Stable Dividends and Strengthening Retained Earnings
First written in FY2016. 17 of 35 entries say "Restated". Latest entry: 2026-08-05.
- 2026-08-05AdvancedRevision of earnings forecasts
「As its basic policy for stable and continuous shareholder returns, the Company aims for a consolidated dividend payout ratio of 30% and DOE of approximately 3% for ordinary dividends. The dividend should be determined comprehensively, taking into account the optimal level of shareholders’ equity, the investment environment and methods of reflecting short-term profit growth.」
The Company reiterated its basic policy of using a consolidated dividend payout ratio of 30% and DOE of approximately 3% as benchmarks, and raised its forecast for both the second-quarter-end and year-end dividends for the fiscal year ending March 2027 from ¥35 to ¥45, increasing the annual dividend forecast from ¥70 to ¥90. - FY2026ReframedAnnual report
「With respect to ordinary dividends, the basic policy is to use a consolidated dividend payout ratio of 30% and a dividend-on-equity ratio (DOE) of approximately 3% as guidelines for stable and continuous returns to shareholders. After comprehensively considering the optimal level of equity capital, the investment environment and methods of reflecting short-term earnings growth, the company will actively pursue returns to shareholders.」
The previous policy centered on stable dividends and retained earnings was made more specific as a quantitative shareholder-return policy using a consolidated dividend payout ratio of 30% and a DOE of approximately 3% as guidelines. The company also stated that it would consider share repurchases at an appropriate time. - FY2026-H1RestatedAnnual report
「13 November 2025 Board of Directors Common shares 989 25.00 30 September 2025 5 December 2025 Retained earnings」
The interim dividend for the 99th fiscal year was ¥25 per share, totaling ¥989 million, the same as the interim dividend in the same period of the previous year. No change was indicated in the policy of maintaining stable dividends. - FY2025-H1Decline in interim dividendAnnual report
「At the Board of Directors meeting held on 14 November 2024, the company resolved to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2024, as follows: ① Total dividends: ¥989 million ② Dividend per share: ¥25.00」
The interim dividend was ¥25 per share, down from ¥30 in the same period of the previous year. No change was indicated in the policy of maintaining stable dividends. - FY2024-Q3RestatedAnnual report
「Regarding the interim dividend for the 97th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 10 November 2023 to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2023, as follows: ① Total dividends: ¥1,215 million ② Dividend per share: ¥30.00」
The interim dividend for the 97th fiscal year was ¥30 per share, totaling ¥1,215 million, the same as the interim dividend in the previous fiscal year. No substantive change was indicated in the policy of maintaining stable dividends. - FY2024-Q2RestatedAnnual report
「10 November 2023 Board of Directors Common shares 1,215 30.00 30 September 2023 5 December 2023 Retained earnings」
The interim dividend for the 97th fiscal year was ¥30 per share, totaling ¥1,215 million. The interim dividend in the same period of the previous year was also ¥30 per share, with no substantive change indicated in the policy of maintaining stable dividends. - FY2024-Q1Increase in the year-end dividendAnnual report
「23 June 2023 Annual General Meeting of Shareholders Common shares 1,620 40.00 31 March 2023 26 June 2023 Retained earnings」
The company paid a year-end dividend of ¥40 per share, totaling ¥1,620 million, for the fiscal year ended March 2023. This was up from the previous fiscal year’s year-end dividend of ¥35, but no change was indicated in the policy of maintaining stable dividends. - FY2023-Q3RestatedAnnual report
「Regarding the interim dividend for the 96th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors resolved at its meeting held on 11 November 2022 to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2022, as follows: ① Total dividends: ¥1,215 million ② Dividend per share: ¥30.00 ③ Effective date of the right to claim payment and payment commencement date: 6 December 2022」
The company’s interim dividend for the 96th fiscal year was reconfirmed at ¥30 per share, totaling ¥1,215 million. No change was indicated in the policy of maintaining stable dividends. - FY2023-Q2Increase in the interim dividendAnnual report
「11 November 2022 Board of Directors Common shares 1,215 30.00 30 September 2022 6 December 2022 Retained earnings」
The interim dividend for the 96th fiscal year was ¥30 per share, totaling ¥1,215 million, up from ¥25 per share in the same period of the previous year. - FY2023-Q1RestatedAnnual report
「22 June 2022 Annual General Meeting of Shareholders Common shares 1,417 35.00 31 March 2022 23 June 2022 Retained earnings」
The company paid a year-end dividend of ¥35 per share, totaling ¥1,417 million, for the fiscal year ended March 2022. No change was indicated in the policy of maintaining stable dividends. - FY2022Significant increase in the annual dividendAnnual report
「The year-end dividend for the fiscal year was ¥35 per share, making the annual dividend, including the interim dividend, ¥60 per share.」
The company continued its policy of prioritizing stable dividends and retained earnings, and the annual dividend increased from ¥28 in the previous fiscal year to ¥60. The interim dividend was ¥25 and the year-end dividend was ¥35. - FY2022-Q3RestatedAnnual report
「Regarding the interim dividend for the 95th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 11 November 2021 to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2021, as follows: ① Total dividends: ¥1,012 million ② Dividend per share: ¥25.00 ③ Effective date of the right to claim payment and payment commencement date: 6 December 2021」
The resolution and payment of an interim dividend of ¥25 per share, totaling ¥1,012 million, have been reconfirmed, with no change indicated in the policy of maintaining stable dividends. - FY2022-Q2Increase in the interim dividendAnnual report
「11 November 2021 Board of Directors Common shares 1,012 25.00 30 September 2021 6 December 2021 Retained earnings」
The interim dividend for the 95th fiscal year was ¥25 per share, totaling ¥1,012 million, up from ¥10 per share in the same period of the previous year. No change was indicated in the policy of maintaining stable dividends. - FY2022-Q1RestatedAnnual report
「22 June 2021 Annual General Meeting of Shareholders Common shares 729 18.00 31 March 2021 23 June 2021 Retained earnings」
The company paid a year-end dividend of ¥18 per share, totaling ¥729 million, for the fiscal year ended March 2021. No change was indicated in the policy of maintaining stable dividends. - FY2021Increase in annual dividendAnnual report
「The year-end dividend for the fiscal year was ¥18 per share, making the annual dividend, including the interim dividend, ¥28 per share.」
The company continued its policy of prioritizing stable dividends and retained earnings, and the annual dividend increased from ¥25 in the previous fiscal year to ¥28. The interim dividend was ¥10 and the year-end dividend was ¥18. - FY2021-Q3RestatedAnnual report
「Regarding the interim dividend for the 94th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 11 November 2020 to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2020, as follows: ① Total dividends: ¥405 million ② Dividend per share: ¥10.00 ③ Effective date of the right to claim payment and payment commencement date: 7 December 2020」
The resolution and payment of an interim dividend of ¥10 per share, totaling ¥405 million, have been reconfirmed, with no change indicated in the policy of maintaining stable dividends. - FY2021-Q2Decline in interim dividendAnnual report
「Regarding the interim dividend for the 94th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 11 November 2020 to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2020, as follows: ① Total dividends: ¥405 million ② Dividend per share: ¥10.00 ③ Effective date of the right to claim payment and payment commencement date: 7 December 2020」
The policy of maintaining stable dividends remains unchanged, but the interim dividend was ¥10 per share, down from ¥12 in the same period of the previous year. - FY2021-Q1RestatedAnnual report
「19 June 2020 Annual General Meeting of Shareholders Common shares 526 13.00 31 March 2020 22 June 2020 Retained earnings」
The company paid a year-end dividend of ¥13 per share, totaling ¥526 million, for the fiscal year ended March 2020. This was the payment of an already approved dividend under the stable dividend policy, with no change to the policy indicated. - FY2020RestatedAnnual report
「Our basic policy on profit allocation is to maintain stable dividends in line with the level of corporate earnings, while taking into consideration the strengthening of our financial base and the accumulation of retained earnings to prepare for future business development.」
The dividend policy of maintaining stable dividends and strengthening retained earnings continued. The annual dividend for the current fiscal year was ¥25 per share, unchanged from the previous fiscal year. - FY2020-Q3RestatedAnnual report
「12 November 2019 Board of Directors Common shares 486 12.00 30 September 2019 5 December 2019 Retained earnings」
The payment of the 93rd fiscal year's interim dividend of ¥12 per share, totaling ¥486 million, is reconfirmed, with no change to the policy of maintaining stable dividends stated. - FY2020-Q2RestatedAnnual report
「With respect to the interim dividend for the 93rd fiscal year (1 April 2019 to 31 March 2020), the Board of Directors resolved at its meeting held on 12 November 2019 to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2019. ① Total dividends ¥486 million ② Per-share amount ¥12.00」
An interim dividend of ¥12 per share, totaling ¥486 million, was approved. This was a dividend at the existing level in line with the policy of maintaining stable dividends, with no change to the policy indicated. - FY2020-Q1RestatedAnnual report
「21 June 2019 Annual General Meeting of Shareholders Common shares 529 13.00 31 March 2019 24 June 2019 Retained earnings」
The company paid a year-end dividend of ¥13 per share, totaling ¥529 million, for the fiscal year ended March 2019. This was the payment of an already approved dividend under the stable dividend policy, with no change to the policy indicated. - FY2019Increase in annual dividendAnnual report
「The year-end dividend for the current fiscal year was ¥13 per share, making the annual dividend, including the interim dividend, ¥25 per share, including a commemorative dividend of ¥5.」
The policy of maintaining stable dividends and retained earnings continued. The company paid a year-end dividend of ¥13 per share, an interim dividend of ¥12, and an annual dividend of ¥25. The annual dividend included a ¥5 commemorative dividend marking the 70th anniversary of the company's establishment. - FY2019-Q3RestatedAnnual report
「With respect to the interim dividend for the 92nd fiscal year (1 April 2018 to 31 March 2019), the Board of Directors resolved at its meeting held on 9 November 2018 to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2018. ① Total dividends ¥496 million ② Per-share amount ¥12.00 ③ Effective date of dividend claim and payment commencement date 5 December 2018」
The resolution and payment details for the 92nd fiscal year's interim dividend of ¥12 per share, totaling ¥496 million, are restated. - FY2019-Q2Increase in the interim dividendAnnual report
「9 November 2018 Board of Directors Common shares 496 12.00 30 September 2018 5 December 2018 Retained earnings」
An interim dividend of ¥12 per share was approved for the 92nd fiscal year, up from ¥8 per share in the previous fiscal year's interim dividend. - FY2018Increase in annual dividendAnnual report
「Our basic policy on profit allocation is to maintain stable dividends in line with the level of corporate earnings, while taking into consideration the strengthening of our financial base and the accumulation of retained earnings to prepare for future business development. The year-end dividend for the current fiscal year was ¥10 per share, making the annual dividend, including the interim dividend, ¥18 per share.」
The policy of maintaining stable dividends and retained earnings continued, and the annual dividend increased from ¥14 per share in the previous fiscal year to ¥18. - FY2018-Q3RestatedAnnual report
「With respect to the interim dividend for the 91st fiscal year (1 April 2017 to 31 March 2018), the Board of Directors resolved at its meeting held on 10 November 2017 to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2017. ① Total dividends ¥331 million ② Per-share amount ¥8.00」
The resolution and payment details for the 91st fiscal year's interim dividend of ¥8 per share, as stated in the previous quarterly report, are restated. - FY2018-Q2Increase in the interim dividendAnnual report
「Per-share amount ¥8.00」
An interim dividend of ¥8 per share was approved for the 91st fiscal year, up from ¥6 per share in the previous fiscal year. - FY2018-Q1RestatedAnnual report
「23 June 2017 Annual General Meeting of Shareholders Common shares 331 8.00 31 March 2017 26 June 2017 Retained earnings」
The company paid a year-end dividend of ¥8 per share for the fiscal year ended March 2017 during the cumulative first quarter. - FY2017Increase in annual dividendAnnual report
「The year-end dividend for the current fiscal year was ¥8 per share, making the annual dividend, including the interim dividend, ¥14 per share.」
Under the policy of maintaining stable dividends, the annual dividend for the current fiscal year was ¥14 per share, up from ¥10 in the previous fiscal year. - FY2017-Q3RestatedAnnual report
「With respect to the interim dividend for the 90th fiscal year (1 April 2016 to 31 March 2017), the Board of Directors resolved at its meeting held on 11 November 2016 to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2016. ① Total dividends ¥248.496 million ② Per-share amount ¥6.00」
The resolution and payment details for the interim dividend of ¥6 per share are restated. - FY2017-Q2Change in Interim DividendAnnual report
「② Per-share amount ¥6.00」
An interim dividend of ¥6 per share was approved, with 30 September 2016 as the record date. The amount increased from the interim dividend of ¥5 per share in the same period of the previous year. - FY2016First statedAnnual report
「Our basic policy on profit allocation is to maintain stable dividends in line with the level of corporate earnings, while taking into consideration the strengthening of our financial base and the accumulation of retained earnings to prepare for future business development.」
The basic policy is to maintain stable dividends, strengthen the corporate financial base, and retain earnings for future investment.