40% Consolidated Payout Ratio and Stable Returns to Shareholders
First written in FY2016. 16 of 32 entries say "Raised", first in FY2017. Latest entry: 2026-10-28.
- FY2026RaisedAnnual report
「To further enhance long-term returns to shareholders, we have set a target consolidated payout ratio of more than 40%. Based on these policies, the year-end dividend for the fiscal year will be ¥55 per share (the interim dividend will be ¥0 per share).」
The payout ratio target changed from the previous 40% to more than 40%, and the year-end dividend increased from ¥51 to ¥55 per share. - FY2026-H1RaisedAnnual report
「At the Board of Directors meeting held on 8 May 2025, the company resolved to pay a dividend from retained earnings as follows: (a) Total dividend: ¥413 million (b) Dividend per share: ¥51.00 (c) Effective date of the dividend claim and payment commencement date: 25 June 2025」
Under the policy of stable returns to shareholders, the company increased the year-end dividend from ¥50 to ¥51 per share and paid a total of ¥413 million. - FY2025-H1RestatedAnnual report
「Board of Directors meeting held on 8 May 2024 Common stock 416 50 31 March 2024 21 June 2024 Retained earnings」
The ¥50-per-share year-end dividend determined in the previous fiscal year, comprising a regular dividend of ¥40 and a commemorative dividend of ¥10, was paid in the total amount of ¥416 million. - FY2024RaisedAnnual report
「Taking these policies into account, we set the year-end dividend at ¥50 per share to commemorate the company’s 50th anniversary, including a ¥10 per-share commemorative dividend (the interim dividend will be ¥0 per share).」
The company maintained its policy of stable returns to shareholders, with a target consolidated payout ratio of 40%, and increased the year-end dividend from ¥40 to ¥50 per share. This comprised a regular dividend of ¥40 and a commemorative dividend of ¥10. - FY2024-Q2RestatedAnnual report
「9 May 2023 Board of Directors Common stock 333 40 31 March 2023 23 June 2023 Retained earnings」
The company reported payment of a total of ¥333 million, or ¥40 per share, as the year-end dividend for the fiscal year ended March 2023 under its policy of stable returns to shareholders. - FY2024-Q1RestatedAnnual report
「At the Board of Directors meeting held on 9 May 2023, the company resolved to pay a dividend from retained earnings as follows: (a) Total dividend: ¥333 million (b) Dividend per share: ¥40.00 (c) Effective date of the dividend claim and payment commencement date: 23 June 2023」
Under the policy of stable returns to shareholders, the company paid the year-end dividend increased to ¥40 per share in the previous fiscal year, totaling ¥333 million. - FY2023RaisedAnnual report
「Based on these policies, the year-end dividend for the fiscal year will be ¥40 per share (the interim dividend will be ¥0 per share).」
The company maintained its policy of stable returns to shareholders, with a target consolidated payout ratio of 40%, and increased the year-end dividend from ¥39 to ¥40 per share. - FY2023-Q2RestatedAnnual report
「10 May 2022 Board of Directors Common stock 334 39 31 March 2022 24 June 2022 Retained earnings」
The company reconfirmed payment of a total of ¥334 million, or ¥39 per share, as the year-end dividend for the fiscal year ended March 2022 under its policy of stable returns to shareholders. - FY2023-Q1RaisedAnnual report
「At the Board of Directors meeting held on 10 May 2022, the company resolved to pay a dividend from retained earnings as follows: (a) Total dividend: ¥334 million (b) Dividend per share: ¥39.00 (c) Effective date of the dividend claim and payment commencement date: 24 June 2022」
Under the policy of stable returns to shareholders, the company increased the year-end dividend from ¥38 to ¥39 per share and paid a total of ¥334 million. - FY2022-Q3RestatedAnnual report
「7 May 2021 Board of Directors Common stock 326 38 31 March 2021 23 June 2021 Retained earnings」
The company reiterated that a year-end dividend of ¥38 per share, totaling ¥326 million, was paid under the policy of stable returns to shareholders. - FY2022-Q2RestatedAnnual report
「7 May 2021 Board of Directors Common stock 326 38 31 March 2021 23 June 2021 Retained earnings」
A year-end dividend of ¥38 per share, totaling ¥326 million, was paid under the policy of stable returns to shareholders. - FY2022-Q1RestatedAnnual report
「At the Board of Directors meeting held on 7 May 2021, the company resolved to pay a dividend from retained earnings as follows: (a) Total dividend: ¥326 million (b) Dividend per share: ¥38.00 (c) Effective date of the dividend claim and payment commencement date: 23 June 2021」
The year-end dividend increased to ¥38 per share in the previous fiscal year was paid in the total amount of ¥326 million. - FY2021RaisedAnnual report
「Based on these policies, the year-end dividend for the fiscal year will be ¥38 per share (the interim dividend will be ¥0 per share).」
The company maintained its policy of stable returns to shareholders, with a target consolidated payout ratio of 40%, and increased the year-end dividend from ¥35 to ¥38 per share. - FY2021-Q1RestatedAnnual report
「At the Board of Directors meeting held on 8 May 2020, the company resolved to pay a dividend from retained earnings as follows: (a) Total dividend: ¥286 million (b) Dividend per share: ¥35.00 (c) Effective date of the dividend claim and payment commencement date: 24 June 2020」
A total of ¥286 million, or ¥35 per share, was paid as the previous fiscal year-end dividend under the policy of stable returns to shareholders. - FY2020RaisedAnnual report
「Based on these policies, the year-end dividend for the fiscal year will be ¥35 per share (the interim dividend will be ¥0 per share).」
While maintaining the 40% consolidated payout ratio target and stable dividend policy, the company increased the year-end dividend from ¥25 per share in the previous fiscal year to ¥35. - FY2020-Q1RestatedAnnual report
「(a) Total dividend: ¥207 million (b) Dividend per share: ¥25.00 (c) Effective date of the dividend claim and payment commencement date: 26 June 2019」
The year-end dividend increased to ¥25 per share in the previous fiscal year was paid. No new change was indicated in the 40% consolidated payout ratio target or the policy of stable returns to shareholders. - FY2019RaisedAnnual report
「Based on these policies, the year-end dividend for the fiscal year will be ¥25 per share (the interim dividend will be ¥0 per share).」
While maintaining the 40% consolidated payout ratio target and stable dividend policy, the company increased the year-end dividend from ¥15 per share in the previous fiscal year to ¥25. - FY2019-Q2RestatedAnnual report
「Board of Directors meeting held on 11 May 2018 Common stock 124 15 31 March 2018 27 June 2018 Retained earnings」
The company reiterated payment of a total of ¥124 million, or ¥15 per share, as the year-end dividend for the fiscal year ended March 2018, based on its policy of stable returns to shareholders. - FY2019-Q1RestatedAnnual report
「Board of Directors meeting held on 11 May 2018 Common stock 124 15 31 March 2018 27 June 2018 Retained earnings」
Based on the policy of stable returns to shareholders, the company reported a year-end dividend for the fiscal year ended March 2018 of ¥124 million in total, or ¥15 per share. - FY2018RaisedAnnual report
「Based on these policies, the year-end dividend for the fiscal year will be ¥15 per share (the interim dividend will be ¥0 per share). Going forward, we will maintain this dividend level while considering gradual increases in line with our consolidated performance.」
The company maintained its 40% consolidated payout ratio target and stable dividend policy, and increased the year-end dividend from ¥13 to ¥15 per share. The policy of gradual future increases also continues. - FY2018-Q2RestatedAnnual report
「Board of Directors meeting held on 12 May 2017 Common stock 109 13 31 March 2017 22 June 2017 Retained earnings」
The quarterly report also states that the year-end dividend for the fiscal year ended March 2017, resolved at the previous reporting date, was paid in the amount of ¥109 million, or ¥13 per share. - FY2018-Q1RestatedAnnual report
「At the Board of Directors meeting held on 12 May 2017, the company resolved to pay a dividend from retained earnings as follows: (a) Total dividend: ¥109 million (b) Dividend per share: ¥13.00 (c) Effective date of the dividend claim and payment commencement date: 22 June 2017」
A year-end dividend based on the policy of stable returns to shareholders was paid in the amount of ¥109 million, or ¥13 per share. - FY2017RaisedAnnual report
「Based on these policies, the year-end dividend for the fiscal year will be ¥13 per share (the interim dividend will be ¥0 per share). Going forward, we will maintain this dividend level while considering gradual increases in line with our consolidated performance.」
While maintaining the policy of stable dividends and a 40% consolidated payout ratio, the company explicitly stated that future dividend levels may be increased gradually in line with consolidated performance. - FY2017-Q3RestatedAnnual report
「13 May 2016 Board of Directors Common stock 129 15 31 March 2016 15 June 2016 Retained earnings」
For the common-stock dividend based on 31 March 2016, the company reported a total payment of ¥129 million, or ¥15 per share. - FY2016First statedAnnual report
「Our basic dividend policy is to allocate profits stably in line with consolidated performance, taking a long-term perspective. To further enhance long-term returns to shareholders, we have set a target consolidated payout ratio of 40%.」
Stable dividends are the basic policy, with a consolidated payout ratio of 40% set as an explicit target.