Balancing Stable Dividends with Growth Investments
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: 2026-06-03.
- 2026-06-03RestatedGeneral Meetings of Shareholders
「During the period of Medium-Term Plan 2027, our basic policy is to set a minimum annual dividend of ¥10 per share in order to maintain a stable dividend level, increase returns to shareholders as earnings recover, and target a consolidated dividend payout ratio of approximately 40%.」
The policy of a minimum annual dividend of ¥10 and a consolidated dividend payout ratio of approximately 40% for fiscal 2025 through fiscal 2027 was reconfirmed in the proposal concerning the appropriation of retained earnings. - FY2025RaisedAnnual report
「Under Medium-Term Plan 2027 (fiscal years 2025–2027), the company will set the minimum annual dividend per share at ¥10 to maintain stable dividend levels. It will also retain the necessary earnings for investment in businesses that contribute to future earnings growth and increased corporate value, while increasing shareholder returns as earnings recover and targeting a consolidated dividend payout ratio of approximately 40%.」
To the existing policy of balancing stable dividends with growth investment, specific standards have been added: a minimum annual dividend of ¥10 for fiscal 2025–2027 and a consolidated dividend payout ratio of approximately 40%. - FY2021RestatedAnnual report
「The company regards returning profits to shareholders as one of its key management priorities and intends to maintain stable dividend levels. It will also retain the necessary earnings for investment in businesses that contribute to future earnings growth and increased corporate value.」
The company maintained its basic policy of stable dividends and retaining earnings for growth investment. - FY2017RestatedAnnual report
「The company regards returning profits to shareholders as one of its key management priorities and intends to maintain stable dividend levels. It will also retain the necessary earnings for investment in businesses that contribute to future earnings growth and increased corporate value.」
The company reaffirmed its existing basic policy of stable dividends and retaining earnings for growth investment. - FY2016First statedAnnual report
「The company regards returning profits to shareholders as one of its key management priorities and intends to maintain stable dividend levels. It will also retain the necessary earnings for investment in businesses that contribute to future earnings growth and increased corporate value.」
The company intends to retain earnings for business investment while placing emphasis on shareholder returns.