Worth reading
57In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
5
Increase in the consolidated payout ratio (percentage points)Wording
Conditional
How definitive the wording is.Dividend per share
Fiscal year ending March 2027Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Payout ratioThe consolidated payout ratio will be approximately 25% as the basic policyThe percentage of earnings paid out as dividends.
Dividend policy
The basic policy will be a consolidated payout ratio of approximately 25%, with a dividend floor of ¥20 per share. However, if the Company conducts a large-scale asset sale or share buyback, this will be considered separately, taking the total payout ratio into account.
| Item | Details |
|---|---|
| Payout ratio | The consolidated payout ratio will be approximately 25% as the basic policy |
| Dividend policy | The basic policy will be a consolidated payout ratio of approximately 25%, with a dividend floor of ¥20 per share. However, if the Company conducts a large-scale asset sale or share buyback, this will be considered separately, taking the total payout ratio into account. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of directors resolution only |
| Fiscal Period Covered | Fiscal year ending March 2027 |
Items this document does not state (8)
Dividend per shareTotal Annual DividendsPrevious-period results (per share)Total dividendsRecord dateEffective dateSource of dividendsBreakdown of Regular, Commemorative and Special Dividends
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To make the shareholder return policy clear and concise and enhance predictability. In addition, in light of making Toho Titanium a wholly owned subsidiary, the link to copper prices will be discontinued to achieve stable dividends.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.