Returning profits with a target payout ratio of 40%
First written in FY2016. 7 of 13 entries say "Restated". Latest entry: FY2026.
51 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Going forward, we will in principle adopt progressive dividends, maintaining or increasing dividends rather than reducing them, and pay stable and continuous dividends using a consolidated payout ratio of 50% or more as a guideline.」
In addition to the guideline of a consolidated payout ratio of 50% or more, the company newly specified a progressive dividend policy of maintaining or increasing dividends rather than reducing them in principle. - FY2025RaisedAnnual report
「At a Board of Directors meeting held on 13 May 2025, the company resolved to partially change its dividend policy, raising the guideline for the consolidated payout ratio from “30% or more” to “50% or more.” Dividends from the next fiscal year onward are scheduled to be paid under this policy.」
The company resolved to raise the guideline for the consolidated payout ratio from 30% or more to 50% or more, with the policy to apply from the next fiscal year onward. - FY2024RestatedAnnual report
「Under Vision2026, the three-year medium-term management plan beginning this fiscal year, we changed our dividend policy. We regard returning profits to shareholders as one of management's most important priorities and, taking into comprehensive consideration consolidated results and the level of retained earnings required for future business development, have adopted a basic policy of paying stable and continuous dividends using a consolidated payout ratio of 30% or more as a guideline.」
The dividend policy introduced at the launch of Vision2026, using a consolidated payout ratio of 30% or more as a guideline, was reiterated in the full-year dividend policy. - FY2023ReframedAnnual report
「We intend to pay stable and continuous dividends, using a consolidated payout ratio of 30% or more as a guideline.」
The previous 40% payout ratio target was not included. With the launch of Vision2026, the dividend policy changed to a new policy using a consolidated payout ratio of 30% or more as a guideline. - FY2021RestatedAnnual report
「Under this basic policy, we intend to provide appropriate returns to shareholders going forward.」
The previous numerical target of a 40% payout ratio was not included, and the policy of providing appropriate returns to shareholders remains in place. - FY2019RestatedAnnual report
「We intend to continue further strengthening our management base and actively developing our businesses while providing appropriate returns to shareholders.」
The 40% payout ratio target continues not to be stated, while the policy of providing “appropriate returns to shareholders” remains in place. - FY2018SoftenedAnnual report
「We intend to continue further strengthening our management base and actively developing our businesses while providing appropriate returns to shareholders.」
The previously stated numerical target of a 40% payout ratio was no longer included, and the wording changed to “appropriate returns to shareholders.” - FY2017RestatedAnnual report
「Going forward, while continuing to strengthen our management base and actively expand our businesses, we intend to provide appropriate shareholder returns with a target dividend payout ratio of 40%.」
The 40% payout ratio target was reaffirmed in the annual dividend policy. The actual payout ratio was 75.7%, and the annual dividend was ¥12 per share. - FY2016First statedAnnual report
「Going forward, while continuing to strengthen our management base and actively expand our businesses, we intend to provide appropriate shareholder returns with a target dividend payout ratio of 40%.」
A 40% dividend payout ratio target is explicitly stated.