Balancing stable dividends with investment for growth
First written in FY2016. 24 of 37 entries say "Restated". Latest entry: 2026-08-04.
- 2026-08-04RaisedRevision of earnings forecasts
「The dividend forecast will also be revised based on calculations using the higher of the dividend target of a 50% payout ratio or DOE of 3.5%.」
Based on the dividend target calculation, the company raised its interim dividend forecast from ¥80 to ¥90, its year-end dividend forecast from ¥80 to ¥90, and its annual dividend forecast from ¥160 to ¥180. No change in the dividend target itself was stated. - FY2026RaisedAnnual report
「In the 13th Medium-Term Management Plan (fiscal years ending March 2027 to March 2031), announced on 13 May 2026, the Company set a target of either a consolidated dividend payout ratio of 50% or a dividend on equity (DOE) of 3.5%, whichever is higher, and also set a target of making flexible purchases of treasury shares.」
In addition to its previous stable dividend policy, the Company newly specified a numerical target of a consolidated dividend payout ratio of 50% or DOE of 3.5%, whichever is higher, as well as flexible purchases of treasury shares. - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2025, the following resolution was adopted concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥3,245 million (b) Dividend per share: ¥67.00」
The Company decided, by resolution of the Board of Directors, to pay an interim dividend of ¥67 per share. The previous year's ¥101 included a ¥63 commemorative dividend marking the 20th anniversary of the listing, and no change to the basic policy of balancing stable dividends and growth investment is stated. - FY2025-H1RaisedAnnual report
「At a meeting of the Board of Directors held on 1 November 2024, the following resolution was adopted concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥4,966 million (b) Dividend per share: ¥101.00」
The Company resolved to pay an interim dividend of ¥101 per share for the current fiscal year, an increase from ¥30 per share in the previous fiscal year. The dividend per share includes a ¥63 commemorative dividend marking the 20th anniversary of the listing. - FY2024-Q3RaisedAnnual report
「At a meeting of the Board of Directors held on 2 November 2023, the following resolution was adopted concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥1,492 million (b) Dividend per share: ¥30.00」
The Company resolved to pay an interim dividend of ¥30 per share for the current fiscal year, an increase from ¥26 per share in the previous fiscal year. The basic policy of balancing stable dividends and growth investment was continued. - FY2023RaisedAnnual report
「Based on the policy described above, the Company decided to pay an annual dividend of ¥56 per share, including an interim dividend of ¥26. As a result, the consolidated dividend payout ratio for the fiscal year was 29.1%.」
The dividend per share was increased from ¥52 in the previous fiscal year to ¥56. The basic policy of balancing stable dividends and growth investment was continued. - FY2023-Q3RestatedAnnual report
「Net cash used in financing activities was ¥3,093 million. This was mainly attributable to dividend payments of ¥2,583 million.」
During the nine-month period ended 31 December, the Company paid ¥2,583 million in dividends and continued its shareholder return policy, including stable dividends. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 4 November 2022, the following resolution was adopted concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥1,292 million (b) Dividend per share: ¥26.00」
The Company paid an interim dividend of ¥26 per share pursuant to a resolution of the Board of Directors and continued its shareholder return policy of balancing stable dividends and growth investment. - FY2023-Q1RestatedAnnual report
「Net cash used in financing activities was ¥1,367 million. This was mainly attributable to dividend payments of ¥1,262 million.」
The Company paid ¥1,262 million in dividends and continued its shareholder return policy of paying dividends while balancing growth investment. - FY2022-Q3RestatedAnnual report
「Net cash used in financing activities was ¥4,053 million. This was mainly attributable to dividend payments of ¥2,283 million and a net increase or decrease in short-term borrowings of ¥1,093 million.」
During the nine-month period ended 31 December, the Company paid ¥2,283 million in dividends and continued its shareholder return policy of paying dividends. - FY2022-Q2RaisedAnnual report
「At a meeting of the Board of Directors held on 4 November 2021, the following resolution was adopted concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥1,292 million (b) Dividend per share: ¥26.00」
The Company resolved to pay an interim dividend of ¥26 per share for the current fiscal year, an increase from ¥20 per share in the previous fiscal year. It continued its shareholder return policy of paying dividends while balancing growth investment. - FY2022-Q1RestatedAnnual report
「22 June 2021 Annual General Meeting of Shareholders 993 20.00 31 March 2021 23 June 2021」
Based on the resolution of the Annual General Meeting of Shareholders, the Company paid a dividend of ¥20 per share, totaling ¥993 million, and continued its shareholder return policy of paying dividends. - FY2021SoftenedAnnual report
「Based on the policy described above, the Company decided to pay an annual dividend of ¥40 per share, including an interim dividend of ¥20. As a result, the consolidated dividend payout ratio for the fiscal year was 44.5%.」
The basic policy of stable dividends and growth investment was maintained, but the dividend per share decreased from ¥58 in the previous fiscal year to ¥40. - FY2021-Q3RestatedAnnual report
「Net cash used in financing activities was ¥3,007 million. This was mainly attributable to dividend payments of ¥2,433 million.」
During the nine-month period ended 31 December, the Company paid ¥2,433 million in dividends and continued its shareholder return policy of paying dividends. - FY2021-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, the Company passed the following resolution concerning the interim dividend for the current fiscal year.」
The interim dividend for the current period was resolved at ¥20 per share, totaling ¥993 million. Although this was lower than the previous fiscal year's interim dividend of ¥29 per share, no change was reported in the shareholder return policy of paying dividends. - FY2021-Q1RestatedAnnual report
「23 June 2020 Annual General Meeting of Shareholders 1,440 29.00 31 March 2020 24 June 2020」
Based on a resolution at the annual general meeting of shareholders, the group paid a dividend of ¥29 per share, totaling ¥1,440 million, and continues its shareholder return policy, including stable dividends. - FY2020RaisedAnnual report
「Regarding dividends for the fiscal year, the Company decided, in accordance with the above policy, to pay a dividend of ¥58 per share, including an interim dividend of ¥29. As a result, the consolidated payout ratio for the fiscal year was 73.5%.」
The group continues its basic policy of balancing stable dividends with growth investment, and increased the dividend per share from ¥52 in the previous fiscal year to ¥58. - FY2020-Q3RestatedAnnual report
「Net cash used in financing activities was ¥8,849 million. This was mainly attributable to a net increase or decrease in short-term borrowings of ¥5,521 million and dividend payments of ¥2,881 million.」
The group paid ¥2,881 million in dividends during the first 3 quarters of the current consolidated fiscal year, providing evidence that its shareholder return policy, including stable dividends, remains in place. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 5 November 2019, the following resolution was passed regarding the interim dividend for the current period.」
The interim dividend was resolved at ¥29 per share, with total dividends of ¥1,440 million, continuing the shareholder return policy, including stable dividends. - FY2020-Q1RestatedAnnual report
「25 June 2019 Annual General Meeting of Shareholders 1,440 29.00 31 March 2019 26 June 2019」
Based on a resolution at the annual general meeting of shareholders, the group paid a dividend of ¥29 per share, totaling ¥1,440 million, and continues its shareholder return policy, including stable dividends. - FY2019RestatedAnnual report
「Regarding dividends for the fiscal year, the Company decided, in accordance with the above policy, to pay a dividend of ¥52 per share, including an interim dividend of ¥23. As a result, the consolidated payout ratio for the fiscal year was 22.1%.」
The group continues its basic policy of balancing growth investment with stable dividends, and the dividend per share increased from ¥42 in the previous fiscal year to ¥52. - FY2019-Q3RestatedAnnual report
「Net cash used in financing activities was ¥6,224 million. This was mainly attributable to a net increase or decrease in short-term borrowings of ¥3,802 million and dividend payments of ¥2,192 million.」
The group paid ¥2,192 million in dividends during the first 3 quarters of the current consolidated fiscal year, providing evidence that its shareholder return policy, including stable dividends, remains in place. - FY2019-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the following resolution was passed regarding the interim dividend for the current period.」
The interim dividend for the current period was resolved at ¥23 per share, with total dividends of ¥1,154 million, continuing the shareholder return policy, including stable dividends. - FY2019-Q1RestatedAnnual report
「At the annual general meeting of shareholders held on 19 June 2018, dividends for the first 3 quarters of the current consolidated fiscal year were resolved at total dividends of ¥1,053 million, or ¥21.00 per share.」
The group paid a dividend of ¥21 per share and continues its shareholder return policy, including stable dividends. - FY2018RestatedAnnual report
「Regarding dividends for the fiscal year, the Company decided, in accordance with the above policy, to pay a dividend of ¥42 per share, including an interim dividend of ¥21. As a result, the consolidated payout ratio for the fiscal year was 21.7%.」
The group continues its basic policy of balancing growth investment with stable dividends, and the dividend per share increased from ¥40 in the previous fiscal year to ¥42. - FY2018-Q3RestatedAnnual report
「Net cash used in financing activities was ¥3,627 million. This was mainly attributable to dividend payments of ¥2,039 million and a net increase or decrease in short-term borrowings of ¥1,382 million.」
The group paid ¥2,039 million in dividends during the first 3 quarters of the current consolidated fiscal year, providing evidence that its shareholder return policy, including stable dividends, remains in place. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 27 October 2017, the following resolution was adopted regarding the interim dividend for the current period.」
The interim dividend was resolved at ¥21 per share, with total dividends of ¥1,053 million, providing evidence that the policy of stable dividends remains in place. - FY2018-Q1RestatedAnnual report
「Net cash used in financing activities was ¥207 million. This was mainly attributable to dividend payments of ¥985 million and a net increase or decrease in short-term borrowings of ¥810 million.」
The group paid ¥985 million in dividends during the quarter, providing evidence that its shareholder return policy, including stable dividends, remains in place. - FY2017RestatedAnnual report
「Our basic policy is to make shareholder returns one of management's most important priorities, conduct the capital investment and research and development necessary for future growth, maintain and strengthen the Company's competitiveness to enhance corporate value, and continue to provide stable dividends after comprehensively considering consolidated results, the dividend payout ratio and other factors.」
The group continues its basic policy of balancing growth investment with stable dividends. For the current fiscal year, the dividend is ¥40 per share and the consolidated payout ratio is 27.9%. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2016, the following resolution was adopted regarding the interim dividend for the current period.」
The resolution and payment of an interim dividend of ¥20 per share were reported, continuing the policy of stable dividends. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2016, the following resolution was adopted regarding the interim dividend for the current period.」
The interim dividend was resolved at ¥20 per share, with total dividends of ¥1,003 million, continuing the policy of stable dividends. - FY2016First statedAnnual report
「Our basic policy is to make shareholder returns one of management's most important priorities, conduct the capital investment and research and development necessary for future growth, maintain and strengthen the Company's competitiveness to enhance corporate value, and continue to provide stable dividends after comprehensively considering consolidated results, the dividend payout ratio and other factors.」
For the fiscal year, the dividend was ¥40 per share, with a consolidated payout ratio of 32.6%. The basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend.