Using Retained Earnings for Dividends and Growth Investment from a Long-Term Perspective
First written in FY2016. 11 of 36 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
- FY2026RaisedAnnual report
「The Company’s dividend policy is based on steadily enhancing shareholder returns from the perspective of prioritizing shareholders, with returns based on a dividend payout ratio of at least 60% of consolidated earnings. Including the interim dividend, the dividend for the fiscal year will be ¥60 per share, an increase of ¥5 from the previous fiscal year.」
The shareholder return policy was changed from the previous total payout ratio of at least 50% to a dividend payout ratio of at least 60%, and the annual dividend was increased to ¥60 per share. In addition, the Company purchased and cancelled 10,000,000 treasury shares for ¥12.83 billion. - FY2026-H1AdvancedAnnual report
「At the Board of Directors meeting held on 23 April 2025, the Company resolved to pay a year-end dividend of ¥35.00 per share to shareholders recorded in the shareholder registry as of 31 March 2025. It also resolved to pay an interim dividend of ¥30.00 per share for the 78th fiscal year, from 1 April 2025 to 31 March 2026.」
The shareholder return record has been updated to show a year-end dividend of ¥35 per share for the previous fiscal year and an approved interim dividend of ¥30 per share for the 78th fiscal year. - FY2025RaisedAnnual report
「The Company’s dividend policy is based on steadily enhancing shareholder returns from the perspective of prioritizing shareholders, with returns based on a total payout ratio of at least 50% of consolidated earnings. Including the interim dividend, the dividend for the fiscal year will be ¥55 per share, an increase of ¥15 from the previous fiscal year. On 14 May 2025, the Company purchased 10,000,000 shares at ¥1,283 per share.」
The Company continued its policy of a total payout ratio of at least 50% and increased the annual dividend by ¥15, from ¥40 to ¥55 per share. In addition, it conducted a tender offer to purchase 10 million treasury shares for a total of ¥12.83 billion. - FY2025-H1AdvancedAnnual report
「In addition, with respect to the interim dividend for the 77th fiscal year, from 1 April 2024 to 31 March 2025, the Board of Directors resolved at its meeting held on 25 October 2024 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2024: ① Total dividends: ¥1,491.203 million ② Dividend per share: ¥20.00」
The interim dividend was approved at ¥20 per share, an increase of ¥1 from ¥19 per share in the same period of the previous year. - FY2024RaisedAnnual report
「The Company’s basic dividend policy is to steadily increase shareholder returns from the perspective of giving priority to shareholders, with a policy of returning profits based on a total payout ratio of at least 50% of consolidated results. / Including the interim dividend, the annual dividend for the fiscal year will be ¥40 per share, an increase of ¥4 per share from the previous fiscal year. / The Company acquired 650,000 shares for a total acquisition price of ¥598 million.」
The Company shifted from its previous 3-year policy to a shareholder return policy based on a total payout ratio of at least 50%, increased the annual dividend to ¥40 per share, and acquired 650,000 treasury shares for ¥598 million in total. - FY2024-Q2AdvancedAnnual report
「With respect to the interim dividend for the 76th fiscal year, from 1 April 2023 to 31 March 2024, the Board of Directors resolved at its meeting held on 27 October 2023 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2023: ① Total dividends: ¥1,429.005 million ② Dividend per share: ¥19.00 ③ Effective date of dividend claim and payment commencement date: 28 November 2023」
The Company resolved to pay an interim dividend of ¥19 per share, totaling ¥1,429.005 million, an increase of ¥2 per share from the interim dividend of ¥17 per share in the previous year. - FY2024-Q1Added the year-end dividend payment recordAnnual report
「At its meeting held on 25 April 2023, the Board of Directors resolved to pay the following year-end dividend to shareholders recorded in the shareholder register as of 31 March 2023: ① Total dividends: ¥1,429 million ② Dividend per share: ¥19.00 ③ Effective date of dividend claim and payment commencement date: 1 June 2023」
The Company disclosed that it paid the FY2023 year-end dividend of ¥19 per share, totaling ¥1,429 million, beginning 1 June 2023. - FY2023AdvancedAnnual report
「At its meeting held on 25 April 2023, the Board of Directors resolved to set the year-end dividend for the fiscal year at ¥19 per share, with an effective date of 1 June 2023. Including the interim dividend, the annual dividend for the fiscal year will be ¥36 per share, an increase of ¥2 per share from the previous fiscal year.」
The Company paid dividends of ¥17 per share for the interim period, ¥19 per share at year-end and ¥36 per share annually, increasing the annual dividend by ¥2 per share from the previous fiscal year. It also stated that it had implemented the 3-year policy for fiscal 2020 through fiscal 2022 targeting a 50% dividend payout ratio and capping treasury share acquisitions at ¥2 billion. - FY2023-Q2AdvancedAnnual report
「At its meeting held on 26 October 2022, the Board of Directors resolved to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2022: ① Total dividends: ¥1,278.591 million ② Dividend per share: ¥17.00 / Expenditure on treasury share acquisitions: △331,306」
The Company disclosed a resolution to pay an interim dividend of ¥17 per share, totaling ¥1,278.591 million. This was an increase from ¥14 per share in the same period of the previous year, and expenditure of ¥331.306 million for treasury share acquisitions was recorded for the cumulative second quarter. - FY2023-Q1Update year-end dividend and treasury share acquisition resultsAnnual report
「At its meeting held on 26 April 2022, the Board of Directors resolved to pay the following year-end dividend to shareholders recorded in the shareholder register as of 31 March 2022: ① Total dividends: ¥1,511 million ② Dividend per share: ¥20.00 ③ Effective date of dividend claim and payment commencement date: 1 June 2022 / Total net assets decreased by ¥1,040 million from the end of the previous consolidated fiscal year to ¥75,003 million. This was mainly due to decreases of ¥809 million in retained earnings and ¥331 million due to treasury share acquisitions, among other factors.」
The Company resolved to pay a year-end dividend of ¥20 per share, totaling ¥1,511.731 million, with payments beginning on 1 June 2022. It also stated that net assets decreased by ¥331 million due to treasury share acquisitions. - FY2022AdvancedAnnual report
「The Company’s basic dividend policy is to pay stable dividends from the perspective of giving priority to shareholders. For the 3-year period from fiscal 2020 through fiscal 2022, the Company will return profits to shareholders with a target payout ratio of 50% based on consolidated results. In addition, to achieve optimal capital allocation from a medium- to long-term perspective, the Company will flexibly acquire treasury shares, taking into comprehensive consideration cash on hand, share price levels and other factors, up to a total of ¥2,000 million over the 3-year period. / At its meeting held on 26 April 2022, the Board of Directors resolved to set the year-end dividend for the fiscal year at ¥20 per share, with an effective date of 1 June 2022. Including the interim dividend, the annual dividend for the fiscal year will be ¥34 per share, an increase of ¥2 per share from the previous fiscal year. / Between 28 October of the same year and 31 March, the Company acquired 809,100 shares through market purchases on the Tokyo Stock Exchange for a total acquisition price of ¥668 million.」
The Company continued its policy of targeting a 50% dividend payout ratio and capping treasury share acquisitions at ¥2 billion, and disclosed an increase in the annual dividend to ¥34 per share and the acquisition of 809,100 treasury shares for ¥668 million in total. - FY2022-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 27 October 2021, the Company acquired 384,500 treasury shares during the cumulative third-quarter period. In addition, based on the same resolution, it cancelled 1,829,449 treasury shares on 19 November 2021.」
The Company added specific shareholder return and capital policy results, acquiring 384,500 treasury shares and cancelling 1,829,449 treasury shares during the cumulative third-quarter period. - FY2022-Q2Update interim dividend and treasury share acquisition resultsAnnual report
「Expenditure on treasury share acquisitions: △133 / At its meeting held on 27 October 2021, the Board of Directors resolved to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2021: ① Total dividends: ¥1,069.542 million ② Dividend per share: ¥14.00 ③ Effective date of dividend claim and payment commencement date: 29 November 2021」
The Company resolved to pay a FY2022 interim dividend of ¥14 per share, totaling ¥1,069.542 million. Expenditure on treasury share acquisitions for the cumulative second quarter was ¥133,000. - FY2022-Q1Add payment results for the FY2021 year-end dividendAnnual report
「18 June 2021; Annual General Meeting of Shareholders; common shares; 1,375,129; 18.00; 31 March 2021; 21 June 2021; retained earnings」
The Company disclosed that it paid a FY2021 year-end dividend of ¥18 per share, totaling ¥1,375.129 million, on 21 June 2021. - FY2021AdvancedAnnual report
「For dividends for the fiscal year, the Company paid an interim dividend of ¥14 per share in November last year and set the year-end dividend at ¥18 per share, bringing the annual dividend to ¥32 per share, an increase of ¥8 per share from the previous fiscal year.」
The Company paid dividends of ¥14 per share for the interim period, ¥18 per share at year-end and ¥32 per share annually, increasing the annual dividend by ¥8 per share from the previous fiscal year. It also continued its policy of targeting a 50% dividend payout ratio over 3 years and capping treasury share acquisitions at ¥2 billion. - FY2021-Q3AdvancedAnnual report
「Total net assets increased by ¥2,261 million from the end of the previous consolidated fiscal year to ¥70,206 million. This was mainly due to increases of ¥1,741 million in retained earnings, ¥1,346 million in valuation difference on other securities, and ¥161 million in foreign currency translation adjustments, despite a ¥1 billion decrease due to treasury share acquisitions, among other factors.」
The Company disclosed that net assets decreased by ¥1 billion due to treasury share acquisitions, updating its cumulative third-quarter shareholder return results in addition to the treasury share acquisition results through the previous quarter. - FY2021-Q2AdvancedAnnual report
「With respect to the interim dividend for the 73rd fiscal year, from 1 April 2020 to 31 March 2021, the Board of Directors resolved at its meeting held on 28 October 2020 to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2020: ① Total dividends: ¥1,074.855 million ② Dividend per share: ¥14.00 / Although expenses related to treasury share acquisitions decreased by ¥651 million」
The Company disclosed a resolution to pay an interim dividend of ¥14 per share, totaling ¥1,074.855 million. For the cumulative second quarter, it recorded ¥651.919 million in expenditure for treasury share acquisitions. - FY2021-Q1AdvancedAnnual report
「18 June 2020; Annual General Meeting of Shareholders; common shares; 1,009,119; 13.00; 31 March 2020; 19 June 2020; retained earnings / ¥278 million decrease due to treasury share acquisitions」
The Company paid a year-end dividend of ¥13 per share for the fiscal year ended March 2020, an increase from ¥11 per share in the same period of the previous year. It also disclosed a ¥278 million decrease due to treasury share acquisitions, adding actual results related to its shareholder return policy. - FY2020RaisedAnnual report
「The Company’s basic dividend policy is to pay stable dividends from the perspective of giving priority to shareholders. For the 3-year period from fiscal 2020 through fiscal 2022, the Company will return profits to shareholders with a target payout ratio of 50% based on consolidated results. In addition, to achieve optimal capital allocation from a medium- to long-term perspective, the Company will flexibly acquire treasury shares, taking into comprehensive consideration cash on hand, share price levels and other factors, up to a total of ¥2 billion over the 3-year period.」
The Company added a target dividend payout ratio of 50% for fiscal 2020 through fiscal 2022 and treasury share acquisitions capped at ¥2 billion over 3 years to its previous stable dividend and retained earnings policy. The annual dividend was also increased to ¥24 per share. - FY2020-Q3Add record of payment of interim dividend of ¥11 per shareAnnual report
「At its meeting held on 28 October 2019, the Board of Directors resolved to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2019: ① Total dividends: ¥853.873 million ② Dividend per share: ¥11.00 ③ Effective date of dividend claim and payment commencement date: 27 November 2019」
The Company disclosed that it paid the interim dividend based on 30 September 2019 as the record date, at ¥11 per share and ¥853.873 million in total, beginning 27 November. - FY2020-Q2Add record of resolution for interim dividend of ¥11 per shareAnnual report
「With respect to the interim dividend for the 72nd fiscal year, from 1 April 2019 to 31 March 2020, the Board of Directors resolved at its meeting held on 28 October 2019 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2019: ① Total dividends: ¥853.873 million ② Dividend per share: ¥11.00 ③ Effective date of dividend claim and payment commencement date: 27 November 2019」
The Company disclosed a resolution to pay an interim dividend of ¥11 per share, totaling ¥853.873 million, with 30 September 2019 as the record date, and to begin payments on 27 November. - FY2020-Q1Add record of payment of year-end dividend of ¥11 per shareAnnual report
「21 June 2019; Annual General Meeting of Shareholders; common shares; 853,874; 11.00; 31 March 2019; 24 June 2019; retained earnings」
The Company disclosed that it paid a year-end dividend of ¥11 per share, totaling ¥853.874 million, on 24 June 2019 for the fiscal year ended March 2019. - FY2019Add annual dividend results of ¥22 per shareAnnual report
「The year-end dividend was ¥11 per share, making the annual dividend ¥22 per share together with the interim dividend of ¥11 already paid.」
The Company reiterated its long-term dividend policy and the use of retained earnings for growth investment, and disclosed an annual dividend of ¥22 per share. - FY2019-Q3Add record of payment of interim dividend of ¥11 per shareAnnual report
「At its meeting held on 26 October 2018, the Board of Directors resolved to pay the following interim dividend to shareholders recorded in the shareholder register as of 30 September 2018: ① Total dividends: ¥853.880 million ② Dividend per share: ¥11.00 ③ Effective date of dividend claim and payment commencement date: 28 November 2018」
The Company disclosed that it began paying the interim dividend based on 30 September 2018 as the record date, at ¥11 per share and ¥853 million in total, on 28 November. - FY2019-Q2Add record of resolution for interim dividend of ¥11 per shareAnnual report
「With respect to the interim dividend for the 71st fiscal year, from 1 April 2018 to 31 March 2019, the Board of Directors resolved at its meeting held on 26 October 2018 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2018: ① Total dividends: ¥853.880 million ② Dividend per share: ¥11.00 ③ Effective date of dividend claim and payment commencement date: 28 November 2018」
The Company disclosed a resolution to pay an interim dividend of ¥11 per share, totaling ¥853 million, with 30 September 2018 as the record date. - FY2019-Q1Add record of payment of year-end dividend of ¥11 per shareAnnual report
「21 June 2018; Annual General Meeting of Shareholders; common shares; 853,884; 11.00; 31 March 2018; 22 June 2018; retained earnings」
The Company disclosed that it paid a year-end dividend of ¥11 per share, totaling ¥853 million, for the fiscal year ended March 2018. - FY2018Add annual dividend results of ¥22 per shareAnnual report
「The year-end dividend was ¥11 per share, making the annual dividend ¥22 per share together with the interim dividend of ¥11 already paid. Retained earnings will be used for the development of new products, improvements in productivity and quality, strengthening of sales capabilities, and development of new markets, among other purposes, to improve the earnings structure and further strengthen and expand the financial base.」
The Company reiterated its long-term dividend policy and the use of retained earnings for growth investment, and disclosed dividend results of ¥11 per share for both the interim and year-end dividends, or ¥22 per share annually. - FY2018-Q2Add record of resolution for interim dividend of ¥11 per shareAnnual report
「With respect to the interim dividend for the 70th fiscal year, from 1 April 2017 to 31 March 2018, the Board of Directors resolved at its meeting held on 30 October 2017 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2017: ① Total dividends: ¥853.888 million ② Dividend per share: ¥11.00 ③ Effective date of dividend claim and payment commencement date: 28 November 2017」
The Company resolved to pay an interim dividend of ¥11 per share, totaling ¥853 million, an increase from ¥9 per share in the same period of the previous year. - FY2018-Q1Added the year-end dividend payment recordAnnual report
「22 June 2017; Annual General Meeting of Shareholders; common shares; 698,637; 9.00; 31 March 2017; 23 June 2017; retained earnings」
The Company disclosed that it paid a year-end dividend of ¥9 per share, totaling approximately ¥699 million, for the fiscal year ended March 2017. - FY2017Add annual dividend results of ¥18 per shareAnnual report
「The year-end dividend was ¥9 per share, making the annual dividend ¥18 per share together with the interim dividend of ¥9 already paid. Retained earnings will be used for the development of new products, improvements in productivity and quality, strengthening of sales capabilities, and development of new markets, among other purposes, to improve the earnings structure and further strengthen and expand the financial base.」
The Company reiterated its long-term dividend policy and the use of retained earnings for growth investment, and disclosed dividend results of ¥9 per share for both the interim and year-end dividends, or ¥18 per share annually. - FY2017-Q3Added the interim dividend payment record.Annual report
「Interim dividend: With respect to the interim dividend for the 69th fiscal year, from 1 April 2016 to 31 March 2017, the Board of Directors resolved at its meeting held on 27 October 2016 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2016: ① Total dividends: ¥698.644 million ② Dividend per share: ¥9.00 ③ Effective date of dividend claim and payment commencement date: 28 November 2016」
The Company disclosed that it began paying the interim dividend based on 30 September 2016 as the record date, at ¥9 per share and ¥698 million in total, on 28 November. - FY2017-Q2Add interim dividend resolutionAnnual report
「With respect to the interim dividend for the 69th fiscal year, from 1 April 2016 to 31 March 2017, the Board of Directors resolved at its meeting held on 27 October 2016 to pay the interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2016: ① Total dividends: ¥698.644 million ② Dividend per share: ¥9.00」
The Company resolved to pay an interim dividend of ¥9 per share, totaling ¥698 million, with 30 September 2016 as the record date. - FY2017-Q1Add dividend payment resultsAnnual report
「23 June 2016; Annual General Meeting of Shareholders; common shares; 698,647; 9.00; 31 March 2016; 24 June 2016; retained earnings」
The Company disclosed that it paid a dividend of ¥9 per share on common shares for the fiscal year ended March 2016. - FY2016First statedAnnual report
「The Company’s basic dividend policy is to pay dividends from a long-term perspective after taking into account the strengthening of its management base and future business development. Retained earnings will be used for the development of new products, improvements in productivity and quality, strengthening of sales capabilities, and development of new markets, among other purposes, to improve the earnings structure and further strengthen and expand the financial base.」
The basic policy is to determine dividends by taking into account shareholder returns, the management base and business development, while allocating retained earnings to products, quality, productivity, sales and new markets.