Shareholder Return Policy Based on a 50% Payout Ratio as the General Rule
First written in FY2016. 11 of 17 entries say "Restated". Latest entry: 2026-09-29.
51 other companies' latest entry also says "Raised".
- 2026-09-29Raisedfinance.yahoo.co.jp
「Along with the earnings outperformance, the annual dividend was also raised from the previous forecast of ¥41 to ¥79.」
It has been reported that the annual dividend forecast for the fiscal year ending March 2027 was raised from ¥41 to ¥79. - FY2025RestatedAnnual report
「Under this policy, dividends are generally set at 50% of net income, representing a 50% dividend payout ratio. ... Retained earnings are used mainly to fund research and development and new business initiatives based on the medium- to long-term growth strategy, with the company working continuously to enhance corporate value.」
The company has reaffirmed its capital policy of setting a 50% dividend payout ratio as the general rule and using retained earnings for research and development and new business initiatives. - FY2023RestatedAnnual report
「Retained earnings are used mainly to fund research and development and new business initiatives based on the medium- to long-term growth strategy, with the company working continuously to enhance corporate value.」
The company has reaffirmed its capital policy of setting a 50% dividend payout ratio as the general rule and using retained earnings for research and development and new business initiatives. - FY2022Explicit statement of the uses of retained earningsAnnual report
「Retained earnings are used mainly to fund research and development and new business initiatives based on the medium- to long-term growth strategy, with the company working continuously to enhance corporate value.」
In addition to its policy based on a 50% dividend payout ratio and retained earnings equivalent to approximately 3 years of selling, general and administrative expenses, the company explicitly states that the main uses of retained earnings are research and development and new business initiatives. - FY2020Explicit rule providing for consideration of the prior year's dividend levelAnnual report
「If the dividend calculated using a 50% payout ratio is lower than the prior year's dividend, the company will consider the dividend amount with reference to the previous dividend level after securing an appropriate level of retained earnings. The company gives priority to consolidated financial results when determining the dividend payout ratio.」
In addition to its policy based in principle on a 50% dividend payout ratio, the company has explicitly stated that it will take the dividend level into consideration if the calculated dividend is lower than the prior year's dividend, and that consolidated financial results will take priority in its decision-making. - FY2019RestatedAnnual report
「Under this policy, dividends are generally set at 50% of net income, representing a 50% dividend payout ratio. ... The company retains earnings equivalent to approximately 3 years of selling, general and administrative expenses, while also placing importance on management that takes capital efficiency and other factors into account from the perspective of enhancing corporate value, and implements capital policies after giving due consideration to the balance between the two.」
The company has maintained a policy emphasizing a 50% dividend payout ratio, retained earnings equivalent to approximately 3 years of selling, general and administrative expenses, and the balance with capital efficiency. - FY2018RestatedAnnual report
「The company retains earnings equivalent to approximately 3 years of selling, general and administrative expenses as an appropriate level relative to the scale of its business, while also placing importance on management that takes capital efficiency and other factors into account from the perspective of enhancing corporate value, and implements capital policies after giving due consideration to the balance between the two.」
The company has reaffirmed its emphasis on balancing retained earnings equivalent to approximately 3 years of selling, general and administrative expenses with capital efficiency, in addition to its policy based in principle on a 50% dividend payout ratio. - FY2017RestatedAnnual report
「Under this policy, dividends are generally set at 50% of net income, representing a 50% dividend payout ratio. In addition, the company retains earnings equivalent to approximately 3 years of selling, general and administrative expenses as an appropriate level relative to the scale of its business.」
In addition to the policy based in principle on a 50% dividend payout ratio, the company states a retained earnings policy targeting approximately 3 years of selling, general and administrative expenses. - FY2016First statedAnnual report
「Under this policy, dividends are generally set at 50% of net income, representing a 50% dividend payout ratio.」
The company has stated a policy based in principle on a 50% dividend payout ratio, taking into account the balance between shareholder returns and retained earnings.