Policy of Stable Dividends and a Consolidated Dividend Payout Ratio of at Least 30%
First written in FY2018. 6 of 11 entries say "Reframed", first in FY2020. Latest entry: FY2026.
- FY2026ReframedAnnual report
「With regard to the year-end dividend, based on a dividend policy that targets a dividend on equity (DOE, consolidated dividend on equity) of 2.5%, while making progressive dividends the basic policy with a view to making continuous and stable dividend payments, the Board of Directors resolved at its meeting held on 25 May this year to pay ¥13 per share, taking into account the company’s solid performance, driven by factors including increased sales volumes.」
The dividend policy was changed from the previous target payout ratio of 30% to a policy based on progressive dividends and a target DOE of 2.5%. - FY2024-Q2RestatedAnnual report
「At a meeting of the board of directors held on 31 October 2023, the company resolved to pay an interim dividend to shareholders recorded in the final shareholder register as of 30 September 2023 as follows: ① Total dividends: ¥616 million ② Dividend per share: ¥35.0」
No change in the numerical level of the dividend policy was stated, but an interim dividend was paid. - FY2023RestatedAnnual report
「In light of the need for ongoing investment in information platform infrastructure, the expanded adoption of renewable energy and technological development as investments for future growth, as well as the need to accelerate reductions in interest-bearing debt given the recent global political and economic situation, we will target a consolidated dividend payout ratio of 30% and continue working to provide appropriate returns of profits to shareholders.」
The policy of targeting a consolidated dividend payout ratio of 30% while balancing growth investment, renewable energy investment and reductions in interest-bearing debt was continued. - FY2022SoftenedAnnual report
「Accordingly, we will target a consolidated dividend payout ratio of 30% and continue working to provide appropriate returns of profits to shareholders.」
The wording was changed from the previous interim guideline of “not below 30%” to “a target level of 30%,” indicating that this would be balanced with growth investment and reductions in interest-bearing debt. - FY2020ReframedAnnual report
「For the annual dividend, our interim policy is to maintain a dividend of ¥30 per share and, excluding short-term factors causing earnings fluctuations, not to allow the consolidated dividend payout ratio to fall below 30%.」
The annual dividend was stated as ¥30 in line with the post-share-consolidation basis, and the 30% payout ratio guideline was clarified to exclude short-term factors causing earnings fluctuations. - FY2019RaisedAnnual report
「To return profits to shareholders and gain their further support, we plan to revise our dividend forecast for the fiscal year ending March 2020 from ¥45 per share to ¥50, an increase of ¥5 per share.」
The company stated a policy of raising its dividend forecast for the fiscal year ending March 2020 to ¥50 per share, compared with the annual dividend of ¥45. - FY2018First statedAnnual report
「Our basic policy on dividends of surplus and other distributions is to make continuous and stable dividend payments. As an interim guideline for annual dividends, we will maintain a dividend of ¥6 per share, and will target a consolidated dividend payout ratio of no less than 30%.」
The company specified continuous and stable dividends, an annual dividend level of ¥6 per share, and a consolidated dividend payout ratio of at least 30% as interim guidelines.