Profit distribution with a medium-term target of a 20% consolidated dividend payout ratio
First written in FY2017. 14 of 26 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-05.
30 other companies' latest entry also says "Raised".
- 2026-08-05RaisedEarnings
「Fiscal year ending March 2027 (forecast) 25.00 – 25.00 50.00」
The forecast called for an interim dividend of ¥25, a year-end dividend of ¥25 and an annual dividend of ¥50 for the fiscal year ending March 2027, representing an increase from the previous fiscal year's annual dividend of ¥37. - FY2026Treasury shares acquired and cancelled; total payout ratio at 60.7%Annual report
「Pursuant to a resolution of the Board of Directors meeting held on 11 November 2025, the Company acquired 1,933,600 treasury shares. The Company cancelled 1,933,600 treasury shares as of 31 March 2026. The total payout ratio for the fiscal year was 60.7%.」
Against the resolution authorizing the acquisition of up to 2.5 million treasury shares for ¥1.5 billion, the Company acquired 1,933,600 shares and cancelled all of them. The total payout ratio was 60.7%, against the target of at least 60%. - FY2026-H1AdvancedAnnual report
「Total number of shares that may be acquired: 2,500,000 shares (maximum) Total acquisition cost of shares: ¥1,500,000,000 (maximum) Acquisition period: 12 November 2025 to 13 March 2026 Scheduled cancellation date: 31 March 2026」
Against a backdrop of targets including a total payout ratio of at least 60%, annual dividends of at least ¥32 per share and a DOE of more than 3.0%, the Company resolved to acquire up to 2.5 million treasury shares for a total maximum amount of ¥1.5 billion and cancel all acquired shares. - FY2025Annual dividend and DOE targets added to total payout targetsAnnual report
「The Company will maintain a total payout ratio of at least 60%. During the current medium-term management plan period (fiscal 2024–2028), annual dividends per share will be at least ¥32, and the Company will aim for a DOE of more than 3.0%.」
In addition to a total payout ratio of at least 60%, the basic capital policy expressly sets annual dividends of at least ¥32 per share and a DOE of more than 3.0% for fiscal 2024–2028. The total payout ratio for the fiscal year was 76.9%. - FY2025-H1AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 13 May 2024, the Company acquired 2,261,000 treasury shares. Pursuant to the same resolution, the Company cancelled 2,261,000 treasury shares as of 30 September 2024.」
The Company acquired 2,261,000 treasury shares and cancelled them as of 30 September 2024. Acquisition expenditures amounted to ¥1.5 billion, representing the concrete implementation of shareholder returns and the capital policy. - FY2024RaisedAnnual report
「The total payout ratio during the medium-term management plan period is set at 60% or higher.」
The target was raised from at least 35% under the previous medium-term plan for fiscal 2019–2023 to at least 60% for the medium-term plan period covering fiscal 2024–2028. - FY2024-Q3RestatedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 11 May 2023, the Company acquired 1,770,800 treasury shares. Pursuant to the same resolution, the Company cancelled 1,770,800 treasury shares as of 29 September 2023.」
The acquisition of 1,770,800 treasury shares pursuant to the resolution of 11 May 2023 and their cancellation as of 29 September 2023 were reconfirmed in the notes on shareholders’ equity and other items. - FY2024-Q2AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 11 May 2023, the Company acquired 1,770,800 treasury shares. Pursuant to the same resolution, the Company cancelled 1,770,800 treasury shares as of 29 September 2023.」
Following the acquisition of 1,770,800 treasury shares pursuant to the resolution of 11 May 2023, the Company cancelled the shares as of 29 September 2023. The acquisition and cancellation of treasury shares were completed concretely. - FY2024-Q1AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 11 May 2023, the Company acquired 1,770,800 treasury shares. As a result, including acquisitions through the purchase of shares constituting less than one trading unit, treasury shares increased by ¥1,000 million during the three-month period ended the first quarter of the current consolidated fiscal year, reaching ¥2,936 million at the end of the first quarter of the current consolidated fiscal year.」
Pursuant to the resolution of 11 May 2023, the Company acquired 1,770,800 treasury shares, and an increase of ¥1,000 million resulting from the acquisition of treasury shares was recorded for the current year-to-date period. - FY2023RaisedAnnual report
「The Company has set a medium-term target total payout ratio of at least 35%.」
The medium-term target total payout ratio was raised from the previous 25% to at least 35%. The total payout ratio for the fiscal year, including the acquisition and cancellation of treasury shares, was 46.6%. - FY2023-Q3RestatedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 13 May 2022, the Company acquired 2,420,800 treasury shares. As a result, including acquisitions through the purchase of shares constituting less than one trading unit, treasury shares increased by ¥1,000 million during the nine-month period ended the third quarter of the current consolidated fiscal year. Pursuant to the same resolution, the Company cancelled 2,420,800 treasury shares as of 30 September 2022.」
The acquisition of 2,420,800 treasury shares and their cancellation as of 30 September 2022 were also confirmed in the notes on shareholders’ equity and other items. - FY2023-Q2AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 13 May 2022, the Company acquired 2,420,800 treasury shares. As a result, including acquisitions through the purchase of shares constituting less than one trading unit, treasury shares increased by ¥1,000 million during the six-month period ended the second quarter of the current consolidated fiscal year. Pursuant to the same resolution, the Company cancelled 2,420,800 treasury shares as of 30 September 2022.」
The Company acquired 2,420,800 treasury shares for ¥1 billion and cancelled the shares as of 30 September 2022. Shareholder returns and the capital policy were implemented concretely through the acquisition and cancellation of treasury shares. - FY2023-Q1AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 13 May 2022, the Company acquired 1,676,100 treasury shares. As a result, including acquisitions through the purchase of shares constituting less than one trading unit, treasury shares increased by ¥700 million during the three-month period ended the first quarter of the current consolidated fiscal year, reaching ¥2,539 million at the end of the first quarter of the current consolidated fiscal year.」
The Company acquired 1,676,100 treasury shares, and an increase of ¥700 million resulting from the acquisition of treasury shares was recorded for the current year-to-date period. Concrete implementation of shareholder returns and the capital policy is progressing. - FY2022-Q3AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 5 November 2021, the Company acquired 2,388,300 treasury shares. As a result, including acquisitions through the purchase of shares constituting less than one trading unit, treasury shares increased by ¥943 million during the nine-month period ended the third quarter of the current consolidated fiscal year, reaching ¥2,562 million at the end of the third quarter of the current consolidated fiscal year.」
The Company’s acquisition of 2,388,300 treasury shares resolved in the previous quarter is disclosed, indicating concrete progress in its capital policy, including the 25% total payout ratio. - FY2022-Q2AdvancedAnnual report
「Total number of shares that may be acquired: 3,000,000 shares (maximum) Total acquisition cost of shares: ¥1,200,000,000 (maximum) Acquisition period: 8 November 2021 to 15 March 2022」
As part of shareholder returns and a flexible capital policy, the Company resolved to acquire up to 3 million treasury shares for a total maximum amount of ¥1.2 billion and cancel all acquired shares on 31 March 2022. - FY2021-Q2No expenditures for the acquisition of treasury shares incurred.Annual report
「Expenditures for the acquisition of treasury shares △0 △703」
Expenditures for the acquisition of treasury shares during the six-month period ended the second quarter were zero, down from ¥703 million in the same period of the previous year. No change to the profit-return policy itself was stated. - FY2020RestatedAnnual report
「While targeting a medium-term consolidated payout ratio of 20%, the Company will determine dividends for each period after comprehensively considering business performance, funding needs and other factors. The Company will implement financial measures that contribute to enhancing corporate value, including the acquisition and cancellation of treasury shares.」
The policy of returning profits through a 20% consolidated payout ratio, twice-yearly dividends and the acquisition of treasury shares continued to be stated in the annual disclosure. - FY2020-Q2AdvancedAnnual report
「Expenditures for the acquisition of treasury shares △ 0 △ 703」
Expenditures of ¥703 million for the acquisition of treasury shares were recorded during the six-month period ended the second quarter, confirming the implementation of shareholder return measures including treasury share acquisitions. - FY2020-Q1AdvancedAnnual report
「Treasury shares acquired on 28 June 2019 pursuant to a resolution of the Board of Directors meeting held on 27 June 2019 are not included in the number of treasury shares at the end of the first quarter of the current consolidated fiscal year because settlement took place on 3 July 2019.」
The Company’s acquisition of treasury shares on 28 June 2019 is identified as a specific financial measure related to the 25% total payout ratio target. - FY2019RaisedAnnual report
「The management targets under this medium-term management plan are as follows. • Total payout ratio: 25% (five-year average)」
While maintaining the previous medium-term consolidated payout ratio target of 20%, the new medium-term management plan expanded the return metric and its scope by setting a target total payout ratio of 25% as a five-year average, including the acquisition of treasury shares and other measures. - FY2018RestatedAnnual report
「The Company will set dividends for each period after comprehensively considering business performance, funding needs and other factors, while targeting a consolidated payout ratio of 20% over the medium term. Dividends will generally be paid twice a year. The Company will respond flexibly to changes in the business environment and implement financial measures that contribute to enhancing corporate value, including the acquisition and cancellation of treasury shares.」
The policy of returning profits through a 20% consolidated payout ratio, dividends paid twice a year in principle, and the acquisition and cancellation of treasury shares continues. - FY2017First statedAnnual report
「The Company will set dividends for each period after comprehensively considering business performance, funding needs and other factors, while targeting a consolidated payout ratio of 20% over the medium term. Dividends will generally be paid twice a year. The Company will respond flexibly to changes in the business environment and implement financial measures that contribute to enhancing corporate value, including the acquisition and cancellation of treasury shares.」
While maintaining the required level of shareholders’ equity, the Company has set a medium-term consolidated payout ratio target of 20% and identified twice-yearly dividends, the acquisition and cancellation of treasury shares, and other measures as financial policies.