Stable, Consistent Dividends Based on a Payout Ratio of 30% or Higher
First written in FY2016. 27 of 35 entries say "Restated". Latest entry: 2026-09-17.
- FY2026AdvancedAnnual report
「The annual dividend for the fiscal year will be determined and paid after taking into account the financial and net asset positions and profit for the period. An interim dividend of ¥15 per share was paid, and a year-end dividend of ¥28 per share, including an ordinary dividend of ¥25 and a ¥3 commemorative dividend marking the company's 105th anniversary, is scheduled to be approved and paid at the Annual General Meeting of Shareholders scheduled for 24 June 2026.」
While maintaining the annual dividend floor of ¥30 for the period covered by the Seventh Medium-Term Management Plan, the annual dividend for the fiscal year ended March 2026 was ¥43, comprising an interim dividend of ¥15 and a planned year-end dividend of ¥28. A ¥3 commemorative dividend marking the company's 105th anniversary is also planned. - FY2025RaisedAnnual report
「As part of further strengthening shareholder returns, the annual dividend per share will have a floor of ¥30 for the 5 fiscal years covered by the Seventh Medium-Term Management Plan.」
For the 5-year period covered by the Seventh Medium-Term Management Plan, the annual dividend floor was raised from the previous ¥20 to ¥30. For the fiscal year ending March 2025, an annual dividend of ¥30 is planned, comprising an interim dividend of ¥15 and a year-end dividend of ¥15. - FY2025-H1RestatedAnnual report
「Regarding the interim dividend for the 80th fiscal year (1 April 2024 to 31 March 2025), the Board of Directors resolved at its meeting held on 30 October 2024 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2024: ② Dividend per share: ¥15.00」
There was no material change to the shareholder return policy based on a dividend payout ratio of approximately 50%. The interim dividend increased to ¥15 per share from ¥10 in the same period of the previous year. - FY2024RestatedAnnual report
「Based on our management philosophy of doing our BEST for shareholders, our basic policy is to pay dividends based on a payout ratio of approximately 50%, while taking into account continuity, net assets and other management considerations.」
The policy based on a dividend payout ratio of approximately 50% and the policy of an annual dividend floor of ¥20 per share during the period covered by the Sixth Medium-Term Management Plan were maintained. The annual dividend for the fiscal year ended March 2024 was ¥24. - FY2024-Q3RestatedAnnual report
「Regarding the interim dividend for the 79th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 30 October 2023 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2023: ① Total dividends: ¥651 million ② Dividend per share: ¥10.00 ③ Effective date of the dividend receivable and dividend payment commencement date: 4 December 2023」
Under the policy of an annual dividend floor of ¥20 per share during the period covered by the Sixth Medium-Term Management Plan, an interim dividend of ¥10 per share was paid. - FY2024-Q2RestatedAnnual report
「Regarding the interim dividend for the 79th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 30 October 2023 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2023: ① Total dividends: ¥651 million ② Dividend per share: ¥10.00 ③ Effective date of the dividend receivable and dividend payment commencement date: 4 December 2023」
During the period covered by the Sixth Medium-Term Management Plan, when the annual dividend floor was set at ¥20 per share, an interim dividend of ¥10 per share, totaling ¥651 million, was approved. - FY2024-Q1RestatedAnnual report
「27 June 2023 Annual General Meeting of Shareholders Common shares Retained earnings 1,302 20.0 31 March 2023 28 June 2023」
A year-end dividend of ¥20 per share, totaling ¥1,302 million, was paid for the fiscal year ended March 2023. Combined with the previous year's interim dividend of ¥2, the annual dividend was ¥22, exceeding the annual dividend floor of ¥20 for the plan period. - FY2023RaisedAnnual report
「For the 3 fiscal years covered by the Sixth Medium-Term Management Plan (from the fiscal year ending March 2023 through the fiscal year ending March 2025), the annual dividend per share will have a floor of ¥20, in consideration of the company's appreciation for the support received from shareholders to date and the current net asset position, among other factors.」
In addition to the policy based on a dividend payout ratio of approximately 50%, a new annual dividend floor of ¥20 per share was established for the 3 fiscal years covered by the Sixth Medium-Term Management Plan. The annual dividend for the fiscal year ended March 2023 was ¥22. - FY2023-Q3RestatedAnnual report
「Regarding the interim dividend for the 78th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors resolved at its meeting held on 28 October 2022 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2022.」
Under the shareholder return policy based on a dividend payout ratio of approximately 50%, an interim dividend of ¥2 per share, totaling ¥130 million, was approved with 30 September 2022 as the record date. - FY2023-Q2RestatedAnnual report
「Regarding the interim dividend for the 78th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors resolved at its meeting held on 28 October 2022 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2022: ① Total dividends: ¥130 million ② Dividend per share: ¥2.00 ③ Effective date of the dividend receivable and dividend payment commencement date: 2 December 2022」
There was no change to the shareholder return policy itself, which is based on a dividend payout ratio of approximately 50%, and an interim dividend of ¥2 per share, totaling ¥130 million, was approved with 30 September 2022 as the record date. - FY2023-Q1RestatedAnnual report
「24 June 2022 Annual General Meeting of Shareholders Common shares Retained earnings 390 6.0 31 March 2022 27 June 2022」
A year-end dividend of ¥6 per share, totaling ¥390 million, was paid for the fiscal year ended March 2022 pursuant to a resolution of the Annual General Meeting of Shareholders. - FY2022RestatedAnnual report
「Based on our management philosophy of doing our BEST for shareholders, our basic policy is to pay dividends based on a payout ratio of approximately 50%, while taking into account continuity, net assets and other management considerations.」
The policy based on a dividend payout ratio of approximately 50% was maintained. The annual dividend for the fiscal year was ¥14 per share, and the payout ratio was 64.4%. - FY2022-Q2RestatedAnnual report
「Regarding the interim dividend for the 77th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 28 October 2021 to pay an interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2021: ① Total dividends: ¥520 million ② Dividend per share: ¥8.00 ③ Effective date of the dividend receivable and dividend payment commencement date: 2 December 2021」
Under the shareholder return policy based on a dividend payout ratio of approximately 50%, an interim dividend of ¥8 per share, totaling ¥520 million, was approved. Of this amount, ¥2 was a commemorative dividend marking the company's 100th anniversary. - FY2022-Q1RestatedAnnual report
「24 June 2021 Annual General Meeting of Shareholders Common shares Retained earnings 651 10.0 31 March 2021 25 June 2021」
There is no change to the shareholder return policy, which is based on a dividend payout ratio of approximately 50%. A year-end dividend of ¥10 per share, totaling ¥651 million, was paid for the fiscal year ended March 2021, of which ¥2 was a commemorative dividend marking the company's 100th anniversary. - FY2021RestatedAnnual report
「Based on our management philosophy of doing our best for shareholders, our basic shareholder return policy is to pay dividends based on a payout ratio of approximately 50%, while taking continuity, net assets, and other management considerations into account.」
The policy based on a payout ratio of approximately 50% was maintained. The annual dividend for the fiscal year was ¥16 per share, with a payout ratio of 55.1%; the year-end dividend included a ¥2 commemorative dividend for the Company’s 100th anniversary. - FY2021-Q2RestatedAnnual report
「Regarding the interim dividend for the 76th fiscal year, from 1 April 2020 to 31 March 2021, the Board of Directors resolved at its meeting held on 29 October 2020 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2020 as follows: ① Total dividends: ¥390 million ② Dividend per share: ¥6.00 ③ Effective date of the right to claim payment and payment commencement date: 2 December 2020」
There was no change to the shareholder return policy based on a payout ratio of approximately 50%. The interim dividend for which 30 September 2020 was the record date increased to ¥6 per share from ¥4 per share in the same period of the previous year and was approved at a total of ¥390 million. - FY2021-Q1RestatedAnnual report
「24 June 2020 Annual General Meeting of Shareholders Common shares Retained earnings 260 4.0 31 March 2020 25 June 2020」
No change to the shareholder return policy was disclosed. A year-end dividend of ¥4 per share, totaling ¥260 million, was paid for the fiscal year ending March 2020. - FY2020RaisedAnnual report
「Based on our management philosophy of doing our best for shareholders, our basic shareholder return policy is to pay dividends based on a payout ratio of approximately 50%, while taking continuity, net assets, and other management considerations into account.」
We changed the policy from one based on a payout ratio of at least 30% to one based on a payout ratio of approximately 50%. For the fiscal year ending March 2020, the annual dividend was ¥8 per share and the payout ratio was 67.4%. - FY2020-Q2RestatedAnnual report
「Regarding the interim dividend for the 75th fiscal year, from 1 April 2019 to 31 March 2020, the Board of Directors resolved at its meeting held on 29 October 2019 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2019 as follows: ① Total dividends: ¥268 million ② Dividend per share: ¥4.00 ③ Effective date of the right to claim payment and payment commencement date: 3 December 2019」
There was no change to the policy of a payout ratio of at least 30% and stable and sustainable dividends. The interim dividend for which 30 September 2019 was the record date was approved at ¥4 per share, totaling ¥268 million. - FY2020-Q1RestatedAnnual report
「25 June 2019 Annual General Meeting of Shareholders Common shares Retained earnings 140 2.0 31 March 2019 26 June 2019」
Under the policy of a payout ratio of at least 30% and stable and sustainable dividends, a year-end dividend of ¥2 per share, totaling ¥140 million, was paid. - FY2019RestatedAnnual report
「Based on our management philosophy of doing our best for shareholders, our basic dividend policy is, in principle, to pay annual dividends per share based on performance so that the payout ratio is at least 30%, while taking stable and sustainable dividends into consideration.」
There was no change to the basic policy of a payout ratio of at least 30% and stable and sustainable dividends. The annual dividend for the fiscal year was ¥4 per share, comprising interim and year-end dividends of ¥2 each, and the payout ratio was 150.4%. - FY2019-Q3RestatedAnnual report
「Regarding the interim dividend for the 74th fiscal year, from 1 April 2018 to 31 March 2019, the Board of Directors resolved at its meeting held on 29 October 2018 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2018 as follows: ① Total dividends: ¥140 million ② Dividend per share: ¥2.00 ③ Effective date of the right to claim payment and payment commencement date: 4 December 2018」
Under the policy of stable and sustainable dividends and a payout ratio of at least 30%, an interim dividend of ¥2 per share, totaling ¥140 million, was paid. - FY2019-Q2RestatedAnnual report
「Regarding the interim dividend for the 74th fiscal year, from 1 April 2018 to 31 March 2019, the Board of Directors resolved at its meeting held on 29 October 2018 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2018 as follows: ① Total dividends: ¥140 million ② Dividend per share: ¥2.00 ③ Effective date of the right to claim payment and payment commencement date: 4 December 2018」
There was no change to the basic policy of stable and sustainable dividends and a payout ratio of at least 30%. The interim dividend was approved at ¥2 per share, totaling ¥140 million. - FY2019-Q1RestatedAnnual report
「27 June 2018 Annual General Meeting of Shareholders Common shares Retained earnings 1,051 15.0 31 March 2018 28 June 2018」
Based on the resolution of the Annual General Meeting of Shareholders, a year-end dividend of ¥15 per share, totaling ¥1,051 million, was paid on 28 June 2018. This was the payment made under the policy of an annual dividend of ¥20 for the previous fiscal year. - FY2018RestatedAnnual report
「Based on our management philosophy of doing our best for shareholders, our basic dividend policy is, in principle, to pay annual dividends per share based on performance so that the payout ratio is at least 30%, while taking stable and sustainable dividends into consideration.」
We maintained the policy of a payout ratio of at least 30% and stable and sustainable dividends. For the fiscal year, the annual dividend was ¥20 per share, comprising an interim dividend of ¥5 and a year-end dividend of ¥15, with a payout ratio of 54.2%. - FY2018-Q3RestatedAnnual report
「Regarding the interim dividend for the 73rd fiscal year, from 1 April 2017 to 31 March 2018, the Board of Directors resolved at its meeting held on 27 October 2017 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2017 as follows: ① Total dividends: ¥353 million ② Dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 4 December 2017」
Under the policy of stable and sustainable dividends, an interim dividend of ¥5 per share, totaling ¥353 million, was paid. - FY2018-Q2RestatedAnnual report
「Regarding the interim dividend for the 73rd fiscal year, from 1 April 2017 to 31 March 2018, the Board of Directors resolved at its meeting held on 27 October 2017 to pay an interim dividend to shareholders recorded in the shareholder registry as of 30 September 2017 as follows: ① Total dividends: ¥353 million ② Dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 4 December 2017」
Under the policy of stable and sustainable dividends, an interim dividend of ¥5 per share was approved. - FY2017RestatedAnnual report
「As a general policy, we will pay annual dividends per share based on performance so that the payout ratio is at least 30%, while taking stable and sustainable dividends into consideration.」
We maintain a policy of a payout ratio of at least 30% and stable and sustainable dividends. The annual dividend for the fiscal year was ¥7.0 per share, with a payout ratio of 51.6%. - FY2016First statedAnnual report
「As a general policy, we will pay annual dividends per share based on performance so that the payout ratio is at least 30%, while taking stable and sustainable dividends into consideration.」
We have clearly stated a minimum payout ratio and a policy of stable and sustainable dividends.