Balancing Stable Dividends with Retained Earnings
First written in FY2016. 14 of 31 entries say "Restated". Latest entry: 2026-09-15.
- 2026-09-15RaisedDividends
「We will return profits to shareholders with a target payout ratio of 35%, while strengthening our financial position, preparing for funding needs associated with future business development, and taking into comprehensive consideration each period’s results and financial condition while giving due consideration to stable dividends. Our basic policy is to pay dividends twice a year, consisting of an interim dividend and a year-end dividend.」
After reconfirming the policy of stable dividends, returning profits with a target payout ratio of 35% and paying dividends twice a year, the company set a planned interim dividend of ¥37 per share for the fiscal year ending March 2027. The planned interim dividend is higher than the ¥20 interim dividend for the previous fiscal year and the ¥73 annual dividend for the fiscal year ending March 2026. However, formal approval will be made by the Board of Directors at a meeting scheduled for late October 2026. - FY2026RaisedAnnual report
「With respect to the dividend from retained earnings for the fiscal year, taking into consideration the performance trend and financial condition for the fiscal year and the future business environment, an interim dividend of ¥20 per share will be paid, and a year-end dividend of ¥53 per share is scheduled to be resolved and paid at the Annual General Meeting of Shareholders scheduled for 23 June 2026.」
Under the policy of targeting a 35% payout ratio and paying dividends twice a year, the annual dividend is expected to be ¥73, up from ¥55 in the previous fiscal year. Meanwhile, the interim dividend decreased from ¥25 to ¥20. - FY2026-H1Interim dividend changed from ¥25 to ¥20Annual report
「24 October 2025 Board of Directors Common shares 102,333 20.00 30 September 2025 26 November 2025 Retained earnings」
The policy of ongoing and stable returns of profits has been maintained, but the interim dividend based on 30 September 2025 was ¥20 per share, down from ¥25 in the previous interim period. - FY2025AdvancedAnnual report
「The basic policy is to pay dividends twice a year, consisting of an interim dividend and a year-end dividend. An interim dividend of ¥25 per share will be paid, and a year-end dividend of ¥30 per share is scheduled to be resolved and paid at the Annual General Meeting of Shareholders scheduled for 20 June 2025.」
In addition to the existing policy of stable dividends and retained earnings, the Company explicitly adopted dividends twice a year as a basic policy. An interim dividend of ¥25 has been paid and a year-end dividend of ¥30 is planned. The annual dividend is expected to be ¥55. - FY2025-H1Interim dividend addedAnnual report
「25 October 2024 Board of Directors Common shares 127,916 25.00 30 September 2024 16 December 2024 Retained earnings」
Under the existing policy of stable dividends and retained earnings, the Company resolved to pay an interim dividend of ¥25 per share, with 30 September 2024 as the record date. - FY2024ReframedAnnual report
「The Company's basic policy is to return profits to shareholders with a target payout ratio of 35%, while strengthening its financial position, preparing for the funding needs of future business development, and taking stable dividends into consideration in making a comprehensive assessment of performance and financial condition each fiscal year. The dividend from retained earnings for the fiscal year has been set at ¥70 per share, taking into consideration the performance trend and financial condition for the fiscal year and the future business environment.」
In addition to the previous policy of retained earnings and stable dividends, the Company explicitly set a target payout ratio of 35%. The dividend per share for the fiscal year was ¥70. - FY2024-Q3RestatedAnnual report
「23 June 2023 Annual General Meeting of Shareholders Common shares 186,188 35.00 31 March 2023 26 June 2023 Retained earnings」
A dividend of ¥35 per share was paid for the fiscal year ended March 2023, reaffirming the Company's track record of ongoing and stable returns of profits. - FY2024-Q2RestatedAnnual report
「The Company's performance is significantly affected by fluctuations in economic conditions and the market environment, making future forecasts difficult. Under these circumstances, the Company will prepare for the funding needs of future business development and ensure that it can continue to pursue flexible operating strategies even if it experiences a temporary downturn in performance, while seeking to provide shareholders with ongoing and stable returns of profits.」
The Company has reaffirmed its policy of seeking ongoing and stable returns of profits while preparing for future business development and temporary downturns in performance. - FY2023-Q3RestatedAnnual report
「24 June 2022 Annual General Meeting of Shareholders Common shares 186,188 35.00 31 March 2022 27 June 2022 Retained earnings」
A dividend of ¥35 per share was paid for the fiscal year ended March 2022, and the policy of balancing retained earnings with ongoing and stable returns of profits has been continued. - FY2023-Q2RestatedAnnual report
「The Company will prepare for the funding needs of future business development so that it can continue to pursue flexible operating strategies even if it experiences a temporary downturn in performance, while seeking to provide shareholders with ongoing and stable returns of profits.」
The Company has reaffirmed its policy of balancing funds secured for future business development with ongoing and stable returns of profits. - FY2023-Q1RestatedAnnual report
「Common shares 186,188 35.00 31 March 2022 27 June 2022 Retained earnings」
A dividend of ¥35 per share for the fiscal year ended March 2022 was paid during the cumulative first quarter, reaffirming the latest dividend level. - FY2022SoftenedAnnual report
「The dividend from retained earnings for the fiscal year has been set at ¥35 per share, taking into consideration the performance trend for the fiscal year and the future business environment.」
The basic policy of stable dividends and strengthening the financial position has been maintained. The dividend per share decreased from ¥80 before the stock split to ¥35, but the previous year's dividend was equivalent to ¥40 after adjusting for the stock split, so it has decreased even after the split adjustment. - FY2022-Q1RestatedAnnual report
「22 June 2021 Annual General Meeting of Shareholders Common shares 212,789 80.00 31 March 2021 23 June 2021 Retained earnings」
The ¥80 per share dividend determined in the previous fiscal year was paid during the cumulative first quarter. - FY2021RaisedAnnual report
「The dividend from retained earnings for the fiscal year has been set at ¥80.00 per share, taking into consideration the performance trend for the fiscal year and the future business environment.」
While maintaining the basic policy of stable dividends and retained earnings, the dividend per share was increased from ¥22.50 in the previous fiscal year to ¥80. - FY2021-Q2RestatedAnnual report
「The Company has consistently worked to strengthen its retained earnings and, during the cumulative second quarter and as of the filing date of this document, has not raised funds through borrowings from financial institutions or other sources, apart from borrowings related to margin transactions. The Company will continue to strengthen its retained earnings while seeking to provide shareholders with ongoing and stable returns of profits.」
The Company has reaffirmed its policy of balancing stronger retained earnings with ongoing and stable returns of profits. - FY2020RaisedAnnual report
「The dividend from retained earnings for the fiscal year has been set at ¥22.50 per share, taking into consideration the performance trend for the fiscal year and the future business environment.」
While maintaining the basic policy of stable dividends and retained earnings, the dividend per share was increased from ¥12.50 in the previous fiscal year to ¥22.50. - FY2020-Q3RestatedAnnual report
「Common shares 33,248 12.5 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥12.5 per share was paid, and no change to the basic policy on stable dividends and retained earnings was disclosed. - FY2020-Q2RestatedAnnual report
「Common shares 33,248 12.5 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥12.5 per share was paid, and the basic policy of stable dividends and retained earnings has been continued. - FY2020-Q1RestatedAnnual report
「Common shares 33,248 12.50 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥12.50 per share was paid for the fiscal year ended March 2019, and no change to the basic policy on stable dividends and retained earnings was disclosed. - FY2019SoftenedAnnual report
「The dividend from retained earnings for the fiscal year was set at ¥12.50 per share, taking into account the trend in performance during the fiscal year and the future business environment.」
The basic policy of stable dividends and retained earnings was maintained, but the dividend per share decreased from ¥25 in the previous fiscal year to ¥12.50. - FY2018RaisedAnnual report
「The dividend from retained earnings for the fiscal year has been set at ¥25 per share, taking into consideration the performance trend for the fiscal year and the future business environment.」
While maintaining the basic policy of stable dividends and retained earnings, the dividend per share was increased from ¥12.50 in the previous fiscal year to ¥25. - FY2018-Q3RestatedAnnual report
「Common shares 33,249 12.50 31 March 2017 26 June 2017 Retained earnings」
The company paid a dividend of ¥12.50 per share, and no change in the basic policy of stable dividends and retained earnings is described. - FY2018-Q2RestatedAnnual report
「Common shares 33,249 12.50 31 March 2017 26 June 2017 Retained earnings」
The company paid a dividend of ¥12.50 per share, and no change in the basic policy of stable dividends and retained earnings is described. - FY2018-Q1RestatedAnnual report
「Common shares 33,249 12.50 31 March 2017 26 June 2017 Retained earnings」
The company paid a dividend of ¥12.50 per share. No change in the basic policy of stable dividends and retained earnings is described. - FY2017Increase in dividend per share to ¥12.50Annual report
「The dividend from retained earnings for the fiscal year was set at ¥12.50 per share, taking into account the trend in performance during the fiscal year and the future business environment.」
While maintaining its basic policy of stable dividends and retained earnings, the company set the dividend per share for the fiscal year at ¥12.50. - FY2017-Q1Increase in Dividend per ShareAnnual report
「Common shares 26,599 10.00 31 March 2016 27 June 2016 Retained earnings」
The company paid a dividend of ¥10.00 per share during the cumulative period of the current first quarter. This was an increase from ¥7.50 in the cumulative period of the previous first quarter, but no change in the basic policy of stable dividends and retained earnings is described. - FY2016First statedAnnual report
「The company’s basic policy is to build retained earnings to strengthen its financial position and support future business development, while paying dividends based on performance each fiscal year with consideration given to maintaining stable dividends.」
The company describes a basic policy of balancing retained earnings for financial strengthening and business development with stable dividends.