Balancing Long-Term EPS Growth with an 80% Total Payout Ratio
First written in FY2019. 8 of 13 entries say "Restated". Latest entry: FY2026.
38 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We will use a payout ratio of 30–40% as a guideline and provide stable dividends and other shareholder returns. We also target consolidated ROE of at least 15% and will seek to optimize the balance sheet while returning capital to shareholders through dividends and share repurchases.」
The company has reconfirmed its policy of stable dividends, with a payout ratio of 30–40% as a guideline, combined with dividends, share repurchases and balance-sheet optimization. - FY2025ReframedAnnual report
「We will use a payout ratio of 30–40% as a guideline and provide stable dividends and other shareholder returns.」
The company has moved from the 80% total payout ratio policy applied through the fiscal year ended March 2023 to a policy centered on stable dividends, with a payout ratio of 30–40% as a guideline. - FY2025-H1AdvancedAnnual report
「Annual General Meeting of Shareholders held on 26 June 2024; common shares; shares of subsidiary; ¥14,689 million; 30 September 2024; 1 October 2024」
While continuing cash dividends, the company distributed Shimadaya shares valued at ¥14,689 million to shareholders as an in-kind dividend of subsidiary shares on 1 October 2024, putting its capital policy into concrete action. - FY2024-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 13 November 2023, the company resolved the following regarding the interim dividend for the current fiscal year: (a) Total dividends: ¥1,005 million; (b) Amount per share: ¥60」
The company resolved to pay total interim dividends of ¥1,005 million, or ¥60 per share, continuing its policy of stable dividends. - FY2024-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 18 May 2023, the company resolved to pay dividends from surplus as follows: (b) Amount per share: ¥60.00」
The company paid a year-end dividend of ¥60 per share for the fiscal year ended March 2023, continuing its policy of stable dividends. - FY2023SoftenedAnnual report
「This policy applied for the 5 years from the fiscal year ending March 2017 through the fiscal year ending March 2021, but will continue to apply for the 2 fiscal years from the fiscal year ending March 2022 through the fiscal year ending March 2023, after which it will be reviewed. Going forward, while maintaining stable dividends, the company is currently working diligently to implement a large-scale capital policy plan, as described in the notice titled "Notice Regarding the Start of Preparations for a Stock Distribution-Type Spin-Off of Our Consolidated Subsidiary Shimadaya Corporation and the Start of Preparations for Its Listing," released on 23 January 2023. We intend to consider a new basic policy once there is a clear outlook for implementing these capital policies.」
The 80% total payout ratio target has reached the end of its application period through the fiscal year ending March 2023. While stable dividends will be maintained, the company is now at the stage of considering a new basic policy based on progress in capital policies, including the spin-off. - FY2022-Q2RestatedAnnual report
「② To balance and implement long-term growth in net income per share based on the capital policy with growth based on the medium-term vision」
The company has reiterated balancing long-term growth in net income per share based on its capital policy with growth based on its medium-term vision as a management priority. It also resolved to pay an interim dividend of ¥50 per share in the current quarter. - FY2021RaisedAnnual report
「Specifically, we are targeting a total payout ratio of 80% through stable dividends and share repurchases for the 5 fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2021, and will continue the same target for the 2 fiscal years from the fiscal year ending March 2022 through the fiscal year ending March 2023.」
The 80% total payout ratio target was extended from the 5 fiscal years through the fiscal year ending March 2021 to the 2 fiscal years ending March 2022 and March 2023. The company also indicated a policy of paying an annual dividend of ¥80 per share for the next fiscal year. - FY2020RestatedAnnual report
「For the period from the fiscal year ending March 2017 through the fiscal year ending March 2021, we are targeting a total payout ratio of 80% through stable dividends and share repurchases.」
The company has reconfirmed its 80% total payout ratio target for the period from the fiscal year ending March 2017 through the fiscal year ending March 2021, and the means of achieving it through stable dividends and share repurchases. - FY2020-Q1RestatedAnnual report
「For the period from the fiscal year ending March 2017 through the fiscal year ending March 2021, we are targeting a total payout ratio of 80% through stable dividends and share repurchases.」
The company has reconfirmed its 80% total payout ratio target for the period from the fiscal year ending March 2017 through the fiscal year ending March 2021, and the means of achieving it through stable dividends and share repurchases. - FY2019First statedAnnual report
「As objective management indicators, we are pursuing business activities that balance investment for growth with stable shareholder returns, with long-term growth in net income per share as our top priority. Specifically, for the 5 fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2021, we are targeting a total payout ratio of 80% through stable dividends and share repurchases.」
The company has for the first time explicitly stated its goal of balancing long-term growth in net income per share with stable shareholder returns, setting a total payout ratio of 80% for the 5 fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2021, to be achieved through stable dividends and share repurchases.