Dividend Policy Linked to Earnings Levels
First written in FY2016. 23 of 29 entries say "Restated". Latest entry: FY2026.
- FY2026Annual dividend of ¥140.3 per share declaredAnnual report
「For dividends for the current fiscal year, we decided, in accordance with the above policy, to pay a dividend of ¥140.3 per share, representing a payout ratio of 33.0% (including an interim dividend of ¥56).」
The 33% payout ratio policy was maintained, and the annual dividend increased from ¥139.9 to ¥140.3 per share. The interim dividend was ¥56. - FY2026-H1Interim dividend increased to ¥56 per shareAnnual report
「At the Board of Directors meeting held on 12 February 2026, the following resolution was passed concerning the interim dividend for the current period. (a) Total dividends ........................................ ¥974 million (b) Dividend per share ................................ ¥56.00」
The dividend per share for the current interim period was ¥56, up from ¥43 in the same interim period of the previous year. No change in the dividend policy funded from retained earnings was disclosed. - FY2025RaisedAnnual report
「Our policy for allocating profits is to balance the allocation of net income attributable to owners of the parent among "shareholder returns," "growth investment" and "financial stability," with the aim of further enhancing shareholder returns. Our payout ratio is 33%.」
The payout ratio was raised from the previous 25% to 33%, and the three-way allocation policy for shareholder returns, growth investment and financial stability was explicitly stated. For the current fiscal year, the dividend was ¥139.9 per share, including an interim dividend of ¥43, with a payout ratio of 33.0%. - FY2025-H1Interim dividend increased to ¥43 per shareAnnual report
「At the Board of Directors meeting held on 13 February 2025, the following resolution was passed concerning the interim dividend for the current period. "Dividend amount per share ........................................ ¥735 million" "Dividend amount per share ........................................ ¥43.00"」
An interim dividend of ¥43 per share, with 31 December 2024 as the record date, was approved. Although this was higher than the ¥15 paid in the previous interim period, no change in the ongoing dividend policy funded from retained earnings was disclosed. - FY2024-Q2RestatedAnnual report
「At the Board of Directors meeting held on 8 February 2024, the following resolution was passed concerning the interim dividend for the current period. (a) Total dividends ........................................ ¥256 million (b) Dividend per share ................................ ¥15.00」
An interim dividend of ¥15 per share, totaling ¥256 million, with 31 December 2023 as the record date, was approved, and an ongoing return of profits to shareholders has continued. - FY2024-Q1RestatedAnnual report
「27 September 2023 Annual General Meeting of Shareholders Common shares 615 36.00 30 June 2023 28 September 2023 Retained earnings」
Using retained earnings as the source of funds, a final dividend of ¥36 per share was paid, and an ongoing return of profits to shareholders linked to profit levels was maintained. - FY2023-Q2RestatedAnnual report
「28 September 2022 Annual General Meeting of Shareholders Common shares 382 22.70 30 June 2022 29 September 2022 Retained earnings 9 February 2023 Board of Directors meeting Common shares 256 15.00 31 December 2022 10 March 2023 Retained earnings」
Using retained earnings as the source of funds, a final dividend of ¥22.70 per share and an interim dividend of ¥15 per share were approved and paid, and the ongoing return of profits to shareholders has continued. - FY2022-Q3RestatedAnnual report
「10 February 2022 Board of Directors meeting (Note 2) Common shares 252 15.00 31 December 2021 11 March 2022 Retained earnings」
An interim dividend of ¥15 per share, with 31 December 2021 as the record date, was approved and paid, and the return of profits to shareholders has continued. - FY2022-Q1RestatedAnnual report
「28 September 2021 Annual General Meeting of Shareholders Common shares 659 39.10 30 June 2021 29 September 2021 Retained earnings」
Based on the resolution of the 28 September 2021 Annual General Meeting of Shareholders, a dividend of ¥39.10 per share was paid, and the return of profits to shareholders has continued. No change in the dividend policy was disclosed. - FY2021RestatedAnnual report
「For dividends for the current fiscal year, as basic earnings per share exceeded ¥80, we decided, in accordance with the above policy, to pay a dividend of ¥54.1 per share, representing a payout ratio of 25.0% (including an interim dividend of ¥15).」
The dividend policy by profit level was applied, resulting in a payout ratio of 25% and a dividend of ¥54.1 per share. - FY2021-Q3RestatedAnnual report
「10 February 2021 Board of Directors meeting Common shares 252 15.00 31 December 2020 11 March 2021 Retained earnings」
An interim dividend of ¥15 per share, with 31 December 2020 as the record date, was paid, and the return of profits to shareholders has continued. - FY2021-Q2RestatedAnnual report
「10 February 2021 Board of Directors meeting Common shares 252 15.00 31 December 2020 11 March 2021 Retained earnings」
An interim dividend of ¥15 per share, with 31 December 2020 as the record date, was approved, and the return of profits to shareholders has continued. - FY2021-Q1RestatedAnnual report
「29 September 2020 Annual General Meeting of Shareholders Common shares 347 20.60 30 June 2020 30 September 2020 Retained earnings」
Based on the resolution of the 29 September 2020 Annual General Meeting of Shareholders, a dividend of ¥20.60 per share was paid, and the return of profits to shareholders has continued. - FY2020-Q3RestatedAnnual report
「At the Board of Directors meeting held on 7 February 2020, the following resolution was passed concerning the interim dividend for the current period.」
An interim dividend of ¥15 per share, totaling ¥252 million, was approved, and dividends have continued. - FY2020-Q2RestatedAnnual report
「7 February 2020 Board of Directors meeting Common shares 252 15.00 31 December 2019 10 March 2020 Retained earnings」
An interim dividend of ¥15 per share, with 31 December 2019 as the record date, was approved, and dividends have continued. - FY2020-Q1RestatedAnnual report
「26 September 2019 Annual General Meeting of Shareholders Common shares 352 20.90 30 June 2019 27 September 2019 Retained earnings」
Based on the resolution of the 26 September 2019 Annual General Meeting of Shareholders, a dividend of ¥20.90 per share was paid, and dividends have continued. - FY2019-Q2RestatedAnnual report
「At the Board of Directors meeting held on 8 February 2019, the following resolution was passed concerning the interim dividend for the current period.」
An interim dividend of ¥4 per share, totaling ¥67 million, was approved. No change in the dividend policy linked to profit levels was disclosed. - FY2019-Q1RestatedAnnual report
「The total dividends approved at the 27 September 2018 Annual General Meeting of Shareholders include ¥5 million in dividends on the Company's own shares held by Trust & Custody Services Bank, Ltd. (Trust Account E) as trust assets for the Stock Benefit Trust (BBT).」
Based on the resolution of the 27 September 2018 Annual General Meeting of Shareholders, a dividend of ¥17.10 per share was paid. No change in the dividend policy was disclosed. - FY2018RestatedAnnual report
「Because basic earnings per share for the current fiscal year exceeded ¥80, the company decided, in accordance with the above policy, to pay a dividend of ¥32.1 per share, representing a payout ratio of 25.0%, including an interim dividend of ¥15.」
The dividend standards based on earnings levels were unchanged, and the 25% payout ratio applicable when basic earnings per share exceed ¥80 was applied. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 February 2018, the following resolution was adopted regarding the interim dividend for the current period.」
An interim dividend of ¥15 per share, totalling ¥252 million, was approved, and the return of profits based on the dividend policy linked to earnings levels continues. - FY2018-Q1RestatedAnnual report
「The total dividend approved at the ordinary general meeting of shareholders held on 28 September 2017 includes a ¥12 million dividend on the company's shares held by Asset Management Service Bank, Ltd. (Trust Account E) as trust assets of the Stock Benefit Trust (BBT).」
Based on the resolution of the ordinary general meeting of shareholders held on 28 September 2017, a dividend of ¥36.90 per share, totalling ¥622 million, was paid. - FY2017RestatedAnnual report
「Because earnings per share for the current fiscal year exceeded ¥80, the company decided, in accordance with the above policy, to pay a dividend of ¥51.9 per share, representing a payout ratio of 25.0%, including an interim dividend of ¥15.」
The dividend policy based on earnings levels was applied, resulting in a payout ratio of 25.0% and a dividend of ¥51.9 per share. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 February 2017, the following resolution was adopted regarding the interim dividend for the current period.」
The approval and payment of the interim dividend continue, with an interim dividend of ¥15 per share being paid. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 February 2017, the following resolution was adopted regarding the interim dividend for the current period.」
An interim dividend of ¥15 per share was approved, with no change disclosed in the policy of paying dividends. - FY2017-Q1RestatedAnnual report
「The total dividend approved at the ordinary general meeting of shareholders held on 28 September 2016 includes a ¥13 million dividend on the company's shares held by Asset Management Service Bank, Ltd. (Trust Account E) as trust assets of the Stock Benefit Trust (BBT).」
A dividend was paid, with no change to the dividend policy disclosed. The dividend on common shares was ¥37.40 per share, for a total of ¥633 million. - FY2016First statedAnnual report
「Annual dividend of ¥8 per share when consolidated earnings per share are ¥40 or less; 20% of earnings per share when earnings per share exceed ¥40 but are ¥80 or less; and 25% of earnings per share when earnings per share exceed ¥80.」
The company sets out dividend standards based on earnings levels as a basic policy designed to balance business expansion and stronger corporate fundamentals through retained earnings with the return of profits to shareholders.