Maintaining Stable Dividends and Securing Retained Earnings
First written in FY2019. 3 of 8 entries say "Advanced", first in 2026-06-09. Latest entry: 2026-09-09.
- FY2023RaisedAnnual report
「The company's dividend policy positions the return of profits to shareholders as one of its important management initiatives. Its basic policy is to continue paying stable dividends, with a payout ratio of 30% as a guideline, while securing the retained earnings necessary for future business development and strengthening its management foundation. It is targeting a 40% payout ratio for the fiscal year ending October 2026.」
In addition to the existing policy of using a 30% payout ratio as a guideline, the company explicitly set a target payout ratio of 40% for the fiscal year ending October 2026. - FY2021RaisedAnnual report
「The company's basic policy is to continue paying stable dividends, with a payout ratio of 30% as a guideline, while securing the retained earnings necessary for future business development and strengthening its management foundation.」
The existing stable-dividend policy has been supplemented by a specific guideline of a 30% payout ratio. - FY2020SoftenedAnnual report
「The company paid a dividend of ¥22 per share for the 35th fiscal year. Going forward, it intends to continue paying stable dividends while giving consideration to securing retained earnings.」
The basic policy of stable dividends and securing retained earnings remains unchanged, while the dividend for the 35th fiscal year was ¥22 per share. - FY2019First statedAnnual report
「The company's basic policy is to continue paying stable dividends while securing the retained earnings necessary for future business development and strengthening its management foundation.」
The company regards shareholder returns as an important initiative and has indicated a policy of balancing retained earnings for business development and a stronger management foundation with stable dividends.