Policy of a 70% Consolidated Payout Ratio and ¥100 Ordinary Dividend
First written in FY2016. 10 of 26 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The year-end dividend for the current fiscal year will be ¥81 per share as an ordinary dividend, although this exceeds the amount calculated under the policy, subject to approval at the Annual General Meeting of Shareholders scheduled for 26 June 2026, after which it is scheduled to be paid. As a ¥55 per-share interim dividend has already been paid, the annual dividend will be ¥136 per share.」
For the fiscal year ending March 2026, a year-end dividend of ¥81 per share is planned in addition to the ¥55 interim dividend, resulting in an annual dividend of ¥136 per share. For the fiscal year ending March 2027, an annual dividend of ¥38 per share is forecast on a post-stock-split basis (¥114 before the split). - FY2026-H1AdvancedAnnual report
「11 November 2025 Board of Directors Common shares 2,691 55 30 September 2025 26 November 2025 Retained earnings」
The company resolved to pay an interim dividend of ¥55 per share, totalling ¥2.691 billion, for the fiscal year ending March 2026. - FY2025ReframedAnnual report
「The company will adopt whichever is higher, a consolidated dividend payout ratio of 70% or a 3% dividend on equity (DOE), with the aim of improving capital efficiency, achieving stable dividend increases over the medium to long term, and paying dividends through earnings growth.」
The policy was revised from the previous policy based on an ordinary dividend of ¥100 per share to one adopting whichever is higher, a 70% dividend payout ratio or 3% DOE, with the aim of increasing dividends over the medium to long term. An annual dividend of ¥134 per share is planned for the fiscal year ending March 2025. - FY2024SoftenedAnnual report
「Specifically, the company will pay progressive dividends through earnings growth, setting annual dividends of ¥60 per share as a floor and targeting a consolidated dividend payout ratio of 40%.」
The dividend policy was changed from the previous policy based on a 70% consolidated dividend payout ratio and an ordinary dividend of ¥100 per share to a policy setting annual dividends of ¥60 per share as a floor and targeting a 40% dividend payout ratio. - FY2024-Q3RestatedAnnual report
「Regarding the interim dividend for the 60th fiscal period (1 April 2023 to 31 March 2024), the Board of Directors meeting held on 10 November 2023 resolved not to pay an interim dividend.」
Against the backdrop of a restrained policy compared with the previous policy based on ordinary dividends, the company continues not to pay an interim dividend for the fiscal year ending March 2024. - FY2024-Q2RestatedAnnual report
「Regarding the interim dividend for the 60th fiscal period (1 April 2023 to 31 March 2024), the Board of Directors meeting held on 10 November 2023 resolved not to pay an interim dividend.」
The company continues not to pay an interim dividend for the fiscal year ending March 2024. - FY2023Year-end dividend increase and update to next-period dividend forecastAnnual report
「Based on the above shareholder return policy and the results for the fiscal year, the year-end dividend was set at ¥26 per share as an ordinary dividend. As no interim (second-quarter-end) dividend was paid, the annual dividend was ¥26 per share. In addition, under the above policy, no interim (second-quarter-end) dividend will be paid for the fiscal year ending March 2024, and a year-end ordinary dividend of ¥42 per share is planned.」
While continuing not to pay an interim dividend, the year-end dividend for the fiscal year ending March 2023 increased from ¥8 to ¥26 per share. A year-end dividend of ¥42 per share is planned for the fiscal year ending March 2024. - FY2023-Q2RestatedAnnual report
「Regarding the interim dividend for the 59th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors, at its meeting held on 11 November 2022, resolved not to pay an interim dividend.」
The company resolved not to pay an interim dividend for the fiscal year ending March 2023. As in the previous fiscal year, the restrained dividend policy compared with the previous policy based on ordinary dividends continues. - FY2023-Q1Update to year-end dividend payment recordAnnual report
「29 June 2022 Annual General Meeting of Shareholders Common shares 401 8 31 March 2022 30 June 2022 Retained earnings」
A year-end dividend of ¥8 per share for the fiscal year ending March 2022 was paid on 30 June 2022. - FY2022Resumption of year-end dividendAnnual report
「Based on the above shareholder return policy and the results for the fiscal year, the year-end dividend was set at ¥8 per share as an ordinary dividend. As no interim (second-quarter-end) dividend was paid, the annual dividend was ¥8 per share.」
While no interim dividend was paid, the company paid a year-end dividend of ¥8 per share for the fiscal year ending March 2022, resulting in an annual dividend of ¥8 per share. A year-end dividend of ¥14 per share is planned for the fiscal year ending March 2023. - FY2022-Q2SoftenedAnnual report
「Regarding the interim dividend for the 58th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors, at its meeting held on 12 November 2021, resolved not to pay an interim dividend.」
The company resolved not to pay an interim dividend for the fiscal year ending March 2022. As in the previous fiscal year, the dividend policy remains restrained compared with the previous policy based on an ordinary dividend of ¥100 per share. - FY2021SoftenedAnnual report
「Regarding the dividend for the fiscal year ending March 2021, the group has been seriously affected in terms of performance since the declaration of a state of emergency in response to the COVID-19 pandemic. Having determined that securing liquidity on hand and strengthening its financial position were priority issues, the company regrets that it will pay no year-end dividend. In addition, both the second-quarter-end and year-end dividends for the fiscal year ending March 2022 remain undecided.」
The company paid no year-end dividend for the fiscal year ending March 2021, and left the interim and year-end dividends for the fiscal year ending March 2022 undecided. This represents a significant weakening from the previous policy, which was based on an ordinary dividend of ¥100 per share. - FY2021-Q2SoftenedAnnual report
「Regarding the interim dividend for the 57th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors, at its meeting held on 10 November 2020, resolved not to pay an interim dividend.」
For the interim dividend, which had traditionally been based on ¥50 per share, the company resolved not to pay a dividend for the 57th fiscal year. - FY2020-Q2RestatedAnnual report
「8 November 2019 Board of Directors Common shares 2,508 50 30 September 2019 27 November 2019 Retained earnings」
The company resolved to pay an interim dividend of ¥50 per share, totalling ¥2.508 billion, with 30 September 2019 as the record date, continuing the previous dividend policy. - FY2020-Q1RestatedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 2,758 55 31 March 2019 28 June 2019 Retained earnings」
A year-end dividend of ¥55 per share for the fiscal year ending March 2019 was paid on 28 June 2019. Of this amount, ¥5 was a special dividend commemorating the company's 55th anniversary. - FY2019AdvancedAnnual report
「Based on the results for the fiscal year, the year-end dividend was calculated as ¥50 per share in ordinary dividends plus ¥5 per share as a special dividend commemorating the company's 55th anniversary, for a total of ¥55 per share. Accordingly, including the interim (second-quarter) dividend, the annual dividend was ¥105 per share.」
The company paid an annual dividend of ¥105 per share, comprising a ¥50 ordinary dividend and a ¥5 special dividend commemorating the company's 55th anniversary. - FY2019-Q2RestatedAnnual report
「9 November 2018 Board of Directors Common shares 2,508 50 30 September 2018 28 November 2018 Retained earnings」
The company resolved to pay an interim dividend of ¥50 per share, totalling ¥2.508 billion, for the fiscal year ending March 2019, continuing the previous dividend policy. - FY2019-Q1AdvancedAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares 6,079 120 31 March 2018 29 June 2018 Retained earnings」
A year-end dividend of ¥120 per share, totalling ¥6.079 billion, was paid for the fiscal year ending March 2018. This was an increase from the previous fiscal year's year-end dividend of ¥115 per share. - FY2018-Q2RestatedAnnual report
「Regarding the interim dividend for the 54th fiscal year (1 April 2017 to 31 March 2018), the Board of Directors, at its meeting held on 10 November 2017, resolved to pay an interim dividend as follows to shareholders recorded on the shareholder register as of 30 September 2017. ① Total dividends: ¥2.557 billion ② Dividend per share: ¥50.00」
The company resolved to pay an interim dividend of ¥50 per share for the fiscal year ending March 2018, continuing the previous dividend policy. - FY2017AdvancedAnnual report
「Based on the results for the fiscal year, the year-end dividend was calculated as ¥50 per share in ordinary dividends plus ¥65 per share in special dividends, for a total of ¥115 per share. Accordingly, including the interim (second-quarter) dividend, the annual dividend was ¥165 per share.」
In accordance with the dividend policy, ¥65 per share in special dividends was added to the ¥50 ordinary dividend, resulting in an annual dividend of ¥165 per share. - FY2017-Q3RestatedAnnual report
「11 November 2016 Board of Directors Common shares 2,624 50 30 September 2016 25 November 2016 Retained earnings」
An interim dividend of ¥50 per share, with 30 September 2016 as the record date, was paid on 25 November 2016, continuing the previously stated dividend policy. - FY2017-Q2AdvancedAnnual report
「11 November 2016 Board of Directors Common shares 2,624 50 30 September 2016 25 November 2016 Retained earnings」
The Board of Directors resolved to pay an interim dividend of ¥2.624 billion, or ¥50 per share, with 30 September 2016 as the record date. Together with the ¥105 per-share year-end dividend for June 2016, this demonstrates the implementation of the dividend policy. - FY2017-Q1AdvancedAnnual report
「29 June 2016 Annual General Meeting of Shareholders Common shares 5,649 105 31 March 2016 30 June 2016 Retained earnings」
On 30 June 2016, a dividend of ¥5.649 billion, or ¥105 per share, was paid on common shares. This demonstrates the specific implementation of the dividend policy. - FY2016First statedAnnual report
「• The company targets a consolidated dividend payout ratio of 70%. • The regular dividend, which provides stable distributions, will be ¥100 per share (an interim dividend of ¥50 and a year-end dividend of ¥50). If the dividend calculated using the payout ratio above exceeds ¥100, the difference will be paid as a special, performance-linked dividend at the fiscal year-end.」
The company has established a specific returns policy based on a 70% dividend payout ratio and a regular dividend of ¥100 per share, with any excess paid as a special dividend.