Total payout ratio of 30% or higher
First written in FY2018. 2 of 6 entries say "Raised", first in FY2019. Latest entry: 2026-05-14.
46 other companies' latest entry also says "Restated".
- FY2025RaisedAnnual report
「Under the Eighth Medium-Term Management Plan, our dividend policy is to “continue progressive dividends” and “maintain a total payout ratio of 50% or more.”」
The target level was raised from the previous 30% or more to 50% or more, and the continuation of progressive dividends was also explicitly stated. - FY2020SoftenedAnnual report
「Taking into account the future business environment and business development, our basic policy is to make flexible shareholder returns aimed at stable dividends to shareholders and improved capital efficiency, while securing retained earnings to stabilize our management foundation, and we are working to improve our total payout ratio.」
The previously stated numerical target of a total payout ratio of 30% or more has been omitted and replaced with the wording, “We will work to improve our total payout ratio.” - FY2019RaisedAnnual report
「Our basic policy is to consider business performance in each fiscal year, the future management environment and business development, secure retained earnings to stabilize our management foundation, and provide stable dividends to shareholders and flexible shareholder returns aimed at improving capital efficiency, with a target total payout ratio of 30% or higher.」
The target total payout ratio of 30% or higher is stated without limiting it to the Resonate2018 period, presenting it as an ongoing basic policy. Meanwhile, the consolidated total payout ratio for the current fiscal year is 23.6%. - FY2018First statedAnnual report
「Our basic policy is to consider business performance in each fiscal year, the future management environment and business development, secure retained earnings to stabilize our management foundation, and provide stable dividends to shareholders and flexible shareholder returns aimed at improving capital efficiency. During the period of the Resonate2018 medium-term management plan, we set a target total payout ratio of 30% or higher of net income attributable to owners of the parent.」
The Company first explicitly stated a policy of combining stable dividends with flexible shareholder returns, with a target total payout ratio of 30% or higher during the Resonate2018 period.