Earnings-linked dividends targeting a consolidated payout ratio of 30%
First written in FY2017. 4 of 14 entries say "Restated". Latest entry: 2026-08-06.
47 other companies' latest entry also says "Raised".
- 2026-08-06RaisedEarnings
「The dividend per share for the fiscal year ending March 2027 has changed from ¥49 to ¥55 for both the interim and year-end dividends.」
The annual dividend forecast for the fiscal year ending March 2027 was raised from ¥98 to ¥110. - FY2026RestatedAnnual report
「The basic policy is to return to shareholders the greater of an amount equivalent to a DOE of 6% or a total payout ratio of at least 80%. The company will also respond flexibly to share repurchases after comprehensively considering its funding needs and financial position.」
The company continues its policy of returning the greater of an amount equivalent to a DOE of 6% or a total payout ratio of at least 80%, while responding flexibly to share repurchases. - FY2025ReframedAnnual report
「Under the Medium-Term Management Plan for the fiscal years ending March 2026 through March 2030, the company's basic policy is to return to shareholders the greater of an amount equivalent to a dividend on equity (DOE) of 6% or a total payout ratio of at least 80%. The company will also respond flexibly to share repurchases after comprehensively considering its funding needs and financial position. This policy will apply until the company achieves an equity ratio of approximately 50%.」
The policy has been reorganized from one based primarily on a total payout ratio of at least 80% to one of returning the greater of an amount equivalent to a DOE of 6% or a total payout ratio of at least 80%. An equity ratio of approximately 50% is used as the benchmark for the policy's period of application. - FY2022RaisedAnnual report
「The basic policy is to target a total payout ratio of at least 80% through performance-linked dividends. The company will also respond flexibly to share repurchases after comprehensively considering its funding needs and financial position.」
The policy has been raised from a total payout ratio of more than 60% to at least 80%, while continuing to combine dividends and share repurchases. - FY2021RestatedAnnual report
「The company will adopt a two-tier dividend structure comprising a fixed dividend of ¥20 per share plus a performance-linked dividend. It will also respond flexibly to share repurchases after comprehensively considering its business environment and financial position, with the aim of achieving a total payout ratio of more than 60%.」
The company continues to pursue a policy of combining fixed dividends, performance-linked dividends and share repurchases, with a target total payout ratio of more than 60%. The consolidated dividend payout ratio for the fiscal year was 60.1%. - FY2020ReframedAnnual report
「In addition to investing funds to maintain and expand the earnings base of existing businesses and making strategic investments in new businesses, we will provide stable and proactive shareholder returns. Specifically, the policy consists of a fixed dividend of ¥20 per share plus an earnings-linked dividend. We will also respond flexibly to share repurchases after comprehensively considering the business environment and financial condition, with a target total payout ratio of more than 60%.」
Changes the policy from a target consolidated payout ratio of 35% to a structure combining a fixed dividend of ¥20 per share, an earnings-linked dividend and share repurchases, targeting a total payout ratio above 60%. - FY2019RaisedAnnual report
「The company targets a consolidated dividend payout ratio of 35% of net income attributable to owners of the parent.」
The policy has changed from the previous target of a 30% consolidated dividend payout ratio to a target of 35%. The dividend payout ratio for the fiscal year was stated as 37.9%. - FY2017First statedAnnual report
「The Company regards the return of profits to shareholders as one of its key management priorities and has adopted a basic policy of distributing earnings in line with performance while maintaining sufficient retained earnings to support future business development and strengthen the corporate foundation. The consolidated payout ratio is targeted at approximately 30% of net income attributable to owners of the parent.」
Initially states a policy of earnings-linked dividends targeting a consolidated payout ratio of approximately 30%, while balancing shareholder returns and retained earnings.