Stable Dividends Based on a Payout Ratio of Approximately 40% in Light of the Net Debt-to-Equity Ratio
First written in FY2018. 13 of 24 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1RestatedAnnual report
「At its meeting held on 11 September 2026, the Board of Directors resolved to pay an interim dividend to shareholders recorded on the shareholder register as of 31 July 2026 as follows. (1) Total dividend: ¥959 million (2) Dividend per share: ¥30」
The company resolved to pay an interim dividend with 31 July 2026 as the record date of ¥959 million in total, or ¥30 per share after the stock split. - 2026-06-11RestatedEarnings presentation materials
「Based on our basic policy regarding profit allocation, we forecast an annual dividend of ¥61 per share for the fiscal year ending January 2027, comprising an interim dividend of ¥30 and a year-end dividend of ¥31.」
Reconfirmed the basic policy of targeting a 40% payout ratio and the unchanged annual dividend forecast for the fiscal year ending January 2027. - FY2026AdvancedAnnual report
「As net income attributable to owners of the parent for the fiscal year ending January 2026 amounted to ¥4.576 billion, the company plans to set the year-end dividend for the current fiscal year at ¥75 per share. Combined with the interim dividend of ¥75 per share resolved on 11 September 2025, the annual dividend is planned to be ¥150 per share.」
The company plans to pay interim and year-end dividends of ¥75 each, for an annual dividend of ¥150, an increase from ¥125 in the previous fiscal year. It also continued its policy of targeting a 40% payout ratio over the medium term. - FY2026-H1AdvancedAnnual report
「At its meeting held on 11 September 2025, the Board of Directors resolved to pay an interim dividend to shareholders recorded on the shareholder register as of 31 July 2025 as follows. (1) Total dividend: ¥799 million (2) Dividend per share: ¥75」
The interim dividend with 31 July 2025 as the record date was set at ¥75 per share, totaling ¥799 million. This was an increase from ¥55 per share in the previous interim period. - FY2025-H1AdvancedAnnual report
「Board of Directors meeting held on 10 September 2024 | Common shares | 593 | 55 | 31 July 2024 | 18 October 2024 | Retained earnings」
The company resolved to pay an interim dividend with 31 July 2024 as the record date of ¥55 per share, totaling ¥593 million. - FY2025-Q1RestatedAnnual report
「Annual General Meeting held on 23 April 2024 | Common shares | 592 | 55 | 31 January 2024 | 24 April 2024 | Retained earnings」
The company paid a year-end dividend for the fiscal year ended January 2024 of ¥55 per share, totaling ¥592 million, on 24 April. - FY2024AdvancedAnnual report
「As net income attributable to owners of the parent for the fiscal year ending January 2024 amounted to ¥3.605 billion, the company set the year-end dividend for the current fiscal year at ¥55 per share. Combined with the interim dividend of ¥35 per share resolved on 11 September 2023, the annual dividend will be ¥90 per share.」
The annual dividend was ¥90 per share, comprising an interim dividend of ¥35 and a year-end dividend of ¥55. The company also stated a policy of targeting a 40% payout ratio during the next medium-term management plan. - FY2024-Q2AdvancedAnnual report
「Board of Directors meeting held on 11 September 2023 | Common shares | 376 | 35 | 31 July 2023 | 18 October 2023 | Retained earnings」
The company resolved to pay an interim dividend with 31 July 2023 as the record date of ¥35 per share, totaling ¥376 million. This was an increase from ¥10 per share in the same period of the previous year. - FY2024-Q1RestatedAnnual report
「Annual General Meeting held on 25 April 2023 | Common shares | 269 | 25 | 31 January 2023 | 26 April 2023 | Retained earnings」
The company paid a year-end dividend with 31 January 2023 as the record date of ¥25 per share, totaling ¥269 million, on 26 April. - FY2023-Q2RestatedAnnual report
「Board of Directors meeting held on 9 September 2022 | Common shares | 107 | 10 | 31 July 2022 | 18 October 2022 | Retained earnings」
The company resolved to pay an interim dividend with 31 July 2022 as the record date, totaling ¥107 million, or ¥10 per share. - FY2023-Q1RestatedAnnual report
「Annual General Meeting held on 19 April 2022 | Common shares | 53 | 5 | 31 January 2022 | 20 April 2022 | Retained earnings」
On 20 April 2022, the company paid a year-end dividend of ¥5 per share, totaling ¥53 million. This reaffirmed its dividend results in line with the policy of resuming dividends announced in the previous fiscal year. - FY2022AdvancedAnnual report
「As net income attributable to owners of the parent for the current fiscal year amounted to ¥335 million, the company resumed dividend payments and set the year-end dividend at ¥5 per share.」
After suspending both the interim and year-end dividends in the previous fiscal year, the company resumed dividend payments following the recording of net income attributable to owners of the parent, paying a year-end dividend of ¥5 per share. - FY2022-Q2RestatedAnnual report
「At its meeting held on 9 September 2021, the Board of Directors resolved not to pay a dividend from retained earnings, specifically the interim dividend with 31 July 2021 as the record date.」
The company resolved not to pay an interim dividend and reaffirmed in the second quarter its no-dividend policy announced in the previous fiscal year. - FY2021SoftenedAnnual report
「However, the company will also pay no year-end dividend for the current fiscal year, following the interim dividend, because net income attributable to owners of the parent for the fiscal year ending January 2021 was a loss and the capital structure deviated significantly from the appropriate level.」
While maintaining its policy of a net debt-to-equity ratio of approximately 0.7–0.9x and a payout ratio of approximately 40%, the company paid no year-end dividend this fiscal year, following the suspension of the interim dividend. - FY2021-Q2SoftenedAnnual report
「At its meeting held on 7 September 2020, the Board of Directors resolved not to pay a dividend from retained earnings, specifically the interim dividend with 31 July 2020 as the record date.」
The company resolved not to pay the interim dividend previously paid, with 31 July 2020 as the record date. - FY2020RestatedAnnual report
「As a specific policy, the company considers a net debt-to-equity ratio (net interest-bearing debt (※) / net assets) of approximately 0.7–0.9x to represent an appropriate capital structure under current conditions. As long as the ratio remains within that range, the company intends to maintain a payout ratio of approximately 40% for the time being.」
The company reaffirmed its policy of maintaining a payout ratio of approximately 40% and stable dividends based on a net debt-to-equity ratio of approximately 0.7–0.9x. The annual dividend was ¥50 per share, and the consolidated payout ratio was 113.3%. - FY2020-Q3RestatedAnnual report
「At its meeting held on 9 September 2019, the Board of Directors resolved the following with respect to the interim dividend for the current fiscal year. (a) Total interim dividend: ¥268 million (b) Dividend per share: ¥25 (c) Record date: 31 July 2019 (d) Effective date: 15 October 2019.」
The company paid an interim dividend of ¥25 per share, totaling ¥268 million, for the current fiscal year. - FY2020-Q2RestatedAnnual report
「Board of Directors meeting held on 9 September 2019 | Common shares | 268 | 25 | 31 July 2019 | 15 October 2019 | Retained earnings」
The company resolved to pay an interim dividend for the 67th fiscal year of ¥25 per share, totaling ¥268 million. - FY2020-Q1RestatedAnnual report
「Annual General Meeting held on 17 April 2019 | Common shares | 268 | 25 | 31 January 2019 | 18 April 2019 | Retained earnings」
The company paid a year-end dividend of ¥25 per share, totaling ¥268 million, on 18 April 2019. - FY2019RestatedAnnual report
「The company considers a net debt-to-equity ratio (net interest-bearing debt (※) / net assets) of approximately 0.7–0.9x to represent an appropriate capital structure under current conditions. As long as the ratio remains within that range, the company intends to maintain a payout ratio of approximately 40% for the time being. The company has also paid stable dividends in the past and does not make profit-linked dividend payments tied to net income per share.」
The company reaffirmed its policy of maintaining a payout ratio of approximately 40% and stable dividends based on a net debt-to-equity ratio of approximately 0.7–0.9x. - FY2019-Q2RestatedAnnual report
「The Board of Directors resolved the following at its meeting held on 10 September 2018. (a) Total interim dividend: ¥268 million (b) Interim dividend per share: ¥25」
The company resolved to pay an interim dividend of ¥25 per share, totaling ¥268 million, with 31 July 2018 as the record date. - FY2018First statedAnnual report
「As long as the net debt-to-equity ratio remains within that range, the company intends to maintain a payout ratio of approximately 40% for the time being. The company has also paid stable dividends in the past and does not make profit-linked dividend payments tied to net income per share.」
The company stated a policy of maintaining a payout ratio of approximately 40% while considering a net debt-to-equity ratio of approximately 0.7–0.9x to represent an appropriate capital structure.