Resuming Dividends Following Earnings Recovery
First written in FY2016. 8 of 23 entries say "Raised", first in FY2022. Latest entry: 2026-10-16.
The whole theme swung hardest in 2017: 3 of 15 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026RaisedAnnual report
「The company has changed its dividend policy for the fiscal year ending March 2027 and thereafter and will continue to pay dividends targeting a DOE of 5%.」
The company raised its DOE target from 4% to 5%. It plans an annual dividend of ¥40 for the fiscal year ending March 2026 and an interim dividend of ¥22 and a year-end dividend of ¥23 for the fiscal year ending March 2027. - FY2026-H1AdvancedAnnual report
「At a Board of Directors meeting held on 21 October 2025, the company resolved the following matters concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥426 million (b) Dividend per share: ¥16.00 (c) Effective date of the claim for payment and payment commencement date: 2 December 2025」
The company resolved an interim dividend of ¥16 per share, totaling ¥426 million, for the fiscal year ending March 2026, and set 2 December 2025 as the payment commencement date. The planned interim dividend of ¥16 from the previous fiscal year advanced to the formal resolution stage. - FY2025RaisedAnnual report
「Based on its basic policy and in light of the outlook for strong full-year consolidated performance in the current fiscal year, the company plans to increase the annual dividend by ¥8 per share from the previous ¥24.00 to ¥32.00, representing an annual increase of 33%. As an interim dividend of ¥12.00 per share has been paid, the company plans to submit a proposal to set the year-end dividend at ¥20.00 per share at the 26th Annual General Meeting of Shareholders scheduled for 25 June 2025. For the fiscal year ending March 2026, the company plans an interim dividend of ¥16 per share.」
Under its policy of paying dividends twice a year and targeting a DOE of 4%, the company plans to increase the annual dividend by ¥8, from ¥24 in the previous fiscal year to ¥32, and raise the interim dividend for the fiscal year ending March 2026 to ¥16. - FY2025-H1AdvancedAnnual report
「26 June 2024 Annual General Meeting of Shareholders Common shares 446 16 31 March 2024 27 June 2024 Retained earnings」
The company paid a year-end dividend of ¥16 per share, totaling ¥446 million, for the fiscal year ended March 2024. It also resolved an interim dividend of ¥12 per share, totaling ¥329 million, with a record date of 30 September 2024, continuing implementation of its policy of stable dividends paid twice a year. - FY2024-Q3AchievedAnnual report
「At a Board of Directors meeting held on 17 October 2023, the company resolved the following matters concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥227 million (b) Dividend per share: ¥8.00 (c) Effective date of the claim for payment and payment commencement date: 4 December 2023」
The planned interim dividend for the fiscal year ending March 2024 was paid from 4 December 2023 at ¥8 per share, totaling ¥227 million, bringing the policy of stable dividends paid twice a year into implementation. - FY2024-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 17 October 2023, the company resolved the following matters concerning the interim dividend for the current fiscal year. (a) Total dividends: ¥227 million (b) Dividend per share: ¥8.00 (c) Effective date of the claim for payment and payment commencement date: 4 December 2023」
In line with its policy of stable dividends paid twice a year, the company resolved to pay an interim dividend of ¥8 per share, totaling ¥227 million, for the fiscal year ending March 2024, and set 4 December 2023 as the payment commencement date. - FY2024-Q1RestatedAnnual report
「27 June 2023 Annual General Meeting of Shareholders Common shares 488 17 31 March 2023 28 June 2023 Retained earnings」
It was confirmed that the company paid the ¥17 per-share dividend raised in the previous fiscal year, totaling ¥488 million. - FY2023RaisedAnnual report
「As its basic policy, the company continues to pay stable dividends twice a year, targeting a consolidated dividend on equity (DOE) of 4%, while comprehensively considering future business development toward achieving the Group’s goals and giving due consideration to the internal reserves necessary to strengthen its management base. As the company achieved higher profit than in the previous fiscal year, it plans to increase the dividend by ¥6 per share from the previous ¥11.00 to ¥17.00, representing an annual increase of 33%. Having paid an interim dividend of ¥12.00 per share, the company plans to submit a proposal to set the year-end dividend at ¥20.00 per share at the 26th Annual General Meeting of Shareholders scheduled for 25 June 2025. The company plans an interim dividend of ¥16 per share for the fiscal year ending March 2026.」
The company increased the dividend per share by ¥6, from ¥11 to ¥17, and expanded its policy to dividends paid twice a year, targeting a DOE of 4%. It plans to pay interim dividends from the fiscal year ending March 2024, with an interim dividend of ¥8 per share. - FY2023-Q2RestatedAnnual report
「28 June 2022 Annual General Meeting of Shareholders Common shares 320 11 31 March 2022 29 June 2022 Retained earnings」
It was confirmed that, for the second consecutive fiscal year, the company paid a dividend of ¥11 per share, totaling ¥320 million, on 29 June 2022. - FY2023-Q1RestatedAnnual report
「28 June 2022 Annual General Meeting of Shareholders Common shares 320 11 31 March 2022 29 June 2022 Retained earnings」
It was confirmed that the company paid a dividend of ¥11 per share, totaling ¥320 million, for the second consecutive fiscal year. - FY2022RaisedAnnual report
「As net income for the current fiscal year was positive and distributable funds were secured, the company set the year-end dividend at ¥11 per share.」
Following the resumption of dividends, the dividend increased from the previous ¥10 per share to ¥11. The company aims to continue paying dividends at the same level as in the fiscal year under review. - FY2022-Q3RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares Total dividends 291 Dividend per share 10 Record date 31 March 2021 Effective date 30 June 2021 Source of dividends Retained earnings」
The payment of a dividend of ¥10 per share, totaling ¥291 million, was reconfirmed in the notes on shareholders’ equity and other matters. - FY2022-Q1AchievedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares Total dividends 291 Dividend per share 10 Record date 31 March 2021 Effective date 30 June 2021 Source of dividends Retained earnings」
Against the previous objective of resuming dividends after recovery in operating performance, the company paid a dividend of ¥10 per share, totaling ¥291 million. - FY2021-Q1AdvancedAnnual report
「In light of these circumstances, after comprehensively considering such matters as adjusting the company’s share price and investment unit to appropriate levels and achieving an appropriate number of issued shares for implementing flexible and agile shareholder return measures in the future, the company decided to conduct a share consolidation at a ratio of 5 shares to 1 share.」
Although this was not itself a resumption of dividends, the company resolved to consolidate its shares at a ratio of 5 shares to 1, effective 1 October 2020, giving concrete form to the capital policy preparations needed to implement flexible and agile shareholder return measures in the future. - FY2020-Q1AdvancedAnnual report
「For the purpose of covering accumulated losses, improving creditworthiness and securing flexibility in capital policy, including future shareholder returns through dividends and share repurchases, the company will reduce the amounts of stated capital and the capital reserve pursuant to Article 447, paragraph 1 and Article 448, paragraph 1 of the Companies Act, transfer the reductions to other capital surplus, and transfer the resulting increase in other capital surplus to retained earnings brought forward pursuant to Article 452 of the Companies Act.」
The reduction of capital and coverage of accumulated losses dated 30 July 2019 explicitly stated the objective of securing flexibility in future capital policy, including dividends and share repurchases. While this did not itself constitute a resumption of dividends, it disclosed progress on the capital front toward shareholder returns. - FY2016First statedAnnual report
「With regard to dividends for the next fiscal year, we intend to make every effort to restore dividends as soon as possible by recovering operating performance, but we expect to pay no dividends until distributable funds can be secured.」
The company will pay no dividend for the current fiscal year and has indicated that it aims to resume dividends once distributable funds are secured and operating performance recovers.