Balancing Stable Dividends with Business Investment and Share Buybacks
First written in FY2017. 4 of 13 entries say "Softened", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Our basic dividend policy is to secure funds by ensuring earnings recovery, invest in business growth, and improve returns to shareholders through stable dividend increases in line with earnings, with a target payout ratio of 30%.」
Under a policy of stable dividend increases and a 30% payout ratio target, the Company acquired 564,500 treasury shares and cancelled 700,000 shares, and made capital expenditure and research and development investments. - FY2025RaisedAnnual report
「Our basic dividend policy is to secure funds by ensuring earnings recovery, invest in business growth, and improve returns to shareholders through stable dividend increases in line with earnings, with a target payout ratio of 30%.」
The previous policy of balancing stable dividends with business investment was supplemented by performance-based dividend increases and a 30% payout ratio target, making the shareholder return policy more specific and proactive. - FY2025-H1Added the increase in the interim dividend from ¥6 to ¥7.5 per shareAnnual report
「1 Total interim dividend ¥164.324 million 2 Interim dividend per share ¥7.5」
The interim dividend for the current period was ¥7.5 per share, up from ¥6.0 in the same period of the previous year. No change was stated to the basic policy of balancing stable and continuous returns to shareholders with the strengthening of the financial position. - FY2024-Q2SoftenedAnnual report
「1 Total interim dividend ¥131.502 million 2 Interim dividend per share ¥6.0」
The interim dividend for the current period was ¥6.0 per share, down from ¥7.5 in the same period of the previous year. No change to the stable dividend policy itself was explained, but the dividend paid decreased. - FY2023RestatedAnnual report
「Our basic dividend policy is to provide stable and ongoing returns to shareholders while strengthening our financial position and management base as we maintain sustainable growth.」
The Company continues to pursue a basic policy of balancing stable and continuous returns to shareholders with the strengthening of its financial position and management foundation. - FY2023-Q2SoftenedAnnual report
「Interim dividend per share ¥7.5」
The interim dividend for the period was ¥7.5 per share, down from ¥10 in the same period of the previous year. No change to the stable dividend policy itself was explained, but the actual dividend paid declined further. - FY2022SoftenedAnnual report
「In consideration of the balance between stable dividends, the Company's basic policy, and business performance, the year-end dividend was set at ¥5 per share.」
The basic policy of stable and ongoing returns to shareholders was maintained, but after considering the balance with performance, the year-end dividend was ¥5 and the annual dividend was ¥15. - FY2020SoftenedAnnual report
「Our basic dividend policy is to provide stable and ongoing returns to shareholders while strengthening our financial position and management base as we maintain sustainable growth. We judged that stabilising the financial base and prioritising the securing of funds from a medium- to long-term perspective would contribute to enhancing corporate value in the future, and therefore set the dividend at ¥10 per share, a reduction of ¥7 from the previously announced dividend forecast.」
The basic policy of stable and ongoing returns to shareholders was maintained, but the year-end dividend was reduced in response to rapid changes in the business environment, with priority given to stabilising the financial base and securing funds. - FY2019RestatedAnnual report
「Our basic dividend policy is to provide stable and ongoing returns to shareholders while strengthening our financial position and management base as we maintain sustainable growth.」
The dividend policy of balancing the strengthening of the financial position and management base with stable and ongoing returns to shareholders continues. - FY2018RestatedAnnual report
「Our basic dividend policy is to provide stable dividends on an ongoing basis in line with performance, while balancing returns to shareholders with strengthening the Company's business base in preparation for future business development.」
The basic policy of balancing stable dividends with future business development and strengthening the corporate base was reiterated, including the allocation of retained earnings to capital expenditure and research and development investment and appropriate consideration of share buybacks. - FY2017First statedAnnual report
「Our basic dividend policy is to provide stable dividends on an ongoing basis in line with performance, while balancing returns to shareholders with strengthening the Company's business base in preparation for future business development.」
The basic policy was recorded for the first time as balancing stable dividends with strengthening the corporate base, allocating retained earnings to capital expenditure and research and development investment, and appropriately considering share buybacks.