Maintaining stable dividends
First written in FY2016. 4 of 9 entries say "Restated". Latest entry: 2026-08-10.
- FY2025RaisedAnnual report
「With respect to dividends, the Company regards returning profits to shareholders as an important management priority. Its basic policy is to maintain stable dividends, using a payout ratio of approximately 30% as a benchmark while taking into account various indicators, including the dividend on equity (DOE), as well as retained earnings and various investments required for future business development and its earnings outlook.」
The Company changed its policy from a payout ratio of 25% to 30% to one using a payout ratio of approximately 30% as a benchmark and also taking DOE and other indicators into account. - FY2023RaisedAnnual report
「The Company regards returning profits to shareholders as an important management priority. Its basic policy is to maintain stable dividends with a payout ratio of 25% to 30%, after taking into account retained earnings and various investments required for future business development, as well as its earnings outlook. The Company also considers it important to further enhance shareholder returns while maintaining sound management and responding to the future business environment. Going forward, it will work to raise its payout ratio, repurchase shares, and enhance shareholder benefits, while actively seeking to increase dividend levels on a long-term, stable basis.」
The stable dividend policy now explicitly specifies a payout ratio of 25% to 30% and adds initiatives to raise the payout ratio, repurchase shares, and enhance shareholder benefits. - FY2021RestatedAnnual report
「With respect to dividends, the Company intends to determine dividends after taking into account the retained earnings needed for future business development and its earnings outlook, based on a policy of maintaining stable dividends.」
The Company continues its policy of determining dividends after taking retained earnings and its earnings outlook into account, based on stable dividends. - FY2020RestatedAnnual report
「With respect to dividends, the Company intends to determine dividends after taking into account the retained earnings needed for future business development and its earnings outlook, based on a policy of maintaining stable dividends.」
The Company continues its dividend policy of maintaining stable dividends while taking retained earnings and its earnings outlook into account. - FY2018RestatedAnnual report
「With respect to dividends, the Company intends to determine dividends after taking into account the retained earnings needed for future business development and its earnings outlook, based on a policy of maintaining stable dividends.」
The Company continues its policy of determining dividends after taking retained earnings and its earnings outlook into account, based on stable dividends. - FY2017RestatedAnnual report
「With respect to dividends, the Company intends to determine dividends after taking into account the retained earnings needed for future business development and its earnings outlook, based on a policy of maintaining stable dividends.」
The Company continues its dividend policy of maintaining stable dividends while taking retained earnings and its earnings outlook into account. - FY2016First statedAnnual report
「With respect to dividends, the Company intends to determine dividends after taking into account the retained earnings needed for future business development and its earnings outlook, based on a policy of maintaining stable dividends.」
The Company has a basic policy of stable dividends and determines dividends after taking retained earnings and its earnings outlook into account.