Balancing Retained Earnings with Stable Shareholder Returns
First written in FY2016. 7 of 22 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-07-27.
- 2026-07-27RestatedFinancial Results Presentation
「The dividend forecast is unchanged from the initial forecast, with an annual dividend of ¥90 per share planned.」
The annual dividend forecast of ¥90 per share was left unchanged from the initial forecast. - FY2026RaisedAnnual report
「Our basic policy is to provide stable dividends, while strengthening retained earnings necessary to reinforce our management base in preparation for future business investment and changes in the business environment, using a consolidated dividend payout ratio of 30% and a consolidated dividend-on-equity ratio of 2% as benchmarks.」
The existing policy of retaining earnings and maintaining stable dividends was supplemented with explicit targets of a consolidated dividend payout ratio of 30% and a consolidated dividend-on-equity ratio of 2%. The annual dividend was ¥90 per share, and the consolidated payout ratio was 30.5%. - FY2026-H1RaisedAnnual report
「28 October 2025 Board of Directors Common shares 552 45.00 30 September 2025 19 November 2025 Retained earnings」
The interim dividend was set at ¥45 per share, up from ¥40 per share in the same period of the previous year. Under its policy of balancing retained earnings and shareholder returns, the Company is raising the level of shareholder returns. - FY2025-H1RaisedAnnual report
「30 October 2024 Board of Directors Common shares 490 40.00 30 September 2024 21 November 2024 Retained earnings」
The interim dividend for the current interim period was set at ¥40 per share, up from ¥20 per share in the same period of the previous year, raising the level of shareholder returns. - FY2024RaisedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥60 per share, including an interim dividend of ¥20, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was 22.6% and the consolidated dividend on equity ratio was 1.4%.」
The annual dividend was increased from ¥40 per share in the previous fiscal year to ¥60 per share, comprising an interim dividend of ¥20 and a year-end dividend of ¥40. - FY2024-Q2RestatedAnnual report
「27 October 2023 Board of Directors Common shares 245 20.00 30 September 2023 22 November 2023 Retained earnings」
The interim dividend with a record date of 30 September 2023 was set at ¥20 per share, for a total of ¥245 million, continuing stable shareholder returns. - FY2023RestatedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥40 per share, including an interim dividend of ¥20, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was 42.7% and the consolidated dividend on equity ratio was 1.0%.」
Under its basic policy of balancing retained earnings and shareholder returns, the Company continued to pay an annual dividend of ¥40 per share. - FY2022AdvancedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥40 per share, including an interim dividend of ¥20, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was 26.7% and the consolidated dividend on equity ratio was 1.0%.」
The annual dividend was restored from ¥20 per share in the previous fiscal year to ¥40 per share, with interim and year-end dividends of ¥20 each. - FY2022-Q2AdvancedAnnual report
「(c) Interim dividend per share ¥20.00」
After no dividend was paid in the second quarter of the previous fiscal year, the Company resolved to pay an interim dividend of ¥20 per share in the current fiscal year, resuming shareholder returns. - FY2021SoftenedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥20 per share, with no interim dividend, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was △2.9% and the consolidated dividend on equity ratio was 0.5%.」
The basic policy on retained earnings and shareholder returns was maintained, but no interim dividend was paid during the current fiscal year, resulting in an annual dividend of ¥20 per share. - FY2021-Q2SoftenedAnnual report
「Of the dividends with a record date falling within the six-month period of the current consolidated fiscal year, none had an effective date after the end of the current six-month consolidated accounting period. There were no applicable items because no dividend was paid.」
Although an interim dividend of ¥20 per share was paid in the same period of the previous year, no dividend was paid for the second quarter of the current fiscal year. - FY2020AdvancedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥40 per share, including an interim dividend of ¥20, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was 24.0% and the consolidated dividend on equity ratio was 0.9%.」
The annual dividend was maintained at ¥40 per share, while the consolidated dividend payout ratio increased from 12.0% in the previous fiscal year to 24.0%. - FY2020-Q2AdvancedAnnual report
「30 October 2019 Board of Directors Common shares 245 20.00 30 September 2019 21 November 2019 Retained earnings」
The interim dividend for the 146th fiscal year was set at ¥20 per share, up from ¥17.50 per share in the same period of the previous year, providing stable shareholder returns. - FY2019AdvancedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥40 per share, including an interim dividend of ¥17.50, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was 12.0% and the consolidated dividend on equity ratio was 0.9%.」
The Company paid an annual dividend of ¥40 per share, with a consolidated dividend payout ratio of 12.0%, while taking retained earnings and business investment into consideration. - FY2019-Q2RestatedAnnual report
「The resolution of the Board of Directors concerning the interim dividend for the 145th fiscal year was as follows.」
The interim dividend resolved on 30 October 2018 was set at ¥17.50 per share, for a total of ¥214,761,365. The Company continued its policy of stable shareholder returns by paying the dividend after the share consolidation. - FY2017AdvancedAnnual report
「For the current fiscal year, the Company paid a dividend of ¥7 per share, including an interim dividend of ¥3.50, in accordance with the basic policy described above. As a result, the consolidated dividend payout ratio was 10.9% and the consolidated dividend on equity ratio was 1.0%.」
The Company paid interim and year-end dividends of ¥3.50 per share each, for an annual dividend of ¥7 per share, resulting in a consolidated dividend payout ratio of 10.9%. - FY2017-Q2AdvancedAnnual report
「The resolution of the Board of Directors concerning the interim dividend for the 143rd fiscal year was as follows.」
The interim dividend was set at ¥3.50 per share, up from ¥2.50 per share in the same period of the previous year. - FY2016First statedAnnual report
「The Group's basic policy is to pay dividends while strengthening retained earnings needed to reinforce its management base in preparation for future business investment and changes in the operating environment, taking into comprehensive consideration such indicators as the consolidated dividend payout ratio and consolidated dividend on equity ratio.」
The policy is to balance retained earnings, business investment, preparedness for changes in the operating environment and dividends by considering the relevant indicators comprehensively.