Balancing Shareholder Returns and Growth Investments
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: FY2026.
- FY2026ReframedAnnual report
「Under this basic policy, the Company will use a payout ratio of 30%–40% as a guideline and strive to pay stable and continuous dividends while comprehensively taking into account business performance, financial condition and other factors.」
The Company maintained its policy of shareholder returns, growth investment and strengthening its financial base, while presenting a specific allocation policy using a 30%–40% payout ratio as a guideline. - FY2024SoftenedAnnual report
「The retained earnings generated in the current fiscal year will be used effectively to respond to anticipated changes in the operating environment and to achieve future business expansion and productivity improvements.」
The basic policy of using shareholder returns and retained earnings for growth investment continues, but the previously stated specific allocation of one-third each to retained earnings, investment funds and dividends is not reiterated. - FY2022AdvancedAnnual report
「The Company’s basic approach has been to allocate one-third each to retained earnings, investment funds and dividends.」
The policy of balancing shareholder returns with growth investment is being given concrete form through a capital allocation approach under which retained earnings, investment funds and dividends each account for one-third. - FY2020RestatedAnnual report
「The Company regards returning profits to shareholders as an important management priority. Its basic policy is to make appropriate distributions to shareholders, secure retained earnings to achieve business expansion and improve productivity, and enhance corporate competitiveness.」
The Company continues its policy of balancing shareholder returns with retained earnings for business expansion and productivity improvements. - FY2019RestatedAnnual report
「The Company regards returning profits to shareholders as an important management priority. Its basic policy is to make appropriate distributions to shareholders, secure retained earnings to achieve business expansion and improve productivity, and enhance corporate competitiveness.」
The Company continues its policy of balancing shareholder returns with retained earnings for business expansion and productivity improvements. - FY2017RestatedAnnual report
「The Company regards returning profits to shareholders as an important management priority. Its basic policy is to make appropriate distributions to shareholders, secure retained earnings to achieve business expansion and improve productivity, and enhance corporate competitiveness.」
The Company continues to pursue a basic policy of balancing shareholder returns with retained earnings for business expansion and productivity improvements. - FY2016First statedAnnual report
「The Company regards returning profits to shareholders as an important management priority. Its basic policy is to make appropriate distributions to shareholders, secure retained earnings to achieve business expansion and improve productivity, and enhance corporate competitiveness.」
The Company’s capital allocation policy advances shareholder returns and business expansion and productivity improvements through retained earnings at the same time.