Dividend policy emphasizing a balance between retained earnings and shareholder dividends
First written in FY2018. 7 of 12 entries say "Restated". Latest entry: FY2026.
- FY2026ReframedAnnual report
「Regarding profit dividends, the Company's basic policy is to maintain a sound financial position for future earnings growth and investment for growth, provide stable dividends to shareholders, and return value to shareholders through the long-term and sustainable improvement of earnings per share. The Company has formulated a medium-term management plan ending with the fiscal year ending June 2027. It will target a consolidated dividend payout ratio of 30% or more for the fiscal year ending June 2027 and provide stable and continuous returns to shareholders.」
The policy has been organized around maintaining a sound financial position, investment for growth, long-term improvement in earnings per share and a dividend payout ratio of 30% or more, in addition to the previous emphasis on balancing retained earnings and dividends. - FY2025RaisedAnnual report
「The Group targets a consolidated payout ratio of at least 30% for the fiscal year ending June 2027 and will provide stable and sustained returns to shareholders.」
The previous policy emphasizing a balance between retained earnings and dividends has been supplemented with the specific shareholder return target of a consolidated dividend payout ratio of 30% or more for the fiscal year ending June 2027. - FY2023RestatedAnnual report
「The Company determines its dividend policy by considering the need to build up retained earnings to secure stable profits in the future while also enhancing dividends to shareholders and maintaining a sound balance between the two.」
Restates the dividend policy of maintaining a sound balance between retained earnings and shareholder dividends. - FY2022RestatedAnnual report
「The Company determines its dividend policy by considering the need to build up retained earnings to secure stable profits in the future while also enhancing dividends to shareholders and maintaining a sound balance between the two.」
Restates the dividend policy of maintaining a sound balance between retained earnings and shareholder dividends. - FY2021RestatedAnnual report
「The Company determines its dividend policy by considering the need to build up retained earnings to secure stable profits in the future while also enhancing dividends to shareholders and maintaining a sound balance between the two.」
Restates the dividend policy of maintaining a sound balance between retained earnings and shareholder dividends. - FY2020RestatedAnnual report
「The Company determines its dividend policy by considering the need to build up retained earnings to secure stable profits in the future while also enhancing dividends to shareholders and maintaining a sound balance between the two.」
Restates the dividend policy of maintaining a sound balance between retained earnings and shareholder dividends. - FY2018First statedAnnual report
「The Company determines its dividend policy by considering the need to build up retained earnings to secure stable profits in the future while also enhancing dividends to shareholders and maintaining a sound balance between the two.」
Describes a policy of maintaining a sound balance between retained earnings to secure stable future profits and shareholder dividends.