Stable and Consistent Dividends Based on a 30% Consolidated Payout Ratio
First written in FY2018. 9 of 18 entries say "Raised", first in FY2020. Latest entry: FY2026.
- FY2026RaisedAnnual report
「Regarding the allocation of profits, the Company's basic policy is to pay stable and ongoing dividends while securing the retained earnings necessary for future business development and strengthening its financial position, and to return profits to shareholders after taking performance and other factors into consideration. The basic benchmark for the dividend level is a consolidated dividend payout ratio of at least 30%. Based on the above basic policy, the Company plans to pay a year-end dividend of ¥107 per share for the current fiscal year, subject to approval at the Annual General Meeting of Shareholders scheduled for 28 August 2026. As of the present time, a year-end dividend of ¥65 per share is planned for the next fiscal year ending May 2027.」
The dividend policy is described as a consolidated dividend payout ratio of “30% or more,” rather than a 30% benchmark. A current-year dividend of ¥107 per share and a next-year plan of ¥65 were presented. The current-year dividend includes a ¥30 commemorative dividend marking the Company's 100th anniversary. - FY2026-H1RaisedAnnual report
「Annual General Meeting of Shareholders, 28 August 2025; common shares; 184; 75; 31 May 2025; 29 August 2025; retained earnings」
The dividend for the fiscal year ended May 2025 was ¥75 per share, up from the previously confirmed ¥70. The dividend record under the policy of stable, ongoing dividends was updated. - FY2025-H1RestatedAnnual report
「Annual General Meeting of Shareholders, 27 August 2024; common shares; 174; 70; 31 May 2024; 28 August 2024; retained earnings」
Payment of the ¥70 per-share dividend for the fiscal year ended May 2024 under the policy of stable, ongoing dividends was reconfirmed in the notes to shareholders' equity and other items. - FY2024RaisedAnnual report
「Based on the above basic policy, the Company paid a year-end dividend of ¥70 per share for the current fiscal year. The dividend for the next fiscal year ending May 2025 will be considered in light of the above basic policy and business performance, but as of the present time, a year-end dividend of ¥61 per share is planned.」
The policy of stable, ongoing dividends and a 30% consolidated dividend payout ratio benchmark was maintained, with the current-year dividend changed from ¥48 per share in the prior fiscal year to ¥70 and the next-year plan changed from ¥55 to ¥61. - FY2024-Q2RestatedAnnual report
「Annual General Meeting of Shareholders, 25 August 2023; common shares; 122; 48; 31 May 2023; 28 August 2023; retained earnings」
Payment of the ¥48 per-share dividend for the fiscal year ended May 2023 under the policy of stable, ongoing dividends was reconfirmed in the notes to shareholders' equity and other items. - FY2023SoftenedAnnual report
「Based on the above basic policy, the Company paid a year-end dividend of ¥48 per share for the current fiscal year. The dividend for the next fiscal year ending May 2024 will be considered in light of the above basic policy and business performance, but as of the present time, a year-end dividend of ¥55 per share is planned.」
The policy of stable, ongoing dividends and a 30% consolidated dividend payout ratio benchmark was maintained, but the current-year dividend changed from ¥82 per share in the prior fiscal year to ¥48, while the next-year plan is ¥55. - FY2023-Q2RestatedAnnual report
「Annual General Meeting of Shareholders, 26 August 2022; common shares; total dividends: ¥209 million; dividend per share: ¥82; record date: 31 May 2022; effective date: 29 August 2022; source of dividends: retained earnings」
Payment of the ¥82 per-share dividend for the fiscal year ended May 2022 under the policy of stable, ongoing dividends was confirmed. - FY2023-Q1RestatedAnnual report
「Annual General Meeting of Shareholders, 26 August 2022; common shares; ¥209 million; dividend per share: ¥82; record date: 31 May 2022; effective date: 29 August 2022; retained earnings」
Payment of the ¥82 per-share dividend for the fiscal year ended May 2022 under the policy of stable, ongoing dividends was confirmed. - FY2022-Q2RestatedAnnual report
「Annual General Meeting of Shareholders, 27 August 2021; common shares; total dividends: ¥229.759 million; dividend per share: ¥90; record date: 31 May 2021; effective date: 30 August 2021」
Payment of the ¥90 per-share dividend for the fiscal year ended May 2021 under the policy of stable, ongoing dividends was reconfirmed in the notes to shareholders' equity and other items. - FY2021RaisedAnnual report
「Based on the above basic policy, the Company paid a year-end dividend of ¥90 per share for the current fiscal year, comprising an ordinary dividend of ¥80 per share plus a ¥10 commemorative dividend marking the Company's 95th anniversary. The dividend for the next fiscal year ending May 2022 will be considered in light of the above basic policy and business performance, but as of the present time, a year-end dividend of ¥41 per share is planned.」
The policy of stable, ongoing dividends and a 30% consolidated dividend payout ratio benchmark was maintained, while the current-year dividend increased from ¥54 to ¥90 per share. The next-year dividend plan is ¥41 per share. - FY2020RaisedAnnual report
「Based on the above basic policy, the Company paid a year-end dividend of ¥54 per share for the current fiscal year. The dividend for the next fiscal year ending May 2021 will be considered in light of the above basic policy and business performance, but as of the present time, a year-end dividend of ¥41 per share is planned.」
The policy of stable, ongoing dividends and a 30% consolidated dividend payout ratio benchmark was maintained, with the current-year dividend changed from ¥42 to ¥54 per share and the next-year plan changed from ¥32 to ¥41. - FY2019RestatedAnnual report
「Based on the above basic policy, the Company paid a year-end dividend of ¥42 per share for the current fiscal year. The dividend for the next fiscal year ending May 2020 will be considered in light of the above basic policy and business performance, but as of the present time, a year-end dividend of ¥32 per share is planned.」
The policy of stable, ongoing dividends and a 30% consolidated dividend payout ratio benchmark was maintained, with a current-year dividend of ¥42 per share and a next-year plan of ¥32 per share. - FY2018First statedAnnual report
「The Company’s basic policy for profit distribution is to pay stable and consistent dividends while securing the retained earnings necessary for future business development and strengthening its management foundation, and to return profits based on business performance and other factors. The basic benchmark for the dividend level is a consolidated dividend payout ratio of 30%.」
A dividend policy was presented for the first time, providing for stable, ongoing dividends while securing retained earnings and business investment, with a consolidated dividend payout ratio of 30% as the basic benchmark.