Gradual Increase in the Payout Ratio Target and Approximately 50% for the Fiscal Year Ended March 2018
First written in FY2016. 11 of 36 entries say "Restated". Latest entry: FY2026.
11 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Based on the foregoing, the Company will pay progressive dividends to provide stable returns to shareholders. At the same time, it will continue its basic policy of maintaining a consolidated payout ratio of 50%. Together with a target ROE of 15%, this is intended to achieve sustainable returns to shareholders based on a target DOE of 7.5%.」
The Company has revised its policy from a minimum annual dividend of ¥40, a payout ratio of approximately 50%, and DOE of approximately 5% to a policy combining progressive dividends, a 50% payout ratio, ROE of 15%, and DOE of 7.5%. The planned annual dividend for the current fiscal year is ¥54, and the consolidated payout ratio is 50.6%. - FY2026-H1Year-end dividend paid and interim dividend resolvedAnnual report
「25 June 2025 Annual General Meeting of Shareholders Common shares 864 25.00 31 March 2025 26 June 2025 Retained earnings Regarding the interim dividend for the 63rd fiscal year (from 1 April 2025 to 31 March 2026), the Company resolved at a meeting of the Board of Directors held on 31 October 2025 to pay an interim dividend as follows to shareholders listed or recorded in the shareholder registry as of 30 September 2025. ① Total dividends: ¥796 million ② Dividend per share: ¥23.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2025」
The year-end dividend for the fiscal year ended March 2025 was paid at ¥864 million, or ¥25 per share. The interim dividend based on 30 September 2025 as the record date was resolved at ¥796 million, or ¥23 per share. - FY2025ReframedAnnual report
「To provide stable returns to shareholders, the Company has set a minimum annual dividend of ¥40 per share. At the same time, it has established a basic policy of targeting a consolidated payout ratio of approximately 50%. Together with its target return on equity, this is intended to achieve sustainable returns to shareholders based on a dividend-on-equity ratio of approximately 5%.」
The Company has revised its distribution policy from the previous policy of maintaining a 50% payout ratio to a combination of a ¥40 minimum annual dividend, a payout ratio of approximately 50%, and a dividend-on-equity ratio of approximately 5%. - FY2025-H1Interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 31 October 2024, the Company resolved to pay an interim dividend as follows to shareholders listed or recorded in the shareholder registry as of 30 September 2024. ① Total dividends: ¥689 million ② Dividend per share: ¥20.00 ③ Effective date of dividend payment claim and payment commencement date: 2 December 2024」
The resolution provides for an interim dividend based on 30 September 2024 as the record date, totaling ¥689 million, or ¥20 per share, with payment commencing on 2 December 2024. - FY2024-Q2Interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 31 October 2023, the Company resolved to pay an interim dividend as follows to shareholders listed or recorded in the shareholder registry as of 30 September 2023. ① Total dividends: ¥515 million ② Dividend per share: ¥15.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2023」
The resolution provides for an interim dividend based on 30 September 2023 as the record date, totaling ¥515 million, or ¥15 per share, with payment commencing on 1 December 2023. - FY2024-Q1A year-end dividend was paidAnnual report
「23 June 2023 Annual General Meeting of Shareholders Common shares 479 14.00 31 March 2023 26 June 2023 Retained earnings」
For the year-end dividend for the fiscal year ended March 2023, the company paid total dividends of ¥479 million, or ¥14 per share, with the payment becoming effective on 26 June 2023. - FY2023RestatedAnnual report
「Through the implementation of the 2019 five-year medium-term management plan currently in progress, the company will continue to increase the profits that fund dividends, maintain a consolidated dividend payout ratio of 50%, and enhance shareholder returns.」
The company reaffirmed its policy of maintaining a consolidated dividend payout ratio of 50% and stated that, for the fiscal year, the annual dividend was ¥28 per share and the consolidated dividend payout ratio was 49.4%. - FY2023-Q3RestatedAnnual report
「For the interim dividend for the 60th fiscal year, from 1 April 2022 to 31 March 2023, the company resolved at a meeting of the Board of Directors held on 31 October 2022 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2022, as follows: ① Total dividends: ¥479 million ② Dividend per share: ¥14.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2022」
The company continues to state the resolution to pay total dividends of ¥479 million, or ¥14 per share, for the interim dividend with a record date of 30 September 2022, with payments commencing on 1 December 2022. - FY2023-Q2Interim dividend approvedAnnual report
「For the interim dividend for the 60th fiscal year, from 1 April 2022 to 31 March 2023, the company resolved at a meeting of the Board of Directors held on 31 October 2022 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2022, as follows: ① Total dividends: ¥479 million ② Dividend per share: ¥14.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2022」
For the interim dividend with a record date of 30 September 2022, the company states that it resolved to pay total dividends of ¥479 million, or ¥14 per share, with payments commencing on 1 December 2022. - FY2023-Q1A year-end dividend was paidAnnual report
「24 June 2022 Annual General Meeting of Shareholders Common shares 481 14.00 31 March 2022 27 June 2022 Retained earnings」
For the year-end dividend for the fiscal year ended March 2022, the company paid total dividends of ¥481 million, or ¥14 per share, with the payment becoming effective on 27 June 2022. - FY2022SoftenedAnnual report
「Going forward, through the implementation of the 2019 five-year medium-term management plan, the company will continue to increase the profits that fund dividends, maintain a consolidated dividend payout ratio of 50% or more, and enhance shareholder returns.」
While the main text of the policy states that the consolidated dividend payout ratio will be maintained at 50% or more, the explanation of the basic policy on profit allocation states that the consolidated dividend payout ratio will be maintained at 50%, indicating a change in wording. For the fiscal year, the annual dividend was ¥41.50 per share and the consolidated dividend payout ratio was 51.0%, including a special dividend of ¥13.50 per share. - FY2022-Q2Interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 29 October 2021, the company resolved to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2021, as follows: ① Total dividends: ¥955 million ② Dividend per share: ¥27.50 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2021」
For the interim dividend with a record date of 30 September 2021, the company states that it resolved to pay total dividends of ¥955 million, or ¥27.50 per share, with payments commencing on 1 December 2021. - FY2022-Q1A year-end dividend was paidAnnual report
「18 June 2021 Annual General Meeting of Shareholders Common shares 559 16.00 31 March 2021 21 June 2021 Retained earnings」
For the year-end dividend for the fiscal year ended March 2021, the company paid total dividends of ¥559 million, or ¥16 per share, with the payment becoming effective on 21 June 2021. - FY2021RestatedAnnual report
「Regarding shareholder returns, the 2019 five-year medium-term management plan formulated in 2019 sets the target management indicator of maintaining a consolidated dividend payout ratio of 50% or more.」
The company continues to maintain its policy of maintaining a consolidated dividend payout ratio of 50% or more. For the fiscal year, the annual dividend was ¥28.50 per share and the consolidated dividend payout ratio was 50.2%. - FY2021-Q3RestatedAnnual report
「For the interim dividend for the 58th fiscal year, from 1 April 2020 to 31 March 2021, the company resolved at a meeting of the Board of Directors held on 30 October 2020 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2020, as follows: ① Total dividends: ¥442 million ② Dividend per share: ¥12.50 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2020」
The company continues to state the resolution to pay total dividends of ¥442 million, or ¥12.50 per share, for the interim dividend with a record date of 30 September 2020, with payments commencing on 1 December 2020. - FY2021-Q2Interim dividend approvedAnnual report
「For the interim dividend for the 58th fiscal year, from 1 April 2020 to 31 March 2021, the company resolved at a meeting of the Board of Directors held on 30 October 2020 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2020, as follows: ① Total dividends: ¥442 million ② Dividend per share: ¥12.50 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2020」
For the interim dividend with a record date of 30 September 2020, the company states that it resolved to pay total dividends of ¥442 million, or ¥12.50 per share, with payments commencing on 1 December 2020. - FY2021-Q1A year-end dividend was paidAnnual report
「19 June 2020 Annual General Meeting of Shareholders Common shares 546 15.50 31 March 2020 22 June 2020 Retained earnings」
For the year-end dividend for the fiscal year ended March 2020, the company states that total dividends were ¥546 million, or ¥15.50 per share, with the payment becoming effective on 22 June 2020. - FY2020RaisedAnnual report
「Regarding shareholder returns, the 2019 five-year medium-term management plan formulated in 2019 sets the target management indicator of maintaining a consolidated dividend payout ratio of 50% or more.」
The wording has changed from maintaining a consolidated dividend payout ratio of 50% to maintaining it at 50% or more. For the fiscal year, the annual dividend was ¥28 per share and the consolidated dividend payout ratio was 51.8%. - FY2020-Q3RestatedAnnual report
「For the interim dividend for the 57th fiscal year, from 1 April 2019 to 31 March 2020, the company resolved at a meeting of the Board of Directors held on 31 October 2019 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2019, as follows: ① Total dividends: ¥440 million ② Dividend per share: ¥12.50 ③ Effective date of dividend payment claim and payment commencement date: 2 December 2019」
The company continues to state the resolution to pay total dividends of ¥440 million, or ¥12.50 per share, for the interim dividend with a record date of 30 September 2019, with payments commencing on 2 December 2019. - FY2020-Q2Interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the company resolved to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2019, as follows: ① Total dividends: ¥440 million ② Dividend per share: ¥12.50 ③ Effective date of dividend payment claim and payment commencement date: 2 December 2019」
For the interim dividend with a record date of 30 September 2019, the company states that it resolved to pay total dividends of ¥440 million, or ¥12.50 per share, with payments commencing on 2 December 2019. - FY2020-Q1A year-end dividend was paidAnnual report
「21 June 2019 Annual General Meeting of Shareholders Common shares 508 14.50 31 March 2019 24 June 2019 Retained earnings」
For the year-end dividend for the fiscal year ended March 2019, the company states that total dividends were ¥508 million, or ¥14.50 per share, with the payment becoming effective on 24 June 2019. - FY2019RestatedAnnual report
「Under the newly formulated 2019 five-year medium-term management plan, the company will maintain a consolidated dividend payout ratio of 50% and enhance shareholder returns. Based on this policy, an interim dividend of ¥11.50 per share has already been paid for the fiscal year, while the year-end ordinary dividend was set at ¥14.50 per share, resulting in an annual dividend of ¥26 per share, compared with ¥23 in the previous fiscal year. As a result, the consolidated dividend payout ratio was 50.9%, compared with 74.5% on a non-consolidated basis.」
The policy of maintaining a 50% consolidated dividend payout ratio was carried forward into the new medium-term plan, and the company reported an annual dividend of ¥26 per share and a consolidated dividend payout ratio of 50.9%. - FY2019-Q3RestatedAnnual report
「For the interim dividend for the 56th fiscal year, from 1 April 2018 to 31 March 2019, the company resolved at a meeting of the Board of Directors held on 31 October 2018 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2018, as follows: ① Total dividends: ¥403 million ② Dividend per share: ¥11.50 ③ Effective date of dividend payment claim and payment commencement date: 3 December 2018」
The company continues to state the resolution to pay total dividends of ¥403 million, or ¥11.50 per share, for the interim dividend with a record date of 30 September 2018, with payments commencing on 3 December 2018. - FY2019-Q2Interim dividend approvedAnnual report
「For the interim dividend for the 56th fiscal year, from 1 April 2018 to 31 March 2019, the company resolved at a meeting of the Board of Directors held on 31 October 2018 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2018, as follows: ① Total dividends: ¥403 million ② Dividend per share: ¥11.50 ③ Effective date of dividend payment claim and payment commencement date: 3 December 2018」
For the interim dividend with a record date of 30 September 2018, the company states that it resolved to pay total dividends of ¥403 million, or ¥11.50 per share, with payments commencing on 3 December 2018. - FY2019-Q1A year-end dividend was paidAnnual report
「22 June 2018 Annual General Meeting of Shareholders Common shares 420 12.00 31 March 2018 25 June 2018 Retained earnings」
For the fiscal year ended March 2018, the company resolved to pay a year-end dividend on common shares totaling ¥420 million, or ¥12 per share, with the payment becoming effective on 25 June 2018. - FY2018RestatedAnnual report
「Regarding its basic policy on shareholder returns, the company has set a target consolidated dividend payout ratio of 50% under the 2016 three-year medium-term management plan currently being implemented and intends to maintain it. Based on this policy, an interim dividend of ¥11 per share has already been paid for the fiscal year, while the year-end ordinary dividend was set at ¥12 per share, resulting in an annual dividend of ¥23 per share, compared with ¥22 in the previous fiscal year. As a result, the consolidated dividend payout ratio was 51.6%, compared with 58.4% on a non-consolidated basis.」
The company reaffirmed its policy of maintaining a 50% target consolidated dividend payout ratio and reported an annual dividend of ¥23 per share and a consolidated dividend payout ratio of 51.6%. - FY2018-Q3RestatedAnnual report
「For the interim dividend for the 55th fiscal year, from 1 April 2017 to 31 March 2018, the company resolved at a meeting of the Board of Directors held on 31 October 2017 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2017, as follows.」
The company continues to state the resolution to pay total dividends of ¥385 million, or ¥11 per share, for the interim dividend with a record date of 30 September 2017, with payments commencing on 1 December 2017. - FY2018-Q2Interim dividend approvedAnnual report
「For the interim dividend for the 55th fiscal year, from 1 April 2017 to 31 March 2018, the company resolved at a meeting of the Board of Directors held on 31 October 2017 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2017, as follows: ① Total dividends: ¥385 million ② Dividend per share: ¥11.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2017」
For the interim dividend with a record date of 30 September 2017, the company states that it resolved to pay total dividends of ¥385 million, or ¥11 per share, with payments commencing on 1 December 2017. - FY2018-Q1A year-end dividend was paidAnnual report
「27 June 2017 Annual General Meeting of Shareholders Common shares 420 12.00 31 March 2017 28 June 2017 Retained earnings」
For common shares for the fiscal year ended March 2017, the company resolved to pay total dividends of ¥420 million, or ¥12 per share, with the payment becoming effective on 28 June 2017. - FY2017AdvancedAnnual report
「Regarding its basic policy on shareholder returns, the company has set a target consolidated dividend payout ratio of 50% under the 2016 three-year medium-term management plan currently being implemented and intends to maintain it.」
The company explicitly states the 50% target, while the consolidated dividend payout ratio for the fiscal year was 51.4% and the annual dividend was ¥22 per share. - FY2017-Q3RestatedAnnual report
「For the interim dividend for the 54th fiscal year, from 1 April 2016 to 31 March 2017, the company resolved at a meeting of the Board of Directors held on 31 October 2016 to pay an interim dividend to shareholders listed or recorded in the shareholder register as of 30 September 2016, as follows: ① Total dividends: ¥350 million ② Dividend per share: ¥10.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2016」
The company did not restate the 50% dividend payout ratio target itself, but reiterated the resolution and payment details for an interim dividend of ¥350 million, or ¥10 per share. - FY2017-Q2Interim dividend approvedAnnual report
「At a meeting of the Board of Directors held on 31 October 2016, the company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2016, as follows: ① Total dividends: ¥350 million ② Dividend per share: ¥10.00 ③ Effective date of dividend payment claim and payment commencement date: 1 December 2016」
The 50% dividend payout ratio target itself was not restated, but the company resolved to pay an interim dividend of ¥350 million, or ¥10 per share. - FY2016First statedAnnual report
「Under the 2013 five-year medium-term management plan formulated in 2013, the company decided to gradually raise the dividend payout ratio, targeting 50% for the fiscal year ending March 2018. This policy was carried forward into the newly formulated 2016 three-year medium-term management plan.」
The company states its policy of raising the target consolidated dividend payout ratio from the previous target of 30% to 50% for the fiscal year ending March 2018.