Growth investment through stable dividends and retained earnings
First written in FY2016. 15 of 21 entries say "Raised", first in FY2017. Latest entry: 2026-09-09.
- 2026-09-09RaisedEarnings presentation
「Annual dividend forecast ¥190/share Interim ¥95 + year-end ¥95 Payout ratio target 45%; minimum DOE 2.5%」
The company forecast an annual dividend of ¥190 and set a payout ratio target of 45% and a minimum DOE of 2.5%. This raises the shareholder-return level from the previous year's annual dividend of ¥176. - FY2026-H1RaisedAnnual report
「At a meeting of the Board of Directors held on 7 August 2026, the following resolution was passed concerning the interim dividend for the current period. (i) Total dividend: ¥1,248 million (ii) Dividend per share: ¥95」
Under the stable dividend and shareholder return policies, the interim dividend was ¥95 per share, up from ¥82 in the same period of the previous year. - 2026-05-13RaisedEarnings
「Fiscal year ending December 2026 (forecast) 95.00 – 95.00 190.00」
The company forecasts interim and year-end dividends of ¥95 each and an annual dividend of ¥190 for fiscal 2026, above the previous year's interim dividend of ¥82, year-end dividend of ¥94 and annual dividend of ¥176. - FY2025RaisedAnnual report
「The Company recognizes shareholder returns as one of its important management initiatives. Dividends will have a DOE of 2.5% as a lower limit, and the consolidated dividend payout ratio will be set at a target of 45% from 2026 onward. In addition, taking into account the level of retained earnings and other factors, the Company will establish a share buyback limit of approximately ¥4 billion in total over the three years from 2026 through 2028, and will work to improve the total payout ratio.」
The dividend payout ratio target was raised from 40% from fiscal 2025 onward to 45% from 2026 onward, and the share buyback limit was expanded to approximately ¥4 billion in total over the three years from 2026 through 2028. - FY2025-H1RaisedAnnual report
「At a meeting of the Board of Directors held on 8 August 2025, the following resolution was passed concerning the interim dividend for the current period. (i) Total dividend: ¥1,081 million (ii) Dividend per share: ¥82」
Under the stable dividend and shareholder return policies, the interim dividend was ¥82 per share, up from ¥75 in the same period of the previous year. - FY2024RaisedAnnual report
「Based on the policy described above, the Company decided to pay a dividend of ¥176 per share for the current fiscal year, comprising an interim dividend of ¥75 and a year-end dividend of ¥101, including a ¥5 commemorative dividend marking the 110th anniversary of the Company's founding.」
The annual dividend increased from ¥150 in the previous fiscal year to ¥176, and the year-end dividend includes a ¥5 commemorative dividend marking the 110th anniversary of the Company's founding. - FY2024-H1RaisedAnnual report
「At a meeting of the Board of Directors held on 9 August 2024, the following resolution was passed concerning the interim dividend for the current period. (i) Total dividend: ¥1,010 million (ii) Dividend per share: ¥75」
Under the stable dividend and shareholder return policies, the interim dividend was ¥75 per share, up from ¥52 in the same period of the previous year. - FY2024-Q1RaisedAnnual report
「27 March 2024 Annual General Meeting of Shareholders Common shares 1,319 98.0 31 December 2023 28 March 2024 Retained earnings」
The year-end dividend for the fiscal year ended December 2023 was ¥98 per share, up from ¥52 in the previous year. The increase in shareholder returns is reflected in the results. - FY2023RaisedAnnual report
「The shareholder return policy has been partially revised from the fiscal year ending December 2024. Dividends will have a DOE of 2.5% as a lower limit, and the consolidated dividend payout ratio has been set at a target of 38% for fiscal 2024 and 40% from fiscal 2025 onward. In addition, taking into account the level of retained earnings and other factors, the Company will establish a share buyback limit of approximately ¥1 billion in total over the two years from 2024 through 2025, and will work to improve the total payout ratio.」
The shareholder return targets were raised from the previous consolidated dividend payout ratio target of 35% to a DOE lower limit of 2.5%, 38% for fiscal 2024 and 40% from fiscal 2025 onward. The share buyback period was revised to the two years from 2024 through 2025. - FY2023-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 10 August 2023, the following resolution was passed concerning the interim dividend for the current period. (i) Total dividend: ¥708 million (ii) Dividend per share: ¥52」
The ¥52-per-share interim dividend approved under the stable dividend policy was paid from 11 September. - FY2023-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 10 August 2023, the following resolution was passed concerning the interim dividend for the current period. (i) Total dividend: ¥708 million (ii) Dividend per share: ¥52」
Under the stable dividend policy, the interim dividend was ¥52 per share, up from ¥38 in the same period of the previous year. - FY2023-Q1RaisedAnnual report
「28 March 2023 Annual General Meeting of Shareholders Common stock 727 52.0 31 December 2022 29 March 2023 Retained earnings」
The year-end dividend for the fiscal year ended December 2022 was ¥52 per share, an increase from the year-end dividend of ¥45 per share in the same period of the previous year. - FY2022RaisedAnnual report
「Beginning with dividends for the fiscal year ending December 2023, in addition to the policy described above, shareholder returns were recognized as an important management measure. The target consolidated dividend payout ratio was set at 35%, and the dividend amount will be determined by comprehensively considering stable dividends and performance trends. In addition, the company plans to acquire approximately ¥1 billion of treasury shares over the three years from 2023 to 2025, taking into consideration the level of retained earnings and other factors, and will work to improve the total payout ratio.」
In addition to the previous stable dividend policy, the company explicitly stated a target consolidated dividend payout ratio of 35% and plans to acquire approximately ¥1 billion of treasury shares over the three years from 2023 to 2025. - FY2022-Q1AchievedAnnual report
「25 March 2022 Annual General Meeting of Shareholders Common stock 635 45.0 31 December 2021 28 March 2022 Retained earnings」
The disclosure states that a year-end dividend of ¥45 per share, totaling ¥635 million, for the fiscal year ended December 2021 was paid on 28 March 2022. - FY2021RaisedAnnual report
「For dividends for the current fiscal year, based on the policy described above, we decided to pay a dividend of ¥83 per share, including an interim dividend of ¥38.」
The annual dividend increased from ¥45 in the previous fiscal year to ¥83, while the interim dividend increased from ¥15 to ¥38. Retained earnings will be invested in responding to vehicle electrification, reducing greenhouse-gas emissions, and preparing for disasters and recalls. - FY2020SoftenedAnnual report
「For dividends for the current fiscal year, based on the policy described above, we decided to pay a dividend of ¥45 per share, including an interim dividend of ¥15.」
Although the policy of stable dividends and growth investment funded by retained earnings was maintained, the annual dividend was reduced from ¥60 in the previous year to ¥45, and the interim dividend from ¥30 to ¥15. - FY2020-Q1AchievedAnnual report
「26 March 2020 Annual General Meeting of Shareholders Common stock 426 30.0 31 December 2019 27 March 2020 Retained earnings」
The disclosure states that a year-end dividend of ¥30 per share, totaling ¥426 million, for the fiscal year ended December 2019 was paid on 27 March 2020. Payment of the annual dividend of ¥60 per share decided in the previous fiscal year progressed. - FY2019RaisedAnnual report
「For dividends for the current fiscal year, based on the policy described above, we decided to pay a dividend of ¥60 per share, including an interim dividend of ¥30.」
While maintaining the policy of stable dividends and growth investment funded by retained earnings, the annual dividend was reduced from ¥60 in the previous year to ¥45, and the interim dividend from ¥30 to ¥15. - FY2019-Q1RestatedAnnual report
「27 March 2019 Annual General Meeting of Shareholders Common stock 358 25.0 31 December 2018 28 March 2019 Retained earnings」
The disclosure states that a year-end dividend of ¥25 per share, totaling ¥358 million, for the fiscal year ended December 2018 was paid on 28 March 2019. - FY2017RaisedAnnual report
「For dividends for the current fiscal year, based on the policy described above, we decided to pay a dividend of ¥48 per share, including an interim dividend of ¥18.00. We intend to invest retained earnings effectively in product and technology development, strengthening production capabilities, and expanding and reorganizing overseas sites to respond to the diverse needs and market changes of the global automotive industry.」
While maintaining the basic policy of stable dividends and growth investment, the annual dividend increased from ¥34 in the previous fiscal year to ¥48. - FY2016First statedAnnual report
「Our basic policy is to maintain stable dividends while securing shareholder returns over the long term and retaining the necessary earnings, taking performance into consideration. We intend to invest retained earnings effectively in product and technology development, strengthening production capabilities, and expanding and reorganizing overseas sites to respond to the diverse needs and market changes of the global automotive industry.」
The capital allocation policy is to maintain stable dividends while investing retained earnings in product and technology development, strengthening production capabilities, and expanding and reorganizing overseas sites.