Shareholder returns based on a dividend payout ratio of 30%-50%
First written in FY2016. 9 of 13 entries say "Restated". Latest entry: 2026-09-18.
30 other companies' latest entry also says "Advanced".
- FY2026RestatedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders. ... As a result, the payout ratio for the fiscal year was 32.4%.」
The Company continued its policy of targeting a payout ratio of 30–50%, and the payout ratio for the fiscal year was 32.4%. - FY2025Payout ratio exceeded the upper end of the target rangeAnnual report
「As a result, the payout ratio for the fiscal year was 50.4%.」
Although the Company has maintained its policy of targeting a payout ratio of 30–50%, the payout ratio for the fiscal year was 50.4%, slightly exceeding the upper end of the target range. - FY2024RestatedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders. ... As a result, the payout ratio for the fiscal year was 41.3%.」
The Company continued its policy of targeting a payout ratio of 30–50%, and the payout ratio for the fiscal year was 41.3%. - FY2023RestatedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders. ... As a result, the payout ratio for the fiscal year was 32.9%.」
The Company continued its policy of targeting a payout ratio of 30–50%, and the payout ratio for the fiscal year was 32.9%. - FY2021RestatedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders.」
The Company continued its policy of targeting a payout ratio of 30–50%, and the payout ratio for the fiscal year was 34.8%, with an annual dividend of ¥8. - FY2020SoftenedAnnual report
「As with the earnings outlook described above, the dividend outlook is also currently undecided.」
Although the Company paid an annual dividend of ¥22 for the fiscal year, it left its dividend forecast for the fiscal year ending March 2021 undecided due to the impact of COVID-19. The existing target payout ratio of 30–50% cannot be applied to a short-term dividend forecast under the current circumstances. - FY2019RestatedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders. ... As a result, the payout ratio for the fiscal year was 33.2%.」
The Company reconfirmed its policy of targeting a payout ratio of 30–50%, and the payout ratio for the fiscal year was 33.2%. - FY2018RestatedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders.」
The Company reconfirmed its policy of targeting a payout ratio of 30–50%, and the payout ratio for the fiscal year was 31.7%. - FY2016First statedAnnual report
「With regard to dividends from retained earnings, the Company will determine dividends based on a target payout ratio of 30–50% from the perspective outlined above and will strive to meet the expectations of its shareholders.」
The Company explicitly states a target payout ratio of 30–50%.