Profit allocation based on stable dividends and a consolidated payout ratio of 30% or more
First written in FY2017. 4 of 9 entries say "Raised", first in FY2019. Latest entry: 2026-05-13.
51 other companies' latest entry also says "Raised".
- FY2025RaisedAnnual report
「The DOE set as the stable dividend has been changed from 3.0% or more to 4.0% or more. Although the business environment remains uncertain, based on the basic policy of the revised dividend policy, the Company plans to pay an interim dividend of ¥33 per share, a year-end dividend of ¥34, and an annual dividend of ¥67 for the next fiscal year.」
The minimum stable dividend was raised from a DOE of 3.0% or more to 4.0% or more, and an annual dividend of ¥67 is planned for the next fiscal year. - FY2023RaisedAnnual report
「In addition to pursuing strategic investments for growth and stable business operations, the Company has adopted a basic policy of continuing to pay stable dividends to shareholders. With the aim of paying a stable dividend regardless of performance, the Company has changed its dividend policy to a dividend on equity (DOE) of 3.0% or more.」
The minimum stable dividend was raised from a DOE of 1.5% to 3.0% or more, and the Company indicated a policy of setting the annual dividend for the next fiscal year at ¥48. - FY2022ReframedAnnual report
「As a general rule, the policy is to maintain a minimum dividend on equity (DOE) of 1.5% for a stable dividend, while profit distribution linked to performance is to target a consolidated dividend payout ratio of 40% or more.」
The stable dividend threshold was changed from the previous minimum annual dividend of ¥10 to a minimum DOE of 1.5%, while the policy of targeting a consolidated dividend payout ratio of 40% or more was maintained. - FY2021RestatedAnnual report
「For a stable dividend, the policy is to maintain a minimum annual dividend of ¥10 for the time being. In addition, profit distribution linked to performance is to target a consolidated dividend payout ratio of 40% or more.」
The policy of maintaining a minimum annual stable dividend of ¥10 and targeting a consolidated dividend payout ratio of 40% or more continues to be stated. - FY2019RaisedAnnual report
「In addition, with regard to profit distribution linked to performance, the policy has been changed from the current fiscal year to target a consolidated dividend payout ratio of 40% or more.」
The performance-linked shareholder return target was raised from the previous consolidated dividend payout ratio of 30% or more to 40% or more. - FY2017First statedAnnual report
「In addition to continuing to pay stable dividends, we have adopted a basic policy of allocating profits in line with performance, with decisions made after taking into account the business environment surrounding our Group, its financial position and other factors. In principle, the stable dividend will have a floor of ¥10 per year for the time being, while profit allocation in line with performance will target a consolidated payout ratio of 30% or more.」
The company has for the first time specifically disclosed its shareholder-return policy of maintaining a floor for stable dividends and targeting a consolidated payout ratio of 30% or more for the performance-linked component.