Medium-term consolidated dividend payout ratio of 20% and ongoing dividend increases
First written in FY2017. 4 of 11 entries say "Restated". Latest entry: 2026-08-06.
- 2026-08-06RestatedEarnings
「Fiscal year ending March 2027 (forecast) — 43.00 — 44.00 87.00」
The annual dividend forecast of ¥87 for the fiscal year ending March 2027 remains unchanged. - FY2026Payout ratio adjustment excluding one-off gainsAnnual report
「While maintaining the principle of a 30% consolidated payout ratio, we aim to steadily and continuously increase the dividend per share. If net income for the period fluctuates significantly due to one-off or non-recurring factors, we will adjust for their impact. For the fiscal year ending March 2027, the planned annual dividend per share is ¥87. The resulting forecast consolidated payout ratio for the fiscal year ending March 2027 is 30.3%.」
The company maintained the principle of a 30% consolidated payout ratio, explicitly stating that one-off and non-recurring factors would be adjusted in calculating the payout ratio, and set the planned annual dividend for the fiscal year ending March 2027 at ¥87. - FY2024RaisedAnnual report
「Under the previous medium-term management plan, we reviewed the content of our dividend policy for shareholders and changed the consolidated payout ratio target from 20% to 25% to, in principle, 30%. Under FSG.30 as well, we will implement a stable dividend policy and consider shareholder returns while taking into account the balance with our financial position.」
The consolidated payout ratio target was raised from the previous 20% to 25% to, in principle, 30%. - FY2023RaisedAnnual report
「We will implement a stable dividend policy with a consolidated payout ratio target of 20% to 25%, while also considering shareholder returns through share repurchases, taking into account the balance with our financial position.」
The policy changed from using a consolidated payout ratio of 20% as a guideline to targeting 20% to 25%, and shareholder returns through share repurchases were also explicitly stated. - FY2019RestatedAnnual report
「Regarding dividends from retained earnings, we aim for a medium-term consolidated payout ratio of 20% while pursuing stable and continuous increases in the dividend per share.」
The company has reiterated its policy of using a consolidated payout ratio of 20% as a guideline and steadily and continuously increasing the dividend per share. - FY2018SoftenedAnnual report
「Regarding dividends from retained earnings, we aim for a medium-term consolidated payout ratio of 20% while pursuing stable and continuous increases in the dividend per share.」
The wording for the consolidated payout ratio of 20% was changed from “target” to “guideline,” and this was presented together with stable and continuous increases in the dividend per share. - FY2017First statedAnnual report
「Regarding dividends from retained earnings, we have set a medium-term target of a consolidated payout ratio of 20% and aim to continuously increase the dividend per share.」
The company has clearly stated its policy of maintaining a medium-term consolidated payout ratio of 20% and continuously increasing the dividend per share.