Payout ratio of approximately 25% to 35%
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: 2026-11-10.
Nichias moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
80 other companies' latest entry also says "Restated".
- FY2025ReframedAnnual report
「As a target for returning profits to shareholders, we have revised our previous policy to set a DOE ratio of at least 5.0%, continue progressive dividends during the current medium-term management plan period, and maintain a total payout ratio of at least 50%, including dividends and share repurchases.」
The policy was restructured from the previous target payout ratio of approximately 25%–35% into a combination of a DOE ratio of at least 5.0%, progressive dividends, and a total payout ratio of at least 50%. - FY2023ReframedAnnual report
「As a target for returning profits to shareholders, the notice regarding changes to the dividend policy announced in November 2022 sets a dividend-on-equity (DOE) ratio of at least 3.5% as a benchmark and establishes the continuation of progressive dividends as the basic policy during the current medium-term management plan period.」
The policy has changed from the previous target payout ratio of approximately 25%–35% to a policy using a DOE ratio of at least 3.5% as a benchmark and making progressive dividends the basic policy during the medium-term management plan period. - FY2020RestatedAnnual report
「As a target for returning profits to shareholders, the medium-term management plan announced in May 2016 sets a payout ratio of approximately 25%–35%.」
The target payout ratio of approximately 25%–35% remains in place. - FY2017RestatedAnnual report
「As a target for shareholder returns, the medium-term management plan announced in May 2016 sets the payout ratio at approximately 25%–35%.」
There is no change to the target payout ratio of approximately 25%–35%. The dividend per share for the fiscal year ended March 2017 is stated as ¥26. - FY2016First statedAnnual report
「As a target for shareholder returns, the medium-term management plan announced on 9 May 2016 sets the payout ratio at approximately 25%–35%.」
The shareholder-return target under the medium-term management plan.