20% Dividend Payout Ratio and Continued Dividend Increases
First written in FY2018. 6 of 16 entries say "Restated". Latest entry: 2026-08-07.
- 2026-08-07RestatedFinancial results presentation materials
「Although net profit is expected to decline slightly because of special factors, an annual dividend of ¥46, unchanged from the previous fiscal year, is planned, with a payout ratio of 23.2%.」
The company reiterated its plan to maintain the annual dividend at ¥46 and target a payout ratio of 23.2%. - FY2026AdvancedAnnual report
「Payout ratio At least 20.0% Current-period result (third year) 20.7%」
Against the new medium-term management plan target of a payout ratio of at least 20%, the current-period result was 20.7%. - FY2024RaisedAnnual report
「Payout ratio At least 20%」
The new medium-term management plan once again explicitly stated a payout ratio of at least 20% as a quantitative target. The first-year result was 15.4%, or 20.3% excluding special factors. - FY2023SoftenedAnnual report
「We consider capital raised from the market to have been entrusted to us by our shareholders. Accordingly, we regard "returning profits to shareholders through performance-linked, earnings-based dividends" as one of our most important initiatives in allocating profits. Our decisions are also based on our basic stance of "steadily and consistently rewarding shareholders over the long term."」
The company did not state its previous quantitative targets of a payout ratio of at least 20% and continued dividend increases, instead presenting performance-linked, earnings-based dividends and stable long-term returns as its basic stance. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2022, the company resolved the following matters concerning the interim dividend for the current fiscal year.」
The company resolved to pay an interim dividend of ¥10 per share, totaling ¥390 million, maintaining the same per-share dividend as in the previous fiscal year. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2022, the company resolved the following matters concerning the interim dividend for the current fiscal year.」
The company resolved to pay an interim dividend of ¥10 per share, totaling ¥390 million, maintaining the same per-share dividend as in the previous fiscal year. - FY2023-Q1RestatedAnnual report
「28 June 2022 Annual General Meeting of Shareholders Common shares 389 10 31 March 2022 29 June 2022 Retained earnings」
The company paid a year-end dividend of ¥10, a component of the ¥20 annual dividend, at the same level as in the previous fiscal year. - FY2022RestatedAnnual report
「For the current fiscal year, based on its basic policy of steadily and consistently returning profits to shareholders over the long term, the Company plans to set the year-end dividend at ¥10 per share, for a full-year dividend of ¥20 per share including the interim dividend.」
The company maintained its annual dividend at ¥20 for the second consecutive year of net losses, but did not state its previous quantitative targets of a payout ratio above 20% and continued dividend increases. - FY2021SoftenedAnnual report
「Although the Company recorded a net loss for the current fiscal year, based on its basic policy of steadily and consistently returning profits to shareholders over the long term, we plan to set the year-end dividend at ¥10 per share, for a full-year dividend of ¥20 per share including the interim dividend.」
Although the company had stated a target payout ratio above 20% and continued dividend increases, the annual dividend was ¥20 amid a net loss, down from ¥45 in the previous fiscal year. - FY2020AdvancedAnnual report
「Payout ratio Gradually raise the payout ratio to above 20% 25.3%」
The company disclosed a payout ratio of 25.3% as progress for the current period against the medium-term management plan target. - FY2019RaisedAnnual report
「For the next fiscal year, we forecast a dividend of ¥47, an increase of ¥2 for the full year, and aim to achieve a 20% payout ratio during the period of the medium-term management plan.」
The company raised its forecast dividend for the next fiscal year from ¥43 to ¥47 and continues to aim to achieve the target payout ratio of 20% during the medium-term plan period. - FY2018First statedAnnual report
「With respect to dividends, our basic stance is to steadily and consistently reward shareholders over the long term, based on a target payout ratio of 20%, and we are working to raise the payout ratio. For the next fiscal year, we forecast a dividend of ¥43, an increase of ¥3 for the full year, and aim to achieve a 20% payout ratio during the period of the medium-term management plan. While continuing to pursue stable and sustained dividend increases as a means of returning profits to shareholders, we will also pursue more flexible shareholder return measures.」
The company has set a target payout ratio of 20%, announced a dividend of ¥43 for the next fiscal year and achievement of the target during the medium-term management plan, and indicated stable, sustained dividend increases and flexible shareholder return measures.