Shareholder-return policy targeting a 30% total payout ratio
First written in FY2016. 6 of 11 entries say "Softened", first in FY2018. Latest entry: 2026-05-28.
Japan Display moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
44 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There were no dividend payments.」
No dividends were paid during the interim consolidated accounting period, and the company remained in a no-dividend position. - FY2025SoftenedAnnual report
「For the fiscal year ending March 2026, we will continue efforts to improve business performance and our financial position. However, as we still need to secure working capital, we will continue to pay no dividend.」
The previous target of a 30% total payout ratio was not reiterated, and it was explicitly stated that the company would continue to pay no dividend for the fiscal year ending March 2026. - FY2024SoftenedAnnual report
「For the fiscal year ending March 2025, the company will continue efforts to improve business performance and its financial condition. However, because it also needs to secure funds for capital investment to support future growth, it will continue to pay no dividend.」
The company explicitly stated that its no-dividend policy would continue for the fiscal year ending March 2025, with the departure from the previous 30% total payout ratio target continuing. - FY2023SoftenedAnnual report
「For the fiscal year ending March 2024, the company will continue initiatives to improve its operating performance and financial position, but as it also needs to secure funds for capital investment to support future growth, it will continue to pay no dividends.」
The company explicitly stated that it would continue to pay no dividend for the fiscal year ending March 2024 and maintained a shareholder return policy that had moved away from the previous 30% total payout ratio target. - FY2022SoftenedAnnual report
「For the fiscal year ending March 2023, we will continue initiatives to improve business performance and financial condition, but as it is also necessary to secure funds for capital investment for future growth, we will continue not to pay a dividend.」
The company explicitly stated that it would continue paying no dividend for the fiscal year ending March 2023, maintaining a shareholder return policy that had moved away from the previous target of a 30% total payout ratio. - FY2019SoftenedAnnual report
「The Company will not pay a dividend for the next fiscal year, ending March 2020, because the difficult business environment is expected to continue and structural reforms are expected to be implemented.」
The company explicitly stated that it would pay no dividends not only for the current fiscal year but also for the fiscal year ending March 2020. The previous target of a 30% total payout ratio was omitted, further limiting the shareholder return policy. - FY2018SoftenedAnnual report
「For the consolidated fiscal year ended March 2018, the company posted a net loss due to the deterioration of the business environment and the recognition of extraordinary losses associated with structural reforms. It therefore regrettably decided not to pay a dividend. For the following fiscal year ending March 2019, the company will consider paying a year-end dividend after taking comprehensive account of factors including efforts to improve earnings and the level of performance.」
The previous 30% total payout ratio target was not included in the dividend policy for the current fiscal year. The policy for the current fiscal year was no dividend, while the dividend for the next fiscal year would be considered in light of business performance. - FY2017RestatedAnnual report
「As a medium-term shareholder-return target, the Company aims for a total payout ratio of 30%, combining dividends and share buybacks.」
The company reiterated its medium-term target of a total payout ratio of 30%. No dividend was paid for the fiscal year due to the net loss. - FY2016First statedAnnual report
「As a medium-term shareholder-return target, the Company aims for a total payout ratio of 30%, combining dividends and share buybacks.」
The company decided not to pay a dividend for the current fiscal year and stated that it plans to pay a year-end dividend for the next fiscal year if net income attributable to owners of the parent is recorded, while also setting a medium-term target for the total payout ratio.