Stable Dividends Based on a Target Payout Ratio of Approximately 30%
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026SoftenedAnnual report
「We regard returning profits to shareholders as an important management priority and have adopted a basic policy of paying appropriate and stable dividends after comprehensively considering the balance between securing retained earnings to strengthen our management base and investing for future business expansion.」
The previous numerical policy of a payout ratio of approximately 30% is no longer stated, with the language softened to appropriate and stable dividends based on the balance with retained earnings and investment. No dividend continued to be paid on common shares. - FY2023RestatedAnnual report
「While taking into consideration the strengthening of our management base and preparations for business expansion, we intend to pay stable dividends to shareholders based on performance, using a payout ratio of approximately 30% as a basic guideline. After considering performance for the fiscal year, we regret that we decided not to pay a dividend.」
Maintained the policy based on a payout ratio of approximately 30%, while paying no dividend for the fiscal year. - FY2020RestatedAnnual report
「While taking into consideration the strengthening of our management base and preparations for business expansion, we intend to pay stable dividends to shareholders based on performance, using a payout ratio of approximately 30% as a basic guideline. After considering performance for the fiscal year, we regret that we decided not to pay a dividend.」
Maintained the stable dividend policy based on a payout ratio of approximately 30%, while paying no dividend for the fiscal year. - FY2019Forecast for resuming dividends next fiscal yearAnnual report
「For the fiscal year ending February 2020, we forecast resuming dividends at ¥2 per share.」
Although no dividend was paid for the fiscal year, the policy based on a payout ratio of approximately 30% was maintained, and a forecast was presented for resuming dividends at ¥2 per share for the fiscal year ending February 2020. - FY2018RestatedAnnual report
「While taking into consideration the strengthening of our management base and preparations for business expansion, we intend to pay stable dividends to shareholders based on performance, using a payout ratio of approximately 30% as a basic guideline.」
Reconfirms the stable dividend policy based on a payout ratio of approximately 30%. - FY2017First statedAnnual report
「We intend to pay stable dividends to shareholders based on performance, using a payout ratio of approximately 30% as a basic guideline.」
Clearly states a dividend policy that uses a payout ratio of approximately 30% as the basic guideline while balancing dividends with strengthening the management base and preparing for business expansion.