Balancing Stable Dividends, Higher ROE and Retained Earnings
First written in FY2016. 18 of 34 entries say "Restated". Latest entry: 2026-08-13.
50 other companies' latest entry also says "Restated".
- 2026-08-13RestatedEarnings
「Fiscal year ending March 2027 (forecast) 0.00 — 18.00 18.00」
The annual dividend forecast for the fiscal year ending March 2027 was maintained at ¥18 per share, for a total of ¥18. - FY2026RestatedAnnual report
「By continuing its progressive dividend policy, the Company expects annual dividends of ¥18 per share.」
The Company continued its progressive dividend policy of no dividend reductions and only maintaining or increasing dividends, setting annual dividends at ¥18 per share for the current and following fiscal years. - FY2026-H1RestatedAnnual report
「Board of directors meeting held on 14 February 2025; common shares; retained earnings; 1,986,666; 18.00; 31 March 2025; 9 June 2025」
Under the progressive dividend policy, the Company paid a dividend of ¥18 per share, totalling ¥1,986.666 million, maintaining the dividend level raised in the previous fiscal year. - FY2025RestatedAnnual report
「For the year-end dividend from retained earnings, we set the dividend at ¥18 per share after taking the above policy and other factors into consideration. As a result, total dividends amounted to ¥1,986 million, and the payout ratio for the fiscal year was 135.8% (consolidated: 2,943.6%), while DOE (dividend on equity) was 10.8% (consolidated: 10.4%).」
The Company continued its progressive dividend policy and paid a dividend of ¥18 per share. Annual dividends of ¥18 are also expected for the following fiscal year. - FY2025-H1RestatedAnnual report
「Board of directors meeting held on 10 May 2024; common shares; retained earnings; 1,903,605; 18.00; 31 March 2024; 10 June 2024」
Under the progressive dividend policy, the Company paid a dividend of ¥18 per share, totalling ¥1,903.605 million, maintaining the dividend level raised in the previous fiscal year. - FY2024RaisedAnnual report
「With regard to dividends, the Company will seek to expand dividends while improving their stability and transparency by introducing a progressive dividend policy based on recurring income from rental real estate, meaning recurring cash flow generated by rental real estate, under which dividends will not be reduced and will only be maintained or increased.」
The previous stable dividend policy was formalised as a progressive dividend policy under which dividends will not be reduced and will only be maintained or increased. The dividend per share was also raised from ¥6 to ¥18, and ¥18 is expected for the following fiscal year. - FY2024-Q3RestatedAnnual report
「Board of directors meeting held on 12 May 2023; common shares; retained earnings; 634,535; 6.00; 31 March 2023; 12 June 2023」
The Company paid a year-end dividend of ¥6 per share, totalling ¥634.535 million, maintaining the dividend level raised in the previous fiscal year. - FY2024-Q2RestatedAnnual report
「Board of directors meeting held on 12 May 2023; common shares; retained earnings; 634,535; 6.00; 31 March 2023; 12 June 2023」
The Company paid a year-end dividend of ¥6 per share, totalling ¥634.535 million, maintaining the dividend level raised in the previous fiscal year. - FY2024-Q1RestatedAnnual report
「Total dividends: 634,535; dividend per share (yen): 6.00」
The Company paid a year-end dividend of ¥6 per share, totalling ¥634.535 million, maintaining the dividend level raised in the previous fiscal year. - FY2023RaisedAnnual report
「For the year-end dividend from retained earnings, we set the dividend at ¥6 per share after taking the above policy and other factors into consideration. As a result, total dividends amounted to ¥634 million, and the payout ratio for the fiscal year was 61.5% (consolidated: 34.8%), while DOE (dividend on equity) was 4.7% (consolidated: 4.1%). Including treasury share acquisitions based on board resolutions adopted on 13 August 2021 and 11 March 2022, total shareholder returns amounted to ¥669 million, and the total payout ratio was 64.9% (consolidated: 36.7%). For the following fiscal year, annual dividends are expected to be ¥6 per share, based on forecast net income attributable to owners of the parent on a consolidated basis.」
The Company raised the dividend per share from the previous ¥2 to ¥6, reporting total dividends of ¥634 million, a payout ratio of 61.5% and DOE of 4.7%. Annual dividends of ¥6 are also expected for the following fiscal year. - FY2023-Q3RestatedAnnual report
「Board of directors meeting held on 13 May 2022; common shares; retained earnings; 211,901; 2.00; 31 March 2022; 13 June 2022. The Company acquired treasury shares under the board resolution adopted on 11 March 2022. As a result, treasury shares increased by ¥34.487 million during the nine months ended 31 December 2022, and treasury shares amounted to ¥1,287.053 million at the end of the third quarter of the fiscal year.」
The Company continues to pay a dividend of ¥2 per share, totalling ¥211 million, and acquire treasury shares. Treasury share acquisitions amounted to ¥34.487 million on a cumulative quarterly basis. - FY2023-Q2RestatedAnnual report
「Under the board resolution adopted on 13 May 2022, the Company paid total dividends of ¥211.901 million, or ¥2.00 per share, during the six months ended 30 September 2022. It also acquired treasury shares under the board resolution adopted on 11 March 2022. As a result, treasury shares increased by ¥34.487 million during the six months ended 30 September 2022, and treasury shares amounted to ¥1,287.053 million at the end of the second quarter of the fiscal year.」
The Company continues to pay a dividend of ¥2 per share, totalling approximately ¥212 million, and acquire treasury shares. The latest treasury share acquisition amounted to ¥34.487 million, with no change indicated in the previous shareholder return policy. - FY2023-Q1AdvancedAnnual report
「At its meeting on 13 May 2022, the board resolved to pay a year-end dividend to shareholders recorded on the shareholder registry as of 31 March 2022 as follows: ① Total dividends: ¥211 million ② Dividend per share: ¥2.00. Under the board resolution adopted on 11 March 2022, the Company acquired 194,600 of its common shares during the first quarter of the fiscal year.」
The Company paid a year-end dividend of ¥2 per share, totalling ¥211 million, and also acquired 194,600 treasury shares for ¥34.487 million. It continues to return capital to shareholders through dividends and treasury share acquisitions. - FY2022AdvancedAnnual report
「For the year-end dividend from retained earnings, we set the dividend at ¥2 per share after taking the above policy and other factors into consideration. As a result, total dividends amounted to ¥211 million, and the payout ratio for the fiscal year was 22.3% (consolidated: 23.8%), while DOE (dividend on equity) was 1.7% (consolidated: 1.5%). Including ¥698 million in treasury share acquisitions based on board resolutions adopted on 12 February 2021, 13 August 2021 and 11 March 2022, total shareholder returns amounted to ¥910 million, and the total payout ratio was 94.5% (consolidated: 100.4%).」
The Company continued paying a dividend of ¥2 per share, reporting a payout ratio of 22.3% and DOE of 1.7%. Total shareholder returns, including ¥698 million in treasury share acquisitions, amounted to ¥910 million, resulting in a total payout ratio of 94.5%. - FY2022-Q3AdvancedAnnual report
「The Company had been acquiring 411,400 treasury shares under a board resolution adopted on 12 February 2021. Following the end of that acquisition period, it continued acquiring 2,645,900 treasury shares under a board resolution adopted on 13 August 2021. As a result, treasury shares increased by ¥547.084 million during the nine months ended 31 December 2021, and treasury shares amounted to ¥1,100.818 million at the end of the third quarter of the fiscal year.」
The Company continued acquiring treasury shares under a new board resolution after the previous acquisition period ended, acquiring 2,645,900 shares for ¥547.084 million during the cumulative quarter-to-date period. Including the ¥2-per-share dividend announced through the second quarter, shareholder returns continued to be implemented. - FY2022-Q2AdvancedAnnual report
「The Company had been acquiring 411,400 treasury shares under a board resolution adopted on 12 February 2021. Following the end of that acquisition period, it continued acquiring 1,773,900 treasury shares under a board resolution adopted on 13 August 2021. As a result, treasury shares increased by ¥408.225 million during the six months ended 30 September 2021, and treasury shares amounted to ¥961.959 million at the end of the second quarter of the fiscal year.」
After the previous treasury share acquisition period ended, the Company continued acquiring 1,773,900 shares under the resolution adopted on 13 August 2021. It also paid a dividend of ¥2 per share, totalling ¥217 million. - FY2021AdvancedAnnual report
「For the year-end dividend from retained earnings, we set the dividend at ¥2 per share after taking the above policy and other factors into consideration. As a result, total dividends amounted to ¥217 million, and the payout ratio for the fiscal year was 35.0% (consolidated: 17.7%), while DOE (dividend on equity) was 1.9% (consolidated: 1.7%).」
The Company moved away from its previous policy of paying no dividends and prioritising retained earnings, and paid a dividend of ¥2 per share. Total shareholder returns, including share repurchases, amounted to ¥567 million, resulting in a total payout ratio of 105.7%. - FY2021-Q3AdvancedAnnual report
「The company had acquired 511,700 treasury shares based on a resolution of the Board of Directors meeting held on 9 August 2019 and other resolutions. Following the end of that acquisition period, it continued acquiring 506,400 treasury shares based on a resolution of the Board of Directors meeting held on 11 August 2020. As a result, treasury shares increased by ¥206,166 thousand during the cumulative nine-month period and stood at ¥405,171 thousand at the end of the third-quarter consolidated accounting period.」
After the previous period for acquiring treasury shares ended, the Company continued acquiring 506,400 shares under a new board resolution, increasing the acquisition cost of treasury shares by ¥266.166 million. - FY2021-Q2AdvancedAnnual report
「The company had acquired 511,700 treasury shares based on a resolution of the Board of Directors meeting held on 9 August 2019. Following the end of that acquisition period, it continued acquiring 148,800 treasury shares based on a resolution of the Board of Directors meeting held on 11 August 2020.」
After the previous treasury share acquisition period ended, the company continued acquisitions under the resolution of 11 August 2020, acquiring 148,800 shares. The increase in treasury shares during the cumulative second-quarter period was ¥130 million. - FY2021-Q1AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 9 August 2019 and other resolutions, the company acquired 511,700 treasury shares. As a result, treasury shares increased by ¥97,919 thousand during the cumulative first-quarter period and stood at ¥296,924 thousand at the end of the first-quarter consolidated accounting period.」
With respect to the treasury share acquisition resolved as a means of returning profits to shareholders and implementing the capital policy, the company acquired 511,700 shares for ¥97,919 thousand during the quarter. - FY2020AdvancedAnnual report
「At an extraordinary meeting of the Company's Board of Directors held on 29 May 2020, approval was granted for consolidated subsidiary JALCO Co., Ltd. to pay a dividend through a disposition of surplus. The dividend was paid on 1 June 2020, and the non-consolidated company recorded dividend income of ¥670 million as non-operating income. Retained earnings are expected to be ¥1,223 million.」
Although the company continued to pay no dividend for the fiscal year, it paid a dividend of ¥670 million from a subsidiary, indicating that it had secured retained earnings at the parent company and established a framework for flexible dividends in the future. - FY2020-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 9 August 2019 and other resolutions, the company acquired 802,420 treasury shares. As a result, treasury shares increased by ¥168,110 thousand during the cumulative nine-month period and stood at ¥168,160 thousand at the end of the third-quarter consolidated accounting period.」
The company carried out the treasury share acquisition, acquiring 802,420 shares and increasing treasury shares by ¥168,110 thousand. This represents further progress from the acquisition results through the previous quarter. - FY2020-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 9 August 2019, the company acquired 177,600 treasury shares. As a result, treasury shares increased by ¥34,794 thousand during the cumulative six-month period, and stood at ¥34,845 thousand at the end of the second-quarter consolidated accounting period.」
With respect to the treasury share acquisition resolved in the previous quarter, the company acquired 177,600 shares for ¥34,794 thousand. - FY2020-Q1AdvancedAnnual report
「Treasury shares are being acquired to enable a flexible and agile capital policy and return profits to shareholders. Maximum number of shares to be acquired: 2,000,000 shares; maximum aggregate acquisition price: ¥500,000,000; acquisition period: 13 August 2019 to 12 February 2020; acquisition method: market purchases on the Tokyo Stock Exchange.」
The company resolved to acquire treasury shares as a means of returning profits to shareholders and implementing a flexible and agile capital policy, specifying a maximum acquisition of 2,000,000 shares, a maximum aggregate amount of ¥500 million and the acquisition period. - FY2019AdvancedAnnual report
「To achieve a flexible and agile capital policy and an arrangement enabling dividends to be paid at an early stage, the Company's extraordinary Board of Directors meeting held on 24 May 2019 approved a dividend by its consolidated subsidiary JALCO Co., Ltd. through a disposition of surplus. The dividend was paid on 4 June 2019, and the non-consolidated company recorded dividend income of ¥850 million as non-operating income. Retained earnings are expected to be ¥600 million.」
Although the company continued to pay no dividend for the fiscal year, it paid a dividend of ¥850 million from a subsidiary, indicating that it had secured retained earnings at the parent company and established a framework for flexible dividends in the future. - FY2019-Q3RestatedAnnual report
「1. Matters concerning dividends: Not applicable.」
The company stated that there were no matters concerning dividends for the cumulative third-quarter period and indicated no change in its stable dividend or retained earnings policy. - FY2019-Q2RestatedAnnual report
「1. Matters concerning dividends: Not applicable.」
The company stated that there were no matters concerning dividends for the cumulative second-quarter period and indicated no change in its dividend policy. - FY2018-Q3RestatedAnnual report
「Annualised ROE for the cumulative nine-month period was 14.0%, compared with 5.3% for the previous consolidated fiscal year.」
The company disclosed annualised ROE of 14.0%. No change in its stable dividend or retained earnings policy was stated. - FY2018-Q2RestatedAnnual report
「Annualised ROE for the cumulative six-month period was 21.4%, compared with 5.3% for the previous consolidated fiscal year.」
The company disclosed annualised ROE of 21.4%. No change in its dividend or retained earnings policy was stated. - FY2017RestatedAnnual report
「Although net income was recorded for the fiscal year, we regrettably paid no dividend, prioritising the strengthening of the corporate foundation and the accumulation of retained earnings.」
Although net income was recorded, the company prioritised strengthening its corporate foundation and accumulating retained earnings, and paid no dividend for the fiscal year. - FY2016First statedAnnual report
「Recognising that returning profits to shareholders is the most important management priority, our basic policy is to make decisions after taking comprehensive account of securing a stable management foundation, improving ROE (return on equity), continuing stable dividends, further strengthening business performance and competitiveness, and building retained earnings to prepare for future business development.」
The company paid no dividend for the year, prioritising the strengthening of its corporate foundation and retained earnings.