Stable dividends with a consolidated dividend payout ratio of 25% as a benchmark
First written in FY2016. 10 of 31 entries say "Restated". Latest entry: 2026-09-02.
- FY2026Increase in annual dividendsAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥66 per share for the fiscal year, comprising an interim dividend of ¥32 per share and a year-end dividend of ¥34 per share. As a result, the consolidated payout ratio for the fiscal year was 31.9%.」
The annual dividend increased to ¥66 per share from ¥62 in the previous fiscal year. The policy of a 40% total shareholder return ratio on a five-year cumulative basis, based on profit before amortization associated with growth investments, remains in place. - FY2026-H1Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 5 November 2025, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2025 as the record date. (1) Total dividends: ¥6,570 million (2) Dividend per share: ¥32.00」
The interim dividend increased to ¥32 per share from ¥30 in the same period of the previous year. No change to the shareholder return policy itself was disclosed. - FY2025Increase in annual dividendsAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥62 per share for the fiscal year, comprising an interim dividend of ¥30 per share and a year-end dividend of ¥32 per share. As a result, the consolidated payout ratio for the fiscal year was 32.1%.」
The annual dividend increased to ¥62 per share from ¥60 in the previous fiscal year, and the consolidated payout ratio was 32.1%. The policy of a 40% total shareholder return ratio on a five-year cumulative basis remains in place. - FY2025-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 1 November 2024, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2024 as the record date. (1) Total dividends: ¥6,238 million (2) Dividend per share: ¥30.00」
The interim dividend was ¥30 per share, at the same level as the ¥30 paid in the same period of the previous year. No substantive change to the shareholder return policy was disclosed. - FY2024Increase in annual dividend and implementation of shareholder return policyAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥60 per share for the fiscal year, comprising an interim dividend of ¥30 per share and a year-end dividend of ¥30 per share. As a result, the consolidated payout ratio for the fiscal year was 30.6%.」
The annual dividend increased to ¥60 per share from ¥46 in the previous fiscal year, and the consolidated payout ratio was 30.6%. The policy of a 40% total shareholder return ratio on a five-year cumulative basis also remains in place. - FY2024-Q2Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 2 November 2023, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2023 as the record date. (1) Total dividends: ¥6,350 million (2) Dividend per share: ¥30.00」
The interim dividend increased to ¥30 per share from ¥23 in the same period of the previous year. No change to the stable dividend or total shareholder return policy was disclosed. - FY2023RaisedAnnual report
「Going forward, over the five-year cumulative period from the fiscal year ending March 2023 through the fiscal year ending March 2027, we will seek to achieve a total shareholder return ratio of 40% based on profit before amortization of goodwill and intangible assets arising from the growth investments set out in the medium-term vision.」
The policy was expanded from the previous stable dividend policy based on a target payout ratio to a policy of achieving a total shareholder return ratio of 40% over the five-year cumulative period from the fiscal year ending March 2023 through the fiscal year ending March 2027, based on profit before amortization associated with growth investments. The dividend for the fiscal year was ¥46 per share, and the consolidated payout ratio was 24.9%. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2022, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2022 as the record date. (1) Total dividends: ¥4,829 million (2) Dividend per share: ¥23.00」
Under the stable dividend policy of using a 30% payout ratio as a guideline, an interim dividend of ¥23 per share was paid. - FY2023-Q2Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 31 October 2022, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2022 as the record date. (1) Total dividends: ¥4,829 million (2) Dividend per share: ¥23.00」
The interim dividend increased to ¥23 per share from ¥21 in the same period of the previous year. No change to the stable dividend policy of using a 30% payout ratio as a guideline was disclosed. - FY2022Increase in annual dividendsAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥44 per share for the fiscal year, comprising an interim dividend of ¥21 per share and a year-end dividend of ¥23 per share. As a result, the consolidated payout ratio for the fiscal year was 31.4%, and the payout ratio was 72.1%.」
Under the stable dividend policy of using a 30% payout ratio as a guideline, the annual dividend increased to ¥44 per share from ¥42 in the previous fiscal year. The consolidated payout ratio was 31.4%. - FY2022-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 29 October 2021, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2021 as the record date. (1) Total dividends: ¥4,409 million (2) Dividend per share: ¥21.00」
Under the stable dividend policy of using a 30% payout ratio as a guideline, an interim dividend of ¥21 per share was approved. This was at the same level as the interim dividend for the previous fiscal year. - FY2021Increase in annual dividendsAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥42 per share for the fiscal year, comprising an interim dividend of ¥21 per share and a year-end dividend of ¥21 per share. As a result, the consolidated payout ratio for the fiscal year was 36.9%, and the payout ratio was 42.5%.」
Under the stable dividend policy of using a 30% payout ratio as a guideline, the annual dividend increased to ¥42 per share from ¥41 in the previous fiscal year. - FY2021-Q2Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2020 as the record date. (1) Total dividends: ¥4,409 million (2) Dividend per share: ¥21.00」
The interim dividend increased to ¥21 per share from ¥20 in the same period of the previous year. No change to the policy of using a 30% payout ratio as a guideline was disclosed. - FY2020Increase in annual dividendsAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥41 per share for the fiscal year, comprising an interim dividend of ¥20 per share and a year-end dividend of ¥21 per share. As a result, the consolidated payout ratio for the fiscal year was 23.3%, and the payout ratio was 15.4%.」
The annual dividend increased to ¥41 per share from ¥38 in the previous fiscal year. The consolidated payout ratio for the fiscal year was 23.3% under the policy of using a 30% payout ratio as a guideline for the fiscal year ending March 2022. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2019 as the record date. (1) Total dividends: ¥4,199 million (2) Dividend per share: ¥20.00」
The interim dividend was paid at ¥20 per share, maintaining the level disclosed in the previous quarter. No change to the policy of using a 30% payout ratio as a guideline was disclosed. - FY2020-Q2Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2019 as the record date. (1) Total dividends: ¥4,199 million (2) Dividend per share: ¥20.00」
The interim dividend increased to ¥20 per share from ¥18 in the same period of the previous year. No change to the policy of using a 30% payout ratio as the guideline for the fiscal year ending March 2022 was disclosed. - FY2020-Q1RaisedAnnual report
「As part of this policy, we set a stable dividend with a target payout ratio of approximately 30% for the fiscal year ending March 2022. We also adopted a policy of implementing share repurchases and other measures appropriately, taking into consideration the financial position, share price trends and other factors, in order to pursue a flexible capital policy that responds to changes in the business environment.」
The policy was raised from the previous policy of using a consolidated payout ratio of approximately 25% as a guideline to a policy of using a payout ratio of approximately 30% as the target for the fiscal year ending March 2022. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2018 as the record date. (1) Total dividends: ¥4,004 million (2) Dividend per share: ¥18.00」
The interim dividend was paid at ¥18 per share, continuing dividends at the same level as in the previous quarter. - FY2019-Q2Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2018 as the record date. (1) Total dividends: ¥4,004 million (2) Dividend per share: ¥18.00」
The interim dividend increased to ¥18 per share from ¥16 in the same period of the previous year. No change to the stable dividend policy itself was disclosed. - FY2019-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 14 May 2018, the following resolution was passed concerning the distribution of surplus (year-end dividend) with 31 March 2018 as the record date. (1) Total dividends: ¥4,048 million (2) Dividend per share: ¥18.00」
The year-end dividend was approved at ¥18 per share, continuing stable dividends in line with the annual dividend policy for the previous fiscal year. - FY2018Increase in annual dividendsAnnual report
「Taking into consideration the financial position and other factors for the fiscal year, we paid a dividend of ¥34 per share for the fiscal year, comprising an interim dividend of ¥16 per share and a year-end dividend of ¥18 per share. As a result, the payout ratio for the fiscal year was 29.4% and the consolidated payout ratio was 22.1%.」
While maintaining the stable dividend policy of using a consolidated payout ratio of approximately 25% as a guideline, the annual dividend was ¥34 per share, comprising an interim dividend of ¥16 and a year-end dividend of ¥18. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2017, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2017 as the record date. (1) Total dividends: ¥3,598 million (2) Dividend per share: ¥16.00 (3) Effective date of dividend claim and payment commencement date: 4 December 2017」
The interim dividend was paid at ¥16 per share, continuing stable dividends at the same level as in the previous disclosure. - FY2018-Q2Increase in interim dividendAnnual report
「At a meeting of the Board of Directors held on 31 October 2017, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2017 as the record date. (1) Total dividends: ¥3,598 million (2) Dividend per share: ¥16.00」
The interim dividend increased to ¥16 per share from ¥15 in the previous fiscal year's interim dividend. No change to the stable dividend policy, which uses a consolidated payout ratio of approximately 25% as a guideline, was disclosed. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2016, the following resolution was passed concerning the distribution of surplus (interim dividend) with 30 September 2016 as the record date. (1) Total dividends: ¥3,396 million (2) Dividend per share: ¥15.00」
An interim dividend totaling ¥3,396 million, or ¥15 per share, was paid, 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 passed concerning the distribution of surplus (interim dividend) with 30 September 2016 as the record date. (1) Total dividends: ¥3,396 million (2) Dividend per share: ¥15.00」
An interim dividend totaling ¥3,396 million, or ¥15 per share, was approved, confirming the payment of stable dividends. - FY2016First statedAnnual report
「Our basic policy for profit distribution is to distribute profits to shareholders in line with the profits generated by business activities, and we will continue stable dividends with a consolidated payout ratio of approximately 25% as a guideline.」
The policy is to maintain stable dividends with a consolidated payout ratio of approximately 25% while securing retained earnings required to strengthen the financial position and fund growth investments.