Stable and performance-linked dividends guided by a payout ratio of at least 35%
First written in FY2018. 6 of 11 entries say "Restated". Latest entry: 2026-10-08.
- FY2026RestatedAnnual report
「We will also set the target payout ratio at 40% or more for the full year and work to strengthen shareholder returns.」
The company reconfirms the target payout ratio of at least 40%, raised from the fiscal year ending February 2025, as its full-year basic policy. - FY2024RaisedAnnual report
「From the fiscal year ending February 2025, we will change our basic policy from targeting a payout ratio of at least 35% to targeting at least 40%, while providing appropriate profit distributions that are stable and linked to performance.」
The company explicitly states its policy of raising the previous target payout ratio of at least 35% to at least 40% from the fiscal year ending February 2025. - FY2022SoftenedAnnual report
「We regard returning profits to shareholders as one of management’s most important priorities. Our basic policy is to provide appropriate profit distributions that are stable and linked to performance.」
The policy of stable and performance-linked dividends remains in place, but this filing does not state the previously disclosed target payout ratio of at least 35%. - FY2021RestatedAnnual report
「We regard returning profits to shareholders as one of management’s most important priorities. Our basic policy is to target a payout ratio of at least 35% and provide appropriate profit distributions that are stable and linked to performance.」
The policy of stable and performance-linked dividends, with a target payout ratio of at least 35%, remains in place. Meanwhile, the dividend per share for the fiscal year was ¥12. - FY2019RestatedAnnual report
「We regard returning profits to shareholders as one of management’s most important priorities. Our basic policy is to target a payout ratio of at least 35% and provide appropriate profit distributions that are stable and linked to performance.」
The company reconfirms its policy of stable and performance-linked dividends, with a target payout ratio of at least 35%. - FY2018First statedAnnual report
「We regard returning profits to shareholders as one of management’s most important priorities. Our basic policy is to target a payout ratio of at least 35% and provide appropriate profit distributions that are stable and linked to performance.」
The company explicitly states its basic shareholder return policy of a payout ratio of at least 35%, stable dividends and performance-linked dividends.