Balancing Stable Dividends with Growth Investment
First written in FY2016. 5 of 10 entries say "Raised", first in FY2018. Latest entry: 2026-11-13.
- FY2026RaisedAnnual report
「During the period of “Reborn 2031” (April 2026 to March 2031), based on operating cash flow, the Company plans cumulative investments of approximately ¥20 billion to strengthen its business base, approximately ¥17 billion to strengthen its management base, and approximately ¥3 billion to strengthen its human resources base, for a total of approximately ¥40 billion. Strategic additional investments will be implemented proactively and flexibly after carefully reviewing their details and timing, while also considering external financing.」
The Company specified a policy of expanding the investment allocation from that under the previous medium-term management plan to approximately ¥40 billion in total over the 5 years of Reborn 2031, allocated among the 3 bases of business, management and human resources. - 2026-05-28RaisedGeneral Meetings of Shareholders
「「Reborn 2031」の期間中は累進配当を原則とし、加えて資本効率と財務健全性のバランスを踏まえ、連結株主還元率35％以上、株主資本配当率（DOE）3.5％以上を還元水準といたします。」
株主還元方針について、累進配当を原則とし、連結株主還元率35％以上を明示している。 - FY2024AdvancedAnnual report
「10 May 2024 Board of directors resolution 2,037 96」
Under its stable dividend policy, the Company resolved to pay a year-end dividend of ¥96 per share for the fiscal year ended March 2024. Combined with the interim dividend of ¥86, the annual dividend was ¥182 per share. - FY2023RaisedAnnual report
「The Company will allocate ¥21.2 billion to growth investment over the 3-year period from April 2023 to March 2026, representing slightly more than half of total cash flow. Of this amount, ¥6 billion is planned for overseas, digital and green initiatives combined, and ¥4 billion for other growth strategies and the core business combined.」
The growth investment allocation for April 2023 to March 2026 was increased from ¥17 billion under the previous plan to ¥21.2 billion. The Company also set targets of a shareholder return ratio of at least 33% and DOE of at least 3.5%. - FY2023-Q1AdvancedAnnual report
「Under “strengthening the management base,” the Company began acquiring treasury shares, with an upper limit of 1,700,000 shares and a total acquisition cost of ¥4 billion, to enable shareholder returns, improve capital efficiency and pursue a flexible capital policy in response to changes in the management environment.」
The policy of returning profits to shareholders and improving capital efficiency was made specific through the commencement of a treasury share acquisition capped at 1,700,000 shares and ¥4 billion in total. - FY2020AdvancedAnnual report
「The Company has set an investment allocation of ¥17 billion for the 3-year period from April 2020 to March 2023. Through investments to strengthen competitiveness, including M&A in overseas businesses and the robotics (AI) & IoT businesses and IT and digital investment, it aims to increase net income per share and enhance shareholder value.」
The policy of balancing stable dividends with growth investment was made specific by setting an investment allocation of ¥17 billion over the 3 years from April 2020 to March 2023 for M&A in overseas businesses, robotics AI and IoT, and IT and digital investment. - FY2018RaisedAnnual report
「Management indicators: ROE: 12.2%; consolidated shareholder return ratio: 33.0% (annual investment allocation: one-third of net income)」
The Company specified a consolidated shareholder return ratio of 33.0% and an annual investment allocation under its existing policy of balancing stable dividends with growth investment. - FY2016First statedAnnual report
「The Company has long regarded the payment of appropriate and stable dividends in line with performance as an important management priority. Its basic policy is to pay dividends from surplus twice a year, as interim and year-end dividends, while maintaining a balanced dividend policy that enhances its financial position and builds retained earnings for growth strategies.」
The policy combines twice-yearly dividends and stable dividends with strengthening the financial position and retaining earnings for growth investment.