Returning Profits Through a Consolidated Payout Ratio and Stable Dividends
First written in FY2016. 12 of 28 entries say "Restated". Latest entry: FY2026.
- FY2026Change from a payout ratio target to a DOE floorAnnual report
「The Group will maintain a dividend on equity (DOE) of 2.5% as the floor for shareholder returns.」
The policy changed from targeting a consolidated payout ratio of 25–35% to a stable and sustained shareholder return policy with a DOE of 2.5% as the floor. The year-end dividend for the current fiscal year is expected to be ¥25 per share. - FY2026-H1AdvancedAnnual report
「25 September 2025 Annual General Meeting of Shareholders Common shares ¥429.843 million ¥15.00 30 June 2025 26 September 2025 Retained earnings」
The dividend for the fiscal year ended June 2025 was ¥15 per share, up from ¥6 for the fiscal year ended June 2024 as previously stated. No change to the current consolidated payout ratio target of 25–35% is stated. - FY2025-H1RestatedAnnual report
「27 September 2024, Annual General Meeting of Shareholders Common shares ¥181.263 million ¥6.00 30 June 2024 30 September 2024 Retained earnings」
The Company is reaffirming that it paid a dividend of ¥6 per share for the fiscal year ended June 2024. No change to the current policy of targeting a consolidated payout ratio of 25–35% is stated. - FY2024ReframedAnnual report
「The Group will maintain a target consolidated dividend payout ratio of 25–35% as an indicator for profit distribution linked to business performance.」
The consolidated payout ratio target changed from the previous 20–30% to 25–35%, while the previously stated stable dividend floor of ¥5 per year was no longer included. The current-year dividend is ¥6 per share. - FY2024-Q1Decrease in the dividend for the fiscal year ended June 2023Annual report
「27 September 2023, Annual General Meeting of Shareholders Common shares ¥415.841 million ¥14.00 30 June 2023 28 September 2023 Retained earnings」
The dividend for the fiscal year ended June 2023 was ¥14 per share, down from ¥25 for the fiscal year ended June 2022 as previously stated. No change to the consolidated payout ratio target of 20–30% or the stable annual dividend policy of ¥5 is stated. - FY2023-Q1RestatedAnnual report
「28 September 2022, Annual General Meeting of Shareholders Common shares ¥741.502 million ¥25.00 30 June 2022 29 September 2022 Retained earnings」
The Company is reaffirming that it paid a dividend of ¥25 per share for the fiscal year ended June 2022. This is consistent with its previous stable dividend policy. - FY2022SoftenedAnnual report
「The Group will maintain a target consolidated dividend payout ratio of 20–30% as an indicator for profit distribution linked to business performance. Even if dividends based on the above consolidated payout ratio fall below ¥5 per year, the Group intends to target a stable annual dividend of ¥5.」
The consolidated payout ratio target of 20–30% was maintained, while the stable dividend floor changed from the previous ¥10 per year to ¥5 per year. The current-year dividend is ¥25 per share. - FY2022-Q1RestatedAnnual report
「28 September 2021, Annual General Meeting of Shareholders Common shares ¥369.128 million ¥25.00 30 June 2021 29 September 2021 Retained earnings」
The Company is reaffirming that it paid a dividend of ¥25 per share for the fiscal year ended June 2021. This is consistent with its existing stable dividend policy. - FY2021AdvancedAnnual report
「Based on the above basic policy, the Company decided to pay a dividend of ¥25 per share for the current fiscal year.」
The consolidated payout ratio target of 20–30% and the stable annual dividend policy of ¥10 were maintained, while the dividend for the fiscal year ended June 2021 increased from ¥10 in the previous year to ¥25. - FY2021-Q3RestatedAnnual report
「29 September 2020, Annual General Meeting of Shareholders, common shares, ¥147.219 million, ¥10.00, 30 June 2020, 30 September 2020, retained earnings」
The Company is reaffirming that it paid a dividend of ¥10 per share for the fiscal year ended June 2020, with results consistent with the post-split stable annual dividend policy of ¥10. - FY2021-Q2RestatedAnnual report
「29 September 2020, Annual General Meeting of Shareholders, common shares, total dividends ¥147.219 million, dividend per share ¥10.00, record date 30 June 2020, effective date 30 September 2020, retained earnings」
The Company is reaffirming the payment of a ¥10 per-share dividend for the fiscal year ended June 2020 and states results consistent with the post-split stable annual dividend policy of ¥10. - FY2021-Q1RestatedAnnual report
「29 September 2020, Annual General Meeting of Shareholders, common shares, total dividends ¥147.219 million, dividend per share ¥10.00, record date 30 June 2020, effective date 30 September 2020, retained earnings」
The Company paid a dividend of ¥10 per share for the fiscal year ended June 2020, reaffirming results consistent with the post-split stable annual dividend policy of ¥10. - FY2020-Q1RestatedAnnual report
「26 September 2019, Annual General Meeting of Shareholders, common shares, total dividends ¥234.209 million, dividend per share ¥16.00, record date 30 June 2019, effective date 27 September 2019, retained earnings」
The Company states that the dividend for the fiscal year ended June 2019 was ¥16 per share. This exceeded the post-split stable annual dividend policy of ¥10, but decreased by ¥1 from ¥17 in the previous year. - FY2019-Q1RestatedAnnual report
「Common shares, total dividends ¥254.029 million, dividend per share ¥17.00, record date 30 June 2018, effective date 28 September 2018, retained earnings」
The Company is reaffirming that it paid a dividend of ¥17 per share for the fiscal year ended June 2018, with results consistent with its stable dividend policy following the stock split. - FY2018ReframedAnnual report
「The Group will maintain a target consolidated dividend payout ratio of 20–30% as an indicator for profit distribution linked to business performance. Even if dividends based on the above consolidated payout ratio fall below ¥10 per year, the Group intends to target a stable annual dividend of ¥10.」
The consolidated payout ratio target of 20–30% was maintained, while the stable dividend floor changed from ¥20 per year to ¥10 per year in line with the post-split basis following the 2-for-1 stock split in January 2018. The current-year dividend is ¥17 per share. - FY2018-Q1RestatedAnnual report
「28 September 2017, Annual General Meeting of Shareholders, common shares, total dividends ¥194.053 million, dividend per share ¥30.00, record date 30 June 2017, effective date 29 September 2017, retained earnings」
The Company confirms that the ¥30 per-share dividend for the fiscal year ended June 2017 was actually paid, reaffirming the consolidated payout ratio target of 20–30% and the stable annual dividend policy of ¥20. - FY2017AdvancedAnnual report
「Based on the above basic policy, the Company decided to pay a dividend of ¥30 per share for the current fiscal year.」
While maintaining the consolidated payout ratio target of 20–30% and the stable annual dividend policy of ¥20, the current-year dividend increased from ¥25 per share in the previous year to ¥30. - FY2017-Q3RestatedAnnual report
「29 September 2016, Annual General Meeting of Shareholders, common shares, total dividends ¥161.712 million, dividend per share ¥25.00, record date 30 June 2016, effective date 30 September 2016」
The Company is reaffirming that it paid a dividend of ¥25 per share for the fiscal year ended June 2016, and states results consistent with its existing policy of targeting a stable annual dividend of ¥20. - FY2017-Q2RestatedAnnual report
「29 September 2016, Annual General Meeting of Shareholders, common shares, total dividends ¥161.712 million, dividend per share ¥25.00, record date 30 June 2016, effective date 30 September 2016」
The Company is reaffirming that it paid a dividend of ¥25 per share for the fiscal year ended June 2016, demonstrating results consistent with its existing policy of targeting a stable annual dividend of ¥20. - FY2017-Q1RestatedAnnual report
「29 September 2016, Annual General Meeting of Shareholders, common shares, total dividends ¥161.712 million, dividend per share ¥25.00, record date 30 June 2016, effective date 30 September 2016」
The Company states that it paid a dividend of ¥25 per share for the fiscal year ended June 2016, confirming results consistent with its existing policy of targeting a stable annual dividend of ¥20. - FY2016First statedAnnual report
「The Group will maintain a target consolidated dividend payout ratio of 20–30% as an indicator for profit distribution linked to business performance. Even if dividends based on the above consolidated payout ratio fall below ¥20 per year, the Group intends to target a stable annual dividend of ¥20.」
The target payout ratio linked to business performance and the target annual dividend with a specified floor are both stated. The current-year dividend is ¥25 per share.