Dividends targeting 30% of adjusted net income while prioritizing growth investment
First written in FY2016. 10 of 30 entries say "Restated". Latest entry: FY2026.
- FY2026Annual dividend of ¥49 after the stock split and planned dividend of ¥50 for the next fiscal yearAnnual report
「For the current fiscal year, we will prioritize stable dividend payments from the perspective of maintaining and enhancing shareholder value, setting the year-end dividend at ¥24.5 per share and the annual dividend at ¥49 when combined with the interim dividend of ¥24.5. For the next fiscal year, based on the above policy, we plan an interim dividend of ¥25 per share, a year-end dividend of ¥25 per share, and an annual dividend of ¥50 per share, targeting a consolidated dividend payout ratio of approximately 30%.」
An annual dividend of ¥49 was paid based on the post-stock-split share count, and an annual dividend of ¥50 is planned for the next fiscal year. The flexible dividend policy based on a consolidated dividend payout ratio of 30% remains in effect. - FY2026-H1Interim dividend of ¥24.50 resolved based on the post-stock-split share countAnnual report
「Board of Directors meeting held on 7 November 2025 Common shares 1,833 ¥24.50 30 September 2025 2 December 2025 Retained earnings」
A resolution was passed for an interim dividend of ¥24.50 per share, totaling ¥1.833 billion, for the current fiscal year based on the post-stock-split share count. - FY2024Annual dividend of ¥146 paid; same amount planned for the next fiscal yearAnnual report
「In accordance with this policy, the year-end dividend for the current fiscal year will be ¥79 per share, resulting in an annual dividend of ¥146 when combined with the interim dividend of ¥67, so that the full-year consolidated dividend payout ratio will be approximately 30%.」
Under the performance-linked, flexible dividend policy based on a consolidated dividend payout ratio of 30%, a year-end dividend of ¥79 brought the annual dividend to ¥146, and an annual dividend of ¥146 is planned for the next fiscal year. - FY2024-Q2Interim dividend of ¥67 paidAnnual report
「At the Board of Directors meeting held on 7 November 2023, the following resolution was passed regarding the interim dividend for the current fiscal year. (1) Total dividends from the interim dividend: ¥1,669,014,890 (2) Amount per share: ¥67.00」
Under the policy of performance-linked, flexible dividends, an interim dividend of ¥67 per share was resolved for the current fiscal year. This was down from ¥72 in the same period of the previous year. - FY2024-Q1AdvancedAnnual report
「At the Board of Directors meeting held on 10 May 2023, the following resolution was passed regarding the year-end dividend for the previous fiscal year. (1) Total dividends from the year-end dividend: ¥2,910,374,298 (2) Amount per share: ¥117.00 (3) Effective date of the year-end dividend (payment start date): 5 June 2023」
A year-end dividend of ¥117 per share was paid for the previous fiscal year, up from the ¥94 per share disclosed for the same period of the previous year. - FY2023-Q3RestatedAnnual report
「Board of Directors meeting held on 4 November 2022 Common shares 1,791 ¥72.00 30 September 2022 2 December 2022 Retained earnings」
Under the restructured shareholder-return policy of performance-linked, flexible dividends, an interim dividend of ¥72 per share was paid for the current fiscal year. - FY2023-Q2AdvancedAnnual report
「At the Board of Directors meeting held on 4 November 2022, the following resolution was passed regarding the interim dividend for the current fiscal year. (1) Total dividends from the interim dividend: ¥1,791,008,496 (2) Amount per share: ¥72.00」
The interim dividend for the current fiscal year was set at ¥72 per share, up from ¥35 for the previous fiscal year's interim dividend. The level of shareholder returns was raised further. - FY2023-Q1AdvancedAnnual report
「At the Board of Directors meeting held on 10 May 2022, the following resolution was passed regarding the year-end dividend for the previous fiscal year. (1) Total dividends from the year-end dividend: ¥2,334,613,892 (2) Amount per share: ¥94.00 (3) Effective date of the year-end dividend (payment start date): 3 June 2022」
After restructuring the policy toward performance-linked shareholder returns under the Medium-Term Management Plan 2022, a payment of ¥94 per share was made as the year-end dividend for the previous fiscal year. - FY2022ReframedAnnual report
「Under the Medium-Term Management Plan 2017, we restrained investment and worked to reduce interest-bearing debt in order to rebuild our financial base. Under the Medium-Term Management Plan 2022, we aim to pursue both proactive investment and enhanced shareholder returns, centered on the financial base and profitability established under the previous medium-term management plan.」
The capital allocation policy has shifted from restraining investment and dividends while prioritizing financial rehabilitation to pursuing both proactive investment and enhanced shareholder returns on the basis of the established financial base. - FY2022-Q3AdvancedAnnual report
「4 November 2021 Board of Directors Common shares 869 ¥35.00 30 September 2021 2 December 2021 Retained earnings」
In connection with the policy of raising the annual dividend floor to ¥60, an interim dividend of ¥35 per share, totaling ¥869 million, was paid for the current fiscal year. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 4 November 2021, the following resolution was passed regarding the interim dividend for the fiscal year.」
A resolution was passed for an interim dividend of ¥35 per share, totaling ¥869 million, for the current fiscal year, up from ¥25 per share for the previous fiscal year's interim dividend and ¥30 per share for the preceding interim dividend. - FY2022-Q1AdvancedAnnual report
「Amount per share: ¥30.00」
The previous fiscal year's year-end dividend increased from ¥25 to ¥30 per share, raising the dividend level in line with the stable dividend policy with an annual floor of ¥60. - FY2021RaisedAnnual report
「As a result, operating profit has remained above the medium-term plan target of ¥10 billion since the fiscal year ended March 2019, and operating profit of ¥13.2 billion is expected for the fiscal year ending March 2022, the final year of the plan. In addition, the rebuilding of our financial base has reached a certain stage, with the medium-term plan targets for interest-bearing debt of ¥130 billion and a net DE ratio of 2.0 times or less achieved. Accordingly, from the end of the current fiscal year, we will raise the annual dividend floor from ¥50 to ¥60 per share and aim to maintain stable dividends with this amount as the floor.」
Against the backdrop of achieving the financial targets, the annual dividend floor was raised from ¥50 to ¥60. - FY2021-Q2AdvancedAnnual report
「(Resolution) Common shares 620 ¥25.00 31 March 2020 4 June 2020 Retained earnings」
In connection with the policy of setting an annual dividend floor of ¥50, a year-end dividend of ¥25 per share was paid for the current fiscal year, and a resolution was also passed for an interim dividend of ¥25 per share. - FY2021-Q1AdvancedAnnual report
「At the Board of Directors meeting held on 11 May 2020, the following resolution was passed regarding the year-end dividend for the previous fiscal year. (1) Total dividends from the year-end dividend: ¥620,909,350 (2) Amount per share: ¥25.00」
In connection with the policy of setting an annual dividend floor of ¥50, the year-end dividend for the previous fiscal year was paid at ¥25 per share. - FY2020RaisedAnnual report
「In light of the above financial position, our dividend policy will be to set the annual dividend at ¥50 per share from the end of the current fiscal year and aim to maintain stable dividends with this amount as the floor.」
The commitment to shareholder returns became clearer and more ambitious, shifting from the previous post-resumption plan for an annual dividend of ¥25 to a stable dividend policy with an annual floor of ¥50. - FY2020-Q3RestatedAnnual report
「Board of Directors meeting held on 5 November 2019 Common shares 310 ¥12.50 30 September 2019 3 December 2019 Retained earnings」
In line with the dividend policy following the resumption of dividends, an interim dividend of ¥310 million, or ¥12.50 per share, was paid for the current fiscal year. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 5 November 2019, the following resolution was passed regarding the interim dividend for the current period.」
In line with the dividend policy following the resumption of dividends, a resolution was passed to pay an interim dividend of ¥12.50 per share, totaling approximately ¥310 million, for the current fiscal year. - FY2020-Q1RestatedAnnual report
「(1) Total dividends from the year-end dividend: ¥310,455,408 (2) Amount per share: ¥12.50」
The year-end dividend resumed at the end of the previous fiscal year was paid at a total of ¥310 million, or ¥12.50 per share. - FY2019AdvancedAnnual report
「As these various measures are progressing as planned, we have determined that the financial targets set out in the Medium-Term Management Plan 2017, including interest-bearing debt and the net D/E ratio, can be achieved even if dividends are resumed. In light of this situation, we will resume dividend payments at the end of the current fiscal year, with a year-end dividend of ¥12.50 and an annual dividend of ¥12.50 per share for the full fiscal year.」
The year-end dividend was resumed after a period of no dividends, based on the prospects of achieving the financial targets. - FY2019-Q3RestatedAnnual report
「Cumulative third quarter Consolidated period: Dividends paid: Not applicable.」
No dividends were paid during the cumulative third quarter, and the no-dividend policy remains in effect. - FY2019-Q2RestatedAnnual report
「Cumulative second quarter Consolidated period: Dividends paid: Not applicable.」
No dividends were paid during the cumulative second quarter, and the no-dividend policy remains in effect. - FY2019-Q1RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the cumulative first quarter, and the no-dividend policy in place since the previous fiscal year remains in effect. - FY2018SoftenedAnnual report
「However, regarding dividends for the current fiscal year, in view of the significant impairment of shareholders' equity caused by the recognition of an impairment loss in the previous fiscal year, we determined that priority should be given to restoring a sound financial position and therefore regret that no interim or year-end dividend will be paid. Dividends for the next fiscal year will remain undecided, pending consideration of the financial position while we continue to strengthen fundamental business profitability and rebuild the financial base.」
While the basic policy of stable dividends remains in place, no interim or year-end dividend will be paid for the current fiscal year, and the dividend for the next fiscal year remains undecided, reflecting a further tightening of the policy's application. - FY2017SoftenedAnnual report
「Regarding the allocation of profits for the current fiscal year, in view of the impairment of shareholders' equity resulting from the recording of a net loss for the year, we determined that priority should be given to restoring a sound financial position. We therefore regret that the year-end dividend will be omitted, with only the interim dividend of ¥5.00 being paid. For the next fiscal year, for the same reason, we plan to pay no interim or year-end dividend.」
The company has shifted from applying its previous dividend policy targeting 30% of adjusted net income to prioritizing the recovery of shareholders' equity, omitting the year-end dividend and planning to pay neither an interim nor a year-end dividend in the next fiscal year. - FY2017-Q3RestatedAnnual report
「13 May 2016 Board of Directors Common shares ¥620 million ¥5.00 31 March 2016 7 June 2016 Retained earnings / 7 November 2016 Board of Directors Common shares ¥620 million ¥5.00 30 September 2016 6 December 2016 Retained earnings」
During the cumulative third quarter of the current fiscal year, both the year-end and interim dividends were ¥5 per share, indicating the continued application of the dividend policy. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 7 November 2016, the Company passed the following resolution concerning the interim dividend for the current fiscal year.」
A total interim dividend of ¥620,932,165, or ¥5 per share, was approved, confirming the implementation of a performance-linked, stable dividend policy. - FY2016First statedAnnual report
「Regarding the use of retained earnings, we will prioritize highly profitable new investments aimed at long-term profit growth. Dividends will basically be linked to performance, with a policy of paying approximately 30% of adjusted net income, calculated by taking consolidated operating profit and factoring in net financial income and expenses and the effective tax rate.」
The policy combines capital allocation that prioritizes growth investment with a dividend policy targeting 30% of adjusted net income.