Shareholder Return Policy Targeting a 30% Payout Ratio
First written in FY2017. 4 of 9 entries say "Raised", first in FY2023. Latest entry: FY2026.
- FY2026RaisedAnnual report
「Our basic policy for profit distribution is to target a DOE (dividend on equity) of at least 4%. In principle, total annual dividends will not be reduced from the previous year's actual amount, with the Company maintaining or increasing dividends under a progressive dividend policy.\" Under the 14th Medium-Term Management Plan, the Company changed its basic policy for profit distribution from the fiscal year ending March 2027 to target a DOE of at least 6% and, in principle, maintain or increase annual dividends rather than reduce them from the previous year's actual amount.」
The DOE target was raised from at least 4% to at least 6% for the fiscal year ending March 2027 and thereafter. The progressive dividend policy continues. - FY2024RaisedAnnual report
「Our basic policy for profit distribution is to pay dividends with a target payout ratio of 40%. In principle, total annual dividends will not be reduced from the previous year's actual amount, with the Company maintaining or increasing dividends under a progressive dividend policy. As a basic policy regarding the number of dividend payments, we pay dividends from retained earnings twice a year, consisting of an interim dividend and a year-end dividend.」
While maintaining the 40% dividend payout ratio policy, the Company newly stated its progressive dividend policy of generally maintaining or increasing dividends rather than reducing them from the previous year's actual amount. - FY2023RaisedAnnual report
「Our basic policy for profit distribution is to pay dividends with a target payout ratio of 40%, taking comprehensive account of future earnings forecasts, efforts to strengthen the Company's financial position, the dividend payout ratio and other factors.」
The Company raised its policy from targeting a 30% dividend payout ratio to targeting a 40% payout ratio. The policy of paying dividends twice a year, comprising an interim dividend and a year-end dividend, continues. - FY2021RestatedAnnual report
「Our basic policy for profit distribution is to pay dividends with a target payout ratio of 30%, taking comprehensive account of future earnings forecasts, efforts to strengthen the Company's financial position, the dividend payout ratio and other factors.」
The Company continues its policy of paying dividends with a target payout ratio of 30%, taking earnings forecasts and efforts to strengthen the Company's financial position into account. The consolidated dividend payout ratio was 30.3%. - FY2018RestatedAnnual report
「Our basic policy for profit distribution is to pay dividends with a target payout ratio of 30%, taking comprehensive account of future earnings forecasts, efforts to strengthen the Company's financial position, the dividend payout ratio and other factors. As a basic policy regarding the number of dividend payments, we pay dividends from retained earnings twice a year, consisting of an interim dividend and a year-end dividend. For the current fiscal year, the Company decided to pay a dividend of ¥65 per share, including an interim dividend of ¥30. As a result, the dividend payout ratio for the fiscal year was 45.9%, while the consolidated dividend payout ratio for the current consolidated fiscal year was 30.2%.」
The Company continued its policy of paying dividends twice a year with a target payout ratio of 30%, and decided on a dividend of ¥65 per share for the current fiscal year, resulting in a consolidated payout ratio of 30.2%. - FY2017First statedAnnual report
「Our basic policy for profit distribution is to pay dividends with a target payout ratio of 30%, taking comprehensive account of future earnings forecasts, efforts to strengthen the Company's financial position, the dividend payout ratio and other factors. As a basic policy regarding the number of dividend payments, we pay dividends from retained earnings twice a year, consisting of an interim dividend and a year-end dividend.」
The Company stated its basic policy of returning profits through interim and year-end dividends, paid twice a year, while targeting a 30% payout ratio and taking earnings forecasts and efforts to strengthen the Company's financial position into account.