Prioritizing Growth Investment While Dividends Remain Undecided
First written in FY2023. 4 of 7 entries say "Restated". Latest entry: FY2026.
129 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「While giving top priority to strategic investment for sustainable growth and seeking to maximize corporate value, we aim to improve capital efficiency with awareness of the cost of capital and link this to stable and continuous dividend payments and share-price formation. We will use a consolidated dividend-on-equity ratio (DOE) of 4% as a guideline.」
The Group maintains its policy of prioritizing strategic investment while providing stable and continuous dividends guided by a DOE of 4%. Annual dividends for the fiscal year were ¥31.50 per share. - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 15 May 2025, we resolved to pay a year-end dividend to shareholders recorded on the shareholder register as of 31 March 2025 as follows. ① Total dividends: ¥145,770 thousand ② Dividend per share: ¥30.00 ③ Effective date of the right to claim payment and payment commencement date: 10 June 2025」
For the fiscal year ended March 2025, the Company paid a year-end dividend of ¥30 per share, totaling ¥145,770 thousand. No further change to the policy of using a DOE of 4% as a guideline was disclosed. - FY2025-H1RestatedAnnual report
「This was mainly due to dividend payments of ¥294,610 thousand, expenditure of ¥95,888 thousand for repayment of long-term borrowings, and expenditure of ¥65,681 thousand for the acquisition of treasury shares.」
The Company paid a year-end dividend totaling ¥294,977 thousand, or ¥60 per share, in June 2024. The per-share dividend included a ¥30 commemorative dividend for the listing. - FY2024RaisedAnnual report
「While giving top priority to strategic investment for sustainable growth and seeking to maximize corporate value, we aim to improve capital efficiency with awareness of the cost of capital and link this to stable and continuous dividend payments and share-price formation. We will use a consolidated dividend-on-equity ratio (DOE) of 4% as a guideline.」
The policy changed from dividends being undecided to stable and continuous dividends guided by a DOE of 4%. The fiscal year included an ordinary dividend of ¥30 per share and a commemorative dividend of ¥30, for a total of ¥60. - FY2023First statedAnnual report
「We believe the Group remains in a phase of renewed growth, and have determined that allocating capital to proactive investment for sustainable growth will provide the greatest return to shareholders. In the future, while strengthening earnings power and developing our business foundations, we intend to provide stable and continuous returns to shareholders after considering the level of retained earnings and the business environment surrounding the Group. At present, however, whether dividends will be paid and when they would be paid remain undecided.」
The Group currently prioritizes growth investment and development of its business foundations over dividends, and has not determined when dividends will be paid.