Stable dividends alongside a strong financial position and growth investment
First written in FY2016. 18 of 33 entries say "Restated". Latest entry: FY2026.
- FY2026RaisedAnnual report
「In addition, the annual dividend for the current period is expected to be ¥18 per share, including the interim dividend of ¥8, resulting in a consolidated dividend payout ratio of 73.1%, a dividend yield of 3.8%, a total payout ratio of 150.1% and DOE (dividend on equity) of 5.5%.」
In addition to an interim dividend of ¥8, a year-end dividend of ¥10 is planned, bringing the annual dividend to ¥18 per share. This is an increase from the previous period's annual dividend of ¥12, with a total payout ratio of 150.1% and DOE of 5.5%. - FY2026-H1Increased the interim dividend to ¥8Annual report
「At an extraordinary meeting of the Board of Directors held on 5 November 2025, the following resolution was passed regarding the interim dividend for the current period.」
The interim dividend for the current period was approved at ¥8 per share, for a total of ¥556.996 million. This represents an increase from the previous interim dividend of ¥5 per share. - FY2025RaisedAnnual report
「As quantitative targets for the fiscal year ending March 2028, the medium-term management plan discloses MAVY's at least 2%, ROIC of at least 10% and WACC of no more than 7.3% as financial targets; an FTSE 4.0 rating and acquisition of a CDP A score as non-financial targets; and DOE of at least 10% and a dividend payout ratio of at least 80% as shareholder-return targets.」
In addition to the policy of balancing stable dividends with growth investment, the company has specified shareholder-return targets for the fiscal year ending March 2028 of DOE of at least 10% and a dividend payout ratio of at least 80%. The annual dividend is expected to be ¥12, unchanged from the previous period. - FY2025-H1Increased interim dividendAnnual report
「At an extraordinary meeting of the Board of Directors held on 5 November 2024, the following resolution was passed regarding the interim dividend for the current period.」
The interim dividend for the current period was approved at ¥5 per share, for a total of ¥355.035 million. This represents an increase from the previous interim dividend of ¥3 per share. - FY2024Specified shareholder-return metrics, including share repurchasesAnnual report
「The annual dividend for the current period is expected to be ¥6 per share, unchanged from the previous period, including an interim dividend of ¥3, resulting in a consolidated dividend payout ratio of 54.5%, a dividend yield of 1.26%, a total payout ratio of 121.0% and DOE (dividend on equity) of 2.0%.」
While maintaining the policy of an annual dividend of ¥6 per share, the company has specified actual and expected shareholder returns, including a total payout ratio of 121.0% that includes share repurchases. - FY2024-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 15 May 2023, the following resolution was passed regarding the payment of dividends from retained earnings.」
For the year-end dividend for the fiscal year ended March 2023, a dividend of ¥3 per share, for a total of ¥214 million, was approved and paid, and shareholder returns are being continued. - FY2023RestatedAnnual report
「Our basic policy on profit distribution is to regard returning profits to shareholders as one of management's most important priorities, and to determine distributions after considering the balance between strengthening retained earnings required for strategic investment aimed at future growth and returns to shareholders based on the consolidated dividend payout ratio (Note 1), dividend yield (Note 2), total payout ratio (Note 3) and DOE (dividend on equity) (Note 4).」
The profit distribution policy of considering strategic investment, retained earnings and multiple shareholder-return metrics remains in place. The annual dividend is ¥6 per share, unchanged from the previous period, with a consolidated dividend payout ratio of 66.5%, a total payout ratio of 75.6% and DOE of 2.1%. - FY2023-Q3RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 4 November 2022, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥3 per share, for a total of ¥214 million, was approved, and dividends based on the policy of considering the balance between strategic investment, retained earnings and profit distribution are being continued. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 13 May 2022, the Company resolved to pay dividends from retained earnings as follows.」
For the year-end dividend for the fiscal year ended March 2022, a dividend of ¥3 per share, for a total of ¥214 million, was approved, and shareholder returns are being continued. - FY2022ReframedAnnual report
「Our basic policy on profit distribution is to regard returning profits to shareholders as one of management's most important priorities, and to determine distributions after considering the balance between strengthening retained earnings required for strategic investment aimed at future growth and returns to shareholders based on the consolidated dividend payout ratio (Note 1), dividend yield (Note 2), total payout ratio (Note 3) and DOE (dividend on equity) (Note 4).」
The profit distribution policy has been revised to expressly include dividend yield, in addition to the existing factors of strategic investment, retained earnings, dividend payout ratio, total payout ratio and DOE. The annual dividend is stated as ¥6 per share, with a consolidated dividend payout ratio of 909.8%, a total payout ratio of 960.4% and DOE of 2.1%. - FY2022-Q2RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 4 November 2021, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥3 per share, for a total of ¥214 million, was approved, and shareholder returns are being continued. - FY2021-Q3RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 4 November 2020, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥3 per share, for a total of ¥207 million, was approved and paid, and shareholder returns are being continued. - FY2021-Q2RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 4 November 2020, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥3 per share, for a total of ¥207 million, was approved, and shareholder returns are being continued. - FY2020ReframedAnnual report
「Our basic policy on profit distribution is to regard returning profits to shareholders as one of management's most important priorities, and to determine distributions after considering the balance between strengthening retained earnings required for strategic investment aimed at future growth and returns to shareholders based on the total payout ratio (Note 1) and DOE (dividend on equity) (Note 3).」
The policy of prioritizing the balance between strategic investment, retained earnings and profit distribution now expressly includes DOE (dividend on equity). The annual dividend is ¥6 per share, unchanged from the previous period, with a total payout ratio of 72.3%, a consolidated dividend payout ratio of 68.3% and DOE of 2.3%. - FY2020-Q3RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 6 November 2019, the following resolution was passed regarding the interim dividend for the current period.」
An interim dividend of ¥3 per share, for a total of ¥207 million, was approved and paid, and shareholder returns are being continued. - FY2020-Q2RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 6 November 2019, the following resolution was passed regarding the interim dividend for the current period.」
Regarding the interim dividend with a record date of 30 September 2019, a dividend of ¥3 per share, for a total of ¥207 million, was approved, and shareholder returns are being continued. - FY2020-Q1RestatedAnnual report
「Extraordinary meeting of the Board of Directors held on 15 May 2019」
For the year-end dividend for the fiscal year ended March 2019, a total dividend of ¥242 million, or ¥3.50 per share, was approved, with payments commencing on 27 June 2019. This reaffirmed the implementation of shareholder returns. - FY2019Increase in annual dividendAnnual report
「The annual dividend for the current period will be ¥6 per share, including the interim dividend of ¥2.50, an increase of ¥2.40 per share from the previous period, resulting in a consolidated dividend payout ratio (Note 2) of 29.4%.」
While maintaining the basic policy of considering the balance between strategic investment, retained earnings and profit distribution, the annual dividend was set at ¥6 per share, up ¥2.40 from the previous period, with a consolidated dividend payout ratio of 29.4%. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2018, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
An interim dividend of ¥2.50 per share, for a total of ¥172.974 million, was approved and paid, reaffirming the implementation of shareholder returns. - FY2019-Q2RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 5 November 2018, the following resolution was passed regarding the interim dividend for the current period. (a) Total dividends: ¥172.974 million (b) Dividend per share: ¥2.50 (c) Effective date of the dividend payment claim and payment commencement date: 7 December 2018」
An interim dividend of ¥2.50 per share, for a total of ¥172.974 million, was approved, reaffirming the implementation of shareholder returns. - FY2019-Q1RestatedAnnual report
「At a Board of Directors meeting held on 15 May 2018, the company resolved to pay dividends from retained earnings as follows.」
For the year-end dividend with a record date of 31 March 2018, a total dividend of ¥152 million, or ¥2.20 per share, was approved and paid, with payments commencing on 28 June 2018. - FY2018RestatedAnnual report
「Our basic policy on profit distribution is to regard returning profits to shareholders as one of management's most important priorities, and to determine distributions after considering the balance between strengthening retained earnings required for strategic investment aimed at future growth and returns to shareholders based on the total payout ratio (Note 1).」
The policy of considering the balance between strategic investment, retained earnings and shareholder returns remains in place. The annual dividend before taking the stock split into account is stated as ¥18 per share, with a consolidated dividend payout ratio of 18.3%. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 6 November 2017, the following resolution was passed regarding the interim dividend for the current period. (a) Total dividends: ¥87.066 million (b) Dividend per share: ¥7.00 (c) Effective date of the dividend payment claim and payment commencement date: 8 December 2017」
An interim dividend of ¥7 per share, for a total of ¥87.066 million, was approved and paid, reaffirming the level indicated in the previous quarter. - FY2018-Q2Increased interim dividendAnnual report
「At a meeting of the Board of Directors held on 6 November 2017, the Company passed the following resolution concerning the interim dividend for the current fiscal year.」
The interim dividend for the current period was approved at ¥7 per share, for a total of ¥87.066 million. Although this represents an increase from the previous interim dividend of ¥5 per share, no change in the profit distribution policy itself was reported. - FY2018-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 12 May 2017, the following resolution was passed regarding the dividend from retained earnings. (1) Total dividend payment: ¥87,066 thousand (2) Dividend per share: ¥7.00 (3) Effective date of entitlement to claim payment and payment commencement date: 28 June 2017」
The company resolved to pay a year-end dividend of ¥7 per share for fiscal 2016, bringing the annual dividend to ¥12 per share together with the previously stated interim dividend of ¥5. This was implemented in line with the stable dividend policy. - FY2017ReframedAnnual report
「The company's basic policy on profit allocation is to regard shareholder returns as one of management's most important priorities, while determining allocations after considering the balance between retaining earnings required for strategic investment to support future growth and returning profits based on the total payout ratio (Note 1). From a medium- to long-term perspective, the company will continue to invest management resources in business areas expected to grow, working to achieve sustainable growth, enhance corporate value and increase shareholder value. The consolidated dividend payout ratio (Note 2) is 23.3%. Based on this policy, the dividend from retained earnings for the fiscal year is ¥12 per share, including an interim dividend of ¥5.」
The company has made its policy more specific, shifting from the previous expression of stable dividends as the basic policy to a balance between strategic investment, retained earnings and shareholder returns based on the total payout ratio. The annual dividend was ¥12 per share, and the consolidated dividend payout ratio was 23.3%. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 4 November 2016, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividend payment: ¥62,190 thousand (b) Dividend per share: ¥5.00 (c) Effective date of entitlement to claim payment and payment commencement date: 5 December 2016」
The company resolved to pay an interim dividend of ¥5 per share, totaling ¥62,190 thousand, with payment commencing on 5 December 2016. The amount was the same as the previous year's interim dividend, indicating implementation in line with its stable dividend policy. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 4 November 2016, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
The company resolved to pay an interim dividend of ¥5 per share, totaling ¥62,190 thousand. The interim dividend for the previous fiscal year was also ¥5 per share, indicating implementation in line with its stable dividend policy. - FY2016First statedAnnual report
「The company regards returning profits to shareholders as one of management's most important priorities. Taking into account the need to strengthen its financial position and build retained earnings required for future business development, its basic policy is to maintain a stable dividend policy.」
The company has indicated a policy of maintaining stable dividends while prioritizing shareholder returns and taking into account the strengthening of its financial position and retaining earnings for growth areas.