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Tokyo Gas (9531) · TargetAdvanced

Gradually increasing dividends in line with growth while maintaining stable payouts

First written in FY2017-Q1. 20 of 33 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.

33entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2019-Q3AdvancedFY2024-Q1 – FY20262016: 220162017: 320172018: 320182019: 420192020: 420202021: 320212022: 320222023: 320232024: 220242025: 120252026: 52026
Same theme, other companies
Stable and Sustainable Shareholder Returns and Dividend Increase PolicyA theme 1081 companies write about · 2 as a headwind · 1105 as a tailwind
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 193 companies compared. The sentences above are computed from all 193.Comparing 200 of the theme's 1107 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「The company positions dividend increases in line with medium- to long-term growth in earnings per share as the core of shareholder returns and will steadily return the benefits of growth through progressive dividends.」

    After shifting from its previous policy of stable dividends and gradual dividend increases to a policy centered on progressive dividends, the annual dividend reached ¥110, and implementation toward the ¥140 target for fiscal 2028 has begun.
  2. FY2026-H1RaisedAnnual report

    「The company positions dividend increases in line with medium- to long-term growth in earnings per share as the core of shareholder returns and will steadily return the benefits of growth through progressive dividends. In addition, surplus funds will be allocated optimally to growth investments and share repurchases for capital management, thereby achieving sustained improvement in capital efficiency. In line with this policy, the company targets cumulative shareholder returns of at least ¥200 billion for fiscal 2026–2028 and aims to pay a dividend of ¥140 per share in fiscal 2028 through progressive dividends.」

    The company has shifted from stable dividends and gradual dividend increases to making progressive dividends the core of shareholder returns, and has newly set a specific target of ¥140 per share for fiscal 2028. The company resolved to pay a year-end dividend of ¥45 per share and an interim dividend of ¥50 per share for the current interim period.
  3. FY2025-H1AdvancedAnnual report

    「At a meeting of the Board of Directors held on 25 April 2024, the following resolution was passed concerning the year-end dividend: ① Total dividends: ¥14,970 million ② Dividend per share: ¥37.50」

    Under its policy of maintaining stable dividends and gradually increasing them in line with growth, the year-end dividend for fiscal 2023 was ¥37.50 per share. The company also resolved to pay an interim dividend of ¥35.00 per share based on the 30 September 2024 record date, an increase from the previous level.
  4. FY2024AdvancedAnnual report

    「The company decided to pay an annual dividend of ¥70 per share, including a dividend of ¥32.5 per share based on the 30 September record date.」

    Under its policy of stable dividends and gradual dividend increases, the annual dividend rose from ¥65 in the previous fiscal year to ¥70.
  5. FY2024-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 26 October 2023, the following resolution was passed concerning the interim dividend for the current fiscal year: ① Total interim dividend: ¥13,437 million ② Dividend per share: ¥32.50 ③ Effective date of the dividend payment claim and payment commencement date: 29 November 2023」

    Under its policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay an interim dividend of ¥32.50 per share for fiscal 2023.
  6. FY2024-Q1AdvancedAnnual report

    「At a meeting of the Board of Directors held on 26 April 2023, the following resolution was passed concerning the year-end dividend: ① Total dividends ¥14,093 million ② Dividend per share ¥32.50 ③ Effective date of the dividend payment claim and payment commencement date 6 June 2023」

    Under its policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay and paid a year-end dividend of ¥32.50 per share for fiscal 2022.
  7. FY2023-Q3RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company continues its policy of maintaining stable dividends and gradually increasing them in line with earnings levels and growth. The interim dividend for the fiscal year is ¥32.50 per share.
  8. FY2023-Q2AdvancedAnnual report

    「At the Board of Directors meeting held on 27 October 2022, the following resolution was adopted concerning the interim dividend for the fiscal year: ① Total interim dividends: ¥14,093 million ② Dividend per share: ¥32.50 ③ Effective date of the right to demand payment and payment commencement date: 29 November 2022」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay an interim dividend of ¥32.50 per share for fiscal 2022.
  9. FY2023-Q1AdvancedAnnual report

    「Matters concerning dividends on common shares ① Total dividends: ¥15,392 million ② Dividend per share: ¥35.00 ③ Record date: 31 March 2022 ④ Effective date: 6 June 2022」

    Under the policy of maintaining stable dividends while gradually increasing them, the company resolved to pay and paid a year-end dividend of ¥35 per share for fiscal 2021.
  10. FY2022AdvancedAnnual report

    「The company resolved to pay a dividend of ¥65 per share, including a ¥30 dividend with a record date of 30 September.」

    Under the policy of stable dividends and gradual increases, the annual dividend was ¥65 per share, up from ¥60 per share in the previous fiscal year.
  11. FY2022-Q2RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company continues its policy of maintaining stable dividends and gradually increasing them in line with earnings levels and growth. It resolved to pay an interim dividend of ¥30 per share for the fiscal year.
  12. FY2022-Q1AdvancedAnnual report

    「At the annual general meeting of shareholders held on 29 June 2021, the following resolution was adopted. Matters concerning dividends on common shares: ① Total dividends: ¥13,229 million ② Dividend per share: ¥30.00 ③ Record date: 31 March 2021 ④ Effective date: 30 June 2021 ⑤ Source of dividends: Retained earnings」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay and paid a year-end dividend of ¥30 per share for fiscal 2020.
  13. FY2021-Q3SoftenedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth. The company is currently considering a review of its shareholder return policy and will promptly disclose the policy once finalized.」

    While reiterating its policy of stable dividends and gradual increases, the company added that it is considering a review of its shareholder return policy.
  14. FY2021-Q2AdvancedAnnual report

    「At the Board of Directors meeting held on 29 October 2020, the following resolution was adopted concerning the interim dividend for the fiscal year: ① Total interim dividends: ¥13,230 million ② Dividend per share: ¥30.00 ③ Effective date of the right to demand payment and payment commencement date: 27 November 2020」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay an interim dividend of ¥30 per share for the fiscal year.
  15. FY2021-Q1AdvancedAnnual report

    「At the annual general meeting of shareholders held on 26 June 2020, the following resolution was adopted. Matters concerning dividends on common shares: ① Total dividends: ¥13,230 million ② Dividend per share: ¥30.00 ③ Record date: 31 March 2020 ④ Effective date: 29 June 2020」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay and paid a year-end dividend of ¥30 per share for the fiscal year ended March 2020.
  16. FY2020AdvancedAnnual report

    「The company resolved to pay a dividend of ¥60 per share, including an interim dividend of ¥30.0 per share.」

    Under the policy of stable dividends and gradual increases, the company paid an annual dividend of ¥60 per share for fiscal 2019.
  17. FY2020-Q3RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  18. FY2020-Q2AdvancedAnnual report

    「At the Board of Directors meeting held on 30 October 2019, the following resolution was adopted concerning the interim dividend for the fiscal year: ① Total interim dividends: ¥13,230 million ② Dividend per share: ¥30.00 ③ Effective date of the right to demand payment and payment commencement date: 21 November 2019」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay an interim dividend of ¥30 per share.
  19. FY2020-Q1AdvancedAnnual report

    「Matters concerning dividends on common shares ① Total dividends: ¥14,623 million ② Dividend per share: ¥32.50 ③ Record date: 31 March 2019 ④ Effective date: 28 June 2019 ⑤ Source of dividends: Retained earnings」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company resolved to pay and paid a year-end dividend of ¥32.50 per share for fiscal 2018. Combined with the interim dividend of ¥27.50 per share, the annual dividend was ¥60 per share.
  20. FY2019AdvancedAnnual report

    「The company resolved to pay a dividend of ¥60 per share, including an interim dividend of ¥27.5 per share.」

    Under the policy of maintaining stable dividends and gradually increasing them in line with growth, the company set the annual dividend for the fiscal year at ¥60 per share and resolved to pay a year-end dividend of ¥32.5 per share.
  21. FY2019-Q3RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  22. FY2019-Q2RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  23. FY2019-Q1RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  24. FY2018-Q3RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  25. FY2018-Q2RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  26. FY2018-Q1RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with earnings levels and growth.
  27. FY2017-Q3RestatedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company has reiterated its policy of maintaining stable dividends while gradually increasing them in line with growth.
  28. FY2017-Q2AdvancedAnnual report

    「At the annual general meeting of shareholders held on 29 June 2016, the following resolution was adopted. Matters concerning dividends on common shares ① Total dividends: ¥14,340 million ② Dividend per share: ¥6.00 ③ Record date: 31 March 2016 ④ Effective date: 30 June 2016 ⑤ Source of dividends: Retained earnings」

    The year-end dividend was ¥6.00 per share, compared with ¥5.00 per share in the same period of the previous year. An interim dividend of ¥5.50 per share was also resolved.
  29. FY2017-Q1First statedAnnual report

    「With respect to dividends, the company will maintain stable dividends while comprehensively considering medium- to long-term earnings levels and gradually increase dividends in line with growth.」

    The company indicated that it intends to increase dividends in line with earnings levels and growth while maintaining stability.
Moved together

"Shareholder distributions targeting a total payout ratio of around 60% through fiscal 2020" moved the same way as this thread, in the same document, in 17 of its 33 moves.

171312987★123456
  1. ★This thread
  2. 1Shareholder distributions targeting a total payout ratio of around 60% through fiscal 202017×
  3. 2New group structure and business selection and focus13×
  4. 3Significant decline in operating profit due to higher operating expenses for raw materials and electricity12×
  5. 4Funding to redeem short-term bonds through the issuance of long-term bonds9×
  6. 5Decline in industrial and city gas sales volumes due to lower demand for power generation and other factors8×
  7. 6Accelerating global expansion7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tokyo Gas's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-05-26: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Gradually increasing dividends in line with growth while maintaining stable payouts | TOKYO GAS CO.,LTD. (9531) | Komori