Balancing Growth Investment with Stable, Consistent Dividends
First written in FY2016. 29 of 33 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-05.
- FY2026-H1AdvancedAnnual report
「Dividends paid by the parent company △65,920 Acquisition of treasury shares △71,681」
Under a capital allocation policy that balances growth investment with shareholder returns, we paid ¥65,920 million in dividends and acquired ¥71,681 million of treasury shares during the interim consolidated accounting period. - FY2025AdvancedAnnual report
「We seek to increase shareholder value by using profits generated from our business activities to strengthen our business base and invest for growth. At the same time, we will pay stable and ongoing dividends that reflect our performance. We will also acquire treasury shares flexibly and promptly, taking into account the business environment, share price trends, financial condition, target management indicators and other factors.」
We expressly set out a capital allocation policy of balancing growth investment with stable dividends and acquiring treasury shares flexibly based on the business environment, financial condition, management indicators and other factors. - FY2025-H1AdvancedAnnual report
「Dividends paid by the parent company △64,405 Acquisition of treasury shares △35,417」
Under a policy of balancing growth investment and shareholder returns, we paid ¥64,405 million in dividends and recorded ¥35,417 million in treasury share acquisitions during the interim consolidated accounting period. - FY2024AdvancedAnnual report
「Under these basic policies, the annual dividend per share for the current fiscal year will be ¥98.60, comprising the interim dividend of ¥42.80 already paid and a year-end dividend of ¥55.80. The payout ratio will be 33.0%.」
We continued our policy of balancing growth investment with stable and ongoing dividends and increased the annual dividend from ¥85.60 to ¥98.60. In addition, under the resolution adopted in May 2023, we acquired 18,966,700 treasury shares for approximately ¥50 billion and cancelled 19,888,288 shares. - FY2024-Q3AdvancedAnnual report
「Dividends paid by the parent company △99,900 Acquisition of treasury shares △50,001」
Under a policy of balancing growth investment and shareholder returns, we paid ¥99,900 million in dividends and recorded ¥50,001 million in treasury share acquisitions during the nine-month period of the current fiscal year. - FY2024-Q2AdvancedAnnual report
「Dividends paid by the parent company △50,209 Acquisition of treasury shares △31,474」
Under a policy of balancing growth investment and shareholder returns, we paid ¥50,209 million in dividends and recorded ¥31,474 million in treasury share acquisitions during the six-month period of the current fiscal year. - FY2024-Q1AdvancedAnnual report
「Dividends paid by the parent company △50,209 Acquisition of treasury shares △10,206」
Under a policy of balancing growth investment and shareholder returns, we paid ¥50,209 million in dividends and recorded ¥10,206 million in treasury share acquisitions during the three-month period of the current fiscal year. - FY2023AdvancedAnnual report
「Treasury shares acquired during the fiscal year 22,255,900 49,999,981」
Under a policy of balancing growth investment and shareholder returns, we acquired 22,255,900 treasury shares under the resolution of 11 May 2022, for an acquisition cost of up to ¥49,999,981 thousand. - FY2023-Q3AdvancedAnnual report
「We cancelled treasury shares based on the resolution of the Board of Directors meeting held on 28 October 2019. The treasury shares cancelled after the fiscal year-end were as follows: ・Class of shares cancelled: Common shares of the Company ・Number of shares cancelled: 23,427,745 shares ・Cancellation date: 20 January 2023」
Under a policy of balancing growth investment and shareholder returns, we cancelled 23,427,745 treasury shares after the end of the quarter. - FY2023-Q2AdvancedAnnual report
「Dividends paid by the parent company △55,704 Acquisition of treasury shares △33,151」
Under a policy of balancing growth investment and shareholder returns, we paid ¥55,704 million in dividends and recorded ¥33,151 million in treasury share acquisitions during the six-month period of the current fiscal year. - FY2023-Q1AdvancedAnnual report
「Increase from acquisition of treasury shares △10,343」
Under a policy of balancing growth investment and shareholder returns, we recorded ¥10,343 million in treasury share acquisitions in the first quarter of the current fiscal year. - FY2022AdvancedAnnual report
「Under these basic policies, the annual dividend per share for the current fiscal year will be ¥85.60, comprising the interim dividend of ¥39.00 already paid and a year-end dividend of ¥46.60. The payout ratio will be 33.0%.」
Under a policy of balancing growth investment with stable and ongoing dividends, we increased the annual dividend from ¥78 to ¥85.60 and disclosed an actual payout ratio of 33.0%. In May 2022, we also adopted a new resolution to acquire up to 40 million treasury shares for a maximum of ¥50 billion. - FY2022-Q3AdvancedAnnual report
「・Number of shares cancelled: 27,447,393 shares ・Cancellation date: 20 January 2022」
Of the treasury shares acquired as a measure to enhance shareholder returns and improve capital efficiency, 27,447,393 shares were cancelled on 20 January 2022, after the fiscal year-end. - FY2022-Q2AdvancedAnnual report
「Resolution Board of Directors meeting, 20 May 2021 Class of shares Common shares Total dividends ¥52,438 million Dividend per share ¥43.00 Record date 31 March 2021 Effective date 7 June 2021 Increase from acquisition of treasury shares △30,547」
Under a policy of balancing growth investment and shareholder returns, we paid a year-end dividend of ¥43 for the fiscal year ended March 2021 and recorded ¥30,547 million in treasury share acquisitions during the six-month period. - FY2022-Q1AdvancedAnnual report
「Resolution Board of Directors meeting, 20 May 2021 Class of shares Common shares Total dividends ¥52,438 million Dividend per share ¥43.00 Record date 31 March 2021 Effective date 7 June 2021」
Under a policy of balancing growth investment and shareholder returns, we paid a year-end dividend of ¥43 for the fiscal year ended March 2021. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, we resolved the matters stipulated in each item of Article 156, paragraph 1 of the Companies Act concerning the acquisition of treasury shares pursuant to Article 34 of the Company's Articles of Incorporation under Article 459, paragraph 1 of the Companies Act, as set out below.」
As a measure to enhance shareholder returns and improve capital efficiency, we newly resolved to acquire up to 50 million treasury shares for a maximum of ¥50 billion from 17 May 2021 through 31 March 2022. - FY2021-Q3AdvancedAnnual report
「We completed the acquisition of treasury shares based on the resolution of the Board of Directors meeting held on 2 November 2020 and cancelled treasury shares based on the resolution of the Board of Directors meeting held on 28 October 2019.」
For the treasury share acquisition, we had acquired a cumulative 28,230,500 shares for ¥44,199,883,050 by 8 January 2021 and cancelled the same number of shares on 29 January 2021. Measures to enhance shareholder returns and improve capital efficiency progressed to the execution stage. - FY2021-Q2AdvancedAnnual report
「Details of the treasury share acquisition ・Total number of shares to be acquired: Up to 50 million shares (approximately 4.0% of the total number of issued shares, excluding treasury shares) ・Total acquisition cost: Up to ¥44.2 billion ・Acquisition period: 9 November 2020 to 31 March 2021」
We disclosed a resolution to acquire up to 50 million treasury shares for a maximum of ¥44.2 billion from November 2020 through March 2021, with the aim of enhancing shareholder returns and improving capital efficiency. During the six-month period, we also recorded ¥11,243 million in treasury share acquisitions. - FY2021-Q1AdvancedAnnual report
「Resolution Board of Directors meeting, 21 May 2020 Class of shares Common shares Total dividends ¥51,493 million Dividend per share ¥41.00 Record date 31 March 2020 Effective date 18 June 2020」
In line with our policy of stable and ongoing dividends, we paid a year-end dividend of ¥41 for the fiscal year ended March 2020. In addition, we recorded ¥10,088 million in treasury share acquisitions during the first quarter and cancelled 10,674 thousand shares on 29 May. - FY2020AdvancedAnnual report
「Under these basic policies, the annual dividend per share for the current fiscal year will be ¥76.00, unchanged from ¥76.00 in the previous fiscal year, comprising the interim dividend of ¥35.00 already paid and a year-end dividend of ¥41.00. The payout ratio will be 32.0%, up 2 percentage points from the previous fiscal year.」
We maintained our policy of balancing growth investment with stable dividends, continued the annual dividend at ¥76, and increased the payout ratio from 30% to 32%. In addition, we acquired 34,061,300 treasury shares for ¥55,807 million and cancelled 10,674,148 shares. - FY2020-Q3AdvancedAnnual report
「Increase from acquisition of treasury shares △13,285」
For the acquisition of treasury shares aimed at enhancing shareholder returns and improving capital efficiency, an acquisition cost of ¥13,285 million was recorded in the statement of changes in equity for the nine-month period of the current fiscal year. - FY2020-Q2AdvancedAnnual report
「(1) Reasons for acquiring and cancelling treasury shares: To enhance shareholder returns and improve capital efficiency ・Total number of shares to be acquired: Up to 70 million shares (approximately 5.5% of the total number of issued shares, excluding treasury shares) ・Total acquisition cost: Up to ¥100 billion ・Acquisition period: 1 November 2019 to 8 May 2020」
In addition to the policy of balancing growth investment and dividends, we established a specific program to acquire and cancel treasury shares to enhance shareholder returns and improve capital efficiency. - FY2019AdvancedAnnual report
「Under these basic policies, the payout ratio will be 30%, up 3 percentage points from the previous fiscal year, and the annual dividend per share will increase from ¥66.00 in the previous fiscal year to ¥76.00 in the current fiscal year, comprising the interim dividend of ¥30.00 already paid and a year-end dividend of ¥46.00.」
Under a policy of using retained earnings for growth investment while paying stable dividends, we increased the annual dividend from ¥66 to ¥76 and disclosed a payout ratio of 30%. - FY2018AdvancedAnnual report
「Under these basic policies, the payout ratio will be 27%, up 2 percentage points from the previous fiscal year, and the annual dividend per share will increase from ¥52.25 in the previous fiscal year to ¥66.00 in the current fiscal year, comprising the interim dividend of ¥27.00 already paid and a year-end dividend of ¥39.00.」
Under a policy of balancing growth investment with stable and ongoing dividends, we increased the annual dividend from ¥52.25 to ¥66.00 and disclosed a payout ratio of 27%. - FY2017AdvancedAnnual report
「Under these basic policies, the annual dividend per share will increase from ¥45.75 in the previous fiscal year to ¥52.25 in the current fiscal year, comprising the interim dividend of ¥23.00 already paid and a year-end dividend of ¥29.25. Treasury share acquisitions will also be handled flexibly and promptly, taking into account changes in the business environment, share price trends, financial conditions and other factors, while considering the necessary level of retained earnings.」
While maintaining a policy of balancing growth investment with stable dividends, we increased the annual dividend from ¥45.75 to ¥52.25. Treasury share acquisitions ended at a cumulative 29,993,100 shares, with a total acquisition cost of ¥49.9 billion. - FY2017-Q2AdvancedAnnual report
「Reason for acquiring treasury shares: To implement a flexible capital policy in response to changes in the business environment」
At a meeting of the Board of Directors held on 26 October 2016, we resolved to acquire treasury shares through 31 March 2017, up to a maximum of 39,000,000 shares and a total acquisition cost of ¥50 billion. This gives concrete form to a flexible capital policy in addition to the existing dividend policy. - FY2016First statedAnnual report
「We will seek to increase shareholder value by retaining most of the profits generated by our business activities as retained earnings and using them to strengthen our business base and invest for growth. At the same time, we will pay stable and ongoing dividends that reflect our performance.」
Capital allocation policy of directing retained earnings toward growth investment while paying stable and ongoing dividends.