Risk to maintaining stable dividends during periods of weak performance
First written in FY2019. 3 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2026-H1.
Hamayuu moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「② Amount per share: ¥15」
Although stable dividends may become unsustainable during periods of weak business performance, the dividend per share for the fiscal year ending July 2025 increased from ¥10 in the previous fiscal year to ¥15. - FY2024WorsenedAnnual report
「The company decided to pay a dividend of ¥10 per share for the fiscal year, in accordance with the policy described above.」
While the Company disclosed the possibility that stable dividends could not be maintained during periods of weak business performance, the actual dividend per share declined from ¥20 in FY2023 to ¥10 in FY2024. - FY2023RestatedAnnual report
「However, stable dividends may become unsustainable due to weak business performance or other factors.」
The Company continues to describe its stable dividend policy and the possibility that dividends cannot be maintained during periods of weak business performance. The dividend for FY2023 was ¥20 per share. - FY2021WorsenedAnnual report
「The company decided to pay a dividend of ¥15 per share for the 54th fiscal year, in accordance with the policy described above.」
Amid the risk that stable dividends may become unsustainable due to weak business performance or other factors, the dividend per share declined further from ¥35 in the previous fiscal year to ¥15. - FY2020WorsenedAnnual report
「The company decided to pay a dividend of ¥35 per share for the 53rd fiscal year, in accordance with the policy described above.」
Although the Company paid a dividend despite recording a net loss for the period, the dividend per share decreased from ¥70 in the previous fiscal year to ¥35, indicating that pressure on stable dividends had become evident in the figures. - FY2019First statedAnnual report
「However, stable dividends may become unsustainable due to weak business performance or other factors.」
While the Company's basic policy is to provide stable and continuous returns to shareholders, it describes the possibility that this may become difficult to maintain in relation to business performance.