Stable Dividends Targeting a Consolidated Dividend Payout Ratio of at Least 25%
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「In determining dividends from retained earnings, we generally target a consolidated payout ratio of 30% or more, taking into consideration consolidated results, the business environment, capital efficiency, free cash flow and other factors.」
The dividend policy targeting a consolidated payout ratio of 30% or more in principle remains in place. - FY2021RestatedAnnual report
「In determining dividends from retained earnings, we generally target a consolidated payout ratio of 30% or more, taking into consideration consolidated results, the business environment, capital efficiency, free cash flow and other factors.」
The dividend policy targeting a consolidated payout ratio of 30% or more remains in place. - FY2020RaisedAnnual report
「With respect to the dividend policy, the company decided on 15 October 2020 to raise its target consolidated payout ratio from 25% or more to 30% or more.」
The target consolidated payout ratio was raised from 25% or more to 30% or more. - FY2019RestatedAnnual report
「In determining dividends from retained earnings, we generally target a consolidated payout ratio of 25% or more, taking into consideration consolidated results, the business environment, capital efficiency, free cash flow and other factors.」
The stable-dividend policy targeting a consolidated payout ratio of 25% or more in principle remains in place. The payout ratio for the eighth fiscal year was 28.88%. - FY2018First statedAnnual report
「In determining dividends from retained earnings, we generally target a consolidated payout ratio of 25% or more, taking into consideration consolidated results, the business environment, capital efficiency, free cash flow and other factors.」
A specific target of a consolidated payout ratio of 25% or more was stated for the first time alongside the basic stable-dividend policy.