Stable dividend policy focused on returning profits to shareholders
First written in FY2017. 8 of 17 entries say "Restated". Latest entry: 2026-10-15.
- FY2026RestatedAnnual report
「With respect to dividends, we have adopted a policy of determining dividends based on progressive dividends, improving the dividend yield, maintaining a dividend payout ratio of 30%, and targeting a dividend payout ratio of 40% over the medium to long term, while also taking into account the further strengthening of our corporate structure to withstand expected intensifying sales competition, the accumulation of retained earnings for future business expansion, and DOE (dividend on equity).」
The Company continues its shareholder-return policy of progressive dividends, maintaining a 30% dividend payout ratio, targeting 40% over the medium to long term, and taking DOE into account. The consolidated dividend payout ratio for the current year was 33.4%, and DOE was 1.9%. - FY2026-H1RestatedAnnual report
「With an awareness of the cost of shareholders’ equity and the share price, the Company will pursue growth investment and productivity-enhancement measures, aim for ROE of 7% or higher, generate stable operating cash flow, promote corporate growth through appropriate capital allocation, and strengthen shareholder returns.」
The Company continues to pursue a financial strategy focused on the cost of shareholders’ equity and the share price, ROE of 7% or higher, appropriate capital allocation, and stronger shareholder returns. - FY2025RaisedAnnual report
「With respect to dividends, we have adopted a policy of determining dividends based on progressive dividends, improving the dividend yield, maintaining a dividend payout ratio of 30%, and targeting a dividend payout ratio of 40% over the medium to long term, while also taking into account the further strengthening of our corporate structure to withstand expected intensifying sales competition, the accumulation of retained earnings for future business expansion, and DOE (dividend on equity).」
The Company has expanded its specific shareholder-return policy from its previous stable, twice-yearly dividends to progressive dividends, maintenance of a 30% dividend payout ratio, and a medium- to long-term target payout ratio of 40%. - FY2025-H1RestatedAnnual report
「With an awareness of the cost of shareholders’ equity and the share price, the Company will pursue growth investment and productivity-enhancement measures, aim for ROE of 7% or higher, generate stable operating cash flow, promote corporate growth through appropriate capital allocation, and strengthen shareholder returns.」
The Company continues to pursue a financial strategy focused on the cost of shareholders’ equity and the share price, ROE of 7% or higher, appropriate capital allocation, and stronger shareholder returns. - FY2025-Q1RaisedAnnual report
「Strategy ⑧ Financial strategy With an awareness of the cost of shareholders’ equity and the share price, the Company will pursue growth investment and productivity-enhancement measures, aim for ROE of 7% or higher, generate stable operating cash flow, promote corporate growth through appropriate capital allocation, and strengthen shareholder returns.」
In addition to its previous policy of paying dividends twice a year, the Third Medium-Term Management Plan explicitly identifies a financial strategy focused on the cost of shareholders’ equity and the share price, ROE of 7% or higher, appropriate capital allocation, and stronger shareholder returns. - FY2023RestatedAnnual report
「The Company's basic dividend policy is to pay interim and year-end dividends twice a year.」
The Company continues to prioritize returning profits to shareholders, with dividends paid twice a year, at the interim and year-end periods, as its basic policy. - FY2023-Q1RestatedAnnual report
「Capital policy」
The Company continues to identify capital policy as one of the basic strategies of its Second Medium-Term Management Plan. - FY2022RestatedAnnual report
「The Company's basic dividend policy is to pay interim and year-end dividends twice a year.」
The Company continues to prioritize returning profits to shareholders, with stable dividends paid twice a year as its basic policy. - FY2019RaisedAnnual report
「・Enhancing shareholder value Aim to increase the dividend payout ratio」
In addition to its longstanding policy of stable dividends, the Company explicitly identifies increasing the dividend payout ratio as a means of enhancing shareholder value under its medium-term management plan. - FY2017First statedAnnual report
「The Company regards returning profits to shareholders as one of management’s most important priorities. Its basic policy is to pay stable dividends in line with profit levels, taking into account the need to further strengthen its corporate structure to withstand the expected intensification of sales competition and to build retained earnings in preparation for future business development.」
The Company regards shareholder returns as an important priority and has adopted stable dividends as its basic policy, balancing them against retained earnings needed to respond to competition and fund future investment.