Stable dividends and retained earnings for future investment
First written in FY2016. 11 of 37 entries say "Restated". Latest entry: 2026-11-12.
- FY2026RaisedAnnual report
「For the next fiscal year, the fiscal year ending March 2027, we plan to provide stable and continuous returns to shareholders, targeting a payout ratio of 40%, as stated in the new medium-term management plan, “TRS Vision-2030,” announced on 14 May 2026.」
The policy has been raised from the previous target of a payout ratio of at least 30% to a target payout ratio of 40% from the fiscal year ending March 2027 onward. The annual dividend is stated as ¥65 for the current fiscal year and a planned ¥77 for the next fiscal year. - FY2026-H1Increase in the final and interim dividendsAnnual report
「26 June 2025 Annual General Meeting of Shareholders Common shares 306,599 Retained earnings 32.50 31 March 2025 27 June 2025 13 November 2025 Board of Directors Common shares 276,190 Retained earnings 29.00 30 September 2025 8 December 2025」
The final dividend for the fiscal year ended March 2025 was ¥32.50 per share, and the interim dividend for the fiscal year ending March 2026 was ¥29, both increases from the previous year's final dividend of ¥14 and interim dividend of ¥13. No change to the policy of maintaining stable dividends and targeting a payout ratio of at least 30% is stated. - FY2025RaisedAnnual report
「Our basic policy on profit allocation is to continue paying stable dividends to shareholders and target a payout ratio of at least 30%, while taking into account the strengthening of our corporate structure, the enhancement of retained earnings to prepare for future business development and other factors. For the current fiscal year, we plan to approve and pay an annual dividend of ¥45.50 per share, including an interim dividend of ¥13.00, at the Annual General Meeting of Shareholders scheduled for 26 June 2025.」
In addition to the existing stable dividend policy, the company explicitly stated a policy of targeting a payout ratio of at least 30%. The annual dividend was increased from ¥23 in the previous fiscal year to ¥45.50, and the interim dividend became ¥13. - FY2025-H1Increase in Interim DividendAnnual report
「At the Board of Directors meeting held on 8 November 2024, the following resolution was passed concerning the interim dividend for the current period. (a) Total dividends ¥122,640 thousand (b) Dividend per share ¥13.00」
The interim dividend for the current period was approved at ¥13 per share, an increase from ¥9 in the same period of the previous year. No change to the stable dividend policy itself is stated. - FY2024Increase in the annual dividendAnnual report
「For the current fiscal year, the annual dividend is ¥23 per share, including an interim dividend of ¥9.」
While maintaining the stable dividend policy, the annual dividend was increased from ¥16 in the previous fiscal year to ¥23, and the interim dividend was increased from ¥8 to ¥9. The final dividend is ¥14. - FY2024-Q2Increase in Interim DividendAnnual report
「At the Board of Directors meeting held on 10 November 2023, the following resolution was passed concerning the interim dividend for the current period. (a) Total dividends ¥84,491 thousand (b) Dividend per share ¥9.00」
The interim dividend for the current period was approved at ¥9 per share, an increase from ¥8 in the same period of the previous year. No change to the stable dividend policy itself is stated. - FY2024-Q1RestatedAnnual report
「29 June 2023 Annual General Meeting of Shareholders Common shares 75,103 8.00 31 March 2023 30 June 2023」
A final dividend of ¥8 per share was paid for the fiscal year ended March 2023. This is consistent with the previously stated stable dividend policy and the annual dividend of ¥16, with no new policy change. - FY2023Increase in the annual dividendAnnual report
「For the current fiscal year, the annual dividend is ¥16 per share, including an interim dividend of ¥8.」
While maintaining the stable dividend policy, the annual dividend was increased from ¥15 per share in the previous fiscal year to ¥16. - FY2023-Q3RestatedAnnual report
「At the Board of Directors meeting held on 11 November 2022, the following resolution was passed concerning the interim dividend for the current period. (a) Total dividends ¥115,103 thousand (b) Dividend per share ¥8.00 (c) Effective date of dividend payment claim and payment commencement date 6 December 2022」
The approval and payment of the ¥8-per-share interim dividend are restated, with no change to the stable dividend policy itself stated. - FY2023-Q2RestatedAnnual report
「At the Board of Directors meeting held on 11 November 2022, the following resolution was passed concerning the interim dividend for the current period. (a) Total dividends ¥115,103 thousand (b) Dividend per share ¥8.00 (c) Effective date of dividend payment claim and payment commencement date 6 December 2022」
The interim dividend for the current period was approved at ¥8 per share, the same amount as the previous year's interim dividend. No change to the stable dividend policy is stated. - FY2022-Q2Increase in Interim DividendAnnual report
「12 November 2021 Board of Directors Common shares 115,103 Retained earnings 8.00 30 September 2021 6 December 2021」
The interim dividend for the current period was approved at ¥8 per share, an increase from the previous year's interim dividend of ¥7.50. - FY2022-Q1RestatedAnnual report
「25 June 2021 Annual General Meeting of Shareholders Common shares 107,909 Retained earnings 7.50 31 March 2021 28 June 2021」
The company paid a final dividend of ¥7.50 per share for the fiscal year ended March 2021. This was the same as the previous year's final dividend, with no change to the dividend policy indicated. - FY2021-Q1Payment of the ¥7.50 final dividendAnnual report
「25 June 2020 Annual General Meeting of Shareholders Common shares 107,909 Retained earnings 7.50 31 March 2020 26 June 2020」
The company paid a final dividend of ¥7.50 per share for the fiscal year ended March 2020. - FY2020Increase in the annual dividendAnnual report
「The dividend for the current fiscal year is ¥15.00 per share, including an interim dividend of ¥7.50, under the basic policy of maintaining stable dividends on a continuing basis.」
While maintaining its stable dividend policy, the company increased the annual dividend from ¥12 per share in the previous fiscal year to ¥15 and the interim dividend from ¥6.50 to ¥7.50. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividends ¥107.909 million (b) Amount per share ¥7.50 (c) Effective date of dividend payment claim and payment commencement date 6 December 2019」
The resolution and payment of the ¥7.50 per-share interim dividend are reproduced, with no change to the stable dividend policy itself indicated. - FY2020-Q2Increase in Interim DividendAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividends ¥107.909 million (b) Amount per share ¥7.50 (c) Effective date of dividend payment claim and payment commencement date 6 December 2019」
An interim dividend of ¥7.50 per share was approved, an increase from ¥6.50 in the same period of the previous year. No change to the stable dividend policy itself is indicated. - FY2020-Q1RestatedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 79,133 Retained earnings 5.50 31 March 2019 28 June 2019」
A final dividend of ¥5.50 per share was paid for the fiscal year ended March 2019. This was the same as the previous fiscal year's final dividend, with no substantive change to the stable dividend policy indicated. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2018, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividends ¥93.521 million (b) Amount per share ¥6.50 (c) Effective date of dividend payment claim and payment commencement date 6 December 2018」
The resolution and payment of the ¥6.50 per-share interim dividend are reproduced, confirming the dividend payment record, including the increase in the interim dividend. - FY2019-Q2Increase in Interim DividendAnnual report
「At a meeting of the Board of Directors held on 9 November 2018, the following resolution was passed regarding the interim dividend for the current fiscal year. (a) Total dividends ¥93.521 million (b) Amount per share ¥6.50 (c) Effective date of dividend payment claim and payment commencement date 6 December 2018」
An interim dividend of ¥6.50 per share was approved, an increase from the previous fiscal year's interim dividend of ¥5.50. - FY2019-Q1Payment of the ¥5.50 final dividendAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares 79,133 Retained earnings 5.50 31 March 2018 29 June 2018」
The company paid a final dividend of ¥5.50 per share for the fiscal year ended March 2018. This confirms the payment made under the previous year's annual dividend policy, with no new change to the dividend policy indicated for the current quarter. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2017, the following resolution was passed regarding the interim dividend for the current fiscal year. (b) Amount per share ¥5.50」
The payment resolution and amount for the interim dividend of ¥5.50 per share approved in the previous quarter are reproduced. - FY2018-Q2Increase in Interim DividendAnnual report
「(b) Amount per share ¥5.50」
An interim dividend of ¥5.50 per share was approved, with 30 September 2017 as the record date, an increase from the previous fiscal year's interim dividend of ¥5.00. - FY2017Increase in the annual dividendAnnual report
「The dividend for the current fiscal year is ¥10.00 per share, including an interim dividend of ¥5.00, under the basic policy of maintaining stable dividends on a continuing basis.」
While maintaining its stable dividend policy, the company increased the annual dividend from ¥8 per share in the previous fiscal year to ¥10 and the interim dividend from ¥4 to ¥5. - FY2017-Q2Increase in Interim DividendAnnual report
「(b) Amount per share ¥5」
An interim dividend of ¥5 per share was approved, with 30 September 2016 as the record date, an increase from ¥4 in the same period of the previous year. - FY2017-Q1Increase in Dividend Track RecordAnnual report
「29 June 2016 Annual General Meeting of Shareholders Common shares 57,552 Retained earnings 4.00 31 March 2016 30 June 2016」
A dividend of ¥4.00 per share was paid during the cumulative consolidated first quarter, an increase from ¥3.75 per share in the same period of the previous year. - FY2016First statedAnnual report
「The basic policy is to continue paying stable dividends to shareholders while considering the strengthening of the corporate structure and the need to build up retained earnings in preparation for future business development, among other factors.」
The dividend for the current fiscal year is ¥8 per share, and retained earnings are to be used for investment in strengthening development, technology and production capabilities.