ratio of 30% over the medium to long term. … The annual dividend for the fiscal year was ¥50.00 per share, including an interim dividend of ¥23.00. As a result, the consolidated payout ratio for the fiscal year was 19.3%.」
The company maintained its 30% payout ratio target and increased the annual dividend to ¥50 per share, comprising an interim dividend of ¥23 and a year-end dividend of ¥27. - FY2018-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2017, the following resolution was passed concerning the interim dividend for the fiscal year: / (a) Total interim dividend: ¥8,095 million / (b) Amount per share: ¥23.00 / (c) Effective date of the payment claim and payment commencement date: 5 December 2017」
The company resolved to pay an interim dividend of ¥23 per share, an increase from ¥20 per share for the interim dividend in the previous fiscal year. - FY2018-Q1AdvancedAnnual report
「27 June 2017 Annual General Meeting of Shareholders Common shares 7,743 22 31 March 2017 28 June 2017 Retained earnings」
In the quarter, the company paid a dividend of ¥22 per share on common shares for the fiscal year ended March 2017. - FY2017AdvancedAnnual report
「With respect to the distribution of profits to shareholders, we will steadily increase dividends and aim for a payout ratio of 30% over the medium to long term. … The annual dividend for the fiscal year was ¥42.00 per share, including an interim dividend of ¥20.00. As a result, the consolidated payout ratio for the fiscal year was 28.0%.」
The company maintained its 30% payout ratio target and set the FY2017 annual dividend at ¥42 per share, with a consolidated payout ratio of 28.0%. - FY2017-Q3AdvancedAnnual report
「(c) Effective date of the payment claim and payment commencement date: 7 December 2016」
Payment of the ¥20-per-share interim dividend commenced on 7 December 2016. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2016, the following resolution was passed concerning the interim dividend for the fiscal year: / (b) Amount per share: ¥20.00」
The company resolved to pay an interim dividend of ¥20 per share with 30 September 2016 as the record date. - FY2017-Q1AdvancedAnnual report
「24 June 2016 Annual General Meeting of Shareholders Common shares 7,259 20」
In the first quarter, we paid a dividend of ¥20 per share on common shares based on a resolution of the Annual General Meeting of Shareholders held on 24 June 2016. - FY2016First statedAnnual report
「With respect to the distribution of profits to shareholders, we will steadily increase dividends and aim for a payout ratio of 30% over the medium to long term.」
The annual dividend for the fiscal year was ¥39 per share, and the consolidated payout ratio was 28.9%.