Stable Dividend Policy and No Dividend While Prioritizing Growth Investment
First written in FY2018. 5 of 13 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1Paid a regular dividend of ¥4.9 per shareAnnual report
「26 May 2026 Annual General Meeting of Shareholders Common shares Retained earnings 273,037 4.9 28 February 2026 27 May 2026」
For common shares with a record date at the end of the fiscal year ending February 2026, a dividend of ¥4.9 per share, totaling ¥273,037 thousand, was paid. - 2026-05-29Cited as achievedManagement Planning
「In October 2024, we changed our shareholder return policy. Specifically, we aim to pay continuous dividends based on a payout ratio of approximately 40% of core business profit generated by the group’s major businesses and to introduce DOE (dividend on equity) of approximately 3% as an indicator by around the fiscal year ending February 2028, thereby achieving more stable and enhanced dividends.」
The company reiterated the 40% payout ratio, DOE of approximately 3% and medium- to long-term shareholder return policy presented in FY2026 as measures to address the continued-listing criteria. - FY2026RaisedAnnual report
「Over the medium to long term, we will seek to maximize profits through business growth in order to achieve ROE of double-digit percentages, and will continue to consider flexibly acquiring treasury shares as a shareholder return measure that contributes to improved capital efficiency.」
In addition to the policy of continuous dividends with a target payout ratio of 40% and the planned introduction of a DOE of approximately 3% for the fiscal year ending February 2028, the company has newly set a target of achieving double-digit ROE over the medium to long term. - FY2025ReframedAnnual report
「We intend to prioritize profits generated by the group’s major businesses for business development investment, M&A and other investments necessary for future growth. Regarding shareholder returns, while maintaining financial soundness, we aim to pay continuous dividends based on a payout ratio of approximately 40% of profits generated by the group’s major businesses and to introduce DOE (dividend on equity) of approximately 3% as an indicator by around the fiscal year ending February 2028, thereby achieving more stable and enhanced dividends.」
The company changed from its previous policy of paying no dividends in favor of growth investment to a policy of continuous dividends with a target payout ratio of 40% and the planned introduction of a DOE of approximately 3% for the fiscal year ending February 2028. In the 26th fiscal year, it paid a ¥3 ordinary dividend plus a ¥2.50 commemorative dividend, for a total dividend of ¥5.50 per share. - FY2022RestatedAnnual report
「With respect to the dividend from surplus for the 23rd fiscal year, we paid no dividend this time in order to strengthen competitiveness and achieve further growth. Retained earnings will be used to prepare for future business development and to fund capital investment.」
While maintaining a basic policy of stable dividends, the company paid no dividend in the 23rd fiscal year, prioritizing growth and capital investment. - FY2019RestatedAnnual report
「Our basic policy is to prioritize returns to shareholders, strengthen earnings power to secure funds for dividends, and pay continuous and stable dividends. With respect to the dividend from surplus for the 20th fiscal year, we paid no dividend this time in order to strengthen competitiveness and achieve further growth. Retained earnings will be used to prepare for future business development and to fund capital investment.」
While maintaining a basic policy of stable dividends, the company paid no dividend in the 20th fiscal year, prioritizing growth investment. - FY2018First statedAnnual report
「Our basic policy is to prioritize returns to shareholders, strengthen earnings power to secure funds for dividends, and pay continuous and stable dividends. With respect to the dividend from surplus for the 19th fiscal year, we paid no dividend this time in order to strengthen competitiveness and achieve further growth. Retained earnings will be used to prepare for future business development and to fund capital investment.」
The company states that its basic policy is to pay continuous and stable dividends, but paid no dividend for the current period in order to strengthen competitiveness and achieve growth.