Maintaining Stable Dividends and Using Retained Earnings for Growth Investment
First written in FY2016. 6 of 10 entries say "Restated". Latest entry: 2026-05-25.
- FY2025ReframedAnnual report
「The Company's basic policy is to pursue continuous and stable dividends, targeting a consolidated dividend payout ratio of 40%, after balancing investment in the India business, research and development, human capital and other important sources of competitiveness with the performance and financial position of the Group and the future business environment.」
In addition to the policy of targeting a consolidated dividend payout ratio of 40%, the capital allocation policy was described in greater detail, including consideration of the balance with investment in the India business, research and development, and human capital. - FY2024ReframedAnnual report
「The Company's basic policy is to pursue continuous and stable dividends, targeting a consolidated dividend payout ratio of 40%.」
In addition to the existing policy of balancing stable dividends with growth investment, a specific shareholder return policy targeting a consolidated dividend payout ratio of 40% and management mindful of the cost of capital and share price were presented. - FY2022RestatedAnnual report
「Retained earnings will be used to expand the business and enhance corporate value, including by developing production capacity and developing new products and technologies.」
The policy of continuing stable dividends while using retained earnings to develop production capacity, new products and technologies, and business expansion continued. - FY2021RestatedAnnual report
「Retained earnings will be used to expand the business and enhance corporate value, including by developing production capacity and developing new products and technologies.」
The policy of continuing stable dividends while using retained earnings to develop production capacity, new products and technologies, and business expansion continued. - FY2019RestatedAnnual report
「Retained earnings will be used to expand the business and enhance corporate value, including by developing production capacity and developing new products and technologies.」
The policy of continuing stable dividends while using retained earnings to develop production capacity, new products and technologies, and business expansion was restated. - FY2017RestatedAnnual report
「The Company recognizes its dividend policy as one of its most important management issues. Dividend amounts should be determined appropriately according to earnings and financial position, taking into account the business environment and performance trends of the Company and its group companies. At the same time, the Company intends to maintain stable dividends.」
The policy of treating dividends as an important management issue and continuing stable dividends while taking earnings and financial position into consideration was restated. - FY2016First statedAnnual report
「The Company recognizes its dividend policy as one of its most important management issues. Dividend amounts should be determined appropriately according to earnings and financial position, taking into account the business environment and performance trends of the Company and its group companies. At the same time, the Company intends to maintain stable dividends. Retained earnings will be used to expand the business and enhance corporate value, including by developing production capacity and developing new products and technologies.」
Dividends were identified as one of the most important management issues, with stable dividends and the use of retained earnings to develop production capacity and new products stated together.