Realizing a flexible and nimble capital policy
First written in FY2017-Q2. 6 of 15 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-11-04.
51 other companies' latest entry also says "Advanced".
- FY2026RaisedAnnual report
「Until the fiscal year ending March 2028, the Company will pay dividends with a consolidated payout ratio of at least 35% and will flexibly acquire treasury shares.」
The Company extended the policy period from the previous fiscal year ending March 2025 to the fiscal year ending March 2028, changed the payout ratio from a target of 35% to at least 35%, and indicated its policy of continuing treasury share repurchases. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 May 2025, the Company resolved to acquire treasury shares, and the acquisition was completed on 12 May 2025. The acquisition used an Accelerated Share Repurchase (ASR). Reason for cancelling treasury shares: To enhance shareholder returns and improve capital efficiency Total number of shares to be cancelled: 2,652,600 shares Cancellation date: 9 September 2025」
The Company acquired 2,592,000 treasury shares for approximately ¥10 billion through an ASR and acquired and cancelled 2,652,600 shares after adding 60,600 shares from the post-settlement adjustment. The acquisition and cancellation of treasury shares were given concrete form as measures to enhance shareholder returns and improve capital efficiency. - FY2025AdvancedAnnual report
「Following a review of the previous medium-term management plan, the Company will acquire treasury shares with the aim of improving capital efficiency and reducing the cost of capital.」
Based on its review of the previous medium-term management plan, the Company conducted a ¥10 billion treasury share repurchase aimed at improving capital efficiency and reducing the cost of capital. - FY2025-H1Resumed interim dividends and conducted a treasury share repurchaseAnnual report
「At a meeting of the Board of Directors held on 6 November 2024, the Company resolved the following interim dividend for the fiscal year: (1) Total dividend amount ¥7,314 million (2) Dividend per share ¥46.5」
After paying dividends once annually at year-end with no interim dividend in the previous fiscal year, the Company resolved to pay an interim dividend of ¥46.5 per share in the current fiscal year. It also recorded ¥4,367 million in expenditures for the acquisition of treasury shares. - FY2024Changed from interim dividends to a single annual year-end dividendAnnual report
「For dividends for the fiscal year, the Company decided to pay only a year-end dividend, with no interim dividend, in order to assess its performance and financial position, which were in the process of recovering.」
While maintaining the ¥93 per-share minimum dividend policy, the Company paid no interim dividend for the fiscal year and paid only a year-end dividend. - FY2023RestatedAnnual report
「Until the fiscal year ending March 2025, the Company will pay dividends with a minimum annual dividend of ¥93 per share, targeting a consolidated dividend payout ratio of 35%, and will flexibly repurchase treasury shares depending on circumstances.」
The Company continues its policy of a ¥93 per-share minimum dividend, a target consolidated dividend payout ratio of 35%, and treasury share repurchases through the fiscal year ending March 2025. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 February 2020, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act.」
The Company resolved to cancel 2,698,400 treasury shares on 25 February 2020, giving concrete form to its capital policy. - FY2017-Q2First statedAnnual report
「To realize a flexible and agile capital policy going forward, the Company proposed and received approval for the transfer of a portion of other capital surplus, as well as all tax-effect reserves and legal reserves, to retained earnings brought forward.」
The Company explained that the deficit compensation and transfers from capital surplus and other reserves were intended to ensure flexibility and agility in its future capital policy.