Balance Among Shareholder Returns, Growth Investment and Retained Earnings
First written in FY2016. 7 of 15 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-07-31.
- FY2026AdvancedAnnual report
「As part of our shareholder return measures, we acquired and cancelled treasury shares to increase per-share value and improve capital efficiency.」
The policy of returning value to shareholders and improving capital efficiency was implemented during the full fiscal year through the acquisition of 11,177,700 treasury shares, expenditure of approximately ¥20 billion and cancellation of those shares. - FY2026-H1AdvancedAnnual report
「As part of our shareholder return measures, we acquired and cancelled treasury shares to increase per-share value and improve capital efficiency.」
The policy of returning value to shareholders and improving capital efficiency was implemented through the acquisition of 4,454,900 treasury shares for approximately ¥7.145 billion and the cancellation of 11,177,700 shares, representing 5.1% of the total number of issued shares before cancellation. - FY2025ReframedAnnual report
「The shareholder return policy adopts DOE (dividend on equity) to provide stable and continuous returns over the medium to long term, with a target of approximately 3%.」
Recast the policy from one centred on the total payout ratio to one focused on balancing growth investment, financial soundness and shareholder returns, with a DOE target of 3%. - FY2023RaisedAnnual report
「During the period of the Second Medium-Term Management Plan from fiscal 2022 through fiscal 2024, we will prioritise "stable dividends plus performance-linked dividends," pay dividends based on the higher of 25% for the individual fiscal year or ¥20, and target a 3-year cumulative average total payout ratio of 35%.」
Added an annual dividend criterion for the period of the Second Medium-Term Management Plan and a 3-year cumulative average total payout ratio target of 35% to the profit allocation policy. - FY2023-Q1AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 April 2022, we acquired 1,791,200 treasury shares.」
Implemented the share repurchase specified in the shareholder return policy. - FY2022RaisedAnnual report
「Our basic policy is to determine the allocation of profit based on consolidated performance, taking into account the balance among (1) returns to shareholders, (2) research and development and capital investment for future business development and strengthening competitiveness, and (3) retained earnings, while also actively adopting shareholder return measures such as share repurchases in line with excess capital and financial capacity.」
In addition to the previous balance among dividends, growth investment and retained earnings, explicitly stated that share repurchases would be actively used as a means of returning value to shareholders in line with excess capital and financial capacity. - FY2020RaisedAnnual report
「In addition, while maintaining a balance between growth investment and improving capital efficiency, we have established as a general principle that (1) the total payout ratio should be maintained at 30% of consolidated net income, and (2) the total payout ratio should be 50%, particularly during the 3-year period from fiscal 2019 through fiscal 2021.」
In addition to the previous policy of balancing shareholder returns, investment and retained earnings, established specific return targets of a 30% total payout ratio, and 50% from fiscal 2019 through fiscal 2021. - FY2017RestatedAnnual report
「Our basic policy is to determine the allocation of profit based on the consolidated performance of the electronic components business, taking into account the balance among (1) returns to shareholders, (2) research and development and capital investment for future business development and strengthening competitiveness, and (3) retained earnings.」
Reaffirmed the balance among shareholder returns, research and development and capital investment, and retained earnings as the basic policy for profit allocation. - FY2016First statedAnnual report
「Our basic policy is to determine the allocation of profit based on the consolidated performance of the electronic components business, taking into account the balance among (1) returns to shareholders, (2) research and development and capital investment for future business development and strengthening competitiveness, and (3) retained earnings.」
The basic policy for profit allocation is to balance the three elements of dividends, research and development and capital investment, and retained earnings.