Balancing performance-linked dividends with stable, ongoing dividends
First written in FY2016. 16 of 30 entries say "Restated". Latest entry: 2026-08-12.
- 2026-08-12RestatedEarnings
「Fiscal year ending March 2027 (forecast) 40.00 — 40.00 80.00」
The annual dividend forecast of ¥80 for the fiscal year ending March 2027 remains unchanged. - FY2026RaisedAnnual report
「We recognize the return of profits to shareholders as one of our key management priorities. Our basic policy is to pay stable and ongoing dividends while taking performance and financial condition into account, and we pay dividends with a target consolidated payout ratio of 50%. We expect a total payout ratio of at least 70%. In addition, to make our stance on enhancing shareholder returns even clearer, we added progressive dividends to our dividend policy.」
While maintaining targets of a 50% consolidated payout ratio and a total payout ratio of at least 70%, we added progressive dividends to the policy. For the fiscal year ended March 2026, ordinary dividends of ¥30 per share were paid for the interim dividend and ¥50 per share for the year-end dividend, for an annual total of ¥80. - FY2026-H1Resolution on the ¥30 interim dividendAnnual report
「Regarding the interim dividend for the 67th fiscal year, from 1 April 2025 to 31 March 2026, the Board of Directors resolved at its meeting held on 13 November 2025 to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2025.」
An interim dividend of ¥30 per share, totaling ¥807.533 million, was approved based on the record date of 30 September 2025. - FY2025Confirmation of an annual ordinary dividend of ¥50Annual report
「For the fiscal year ending March 2025, taking into account the basic policy described above and the realization of shareholder returns, an interim dividend of ¥25 per share has already been paid for the fiscal year, and the year-end dividend will be an ordinary dividend of ¥25 per share, resulting in an annual ordinary dividend of ¥50 per share, with a payout ratio of 46.3%.」
The policy of a consolidated payout ratio of 50% and a total payout ratio of at least 70% was maintained, and ordinary dividends of ¥25 per share were paid for both the interim and year-end dividends for the fiscal year ended March 2025, for an annual total of ¥50. - FY2025-H1Approval of a ¥25 interim dividendAnnual report
「Regarding the interim dividend for the 66th fiscal year, from 1 April 2024 to 31 March 2025, the Board of Directors resolved at its meeting held on 12 November 2024 to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2024. ① Total dividends: ¥680.719 million ② Dividend per share: ¥25.00」
Following the ¥40 year-end dividend for the fiscal year ended March 2024, a ¥25 interim dividend based on the record date of 30 September 2024, totaling ¥680.719 million, was approved. - FY2024RaisedAnnual report
「We recognize the return of profits to shareholders as one of our key management priorities. Our basic policy is to pay stable and ongoing dividends while taking performance and financial condition into account, and we pay dividends with a target consolidated payout ratio of 50%. We expect a total payout ratio of at least 70%.」
The policy was raised from the previous wording of a consolidated payout ratio of at least 30% or approximately 30% to a target consolidated payout ratio of 50% and a total payout ratio of at least 70%. For the fiscal year ended March 2024, the ordinary dividend was ¥40 per share and the payout ratio was 39.3%. - FY2024-Q2RestatedAnnual report
「11 May 2023 Board of Directors Common shares 835,313 30.00 31 March 2023 22 June 2023 Retained earnings」
A dividend of ¥30 per share, totaling ¥835.313 million, was paid for the fiscal year ended March 2023. - FY2023RaisedAnnual report
「We recognize the return of profits to shareholders as one of our key management priorities. Our basic policy is to pay stable and ongoing dividends while taking performance and financial condition into account, and we pay dividends once a year with a target consolidated payout ratio of at least 30% while maintaining the current dividend per share.」
The wording was changed back from “consolidated payout ratio of approximately 30%” in fiscal 2021 to “30% or more as a guideline.” For the fiscal year ending March 2023, an ordinary dividend of ¥30 per share, excluding a commemorative dividend, will be paid, representing a consolidated payout ratio of 36.2%. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 12 May 2022, a resolution was passed to pay dividends from retained earnings as follows.」
A dividend of ¥30 per share, totaling ¥831.302 million, was paid for the fiscal year ended March 2022. The ¥30 per share included a ¥5 commemorative dividend for the 50th anniversary of the founding. - FY2022Addition of a commemorative dividend for the 50th anniversary of the foundingAnnual report
「Accordingly, we will pay a year-end dividend of ¥30 per share, comprising an ordinary dividend of ¥25 and a commemorative dividend of ¥5, with a consolidated payout ratio of 39.0%.」
While maintaining the policy of stable, ongoing dividends and a consolidated payout ratio of approximately 30%, the dividend was set at ¥30 per share by adding a ¥5 commemorative dividend for the 50th anniversary of the founding to the ¥25 ordinary dividend. - FY2022-Q2RestatedAnnual report
「13 May 2021 Board of Directors Common shares 631,377 23.0 31 March 2021 21 June 2021 Retained earnings」
The fact that a year-end dividend of ¥23 per share, totaling ¥631.377 million, was paid for the fiscal year ended March 2021 was reiterated. - FY2022-Q1RestatedAnnual report
「13 May 2021 Board of Directors Common shares 631,377 23.0 31 March 2021 21 June 2021 Retained earnings」
A year-end dividend of ¥23 per share, totaling ¥631.377 million, was paid for the fiscal year ended March 2021. - FY2021SoftenedAnnual report
「We recognize the return of profits to shareholders as one of our key management priorities. Our basic policy is to pay stable and ongoing dividends while taking performance and financial condition into account, and we are paying dividends with a target consolidated payout ratio of approximately 30% while maintaining the current dividend per share.」
The wording changed from the previous “payout ratio of at least 30% as a guideline” to “targeting approximately 30%,” and a policy of maintaining the current dividend per share was explicitly stated. The dividend for the fiscal year ended March 2021 was ¥23, unchanged from the previous fiscal year. - FY2021-Q3RestatedAnnual report
「8 May 2020 Board of Directors Common shares 627,788 23.0 31 March 2020 22 June 2020 Retained earnings」
The payment of a year-end dividend of ¥23 per share, totaling ¥627.788 million, for the fiscal year ended March 2020 was reiterated. The ¥23 per share included a ¥2 commemorative dividend for the 20th anniversary of the listing. - FY2021-Q2RestatedAnnual report
「8 May 2020 Board of Directors Common shares 627,788 23.0 31 March 2020 22 June 2020 Retained earnings」
The payment of a year-end dividend of ¥23 per share, totaling ¥627.788 million, for the fiscal year ended March 2020 was reiterated. There was no change to the dividend policy, which included a ¥2 commemorative dividend for the 20th anniversary of the listing. - FY2021-Q1Payment of the year-end dividend, including the commemorative dividendAnnual report
「At a meeting of the Board of Directors held on 8 May 2020, a resolution was passed to pay dividends from retained earnings as follows.」
A year-end dividend of ¥23 per share, totaling ¥627.788 million, was paid on 22 June 2020 for the fiscal year ended March 2020. The ¥23 per share included a ¥2 commemorative dividend for the 20th anniversary of the listing. - FY2020Increase in the ordinary dividend and confirmation of the commemorative dividendAnnual report
「For the fiscal year ended March 2020, as the 20th anniversary of our stock market listing was reached in February, we decided to pay a commemorative dividend of ¥2 per share in addition to the ordinary dividend of ¥21 per share under our annual basic dividend policy, expressing our appreciation to the many shareholders who have supported the growth of our Group.」
While maintaining the basic policy of a payout ratio of at least 30% as a guideline, the year-end dividend was set at ¥23 per share by adding a ¥2 commemorative dividend for the 20th anniversary of the listing to the ¥21 ordinary dividend. - FY2020-Q3Addition of a commemorative dividendAnnual report
「At a meeting of the Board of Directors held on 12 February 2020, a resolution was passed regarding the year-end dividend as follows. Total year-end dividend: ¥600.024 million; dividend per share: ¥22.0 (ordinary dividend: ¥20.0; commemorative dividend: ¥2.0).」
A resolution was recorded to maintain the ordinary dividend at ¥20 per share, add a ¥2 commemorative dividend and set the year-end dividend at ¥22 per share. - FY2020-Q2RestatedAnnual report
「8 May 2019 Board of Directors Common shares 549,009 20.0 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥20 per share, totaling ¥549.009 million, was paid for the fiscal year ended March 2019. No change to the dividend policy was disclosed. - FY2020-Q1RestatedAnnual report
「8 May 2019 Board of Directors Common shares 549,009 20.0 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥20 per share, totaling ¥549.009 million, was paid for the fiscal year ended March 2019. No change to the dividend policy was disclosed. - FY2019-Q1RestatedAnnual report
「2 May 2018 Board of Directors Common shares 524,733 19.0 31 March 2018 21 June 2018 Retained earnings」
A dividend of ¥19 per share, totaling ¥524.733 million, was paid on 21 June 2018 for the fiscal year ended March 2018. - FY2018RestatedAnnual report
「Our dividend policy is to make earnings-linked dividends the basic approach while providing stable and ongoing dividends in order to further strengthen our sense of unity with shareholders, and to return profits to shareholders with a consolidated payout ratio of at least 30% as a guideline. For the fiscal year ending March 2018, we set the dividend at ¥19 per share in consideration of the need for stable and ongoing dividends.」
The policy of earnings-linked dividends and stable, ongoing dividends, with a payout ratio of at least 30% as a guideline, was maintained, and the dividend per share was ¥19. - FY2018-Q3RestatedAnnual report
「2 May 2017 Board of Directors Common shares 481,985 17.0 31 March 2017 22 June 2017 Retained earnings」
The fact that a dividend of ¥17 per share, totaling ¥481.985 million, was paid for the fiscal year ended March 2017 was reiterated. - FY2018-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 2 May 2017, a resolution was passed to pay dividends from retained earnings as follows.」
A dividend of ¥17 per share, totaling ¥481.985 million, was paid for the fiscal year ended March 2017. No change to the dividend policy was disclosed. - FY2017RestatedAnnual report
「Our dividend policy is to make earnings-linked dividends the basic approach while providing stable and ongoing dividends in order to further strengthen our sense of unity with shareholders, and to return profits to shareholders with a consolidated payout ratio of at least 30% as a guideline.」
The policy of earnings-linked dividends and stable, ongoing dividends, with a payout ratio of at least 30% as a guideline, was reiterated, and the dividend for the fiscal year ending March 2017 was set at ¥17. - FY2017-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 2 May 2016, a resolution was passed to pay dividends from retained earnings as follows.」
A dividend of ¥17 per share, totaling ¥488.366 million, was paid for the fiscal year ended March 2016. No change to the dividend policy itself was disclosed. - FY2016First statedAnnual report
「Our dividend policy is to make earnings-linked dividends the basic approach while providing stable and ongoing dividends in order to further strengthen our sense of unity with shareholders, and to return profits to shareholders with a consolidated payout ratio of at least 30% as a guideline.」
The consolidated payout ratio was set at 30% or more as a guideline, and the dividend for the fiscal year ended March 2016 was ¥17 per share.