Dividend Policy Targeting a 35% Consolidated Dividend Payout Ratio
First written in FY2017-Q1. 20 of 31 entries say "Restated". Latest entry: 2026-08-07.
- 2026-08-07RestatedEarnings
「Whether there has been a revision to the most recently announced dividend forecast: No」
The annual dividend forecast of ¥33 per share for the fiscal year ending March 2027, comprising an interim dividend of ¥16 and a year-end dividend of ¥17, remained unchanged from the most recent forecast. - FY2026AchievedAnnual report
「As a result, including the interim dividend of ¥15 per share already paid, the annual dividend amounted to ¥33 per share.」
Against the YSP2026 policy of a minimum dividend of ¥31 per share, the Company paid an annual dividend of ¥33, exceeding the minimum by ¥2. The policy of targeting a payout ratio of 35% or higher also continues. - FY2025AchievedAnnual report
「As a result, including the interim dividend of ¥15 per share already paid, the annual dividend amounted to ¥31 per share.」
Against the YSP2026 shareholder return policy of a minimum dividend of ¥31 per share, the Company paid an annual dividend of ¥31 for the fiscal year ending March 2025, comprising ¥15 for the interim dividend and ¥16 for the year-end dividend. - FY2025-H1RestatedAnnual report
「In addition, regarding the interim dividend for the 80th fiscal year (from 1 April 2024 to 31 March 2025), the Board of Directors resolved at its meeting held on 12 November 2024 to pay an interim dividend to shareholders recorded on the shareholder register as of 30 September 2024.」
The Company continued shareholder returns through dividends, setting the interim dividend with 30 September 2024 as the record date at ¥15 per share, totaling ¥366 million. No change to the policy of a payout ratio of 35% or higher and a minimum dividend of ¥31 per share has been disclosed. - FY2024RaisedAnnual report
「This basic policy also continues under the new medium-term management plan, which targets a consolidated payout ratio of 35% or higher. In addition, YSP2026 sets a minimum dividend of ¥31 per share and provides for flexible share buybacks in consideration of earnings and dividend levels.」
In addition to a payout ratio of 35% or higher, YSP2026 sets a minimum dividend of ¥31 per share and calls for flexible share buybacks, expanding the commitment to shareholder returns. - FY2024-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2023, the Company resolved to pay an interim dividend to shareholders recorded on the final shareholder register as of 30 September 2023, as follows: ① Total dividends: ¥315 million ② Dividend per share: ¥13.00」
The Company continued shareholder returns through dividends and resolved to pay an interim dividend of ¥13 per share, totaling ¥315 million, with 30 September 2023 as the record date. - FY2024-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2023, the Company resolved to pay an interim dividend to shareholders recorded on the final shareholder register as of 30 September 2023, as follows: ① Total dividends: ¥315 million ② Dividend per share: ¥13.00」
The Company continued shareholder returns through dividends and resolved to pay an interim dividend of ¥13 per share, totaling ¥315 million, with 30 September 2023 as the record date. - FY2024-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 11 May 2023, the Company resolved to pay a year-end dividend to shareholders recorded on the final shareholder register as of 31 March 2023, as follows: ① Total dividends: ¥434 million ② Dividend per share: ¥18.00 ③ Effective date of the dividend payment claim and payment commencement date: 15 June 2023」
The Company paid a year-end dividend of ¥18 per share for fiscal 2022, totaling ¥434 million. This confirms the continuation of shareholder returns through dividends. - FY2023AchievedAnnual report
「As a result, including the interim dividend of ¥7 per share already paid, the annual dividend is ¥25 per share and the payout ratio is 42.4%.」
Against a target payout ratio of 35% or higher, the Company paid an annual dividend of ¥25 per share, representing a payout ratio of 42.4%. The year-end dividend was increased from the initial forecast of ¥14 to ¥18. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2022, the Company resolved to pay an interim dividend to shareholders recorded on the final shareholder register as of 30 September 2022, as follows: ① Total dividends: ¥168 million ② Dividend per share: ¥7.00」
The Company resolved to pay an interim dividend of ¥7 per share, totaling ¥168 million, with 30 September 2022 as the record date. No change to the policy of targeting a payout ratio of 35% or higher has been disclosed. - FY2022AchievedAnnual report
「With shareholder returns centered on dividends, we aim to provide sustainable dividends while setting a target dividend payout ratio of at least 35%. Including the interim dividend of ¥6 per share already paid, this results in an annual dividend of ¥13 per share and a dividend payout ratio of 35.6%.」
Against the YSP2023 target dividend payout ratio of at least 35%, the dividend payout ratio for the fiscal year was 35.6%. The company paid an interim dividend of ¥6, a year-end dividend of ¥7, and an annual dividend of ¥13 per share. - FY2022-Q2RestatedAnnual report
「At a Board of Directors meeting held on 11 November 2021, the company resolved to pay an interim dividend as follows to shareholders recorded on the final shareholder register as of 30 September 2021.」
The company resolved to pay an interim dividend of ¥6 per share, totaling ¥144 million, with 30 September 2021 as the record date. - FY2021RaisedAnnual report
「With shareholder returns centered on dividends, we aim to provide sustainable dividends while setting a target dividend payout ratio of at least 35%.」
The company changed its target from the previous consolidated dividend payout ratio of 35% to a minimum target of 35% or more. Although it reported a net loss for the fiscal year, it paid a year-end dividend of ¥13 per share. - FY2021-Q2SoftenedAnnual report
「At a Board of Directors meeting held on 10 November 2020, the company resolved not to pay an interim dividend for the 76th fiscal year, from 1 April 2020 to 31 March 2021.」
The company resolved not to pay an interim dividend for fiscal 2020. Although the text does not indicate any change to the 35% target consolidated dividend payout ratio itself, the interim dividend for the period was not paid. - FY2020-Q3RestatedAnnual report
「This basic policy also continues under the new medium-term management plan, YSP2020, which targets a consolidated dividend payout ratio of 35%. We will continue working to provide proactive shareholder returns.」
The company continues its 35% target consolidated dividend payout ratio and proactive shareholder returns under YSP2020. - FY2020-Q2RestatedAnnual report
「This basic policy also continues under the new medium-term management plan, YSP2020, which targets a consolidated dividend payout ratio of 35%.」
The company continues its 35% target consolidated dividend payout ratio and proactive shareholder returns under YSP2020. It also resolved to pay an interim dividend of ¥12 per share to shareholders of record as of 30 September 2019. - FY2020-Q1RestatedAnnual report
「This basic policy also continues under the new medium-term management plan, YSP2020, which targets a consolidated dividend payout ratio of 35%. We will continue working to provide proactive shareholder returns.」
The company continues its 35% target consolidated dividend payout ratio and proactive shareholder returns under YSP2020. - FY2019RestatedAnnual report
「This basic policy also continues under the new medium-term management plan, YSP2020, which targets a consolidated dividend payout ratio of 35%.」
The company continued its 35% target consolidated dividend payout ratio under YSP2020. Although net income declined sharply due to an impairment loss at its Indian operations, it maintained a year-end dividend of ¥23 per share, resulting in an annual dividend of ¥46 and a consolidated dividend payout ratio of 271.5%. - FY2019-Q3RestatedAnnual report
「This basic policy continues under the new medium-term management plan, which also sets a target consolidated dividend payout ratio of 35%.」
The company has reconfirmed that it will continue to target a consolidated dividend payout ratio of 35% under YSP2020. - FY2019-Q2RestatedAnnual report
「This basic policy continues under the new medium-term management plan, which also sets a target consolidated dividend payout ratio of 35%.」
The company has reconfirmed that it will continue to target a consolidated dividend payout ratio of 35% under YSP2020. - FY2019-Q1RestatedAnnual report
「This basic policy continues under the new medium-term management plan, which also sets a target consolidated dividend payout ratio of 35%.」
After achieving a consolidated dividend payout ratio of 35% during the YSP2017 period, the company continued the same 35% target under the new medium-term management plan. - FY2018-Q3RestatedAnnual report
「Under YSP2017, we changed our dividend policy from “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company has reiterated its target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017. - FY2018-Q2RestatedAnnual report
「Under YSP2017, we changed our dividend policy from “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company continues to target a consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017. It also resolved to pay an interim dividend of ¥25 per share for the second quarter. - FY2018-Q1RestatedAnnual report
「Under YSP2017, we changed our dividend policy from “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company continues to target a consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017. - FY2017RestatedAnnual report
「We announced that our dividend policy would change from the previous “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company maintained its target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017 and paid a dividend of ¥58 per share in fiscal 2016. - FY2017-Q3RestatedAnnual report
「Under YSP2017, we changed our dividend policy from “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company has reiterated the policy change from stable dividends to a target dividend payout ratio of 35% for fiscal 2015 through fiscal 2017. - FY2017-Q2RestatedAnnual report
「Under YSP2017, we changed our dividend policy from “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company has reiterated the policy change from stable dividends to a target dividend payout ratio of 35% for fiscal 2015 through fiscal 2017. - FY2017-Q1First statedAnnual report
「Under YSP2017, we changed our dividend policy from “stable dividends” to “setting a target dividend payout ratio,” with a target consolidated dividend payout ratio of 35% for fiscal 2015 through fiscal 2017.」
The company changed its policy from stable dividends to setting a target dividend payout ratio, with a target of 35% for fiscal 2015 through fiscal 2017.