Dividend benchmark based on DOE and policy of continued dividend increases
First written in FY2016. 13 of 25 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-13.
- FY2026AdvancedAnnual report
「After taking into account the earnings level and business environment, the Company plans to submit a proposal for a year-end dividend of ¥82.00 per share as an agenda item for approval at the Annual General Meeting of Shareholders to be held on 26 June 2026.」
Under its policy of setting a numerical target for the dividend-on-equity ratio (DOE), the Company plans to submit a proposal to increase the year-end dividend from ¥74 to ¥82 per share. - FY2026-H1RestatedAnnual report
「26 June 2025 Annual General Meeting of Shareholders Common shares 2,964 74 31 March 2025 27 June 2025 Retained earnings」
A dividend of ¥74 per share after the stock split was paid for the fiscal year ended March 2025. This confirms the level stated in the previous filing. - FY2025RaisedAnnual report
「To clarify its commitment to strengthening the return of profits to shareholders and further enhance such returns, the Company has decided to set a numerical target for the consolidated dividend-on-equity ratio (DOE) for the three-year period from the fiscal year ending March 2025 through the fiscal year ending March 2027.」
The Company moved from its previous policy of raising dividend levels based on DOE to a policy of setting a numerical target for consolidated DOE for the three years from the fiscal year ending March 2025 through the fiscal year ending March 2027. The year-end dividend is ¥74 per share after the stock split, equivalent to ¥148 before the split, representing a ¥43 increase from ¥105 per share in the previous fiscal year. - FY2025-H1AdvancedAnnual report
「26 June 2024 Annual General Meeting of Shareholders Common shares 2,101 105 31 March 2024 27 June 2024 Retained earnings」
The year-end dividend for the fiscal year ended March 2024 was ¥105 per share, an increase from ¥73 per share in the previous fiscal year. This is in line with the policy of continuously raising dividend levels. - FY2024-Q1AdvancedAnnual report
「27 June 2023 Annual General Meeting of Shareholders Common shares 1,464 73 31 March 2023 28 June 2023 Retained earnings」
A year-end dividend of ¥73 per share was paid for the fiscal year ended March 2023. This was an ¥11 increase from ¥62 per share in the previous fiscal year, in line with the policy of continuously raising dividend levels. - FY2022AdvancedAnnual report
「While maintaining sufficient shareholders’ equity to rapidly and reliably capture expanding business opportunities, the Company will determine its dividend benchmark based on the dividend-on-equity ratio (DOE), and its basic policy for returning profits is to improve this ratio gradually each year, even if only slightly.」
The Company reaffirmed its existing dividend policy based on DOE, increased the ordinary dividend from ¥53 to ¥55 per share, and added a ¥7 commemorative dividend for its 70th anniversary, bringing the total dividend to ¥62 per share. - FY2022-Q3RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 1,061 53 31 March 2021 30 June 2021 Retained earnings」
This reiterates that a year-end dividend of ¥53 per share for the fiscal year ended March 2021 was paid on 30 June 2021. - FY2022-Q2RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 1,061 53 31 March 2021 30 June 2021 Retained earnings」
This reiterates that a year-end dividend of ¥53 per share was paid for the fiscal year ended March 2021. - FY2022-Q1RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 1,061 53 31 March 2021 30 June 2021 Retained earnings」
The filing states that a year-end dividend of ¥53 per share for the fiscal year ended March 2021 was paid on 30 June 2021. This confirms the increased dividend level indicated for FY2021. - FY2021AdvancedAnnual report
「After taking into account the earnings level and business environment, the Company decided to pay a year-end dividend of ¥53 per share for the fiscal year, an increase of ¥5 from ¥48 per share in the previous fiscal year.」
The Company reiterated its policy of raising the dividend benchmark each year based on DOE and increased the dividend per share from ¥48 to ¥53. - FY2021-Q2RestatedAnnual report
「29 June 2020 Annual General Meeting of Shareholders Common shares 961 48 31 March 2020 30 June 2020 Retained earnings」
The filing states that a year-end dividend of ¥48 per share for the fiscal year ended March 2020 was paid on 30 June 2020. - FY2020ReframedAnnual report
「While maintaining sufficient shareholders’ equity to rapidly and reliably capture expanding business opportunities, the Company’s basic policy for returning profits is to provide stable dividends that are not affected by business performance.」
The wording was revised from the previous policy of raising the dividend benchmark based on DOE to a stable dividend policy not affected by business performance. The year-end dividend is ¥48 per share. - FY2020-Q2RestatedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 961 48 31 March 2019 28 June 2019 Retained earnings」
This reiterates that a year-end dividend of ¥48 per share was paid for the fiscal year ended March 2019. - FY2020-Q1AdvancedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 961,754 48 31 March 2019 28 June 2019 Retained earnings」
A year-end dividend of ¥48 per share was paid for the fiscal year ended March 2019. The dividend was increased from ¥40 per share in the previous fiscal year, representing a specific dividend increase in line with the policy of raising dividend levels based on DOE. - FY2019-Q1RestatedAnnual report
「Annual General Meeting of Shareholders, 28 June 2018 Common shares 801,469 40 31 March 2018 29 June 2018 Retained earnings」
A year-end dividend of ¥40 per share for the fiscal year ended March 2018 was paid on 29 June. This confirms the ordinary dividend level of ¥40 indicated for the previous fiscal year. - FY2018AdvancedAnnual report
「After taking into account the earnings level and business environment, the Company decided to pay a year-end dividend of ¥40 per share for the fiscal year, an increase of ¥5 from ¥35 per share in the previous fiscal year. The dividend consists of an ordinary dividend of ¥40, with no commemorative dividend.」
Under its policy of gradually raising dividend levels based on DOE, the dividend per share was increased from ¥35 to ¥40, making the ordinary dividend ¥40 excluding any commemorative dividend. - FY2017AdvancedAnnual report
「After taking into account the earnings level and business environment, the Company decided to pay a year-end dividend of ¥35 per share for the fiscal year, an increase of ¥5 from ¥30 per share in the previous fiscal year. The dividend comprises an ordinary dividend of ¥33 and a ¥2 commemorative dividend for achieving record-high profit, unchanged from the previous year’s commemorative dividend.」
Under its policy of gradually raising dividend levels based on DOE, the dividend per share was increased from ¥30 to ¥35. - FY2017-Q1AdvancedAnnual report
「Annual General Meeting of Shareholders, 29 June 2016 Common shares 601,114 30 31 March 2016 30 June 2016 Retained earnings」
The dividend paid in Q1 was ¥30 per share, up from ¥25 in the previous-year period. - FY2016First statedAnnual report
「While maintaining sufficient shareholders’ equity to rapidly and reliably capture expanding business opportunities, the Company will determine its dividend benchmark based on the dividend-on-equity ratio (DOE), and its basic policy for returning profits is to improve this ratio gradually each year, even if only slightly.」
The policy is to return profits based on DOE while maintaining the shareholders’ equity needed for growth investment.