Balancing Retained Earnings with Stable Dividends
First written in FY2016. 21 of 37 entries say "Restated". Latest entry: 2026-07-31.
25 other companies' latest entry also says "Advanced".
- 2026-07-31AdvancedEarnings presentation
「Plan to pay an annual dividend of ¥62 per share, representing the sixth consecutive annual increase」
Set the annual dividend forecast for the fiscal year ending March 2027 at ¥62 per share, concretely demonstrating execution of the dividend-increase policy. - FY2026RaisedAnnual report
「In addition to the basic policy described above, after comprehensively considering the fact that full-year earnings exceeded the plan, the current financial position, and the balance with growth investments, we determined that conditions were in place to further enhance shareholder returns during the fiscal year and raised the consolidated payout ratio to approximately 50%.」
The payout ratio was raised from the previous target of approximately 30–40% to around 50%, and the annual dividend was set at ¥55. The policy of targeting high and stable dividends, using DOE of 3.5–4.0% as an indicator from the following fiscal year onward, was also presented. - FY2026-H1Increase in annual dividend to ¥37 per shareAnnual report
「27 June 2025 Annual General Meeting of Shareholders Common shares 223 20.00 31 March 2025 30 June 2025 Retained earnings 31 October 2025 Board of Directors Common shares 190 17.00 30 September 2025 8 December 2025 Retained earnings」
The annual dividend for the fiscal year ending March 2025 was ¥20 per share, and the interim dividend was ¥17, bringing the annual dividend to ¥37. This was an increase from ¥32 in the previous fiscal year. - FY2025Increase in annual dividend to ¥32 per shareAnnual report
「The annual dividend per share, including the ¥12 interim dividend already paid, is expected to be ¥32, and the consolidated payout ratio is expected to be 31.3%.」
The annual dividend is expected to increase from ¥24 in the previous fiscal year to ¥32, with the payout ratio expected to remain within the medium-term plan's target range of approximately 30–40%. The basic policy of balancing retained earnings with stable dividends continues. - FY2025-H1Increase in annual dividend to ¥15 and interim dividend to ¥12 per shareAnnual report
「27 June 2024 Annual General Meeting of Shareholders Common shares 167 15.00 31 March 2024 28 June 2024 Retained earnings 31 October 2024 Board of Directors Common shares 134 12.00 30 September 2024 6 December 2024 Retained earnings」
The dividend approved by the Annual General Meeting of Shareholders for the fiscal year ending March 2024 was ¥15 per share, and the interim dividend was ¥12 per share. No change to the policy of balancing retained earnings with stable dividends itself was disclosed. - FY2024-Q3RestatedAnnual report
「With respect to the interim dividend for the 56th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors, at a meeting held on 1 November 2023, resolved to pay the following interim dividend to shareholders recorded on the final shareholder register as of 30 September 2023, and the dividend was paid: ① Total interim dividend: ¥100 million ② Dividend per share: ¥9.00 ③ Effective date of dividend claim rights and payment commencement date: 8 December 2023」
An interim dividend of ¥9 per share, totaling ¥100 million, was paid, and the policy of balancing retained earnings with stable dividends remains in place. - FY2024-Q2Increase in interim dividend to ¥9 per shareAnnual report
「At a meeting of the Board of Directors held on 1 November 2023, a resolution was passed to pay the following interim dividend to shareholders recorded on the final shareholder register as of 30 September 2023: ① Total interim dividend: ¥100 million ② Dividend per share: ¥9.00 ③ Effective date of dividend claim rights and payment commencement date: 8 December 2023」
The interim dividend was ¥9 per share, an increase from ¥7 in the same period of the previous year. No change to the policy of balancing retained earnings with stable dividends itself was disclosed. - FY2024-Q1Increase in dividend to ¥11 per shareAnnual report
「29 June 2023 Annual General Meeting of Shareholders Common shares 123 11.00 31 March 2023 30 June 2023 Retained earnings」
The dividend approved pursuant to the resolution of the Annual General Meeting of Shareholders was ¥11 per share, an increase from ¥8 per share in the previous year. No change to the policy of stable dividends itself was disclosed. - FY2023-Q3RestatedAnnual report
「With respect to the interim dividend for the 55th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors, at a meeting held on 31 October 2022, resolved to pay the following interim dividend to shareholders recorded on the final shareholder register as of 30 September 2022, and the dividend was paid. ① Total interim dividend ¥78 million ② Dividend per share ¥7.00 ③ Effective date of dividend claim rights and payment commencement date 8 December 2022」
An interim dividend of ¥7 per share, totaling ¥78 million, was paid, and the policy of stable dividends remains in place. - FY2023-Q2Increase in interim dividend to ¥7 per shareAnnual report
「At a meeting of the Board of Directors held on 31 October 2022, a resolution was passed to pay the following interim dividend to shareholders recorded on the final shareholder register as of 30 September 2022: ① Total interim dividend: ¥78 million ② Dividend per share: ¥7.00 ③ Effective date of dividend claim rights and payment commencement date: 8 December 2022」
The interim dividend was ¥7 per share, an increase from ¥6 in the same period of the previous year. No change to the policy of balancing retained earnings with stable dividends itself was disclosed. - FY2023-Q1Increase in dividend to ¥8 per shareAnnual report
「29 June 2022 Annual General Meeting of Shareholders Common shares 89 8.00 31 March 2022 30 June 2022 Retained earnings」
The dividend approved pursuant to the resolution of the Annual General Meeting of Shareholders was ¥8 per share, an increase from ¥6 per share in the previous year. - FY2022-Q3RestatedAnnual report
「With respect to the interim dividend for the 54th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors, at a meeting held on 27 October 2021, resolved to pay the following interim dividend to shareholders recorded on the final shareholder register as of 30 September 2021, and the dividend was paid.」
An interim dividend totaling ¥67 million, or ¥6 per share, was paid, and the policy of balancing retained earnings with stable dividends remains in place. - FY2022-Q2RestatedAnnual report
「With respect to the interim dividend for the 54th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors, at a meeting held on 27 October 2021, resolved to pay the following interim dividend to shareholders recorded on the final shareholder register as of 30 September 2021: ① Total interim dividend: ¥67 million ② Dividend per share: ¥6.00 ③ Effective date of dividend claim rights and payment commencement date: 8 December 2021」
An interim dividend totaling ¥67 million, or ¥6 per share, was approved, and the policy of stable dividends remains in place. - FY2022-Q1RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 67 6.00 31 March 2021 30 June 2021 Retained earnings」
A dividend of ¥6 per share, totaling ¥67 million, was paid pursuant to a resolution of the Annual General Meeting of Shareholders, and the policy of stable dividends remains in place. - FY2021-Q2RestatedAnnual report
「4 November 2020 Board of Directors Common shares 67 6.00 30 September 2020 8 December 2020 Retained earnings」
An interim dividend totaling ¥67 million, or ¥6 per share, was approved, and the policy of stable dividends remains in place. - FY2021-Q1RestatedAnnual report
「26 June 2020 Annual General Meeting of Shareholders Common shares 67 6.00 31 March 2020 29 June 2020 Retained earnings」
A dividend of ¥6 per share, totaling ¥67 million, was paid pursuant to a resolution of the Annual General Meeting of Shareholders, and the policy of stable dividends remains in place. - FY2020RestatedAnnual report
「Accordingly, in determining the dividend, we place importance on the payout ratio, which serves as a benchmark for our shareholder returns policy, while making the strengthening of retained earnings and maintenance of stable dividends our basic policy. The medium-term management plan launched on 1 April 2020 sets the consolidated payout ratio as a management indicator and targets stable dividends at approximately 30–40% by the end of the plan.」
The policy of balancing retained earnings with stable dividends continued, and the new plan set a target payout ratio of approximately 30–40%. The payout ratio for the fiscal year was 31.6%. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, a resolution was passed to pay an interim dividend, with 6 December 2019 as the payment commencement date, to shareholders recorded on the final shareholder register as of 30 September 2019.」
An interim dividend totaling ¥67 million, or ¥6 per share, was paid, and the policy of stable dividends remains in place. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, a resolution was passed to pay an interim dividend, with 6 December 2019 as the payment commencement date, to shareholders recorded on the final shareholder register as of 30 September 2019.」
An interim dividend totaling ¥67 million, or ¥6 per share, was approved, and the policy of stable dividends remains in place. - FY2020-Q1Increase in dividend for the 50th anniversary of the foundingAnnual report
「The per-share dividend includes a ¥4 commemorative dividend for the 50th anniversary of the founding.」
The dividend for the fiscal year ending March 2019 was ¥10 per share, totaling ¥111 million, comprising the previous ¥6 per share plus a ¥4 commemorative dividend for the 50th anniversary of the founding. No withdrawal of the stable dividend policy itself was disclosed. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, a resolution was passed to pay an interim dividend as follows to shareholders recorded on the final shareholder register as of 30 September 2018, and the dividend was paid.」
An interim dividend totaling ¥67 million, or ¥6 per share, was paid, and the policy of stable dividends remains in place. - FY2019-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, a resolution was passed to pay an interim dividend as follows to shareholders recorded on the final shareholder register as of 30 September 2018.」
An interim dividend totaling ¥67 million, or ¥6 per share, was approved, and the policy of stable dividends remains in place. - FY2019-Q1RestatedAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares 67 6.00 31 March 2018 29 June 2018 Retained earnings」
A dividend of ¥6 per share was paid pursuant to a resolution of the Annual General Meeting of Shareholders, and the policy of stable dividends remains in place. - FY2018RestatedAnnual report
「Accordingly, in determining the dividend, we place importance on the payout ratio, which serves as a benchmark for our shareholder returns policy, while making the strengthening of retained earnings and maintenance of stable dividends our basic policy.」
The annual dividend was maintained at ¥12, and the policy of balancing retained earnings with stable dividends continued. The payout ratio was 58.9%. - FY2018-Q3RestatedAnnual report
「Total interim dividend: ¥67 million; dividend per share: ¥6.00」
An interim dividend totaling ¥67 million, or ¥6 per share, was paid to shareholders of record as of 30 September 2017, and the policy of stable dividends remains in place. - FY2018-Q2RestatedAnnual report
「Total interim dividend: ¥67 million; dividend per share: ¥6.00」
A total interim dividend of ¥67 million, or ¥6 per share, was approved for shareholders of record as of 30 September 2017, and the policy of stable dividends remains in place. - FY2018-Q1RestatedAnnual report
「29 June 2017 Annual General Meeting of Shareholders Common shares 67 6.00 31 March 2017 30 June 2017 Retained earnings」
As in the previous year, a dividend totaling ¥67 million, or ¥6 per common share, was paid pursuant to a resolution of the Annual General Meeting of Shareholders. - FY2017RestatedAnnual report
「Accordingly, in determining the dividend, we place importance on the payout ratio, which serves as a benchmark for our shareholder returns policy, while making the strengthening of retained earnings and maintenance of stable dividends our basic policy.」
The policy of balancing retained earnings with stable dividends continued, resulting in an annual dividend of ¥12 and a payout ratio of 41.3% for the fiscal year. The target payout ratio of approximately 30–40% at the end of the medium-term plan was recorded in a separate thread. - FY2017-Q3RestatedAnnual report
「Total interim dividend: ¥67 million; dividend per share: ¥6.00」
An interim dividend totaling ¥67 million, or ¥6 per share, was paid, and the policy of stable dividends remains in place. - FY2017-Q2RestatedAnnual report
「Total interim dividend: ¥67 million; dividend per share: ¥6.00」
A dividend of ¥6 per share was approved for the interim dividend with a record date of 30 September 2016, and the policy of stable dividends remains in place. - FY2017-Q1RestatedAnnual report
「29 June 2016 Annual General Meeting of Shareholders Common shares 67 6.00 31 March 2016 30 June 2016 Retained earnings」
As in the previous year, a dividend of ¥6 per common share was paid pursuant to a resolution of the Annual General Meeting of Shareholders. - FY2016First statedAnnual report
「The company's basic policy is to further strengthen its corporate structure and achieve stable long-term improvement in business performance while maintaining sufficient retained earnings and stable dividends.」
The annual dividend for the fiscal year was ¥12 per share, and the dividend payout ratio was 45.5%. Retained earnings are to be used to strengthen the management foundation and for future business development.