Balancing proactive, stable dividends with retained earnings
First written in FY2016. 24 of 40 entries say "Restated". Latest entry: 2026-10-30.
- FY2026AdvancedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥110.0 per share in accordance with the policy stated above, including an interim dividend of ¥50.0. As a result, the payout ratio for the fiscal year was 45.11%.」
Under the new policy targeting a payout ratio of approximately 50%, the annual ordinary dividend was ¥110, comprising an interim dividend of ¥50 and a year-end dividend of ¥60. The dividend level increased from ¥85 in the previous fiscal year. - FY2026-H1AdvancedAnnual report
「Board of Directors meeting held on 31 October 2025 Common stock 1,773 50.0 30 September 2025 3 December 2025 Retained earnings」
The company resolved to pay an interim dividend of ¥50 per share for the fiscal year ending March 2026, up from ¥40 in the previous fiscal year. - FY2025RaisedAnnual report
「In addition, pursuant to a resolution of the Board of Directors at a meeting held on 9 May 2025, we changed our basic dividend policy as follows. The revised basic policy applies from the fiscal year ending March 2026. “The Group regards the appropriate return of profits to shareholders as its most important management policy and will strive to return profits based on a target payout ratio of approximately 50%, while comprehensively considering each fiscal year’s performance, the business environment, the strengthening of its management foundation and retained earnings in preparation for future new business development.”」
The company added a quantitative target payout ratio of approximately 50% from the fiscal year ending March 2026 to its previous proactive, stable dividend policy. It disclosed a dividend of ¥85 per share and a payout ratio of 48.93% for the fiscal year. - FY2025-H1AdvancedAnnual report
「Annual General Meeting of Shareholders held on 27 June 2024 Common stock 1,365 40.0 31 March 2024 28 June 2024 Retained earnings Board of Directors meeting held on 31 October 2024 Common stock 1,390 40.0 30 September 2024 3 December 2024 Retained earnings」
Both the year-end and interim dividends were set at ¥40 per share, raising the dividend level from ¥35 per share in the previous fiscal year. The year-end dividend includes a commemorative dividend of ¥5. - FY2024-Q3RestatedAnnual report
「Board of Directors meeting held on 31 October 2023 Common stock 1,194 35.0 30 September 2023 4 December 2023 Retained earnings」
The company paid an interim dividend of ¥35 per share, for a total of ¥1,194 million, for the fiscal year ending March 2024, maintaining the dividend level indicated in the previous quarter. - FY2024-Q2AdvancedAnnual report
「(a) Total interim dividend: ¥1,194 million (b) Amount per share: ¥35.00」
The company resolved to pay an interim dividend of ¥35 per share for the fiscal year ending March 2024, an increase of ¥5 from ¥30 in the same period of the previous year. - FY2024-Q1RestatedAnnual report
「Annual General Meeting of Shareholders held on 29 June 2023 Common stock 1,194 35.0 31 March 2023 30 June 2023 Retained earnings」
The company paid a year-end dividend of ¥35 per share, for a total of ¥1,194 million, for the fiscal year ended March 2023, and continues to provide stable shareholder returns. - FY2023AdvancedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥65 per share in accordance with the policy stated above, including an interim dividend of ¥30.00. As a result, the payout ratio for the fiscal year was 38.94%.」
The annual ordinary dividend increased from ¥60 in the previous fiscal year to ¥65, comprising an interim dividend of ¥30 and a year-end dividend of ¥35, with a payout ratio of 38.94%. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2022, the company resolved the following regarding the interim dividend.」
The company paid an interim dividend of ¥30 per share, for a total of ¥1,024 million, and maintained the higher dividend level than in the same period of the previous year. - FY2023-Q1RestatedAnnual report
「Common stock 1,036 30.0 31 March 2022 30 June 2022 Retained earnings」
The company paid a year-end dividend of ¥30 per share, for a total of ¥1,036 million, for the fiscal year ended March 2022, and continues to provide stable shareholder returns. - FY2022-Q3RestatedAnnual report
「Board of Directors meeting held on 29 October 2021 Common stock 1,054 30.0 30 September 2021 6 December 2021 Retained earnings」
The company paid an interim dividend of ¥30 per share, for a total of ¥1,054 million, for the fiscal year ending March 2022, implementing the higher dividend level than in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「Board of Directors meeting held on 29 October 2021 Common stock 1,054 30.0 30 September 2021 6 December 2021 Retained earnings」
The company resolved to pay an interim dividend of ¥30 per share for the fiscal year ending March 2022, up from ¥25 in the same period of the previous year. - FY2022-Q1RestatedAnnual report
「Annual General Meeting of Shareholders held on 29 June 2021 Common stock 1,054 30.0 31 March 2021 30 June 2021 Retained earnings」
The company paid a year-end dividend of ¥30 per share, for a total of ¥1,054 million, for the fiscal year ended March 2021, providing annual shareholder returns of ¥55 per share. - FY2021AdvancedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥55 per share in accordance with the policy stated above, including an interim dividend of ¥25.00. As a result, the payout ratio for the fiscal year was 34.23%.」
The annual ordinary dividend was increased from the previous ¥50 to ¥55, comprising a year-end dividend of ¥30 and an interim dividend of ¥25, with a payout ratio of 34.23%. - FY2021-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, the company resolved the following regarding the interim dividend.」
The company resolved to pay and paid an interim dividend of ¥25 per share, for a total of ¥878 million, and continues to provide stable shareholder returns. - FY2021-Q2RestatedAnnual report
「Board of Directors meeting held on 30 October 2020 Common stock 878 25.0 30 September 2020 7 December 2020 Retained earnings」
The company resolved to pay an interim dividend of ¥25 per share, for a total of ¥878 million, and continues to provide stable shareholder returns. - FY2021-Q1RestatedAnnual report
「Annual General Meeting of Shareholders held on 26 June 2020 Common stock 908 25.0 31 March 2020 29 June 2020 Retained earnings」
The company paid a year-end dividend of ¥25 per share, for a total of ¥908 million, for the fiscal year ended March 2020, and continues to provide stable shareholder returns. - FY2020RestatedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥50 per share in accordance with the policy stated above, including an interim dividend of ¥25.00. As a result, the payout ratio for the fiscal year was 43.43%.」
The company continued its policy of proactive, stable dividends, paying an annual dividend of ¥50, including an interim dividend of ¥25. The payout ratio was 43.43%. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the company resolved the following regarding the interim dividend.」
The company resolved to pay and paid an interim dividend of ¥25 per share, for a total of ¥916 million, and continues to provide stable shareholder returns. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2019, the company resolved the following regarding the interim dividend.」
The company resolved to pay an interim dividend of ¥25 per share, for a total of ¥916 million, and continues to provide stable shareholder returns. - FY2020-Q1RestatedAnnual report
「Annual General Meeting of Shareholders held on 27 June 2019 Common stock 932 25.0 31 March 2019 28 June 2019 Retained earnings」
The company paid a year-end dividend of ¥25 per share, for a total of ¥932 million, for the fiscal year ended March 2019, and continues to provide stable shareholder returns. - FY2019RestatedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥50 per share in accordance with the policy stated above, including an interim dividend of ¥25.00. As a result, the payout ratio for the fiscal year was 51.47%.」
The annual dividend of ¥50, including an interim dividend of ¥25, was maintained. Against the backdrop of lower profit, the payout ratio was 51.47%. - FY2019-Q3RestatedAnnual report
「Funds used in financing activities decreased by ¥1,046 million, compared with a decrease of ¥209 million in the same period of the previous year. This was mainly due to increases of ¥707 million from proceeds from the exercise of stock options and ¥220 million from payments by non-controlling shareholders, offset by decreases of ¥93 million from lease liability repayments and ¥1,851 million from dividend payments.」
The company paid ¥1,851 million in dividends, including the interim dividend, and continues to provide stable shareholder returns. - FY2019-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the company resolved the following regarding the interim dividend.」
The company resolved to pay an interim dividend of ¥25 per share, for a total of ¥932 million, and continues to provide stable shareholder returns. - FY2019-Q1RestatedAnnual report
「Annual General Meeting of Shareholders held on 28 June 2018」
The company paid a year-end dividend of ¥25 per share, for a total of ¥923 million, for the fiscal year ended March 2018, and continues to provide proactive, stable shareholder returns. - FY2018RestatedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥50 per share in accordance with the policy stated above, including an interim dividend of ¥25.00. As a result, the payout ratio for the fiscal year was 34.73%.」
The company continued its policy of proactive, stable dividends, paying an annual dividend of ¥50, including an interim dividend of ¥25, with a payout ratio of 34.73%. - FY2018-Q3RestatedAnnual report
「Funds used in financing activities decreased by ¥209 million, compared with a decrease of ¥3,054 million in the same period of the previous year. This was mainly due to an increase of ¥1,894 million from proceeds from the exercise of stock options, offset by decreases of ¥1,788 million from dividend payments and ¥219 million from dividends paid to non-controlling shareholders.」
The company paid ¥1,788 million in dividends and continues to return profits to shareholders. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2017, the company resolved the following regarding the interim dividend.」
The company resolved to pay an interim dividend of ¥25 per share, for a total of ¥906 million, and continues to pay proactive, stable dividends. - FY2018-Q1RestatedAnnual report
「This was mainly due to a decrease resulting from ¥867 million in dividend payments.」
The company paid ¥867 million in dividends in the first quarter and continues to return profits to shareholders. - FY2017AdvancedAnnual report
「Regarding the dividend for the fiscal year, we resolved to pay an ordinary dividend of ¥50 per share in accordance with the policy stated above, including an interim dividend of ¥25.00. As a result, the payout ratio for the fiscal year was 39.22%.」
The company continued its policy of proactive, stable dividends. The dividend per share for the fiscal year was ¥50, with a payout ratio of 39.22%. - FY2017-Q3RestatedAnnual report
「Dividends paid: ¥1,809 million」
During the nine-month period ended the third quarter, the company continued to pay dividends, including a ¥25 per share dividend on common stock. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 28 October 2016, the company resolved the following regarding the interim dividend.」
The company resolved to pay an interim dividend of ¥25 per share, for a total of ¥899 million, and continues to return profits to shareholders. - FY2016First statedAnnual report
「We regard the appropriate return of profits to shareholders as our most important management policy. While paying close attention to maintaining and continuing proactive, stable dividends, we will also consider incentive compensation for employees based on their achievements, strengthen our corporate structure so that we can respond to changes in the business environment, and retain earnings in preparation for future new business development.」
The company cites shareholder returns, employee compensation, strengthening its financial position and retained earnings for future new businesses. The dividend for the fiscal year was ¥45 per share, with a payout ratio of 30.35%.