Balancing Stable, Ongoing Dividends with Retained Earnings
First written in FY2016. 4 of 30 entries say "Raised", first in FY2017. Latest entry: FY2027-H1.
- FY2027-H1Interim dividend increased to ¥36Annual report
「Board of Directors meeting held on 9 October 2026 Common shares 9,340 Retained earnings 36.00 31 August 2026 10 November 2026」
The Company resolved to pay an interim dividend of ¥36 per share, with 31 August 2026 as the record date. This is an increase of ¥2 from ¥34 in the same period of the previous year. - 2026-10-09RestatedRevision of earnings forecasts
「There has also been no change to the full-year dividend forecast.」
The interim dividend was set at ¥36 per share and the full-year dividend forecast at ¥72, with the full-year dividend forecast left unchanged. - FY2026RaisedAnnual report
「The Company is managing its business on the assumption of a dividend payout ratio of at least 40% of net income. If cash generation exceeds expectations, additional shareholder return measures will also be considered.」
The return policy was reset at a higher level, from the previous policy of 30% plus α in FY2025 to a dividend payout ratio of at least 40% of net income under Dash 35. The consolidated dividend payout ratio for FY2026 was 50.0%. - 2026-05-22RaisedManagement planning
「As targets for fiscal 2035, we have set an operating margin of at least 20.0% and a dividend payout ratio of at least 40.0%.」
A dividend payout ratio of at least 40.0% was set as the long-term target for fiscal 2035. - FY2026-H1Continuation of the ¥34 interim dividendAnnual report
「At a Board of Directors meeting held on 3 October 2025, the Company resolved to pay dividends from retained earnings as follows.」
Regarding the interim dividend with a record date of 31 August 2025, the Company resolved to pay ¥34 per share, totaling ¥8,818 million. The interim dividend was also ¥34 per share in the same period of the previous year. - FY2025Annual dividend of ¥68; total payout ratio of 47.7%Annual report
「As a result, the annual dividend for the current consolidated fiscal year, including the interim dividend of ¥34, was ¥68 per share, and the consolidated dividend payout ratio was 31.1%. The total payout ratio, including share repurchases, was 47.7%.」
The annual dividend increased from ¥64 to ¥68, while the consolidated dividend payout ratio was 31.1% and the total payout ratio, including share repurchases, was 47.7%. - FY2025-H1¥34 interim dividend resolutionAnnual report
「4 October 2024 Board of Directors meeting Common shares 8,888 Retained earnings 34.00 31 August 2024 1 November 2024」
Regarding the interim dividend with a record date of 31 August 2024, the Company resolved to pay ¥34 per share, totaling ¥8,888 million. This was an increase from the interim dividend of ¥32 per share in the same period of the previous year. - FY2025-Q1Payment of a year-end dividend of ¥32Annual report
「At a Board of Directors meeting held on 5 April 2024, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥8,402 million (2) Dividend per share: ¥32.00」
For the year-end dividend for the fiscal year ended February 2024, ¥32 per share, totaling ¥8,402 million, was paid from 8 May 2024. - FY2024RestatedAnnual report
「Under its long-term management plan, the “2025 Vision,” the Company’s basic policy is to set the consolidated dividend payout ratio at 30% plus α in FY2025, with the aim of providing shareholders with more proactive and stable returns of profit.」
The policy of maintaining a consolidated dividend payout ratio of 30% plus α in FY2025 continued, and the annual dividend for FY2024 was ¥64, with a consolidated dividend payout ratio of 33.0%. - FY2024-Q3Payment of an interim dividend of ¥32Annual report
「At a Board of Directors meeting held on 6 October 2023, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥8,402 million (2) Dividend per share: ¥32.00 (3) Effective date of the payment claim and payment commencement date: 2 November 2023」
Payment of the interim dividend based on 31 August 2023, resolved in FY2024-Q2, totaling ¥8,402 million at ¥32 per share, commenced on 2 November. - FY2024-Q2Resolution to pay an interim dividend of ¥32Annual report
「At a Board of Directors meeting held on 6 October 2023, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥8,402 million (2) Dividend per share: ¥32.00」
Regarding the interim dividend with a record date of 31 August 2023, the Company resolved to pay ¥32 per share, totaling ¥8,402 million, with payment scheduled to commence on 2 November 2023. - FY2024-Q1Payment of a year-end dividend of ¥32Annual report
「At a Board of Directors meeting held on 7 April 2023, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥8,402 million (2) Dividend per share: ¥32.00」
For the year-end dividend for the fiscal year ended February 2023, the Company resolved to pay ¥32 per share, totaling ¥8,402 million, and commenced payment on 8 May 2023. - FY2023Annual dividend of ¥64; dividend payout ratio of 32.3%Annual report
「As a result, the annual dividend for the current consolidated fiscal year, including the interim dividend of ¥32, was ¥64 per share, and the consolidated dividend payout ratio was 32.3%.」
The annual dividend increased from ¥52 to ¥64 under the policy of maintaining a consolidated dividend payout ratio of 30% plus α through FY2025. - FY2023-Q3Payment of an interim dividend of ¥32Annual report
「At a Board of Directors meeting held on 7 October 2022, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥8,402 million (2) Dividend per share: ¥32.00 (3) Effective date of the payment claim and payment commencement date: 4 November 2022」
Payment of the interim dividend resolved in FY2023-Q2, totaling ¥8,402 million at ¥32 per share, commenced on 4 November. - FY2023-Q2Resolution to pay an interim dividend of ¥32Annual report
「At a Board of Directors meeting held on 7 October 2022, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥8,402 million (2) Dividend per share: ¥32.00」
Regarding the interim dividend with a record date of 31 August 2022, the Company resolved to pay ¥32 per share, totaling ¥8,402 million. This was an increase from the interim dividend of ¥26 per share in the same period of the previous year. - FY2023-Q1Payment of a ¥26 per-share dividendAnnual report
「At a Board of Directors meeting held on 8 April 2022, the Company resolved to pay dividends from retained earnings as follows: (1) Total dividends: ¥6,826 million (2) Dividend per share: ¥26.00」
For the year-end dividend for the fiscal year ended February 2022, ¥26 per share, totaling ¥6,826 million, was paid. - FY2022Annual dividend of ¥52 per share; payout ratio of 35.4%Annual report
「As a result, including the interim dividend of ¥26, the annual dividend for the current consolidated fiscal year was ¥52 per share and the consolidated dividend payout ratio was 35.4%.」
Under the policy of maintaining the consolidated dividend payout ratio at 30% plus an additional amount through FY2025, the annual dividend was ¥52 and the consolidated dividend payout ratio was 35.4%. - FY2022-Q3Payment of a ¥26 interim dividendAnnual report
「Effective date of the dividend payment claim and payment commencement date: 5 November 2021」
For the interim dividend with a record date of 31 August 2021, payment of ¥26 per share, totaling ¥6,797 million, commenced on 5 November 2021. - FY2022-Q2Approval of a ¥26 per share interim dividendAnnual report
「At a meeting of the Board of Directors held on 8 October 2021, a resolution was passed to pay dividends from surplus as follows.」
For the interim dividend with a record date of 31 August 2021, the Company resolved to pay total dividends of ¥6,797 million, or ¥26 per share. - FY2021Annual dividend of ¥24 per share; payout ratio of 33.1%Annual report
「As a result, including the interim dividend of ¥12, the annual dividend for the current consolidated fiscal year was ¥24 per share and the consolidated dividend payout ratio was 33.1%.」
Under the policy of maintaining shareholder returns at 30% plus an additional amount through FY2025, the annual dividend was ¥24 and the consolidated dividend payout ratio was 33.1%. - FY2021-Q3Payment of a ¥12 interim dividendAnnual report
「At a meeting of the Board of Directors held on 9 October 2020, a resolution was passed to pay dividends from surplus as follows.」
For the interim dividend with a record date of 31 August 2020, payment of ¥12 per share, totaling ¥3,150 million, was made on 6 November 2020. - FY2021-Q2Resolution to pay a ¥12 interim dividendAnnual report
「At a meeting of the Board of Directors held on 9 October 2020, a resolution was passed to pay dividends from surplus as follows.」
For the interim dividend with a record date of 31 August 2020, the Company resolved to pay total dividends of ¥3,150 million, or ¥12 per share. - FY2021-Q1Payment of a ¥26 per-share dividendAnnual report
「(1) Total dividends: ¥6,826 million (2) Dividend per share: ¥26.00」
For the dividend with a record date of 29 February 2020, the Company paid total dividends of ¥6,826 million, or ¥26 per share. - FY2020Annual dividend of ¥52 per share; payout ratio of 87.5%Annual report
「As a result, including the interim dividend of ¥26, the annual dividend for the current consolidated fiscal year was ¥52 per share and the consolidated dividend payout ratio was 87.5%.」
Under its policy of stable and proactive shareholder returns, the annual dividend was ¥52 per share and the consolidated dividend payout ratio was 87.5%. - FY2020-Q2Approval of a ¥26 per share interim dividendAnnual report
「At a meeting of the Board of Directors held on 10 October 2019, a resolution was passed to pay dividends from surplus as follows: (1) Total interim dividends: ¥6,826 million (2) Dividend per share: ¥26.00」
For the interim dividend with a record date of 31 August 2019, the Company resolved to pay total dividends of ¥6,826 million, or ¥26 per share. - FY2020-Q1Payment of a ¥26 per-share dividendAnnual report
「At a meeting of the Board of Directors held on 11 April 2019, a resolution was passed to pay dividends from surplus as follows: (1) Total dividends: ¥6,878 million (2) Dividend per share: ¥26.00」
For the fiscal year ended February 2019, the Company resolved to pay and paid total dividends of ¥6,878 million, or ¥26 per share. The per-share dividend stated in the first quarter of the previous fiscal year was ¥20. - FY2019RaisedAnnual report
「The basic policy is to progressively raise the consolidated dividend payout ratio to 30% by FY2020 and to 30% plus an additional amount through FY2025 thereafter.」
In addition to the previous policy of a 30% payout ratio through FY2020, the Company indicated an increased level of shareholder returns of “30% plus an additional amount” through FY2025. The consolidated dividend payout ratio for the period was 33.4%. - FY2018RestatedAnnual report
「Under the long-term management plan, the “2025 Vision,” the Company’s basic policy is to progressively raise its consolidated dividend payout ratio to 30% by 2020, with the aim of returning profits to shareholders more proactively and consistently.」
The policy of achieving a consolidated dividend payout ratio of 30% by 2020 continued, and the consolidated dividend payout ratio for the period was 26.8%. - FY2017RaisedAnnual report
「Under the long-term management plan, the “2025 Vision,” the Company’s basic policy is to progressively raise its consolidated dividend payout ratio to 30% by 2020, with the aim of returning profits to shareholders more proactively and consistently.」
In addition to the previous policy of stable and continuous dividends, the Company specified a target payout ratio of 30% by 2020, including the deadline and numerical target. The consolidated dividend payout ratio for the period was 26.1%. - FY2016First statedAnnual report
「The basic policy for profit allocation is to provide stable and continuous dividends and retain earnings to strengthen the management base and expand the business going forward, while making decisions after comprehensively considering business performance, the business environment and financial position.」
Stable dividends, strengthening the management base and retained earnings for business expansion were established as the basic principles for profit allocation.