Balancing Retained Earnings, Financial Strengthening, Stable Dividends and Growth Investment
First written in FY2017-Q3. 4 of 11 entries say "Restated". Latest entry: FY2026.
- FY2026RaisedAnnual report
「We will achieve progressive dividends with a DOE of 2.0% as the floor and aim to increase dividends through higher earnings, alongside stable dividend payments.」
The previous policy of balancing stable dividends and growth investment has been supplemented with a specific return level and mechanism, namely progressive dividends with a DOE of 2.0% as the floor. - FY2022RestatedAnnual report
「For the time being, strengthening the financial position, which deteriorated amid the COVID-19 pandemic, is our top priority. We will pursue management reforms focused on an asset-light model, including selective capital investment, while also emphasizing returns to shareholders and working to allocate profits.」
The policy of strengthening the financial position while pursuing an asset-light model, selectively investing in capital expenditures and returning value to shareholders remains in place. - FY2021Plan to resume dividends after the no-dividend periodAnnual report
「On the assumption that earnings will recover under the new three-year medium-term management plan, we plan to resume dividends initially by forecasting a year-end dividend of ¥5 for the following consolidated fiscal year.」
While maintaining the basic policy of strengthening retained earnings and the financial position and paying stable dividends, the company suspended dividends for the current fiscal year and presented a plan to resume them with a ¥5 year-end dividend in the following fiscal year. - FY2021-Q2No-dividend forecast due to expected lossesAnnual report
「There is no change to our basic policy of strengthening the Group's management foundation and enhancing corporate value, strengthening our financial position by increasing retained earnings, and continuing to pay stable dividends. However, in light of the expectation of a substantial loss for the current consolidated fiscal year, we have forecast no interim or year-end dividend for the fiscal year ending March 2021, with the aim of minimizing the impairment of net assets.」
Although the basic policy of stable dividends remains unchanged, no interim or year-end dividend was forecast for the current fiscal year in light of the expectation of a substantial loss. - FY2020-Q3RestatedAnnual report
「Our basic policy is to strengthen the Group's management foundation and enhance corporate value, strengthen our financial position by increasing retained earnings, and continue to pay stable dividends. In the financial strategy under the Seibu Group Long-Term Strategy, we have also established a policy of maintaining an optimal balance between returns to stakeholders and investment contributing to growth.」
The policy of emphasizing a balance among retained earnings, the financial position, stable dividends, returns to stakeholders and growth investment is reiterated as the rationale for the treasury share repurchase. - FY2019-Q2RestatedAnnual report
「Our basic policy is to strengthen the Group's management foundation and enhance corporate value, strengthen our financial position by increasing retained earnings, and continue to pay stable dividends. In the financial strategy under the Seibu Group Long-Term Strategy, we have also established a policy of maintaining an optimal balance between returns to stakeholders and investment contributing to growth.」
The policy of emphasizing a balance among retained earnings, the financial position, stable dividends, returns to stakeholders and growth investment is reiterated. - FY2017RaisedAnnual report
「In light of these considerations, we will work to allocate profits using a consolidated payout ratio of 15% as a specific dividend guideline, in part because we intend to actively make investments contributing to growth for the time being.」
The previous policy of balancing stable dividends and growth investment has been supplemented with a specific guideline of a 15% consolidated payout ratio. - FY2017-Q3First statedAnnual report
「Our basic policy is to strengthen the Group's management foundation and enhance corporate value, strengthen our financial position by increasing retained earnings, and continue to pay stable dividends. In the financial strategy under the Seibu Group Long-Term Strategy, we have also established a policy of maintaining an optimal balance between returns to stakeholders and investment contributing to growth.」
The policy of strengthening the financial position through retained earnings, maintaining stable dividends, returning value to stakeholders and balancing growth investment is stated as the basis for the treasury share repurchase.