Setting the Dividend Payout Ratio and Total Shareholder Return Ratio
First written in FY2016. 23 of 30 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
11 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Basic policy: As one of management's key priorities, the company will balance strategic investment that enables sustainable growth with the maximization of profit returns to shareholders. ・KFI: Dividend on equity (DOE) of 4.0% or higher ・Application period: From the fiscal year ending March 2026 through the fiscal year ending March 2028」
The company changed from its previous policy of a payout ratio of 50% or higher and a minimum annual dividend to a policy for 2026–2028 that sets DOE of 4.0% or higher as the KFI, subject to balancing strategic investment. - FY2026-H1AdvancedAnnual report
「Annual General Meeting of Shareholders held on 26 June 2025 Common shares ¥1,449 million Retained earnings ¥186 per share 31 March 2025 27 June 2025」
The company paid a dividend of ¥186 per share, totaling ¥1,449 million. At a Board of Directors meeting held on 13 November 2025, it also resolved to pay an interim dividend of ¥100 per share, totaling ¥789 million. - FY2025-H1AdvancedAnnual report
「Annual General Meeting of Shareholders held on 26 June 2024 Common shares ¥1,784 million Retained earnings ¥229 per share 31 March 2024 27 June 2024」
For dividends for the fiscal year ending March 2024, the company paid ¥229 per share, totaling ¥1,784 million. It also resolved to pay an interim dividend of ¥50 per share, totaling ¥389 million. - FY2024-Q3AchievedAnnual report
「As the company cancelled treasury shares on 30 November 2023 pursuant to the resolution of the Board of Directors meeting held on 13 November 2023, retained earnings and treasury shares each decreased by ¥2,769 million during the cumulative third quarter of the current consolidated fiscal year.」
The company carried out the treasury share cancellation resolved in the previous quarter on 30 November 2023, completing the cancellation of 1,000,000 shares, equivalent to 10.7% of total issued shares. - FY2024-Q2AdvancedAnnual report
「Treasury shares increased by ¥1,201 million during the cumulative second quarter of the current consolidated fiscal year as a result of the acquisition of treasury shares and other actions based on the resolution of the Board of Directors meeting held on 12 May 2023. At a Board of Directors meeting held on 13 November 2023, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act. (2) Total number of shares to be cancelled 1,000,000 shares (10.7% of the total number of issued shares before the cancellation) (3) Scheduled cancellation date 30 November 2023」
In addition to carrying out ¥1,201 million in treasury share repurchases, the company resolved to cancel 1,000,000 treasury shares, equivalent to 10.7% of total issued shares. - FY2024-Q1AdvancedAnnual report
「Annual General Meeting of Shareholders held on 28 June 2023 Common shares ¥1,197 million Retained earnings ¥147 per share 31 March 2023 29 June 2023」
The company paid a dividend of ¥147 per share, totaling ¥1,197 million. It also allocated ¥1.2 billion to shareholder returns through treasury share repurchases and other actions. - FY2023AdvancedAnnual report
「With respect to dividends for the current fiscal year, the company decided to pay ¥147 per share in accordance with its shareholder return policy. As a result, the consolidated payout ratio for the current fiscal year was 50.1%.」
Under the policy of a payout ratio of 50% or higher and a minimum annual dividend of ¥100, the company paid a dividend of ¥147 per share, with a consolidated payout ratio of 50.1%. In the following fiscal year, it also resolved to repurchase treasury shares for up to ¥1.2 billion. - FY2023-Q2AdvancedAnnual report
「Treasury shares increased by ¥262 million during the cumulative second quarter of the current consolidated fiscal year as a result of the acquisition of treasury shares and other actions based on the resolution of the Board of Directors meeting held on 13 May 2022.」
Under the policy of a payout ratio of 50% or higher and a minimum annual dividend of ¥100, the company continues to repurchase treasury shares. - FY2023-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 28 June 2022, the company resolved to pay a dividend on common shares totaling ¥1,197 million, or ¥145 per share, with the resolution taking effect on 29 June 2022. In addition, treasury shares increased by ¥279 million during the cumulative first quarter of the current consolidated fiscal year as a result of the acquisition of treasury shares and other actions based on the resolution of the Board of Directors meeting held on 13 May 2022.」
Under the policy of a payout ratio of 50% or higher and a minimum annual dividend of ¥100, the company paid a dividend of ¥145 per share, totaling ¥1,197 million, and also carried out ¥279 million of treasury share repurchases and other actions. - FY2022-Q1AdvancedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 949 Retained earnings 115 31 March 2021 30 June 2021」
Under the policy of a payout ratio of 50% or higher and a minimum annual dividend of ¥100, the company paid a dividend of ¥115 per share, totaling ¥949 million. - FY2021Increase in payout ratio and discontinuation of total shareholder return ratioAnnual report
「・Consolidated payout ratio: Set at 50% or higher. (However, annual dividends will be no less than ¥100 per share.) ・Consolidated total shareholder return ratio: No target will be set. The company will respond flexibly based on earnings trends and other factors. ・Policy period: The policy will apply for the 3 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022, and will be reviewed at the end of that period.」
The minimum payout ratio was increased from 30% or higher to 50% or higher, while the company changed from a policy of total shareholder returns of 100% or higher to responding flexibly in line with earnings trends. - FY2021-Q3AdvancedAnnual report
「Treasury shares increased by ¥492 million during the cumulative third quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to a Board of Directors resolution dated 24 November 2020.」
The Company conducted share buybacks under its shareholder return policy, resulting in a ¥492 million increase in treasury shares during the cumulative third quarter of the current consolidated fiscal year. - FY2021-Q1AdvancedAnnual report
「26 June 2020 Annual General Meeting of Shareholders Common shares 853 Retained earnings 100 31 March 2020 29 June 2020」
Under its shareholder return policy, the Company resolved to pay a dividend of ¥100 per share, totaling ¥853 million, which took effect on 29 June 2020. - FY2020-Q3AdvancedAnnual report
「Treasury shares increased by ¥1.415 billion during the cumulative third quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to Board of Directors resolutions dated 14 May and 12 November 2019. Since treasury shares were disposed of on 26 August 2019 pursuant to a Board of Directors resolution dated 8 August 2019, retained earnings and treasury shares each decreased by ¥138 million during the cumulative third quarter of the current consolidated fiscal year.」
Share buybacks and other transactions under the shareholder return policy progressed, resulting in a ¥1.415 billion increase in treasury shares during the cumulative third quarter. The Company also disposed of treasury shares. - FY2020-Q2AdvancedAnnual report
「② Maximum number of shares to be acquired: 500,000 shares (5.6% of total issued shares excluding treasury shares) ③ Maximum aggregate acquisition price: ¥1.250 billion ④ Acquisition period: 13 November 2019 to 19 November 2019 ⑤ Acquisition method: Purchases through the exchange market, including off-auction purchases」
As part of its flexible capital management, the Company resolved to acquire treasury shares up to a maximum of 500,000 shares and ¥1.250 billion, specifying the acquisition period and method. - FY2020-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 27 June 2019, the Company resolved to pay a total dividend of ¥903 million, or ¥100 per common share, which took effect on 28 June 2019. In addition, treasury shares increased by ¥200 million during the cumulative first quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to a Board of Directors resolution dated 14 May 2019.」
The Company paid a dividend of ¥100 per share, totaling ¥903 million, and treasury shares increased by ¥200 million through share buybacks and other transactions. It continues to implement shareholder returns through dividends and share buybacks. - FY2019-Q2AdvancedAnnual report
「Treasury shares increased by ¥1.002 billion during the cumulative second quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to a Board of Directors resolution dated 11 May 2018. Since treasury shares were cancelled on 25 May 2018 pursuant to that resolution, retained earnings and treasury shares each decreased by ¥1.323 billion during the cumulative second quarter of the current consolidated fiscal year.」
Share buybacks and other transactions under the shareholder return policy progressed, resulting in a ¥1.002 billion increase in treasury shares during the cumulative second quarter. Retained earnings and treasury shares each decreased by ¥1.323 billion following the cancellation of 380 thousand treasury shares. - FY2019-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 28 June 2018, the Company resolved to pay a total dividend of ¥930 million, or ¥100 per common share, which took effect on 29 June 2018. In addition, treasury shares increased by ¥918 million during the cumulative first quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to a Board of Directors resolution dated 11 May 2018. Since treasury shares were cancelled on 25 May 2018 pursuant to that resolution, retained earnings and treasury shares each decreased by ¥1.323 billion during the cumulative first quarter of the current consolidated fiscal year.」
In line with its shareholder return policy, the Company paid a dividend of ¥100 per share, totaling ¥930 million, acquired ¥918 million of treasury shares and cancelled 380 thousand treasury shares. - FY2018AdvancedAnnual report
「The Company decided to pay a dividend of ¥100 per share for the current fiscal year in accordance with its basic capital management policy and shareholder return policy. As a result, the consolidated payout ratio for the current fiscal year was 39.8%.」
Under its shareholder return policy, the Company paid a dividend of ¥100 per share, with a consolidated payout ratio of 39.8% and a total payout ratio of 102.9%. For the following fiscal year, it also resolved to acquire treasury shares for up to ¥1 billion and cancel 380 thousand shares. - FY2018-Q3AdvancedAnnual report
「Treasury shares increased by ¥1.010 billion during the cumulative third quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to Board of Directors resolutions dated 12 May and 10 November 2017.」
Share buybacks and other transactions under the shareholder return policy progressed, resulting in a ¥1.010 billion increase in treasury shares during the cumulative third quarter. The Company also paid a dividend of ¥12 per share, totaling ¥1.150 billion. - FY2018-Q2AdvancedAnnual report
「The Company will acquire treasury shares to implement flexible capital management in line with its shareholder return policy. ② Maximum number of shares to be acquired: 120,000 shares ③ Maximum aggregate acquisition price: ¥500 million ④ Acquisition period: 14 November 2017 to 24 January 2018 ⑤ Acquisition method: Market purchases through a trust」
The Company resolved to conduct additional share buybacks under its shareholder return policy, specifying a maximum acquisition of 120,000 shares and ¥500 million, together with the acquisition period and method. - FY2018-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 29 June 2017, the Company resolved to pay a total dividend of ¥1.150 billion, or ¥12 per common share, which took effect on 30 June 2017. In addition, treasury shares increased by ¥500 million during the cumulative first quarter of the current consolidated fiscal year as a result of share buybacks and other transactions conducted pursuant to a Board of Directors resolution dated 12 May 2017.」
In line with the revised shareholder return policy, the Company paid a dividend of ¥12 per share, totaling ¥1.150 billion, and conducted ¥500 million in share buybacks. - FY2017AdvancedAnnual report
「• Consolidated payout ratio: Set at 30% or more (subject to a minimum annual dividend of ¥10 per share). • Consolidated total payout ratio: Set at 100% or more, with share buybacks to be conducted flexibly.」
For fiscal 2016, the payout ratio was 32.1% and the total payout ratio was 105.4%, meeting the criteria of the revised policy in its first year. The Company also acquired 7,091 thousand treasury shares and cancelled 12,000 thousand treasury shares. - FY2017-Q3AdvancedAnnual report
「At a Board of Directors meeting held on 11 November 2016, the Company acquired treasury shares pursuant to Articles 156 and 165, paragraph 3 of the Companies Act. As a result, treasury shares increased by ¥2.299 billion.」
In line with the revised shareholder return policy, the Company conducted share buybacks during the current cumulative quarter, increasing treasury shares by ¥2.299 billion. - FY2017-Q2RaisedAnnual report
「Set at 30% or more (subject to a minimum annual dividend of ¥10 per share). Set at 100% or more, with flexible share buybacks in addition to ①.」
The Company revised its shareholder return policy, raising the payout ratio from 20–30% to 30% or more and the total payout ratio from 50–75% to 100% or more, with a minimum annual dividend of ¥10 per share. The policy applied for the three fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2019. - FY2017-Q1AdvancedAnnual report
「29 June 2016 Annual General Meeting of Shareholders Common shares 514 Retained earnings 5 31 March 2016 30 June 2016 At a Board of Directors meeting held on 12 May 2016, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and cancelled 12,000,000 treasury shares on 25 May 2016.」
The Company paid a dividend of ¥5 per share and cancelled 12,000,000 treasury shares, confirming the concrete implementation of its dividend and total shareholder return policies. - FY2016First statedAnnual report
「• Consolidated payout ratio: Set at 20–30% (subject to a minimum dividend of ¥5 per share). • Consolidated total payout ratio: Set at 50–75%, with share buybacks to be conducted flexibly (except in the event of substantial funding needs). • Policy period: The four fiscal years from the fiscal year ending March 2016 through the fiscal year ending March 2019, to be reviewed at the end of that period.」
For the four fiscal years from the fiscal year ending March 2016 through the fiscal year ending March 2019, the Company set a payout ratio of 20–30%, a total payout ratio of 50–75% and a minimum dividend of ¥5 per share.