Shareholder returns based on a 50% payout ratio or 3% DOE
First written in FY2016. 30 of 38 entries say "Restated". Latest entry: 2026-08-03.
- 2026-08-03RaisedRevision of earnings forecasts
「In accordance with our basic dividend policy of using a payout ratio of 80% as the basis for total dividends, we will revise our forecast for the second-quarter-end dividend for the fiscal year ending March 2027 from ¥48 to ¥86 per share and our year-end dividend forecast from ¥57 to ¥90 per share. As a result, the annual dividend is expected to be ¥176 per share.」
While maintaining its policy of using an 80% payout ratio as the basis for total dividends, the company raised its second-quarter-end dividend forecast from ¥48 to ¥86 per share, its year-end dividend forecast from ¥57 to ¥90, and its annual dividend forecast from ¥105 to ¥176. - FY2026Annual dividend increased from ¥103 to ¥111.5Annual report
「The year-end dividend for the current fiscal year is ¥75.50 per share, including a commemorative dividend of ¥7.50. As a result, the annual dividend for the fiscal year ending March 2026 will be ¥111.50 per share, including the interim dividend of ¥36.00 per share.」
The policy based on an 80% dividend payout ratio has been maintained, and the annual dividend increased from ¥103 in the previous fiscal year to ¥111.50. The year-end dividend includes a commemorative dividend of ¥7.50 per share. - FY2026-H1Interim dividend changed from ¥39 to ¥36Annual report
「In addition, regarding the interim dividend for the 74th fiscal year, from 1 April 2025 to 31 March 2026, the Company resolved at a meeting of the Board of Directors held on 4 November 2025 to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2025, as follows: ① Total dividends: ¥464.050 million ② Dividend per share: ¥36」
No change to the existing policy based on an 80% dividend payout ratio has been indicated. The interim dividend changed from ¥39 in the same period of the previous year to ¥36. - FY2025Annual dividend changed from ¥120 to ¥103Annual report
「The basic dividend policy is to pay dividends based on a payout ratio of 80% of total dividends, while comprehensively taking into account the profit situation in each fiscal year and future business development, and also considering retained earnings for capital investment, personnel development and other purposes aimed at strengthening the competitiveness of core businesses. The Company generally pays dividends twice a year, consisting of an interim dividend and a year-end dividend. The year-end dividend for the current fiscal year will be ¥64 per share. As a result, the annual dividend for the fiscal year ending March 2025 will be ¥103 per share, including the interim dividend of ¥39 per share.」
The policy based on an 80% dividend payout ratio has been maintained, and the annual dividend for the fiscal year ending March 2025 was ¥103, comprising an interim dividend of ¥39 and a year-end dividend of ¥64 per share. - FY2025-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 1 November 2024, the Company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2024, as follows: ① Total dividends: ¥550.336 million ② Dividend per share: ¥39」
Under the existing policy based on an 80% dividend payout ratio, the Company resolved to pay an interim dividend of ¥39 per share, totaling ¥550.336 million, with 30 September 2024 as the record date. - FY2024RestatedAnnual report
「Dividend payout ratio: The basic policy is to pay dividends based on a payout ratio of 80% of total dividends, while comprehensively taking into account the profit situation in each fiscal year and future business development, and also considering retained earnings for capital investment, personnel development and other purposes aimed at strengthening the competitiveness of core businesses.」
The policy based on an 80% dividend payout ratio has been maintained. The annual dividend for the fiscal year ending March 2024 is ¥120, comprising an interim dividend of ¥53 and a year-end dividend of ¥67 per share. - FY2024-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 1 November 2023, the Company resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2023, as follows: ① Total dividends: ¥747.042 million ② Dividend per share: ¥53」
Under the existing policy based on an 80% dividend payout ratio, the Company resolved to pay an interim dividend of ¥53 per share, totaling ¥747.042 million, with 30 September 2023 as the record date. - FY2024-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 25 May 2023, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 31 March 2023, as follows: ① Total dividends: ¥1,607.005 million ② Dividend per share: ¥114」
Under the existing policy based on an 80% dividend payout ratio, the Company resolved to pay and paid a year-end dividend of ¥114 per share, totaling ¥1,607.005 million, for the fiscal year ended March 2023. - FY2023RestatedAnnual report
「Dividend payout ratio: The basic policy is to pay dividends based on a payout ratio of 80% of total dividends, while comprehensively taking into account the profit situation in each fiscal year and future business development, and also considering retained earnings for capital investment, personnel development and other purposes aimed at strengthening the competitiveness of core businesses.」
The 80% dividend payout ratio adopted in the previous fiscal year has been maintained. The annual dividend for the current fiscal year is ¥190 per share. - FY2023-Q2RestatedAnnual report
「At a board meeting held on 1 November 2022, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2022: ① Total dividends: ¥1,069.931 million ② Dividend per share: ¥76」
Under the revised dividend policy, the Company resolved to pay an interim dividend of ¥76 per share, totaling ¥1,069.931 million, with 30 September 2022 as the record date. - FY2023-Q1RestatedAnnual report
「At a board meeting held on 24 May 2022, the company resolved to pay a year-end dividend as follows to shareholders recorded on the shareholder register as of 31 March 2022: ① Total dividends: ¥1,365.647 million ② Dividend per share: ¥97」
Under the revised dividend policy, the company resolved to pay and paid a year-end dividend of ¥97 per share, totaling ¥1,365.647 million, for the fiscal year ended March 2022. - FY2022ReframedAnnual report
「As stated in the notice regarding the change in the basic dividend policy announced on 20 December 2021, the revised dividend policy will apply from the interim dividend for the fiscal year ending March 2023. The basic policy is to use an 80% dividend payout ratio as the benchmark for total dividends and pay dividends while comprehensively considering profit levels in each fiscal year, future business development and other factors, as well as retaining funds for capital investment to strengthen the competitiveness of core businesses and for human resources development.」
The company changed its policy from adding 3% DOE and a 50% dividend payout ratio to using an 80% dividend payout ratio as the benchmark for total dividends from the interim dividend for the fiscal year ending March 2023. - FY2022-Q2RestatedAnnual report
「At a board meeting held on 1 November 2021, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2021: ① Total dividends: ¥351.571 million ② Dividend per share: ¥25」
Under its existing profit distribution policy, the company resolved to pay an interim dividend of ¥25 per share, totaling ¥351.571 million, based on the 30 September 2021 record date. - FY2022-Q1RestatedAnnual report
「At a board meeting held on 25 May 2021, the company resolved to pay a year-end dividend as follows to shareholders recorded on the shareholder register as of 31 March 2021: ① Total dividends: ¥759.436 million ② Dividend per share: ¥54」
Under its existing profit distribution policy, the company resolved to pay and paid a year-end dividend of ¥54 per share, totaling ¥759.436 million. - FY2021RestatedAnnual report
「The basic dividend policy is to use as the benchmark for total dividends the sum of the total dividend based on a 3% dividend-on-equity ratio (DOE), representing stable dividends, and the total dividend based on a 50% dividend payout ratio, representing performance-linked dividends, while comprehensively considering profit levels in each fiscal year, future business development and other factors, and to pay dividends twice a year, as an interim dividend and a year-end dividend.」
The company maintained its dividend policy based on the sum of 3% DOE and a 50% dividend payout ratio, and paid an interim dividend of ¥18, a year-end dividend of ¥54, and an annual dividend of ¥72. - FY2021-Q3RestatedAnnual report
「At a board meeting held on 11 November 2020, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2020: ① Total dividends: ¥252.582 million ② Dividend per share: ¥18」
Under its existing profit distribution policy, the company resolved to pay and paid an interim dividend of ¥18 per share, totaling ¥252.582 million, based on the 30 September 2020 record date. - FY2021-Q2RestatedAnnual report
「At a board meeting held on 11 November 2020, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2020: ① Total dividends: ¥252.582 million ② Dividend per share: ¥18」
Under its existing profit distribution policy, the company resolved to pay an interim dividend of ¥18 per share, totaling ¥252.582 million. No change to the dividend policy itself was stated. - FY2021-Q1RestatedAnnual report
「At a board meeting held on 27 May 2020, the company resolved to pay a year-end dividend as follows to shareholders recorded on the shareholder register as of 31 March 2020: ① Total dividends: ¥729.681 million ② Dividend per share: ¥52」
Under its existing profit distribution policy, the company resolved to pay and paid a year-end dividend of ¥52 per share, totaling ¥729.681 million, based on the 31 March 2020 record date. - FY2020RestatedAnnual report
「The company will use as the benchmark for total dividends the sum of the total dividend based on a 3% dividend-on-equity ratio (DOE), representing stable dividends, and the total dividend based on a 50% dividend payout ratio, representing performance-linked dividends, while comprehensively considering profit levels in each fiscal year, future business development and other factors, and will pay dividends.」
The company maintained its dividend policy based on the sum of 3% DOE and a 50% dividend payout ratio. The annual dividend for the fiscal year was ¥70, comprising an interim dividend of ¥18 and a year-end dividend of ¥52. - FY2020-Q3RestatedAnnual report
「Regarding the interim dividend for the 68th fiscal year (from 1 April 2019 to 31 March 2020), the company resolved at a board meeting held on 8 November 2019 to pay the following dividend to shareholders recorded on the shareholder register as of 30 September 2019: ① Total dividends: ¥252.463 million ② Dividend per share: ¥18」
Under its existing profit distribution policy, the company resolved to pay and paid an interim dividend of ¥18 per share, totaling ¥252.463 million, based on the 30 September 2019 record date. - FY2020-Q2RestatedAnnual report
「At a board meeting held on 8 November 2019, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2019: ① Total dividends: ¥252.463 million ② Dividend per share: ¥18」
Under its existing profit distribution policy, the company resolved to pay an interim dividend of ¥18 per share, totaling ¥252.463 million, with 30 September 2019 as the record date. - FY2020-Q1RestatedAnnual report
「At a board meeting held on 10 May 2019, the company resolved to pay a year-end dividend as follows to shareholders recorded on the shareholder register as of 31 March 2019: ① Total dividends: ¥1,542.831 million ② Dividend per share: ¥110 ③ Effective date of the right to claim payment and payment commencement date: 12 June 2019」
Under its existing profit distribution policy, the company resolved to pay and paid a year-end dividend of ¥110 per share, totaling ¥1,542.831 million. - FY2019RaisedAnnual report
「Beginning with the 68th fiscal year, the company changed its basic dividend policy to use as the benchmark for total dividends the sum of the total dividend based on a 3% dividend-on-equity ratio (DOE), representing stable dividends, and the total dividend based on a 50% dividend payout ratio, representing performance-linked dividends, while comprehensively considering profit levels in each fiscal year, future business development and other factors.」
The company changed its policy from using the higher of 3% DOE and a 50% dividend payout ratio to using their combined amount as the benchmark. In the 67th fiscal year, it paid an annual dividend of ¥120, including a special dividend of ¥70. - FY2019-Q3RestatedAnnual report
「At a board meeting held on 7 November 2018, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2018: ① Total dividends: ¥140.257 million ② Dividend per share: ¥10」
Under its existing profit distribution policy, the company resolved to pay and paid an interim dividend of ¥10 per share, totaling ¥140.257 million. No change to the dividend policy itself was stated. - FY2019-Q2RestatedAnnual report
「At a board meeting held on 7 November 2018, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2018: ① Total dividends: ¥140.257 million ② Dividend per share: ¥10」
Under its existing profit distribution policy, the company resolved to pay an interim dividend of ¥10 per share, totaling ¥140.257 million. - FY2019-Q1RestatedAnnual report
「At a board meeting held on 11 May 2018, the company resolved to pay a year-end dividend as follows to shareholders recorded on the shareholder register as of 31 March 2018: ① Total dividends: ¥671.485 million ② Dividend per share: ¥48 ③ Effective date of the right to claim payment and payment commencement date: 12 June 2018」
Under its existing profit distribution policy, the company resolved to pay and paid a year-end dividend of ¥48 per share, totaling ¥671.485 million. - FY2018RestatedAnnual report
「The company will use as the benchmark for total dividends the higher of the total dividend calculated at a 50% payout ratio and the total dividend calculated at a 3% dividend-on-equity ratio (DOE), while comprehensively considering profit levels in each fiscal year, future business development and other factors, and will pay dividends.」
The company maintained its distribution policy of using the higher of a 50% dividend payout ratio and 3% DOE as the benchmark. The annual dividend was ¥58 per share, including a commemorative dividend. - FY2018-Q3RestatedAnnual report
「At a board meeting held on 7 November 2017, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2017: ① Total dividends: ¥139.658 million ② Dividend per share: ¥10」
Under its existing dividend policy, the company resolved to pay and paid an interim dividend of ¥10 per share, totaling ¥139.658 million. - FY2018-Q2RestatedAnnual report
「At a board meeting held on 7 November 2017, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2017: ① Total dividends: ¥139.658 million ② Dividend per share: ¥10」
Under its existing policy of using the higher of a 50% dividend payout ratio and 3% DOE as the benchmark, the company resolved to pay an interim dividend of ¥10 per share, totaling ¥139.658 million. - FY2018-Q1RestatedAnnual report
「At a board meeting held on 9 May 2017, the company resolved to pay a year-end dividend as follows to shareholders recorded on the shareholder register as of 31 March 2017: ① Total dividends: ¥488.401 million ② Dividend per share: ¥35」
The company paid a year-end dividend of ¥35 per share, totaling ¥488.401 million. No change was stated to the policy of using the higher of a 50% dividend payout ratio and 3% DOE as the benchmark. - FY2017RestatedAnnual report
「The company will use as the benchmark for total dividends the higher of the total dividend calculated at a 50% payout ratio and the total dividend calculated at a 3% dividend-on-equity ratio (DOE), while comprehensively considering profit levels in each fiscal year, future business development and other factors, and will pay dividends.」
The company maintained its policy of using the higher of a 50% dividend payout ratio and 3% DOE as the benchmark, and paid an interim dividend of ¥10 per share, a year-end dividend of ¥35, and an annual dividend of ¥45. - FY2017-Q3RestatedAnnual report
「Board meeting held on 7 November 2016; common shares; ¥147.356 million; dividend per share: ¥10; 30 September 2016; 15 December 2016; retained earnings」
Under its dividend policy, the company paid an interim dividend of ¥10 per share, totaling ¥147.356 million. No change to the policy itself was stated. - FY2017-Q2RestatedAnnual report
「At a board meeting held on 7 November 2016, the company resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2016: ① Total dividends: ¥147.356 million ② Dividend per share: ¥10」
In addition to the year-end dividend of ¥35 per share, the company resolved to pay an interim dividend of ¥10 per share. No change to the dividend policy itself was stated. - FY2017-Q1RestatedAnnual report
「Total dividends: ¥511.162 million; dividend per share: ¥35; record date: 31 March 2016; effective date: 9 June 2016」
Under its dividend policy, the company paid a year-end dividend of ¥35 per share, totaling ¥511.162 million. No change to the policy itself was stated. - FY2016First statedAnnual report
「The basic dividend policy is to use as the benchmark for total dividends the higher of the total dividend calculated at a 50% payout ratio and the total dividend calculated at a 3% dividend-on-equity ratio (DOE), while comprehensively considering profit levels in each fiscal year, future business development and other factors, and to pay dividends twice a year, as an interim dividend and a year-end dividend.」
The company has stated an explicit distribution rule based on the higher of a 50% dividend payout ratio and 3% DOE.