Stable and continuous dividends with a target payout ratio of 20%
First written in FY2016. 12 of 29 entries say "Restated". Latest entry: FY2026.
- FY2026RaisedAnnual report
「With respect to dividends, after comprehensively considering operating performance, earnings per share, retained earnings for future business development and other factors, the company set a target payout ratio of 40%.」
The target payout ratio was raised from 30% through the previous fiscal year to 40%. For the fiscal year, the company stated an interim dividend of ¥95, a year-end dividend of ¥130 and an annual dividend of ¥225, on a pre-stock-split basis. - FY2026-H1Approval of an interim dividend of ¥95Annual report
「At a meeting of the Board of Directors held on 7 November 2025, the following resolution was adopted concerning the interim dividend for the current period: (a) Total dividends: ¥26,258 million (b) Dividend per share: ¥95.00」
After paying a year-end dividend of ¥66.5 per share for the fiscal year ended March 2025, the company approved an interim dividend of ¥95 per share for the interim consolidated accounting period. - FY2025RaisedAnnual report
「With respect to shareholder returns, the consolidated payout ratio for the fiscal year ending March 2026 will be 40%.」
The target payout ratio was raised from the 30% target under the 25 medium-term plan to a consolidated payout ratio of 40% for the fiscal year ending March 2026. The annual dividend for the fiscal year ended March 2025 was ¥100. - FY2025-H1Approval of an interim dividend of ¥33.5Annual report
「At a meeting of the Board of Directors held on 7 November 2024, the following resolution was adopted concerning the interim dividend for the current period: (a) Total dividends: ¥9,260 million (b) Dividend per share: ¥33.50」
Under the policy of targeting a 30% payout ratio, an interim dividend of ¥33.5 per share was approved for the interim consolidated accounting period. - FY2024Annual dividend of ¥55 paidAnnual report
「With respect to dividends, the company’s policy is to provide shareholder returns based on a target payout ratio of 30%, while taking a comprehensive view of its operating performance, earnings per share, retained earnings for future business development and other factors.」
The policy of targeting a 30% payout ratio continued, and the company paid an interim dividend of ¥22.5 and a year-end dividend of ¥32.5, for an annual total of ¥55. - FY2024-Q3Payment of an interim dividend of ¥22.5Annual report
「8 November 2023 Board of Directors resolution; common shares; total dividends of ¥6,219 million; dividend per share of ¥22.5」
Under the policy of targeting a 30% payout ratio, the payment of the approved interim dividend of ¥22.5 per share was confirmed in the dividend payment amount. - FY2024-Q2Approval of an interim dividend of ¥22.5Annual report
「8 November 2023 Board of Directors resolution; common shares; total dividends of ¥6,219 million; dividend per share of ¥22.5」
Under the policy of targeting a 30% payout ratio, an interim dividend of ¥22.5 per share was approved for the second quarter. This was an increase from the previous year’s interim dividend of ¥13 per share. - FY2024-Q1RestatedAnnual report
「29 June 2023 Annual General Meeting of Shareholders; common shares; 4,699; 17.0」
Under the policy of targeting a 30% payout ratio, a year-end dividend of ¥17 was paid for the fiscal year ended March 2023. - FY2023RaisedAnnual report
「With respect to dividends, the company’s policy is to provide shareholder returns based on a target payout ratio of 30%, while taking a comprehensive view of its operating performance, earnings per share, retained earnings for future business development and other factors.」
The target payout ratio was raised from the previous target of 20% to 30%. For the fiscal year, the company paid an interim dividend of ¥13 and a year-end dividend of ¥17, for an annual total of ¥30. - FY2023-Q3RestatedAnnual report
「9 November 2022 Board of Directors resolution; common shares; total dividends of ¥3,593 million; dividend per share of ¥13.0」
As the company resumed dividend payments after paying no interim or year-end dividend in the previous fiscal year, payment of an interim dividend of ¥13 per share was also confirmed in the third quarter. - FY2023-Q2Board approval of a ¥13 interim dividendAnnual report
「9 November 2022 Board of Directors resolution; common shares; total dividends of ¥3,593 million; dividend per share of ¥13.0」
After paying no interim or year-end dividend in the previous fiscal year, the company approved an interim dividend of ¥13 per share in the second quarter. - FY2022Resumption of annual dividend payments at ¥10Annual report
「Dividends of retained earnings for the fiscal year were as follows: 29 June 2022 Annual General Meeting of Shareholders resolution; total dividends of ¥2,764 million; dividend per share of ¥10.0.」
While maintaining the policy of targeting a 20% payout ratio, the company paid a year-end dividend of ¥10 for the fiscal year, compared with no interim or year-end dividend in the previous fiscal year. - FY2022-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2021, the company resolved not to pay an interim dividend for the current period.」
In line with the policy and record of no dividends since the previous fiscal year, a resolution was adopted not to pay an interim dividend for the current period. - FY2021SoftenedAnnual report
「However, with respect to the interim and year-end dividends of retained earnings for the current period, after comprehensively considering the outlook for the medium- to long-term business environment, retained earnings for future business development and the balance with the company’s financial condition, the company regrets that it will pay no dividend.」
Although the company maintains a policy of targeting a 20% payout ratio, both the interim and year-end dividends were zero for the fiscal year, resulting in no annual dividend. - FY2021-Q2SoftenedAnnual report
「As no dividend was paid, there are no matters to report.」
No interim dividend was paid for the dividends relating to the six-month period ended in the second quarter because the company paid no dividend. - FY2020SoftenedAnnual report
「With respect to the year-end dividend of retained earnings, after comprehensively considering the outlook for the medium- to long-term business environment, retained earnings for future business development and the balance with the company’s financial condition, the company regrets that it will pay no dividend.」
Although the company maintains a policy of targeting a 20% payout ratio, the year-end dividend for the fiscal year was zero, leaving an annual dividend of only the ¥5 interim dividend. - FY2020-Q3RestatedAnnual report
「(b) Amount per share ........................................ ¥5.00」
A ¥5-per-share interim dividend approved on 31 October 2019 was paid, confirming the implementation of stable and continuous dividends. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the following resolution was adopted concerning the interim dividend for the current period: (a) Total dividends: ¥1,432 million (b) Dividend per share: ¥5.00」
There was no change to the basic policy of targeting a 20% payout ratio, and the resolution to pay an interim dividend of ¥5 for the current period confirms the implementation of stable and continuous dividends. - FY2020-Q1RestatedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 1,432 5.0」
A ¥5-per-share year-end dividend with a record date of 31 March 2019 was paid, confirming the implementation of stable and continuous dividends. - FY2019Reduction in annual dividendAnnual report
「31 October 2018 Board of Directors resolution 2,004 7.0 / 27 June 2019 Annual General Meeting of Shareholders resolution 1,432 5.0」
The policy of targeting a 20% payout ratio was maintained, but the annual dividend for the fiscal year decreased to ¥12, consisting of an interim dividend of ¥7 and a year-end dividend of ¥5, from ¥14 in the previous fiscal year. - FY2019-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the following resolution was adopted concerning the interim dividend for the current period: (a) Total dividends: ¥2,004 million (b) Dividend per share: ¥7.00」
There was no change to the basic policy of targeting a 20% payout ratio, and the resolution to pay an interim dividend of ¥7 for the current period confirms the implementation of stable and continuous dividends. - FY2018Payment of an annual dividend of ¥14Annual report
「27 October 2017 Board of Directors resolution 2,004 7.0 / 28 June 2018 Annual General Meeting of Shareholders resolution 2,004 7.0」
The annual dividend was ¥14, consisting of an interim dividend of ¥7 and a year-end dividend of ¥7. The basic policy of targeting a 20% payout ratio remains unchanged. - FY2018-Q2Increase in Interim DividendAnnual report
「At a meeting of the Board of Directors held on 27 October 2017, the following resolution was adopted concerning the interim dividend for the current period: (a) Total dividends: ¥2,004 million (b) Dividend per share: ¥7.00」
Although no change to the policy of targeting a 20% payout ratio was stated, the interim dividend for the current period was approved at ¥7 per share, up from ¥5 per share in the same period of the previous year. - FY2018-Q1RestatedAnnual report
「29 June 2017 Annual General Meeting of Shareholders Common shares 1,426 5.0 31 March 2017 30 June 2017 Retained earnings」
A ¥5-per-share dividend on common shares was paid during the quarter based on a resolution of the Annual General Meeting of Shareholders, confirming the implementation of stable and continuous dividends. - FY2017RestatedAnnual report
「With respect to dividends, the company’s policy is to provide shareholder returns based on a target payout ratio of 20%, while taking a comprehensive view of its operating performance, earnings per share, retained earnings for future business development and other factors, with stable and continuous dividends as the basic policy.」
The policy of targeting a 20% payout ratio remains unchanged. The annual dividend for the fiscal year consisted of an interim dividend of ¥5 and a year-end dividend of ¥5, for a total of ¥10, and the filing states that the company’s payout ratio was 65.6%. - FY2017-Q2RestatedAnnual report
「(b) Amount per share ........................................ ¥5.00」
An interim dividend of ¥5 per share with a record date of 30 September 2016 was approved for payment. No change to the policy of stable and continuous dividends was stated. - FY2016First statedAnnual report
「With respect to dividends, the company’s policy is to provide shareholder returns based on a target payout ratio of 20%, while taking a comprehensive view of its operating performance, earnings per share, retained earnings for future business development and other factors, with stable and continuous dividends as the basic policy.」
Retained earnings are to be used to deploy management resources in growth businesses and streamline existing businesses.