Stable Dividends Balanced with Large-Scale Investment
First written in FY2016. 10 of 34 entries say "Restated". Latest entry: 2026-11-06.
- FY2026RaisedAnnual report
「In its new medium-term management plan beginning in fiscal 2026, the Company has established a total payout ratio of at least 50% as a guideline, based on the five-year average through fiscal 2030. While anticipating future growth investment, it will strengthen its cash flow generation capabilities and implement flexible shareholder returns, including share buybacks in addition to stable dividends, to further enhance shareholder returns.」
Expanded its shareholder-return guideline from the previous payout ratio of at least 30% to a total payout ratio of at least 50% based on the five-year average through fiscal 2030. - FY2026-H1Resolution on an interim dividend of ¥45Annual report
「(a) Total dividends: ¥4,191 million (b) Dividend per share: ¥45.00」
Resolved to pay an interim dividend of ¥45 per share with 30 September 2025 as the record date. This is an increase from the previous interim dividend of ¥35. - FY2025Annual dividend of ¥90; payout ratio of 30.5%Annual report
「Accordingly, the annual dividend for the fiscal year will be ¥90 per share, comprising the interim dividend of ¥35 already paid, and the payout ratio will be 30.5%.」
The annual dividend became ¥90 per share, comprising an interim dividend of ¥35 and a year-end dividend of ¥55, exceeding the medium-term target of a payout ratio of at least 30%. - FY2025-H1Resolution for an Interim Dividend of ¥35Annual report
「At a board of directors meeting held on 8 November 2024, the company resolved the following with respect to the interim dividend for the current fiscal year.」
Resolved to pay an interim dividend of ¥35 per share, totalling ¥3,259 million, with 30 September 2024 as the record date. - FY2024Annual dividend of ¥67; payout ratio of 32.41%Annual report
「Accordingly, the annual dividend for the fiscal year will be ¥67 per share, comprising the interim dividend of ¥25 already paid, and the payout ratio will be 32.41%.」
The annual dividend became ¥67 per share, comprising an interim dividend of ¥25 and a year-end dividend of ¥42. The payout ratio exceeded the medium-term management plan target of at least 30%. - FY2024-Q2Approval of a ¥25 interim dividendAnnual report
「At a meeting of the Board of Directors held on 25 October 2023, the Company resolved as follows regarding the interim dividend for the fiscal year.」
Resolved to pay an interim dividend of ¥25 per share, totalling ¥2,328 million, with 30 September 2023 as the record date. - FY2023AchievedAnnual report
「After carefully considering the current business environment, performance trends and the dividend policy described above, the Company decided to pay a year-end dividend of ¥16 per share for the fiscal year. As no interim dividend was paid, the annual dividend for the fiscal year will be ¥16 per share.」
Resumed dividend payments after paying no dividend in the previous fiscal year, paying an annual dividend of ¥16 per share. The medium-term target of a payout ratio of at least 30% remains in place. - FY2022Restatement of the target for resuming dividend paymentsAnnual report
「The Company positions returning profits to shareholders as an important management priority. Its basic policy is to secure retained earnings in consideration of large-scale investment and continue stable dividends. From the perspective of prioritising the accumulation of equity and shareholder returns based on business performance, it uses the payout ratio as an indicator, aims to resume dividend payments at an early stage, and targets a payout ratio of at least 30%.」
While noting the absence of dividends, the Company maintained its basic policy of stable dividends and reiterated, in its new medium-term management plan, its targets of resuming dividends at an early stage and achieving a payout ratio of at least 30%. - FY2021SoftenedAnnual report
「The year-end dividend for the fiscal year had been left undecided as of the announcement of the results for the fiscal year ended March 2020. After careful consideration of the current business environment, performance trends and the dividend policy described above, the Company concluded that securing cash and cash equivalents was the highest priority and, with great regret, paid no year-end dividend.」
While maintaining its basic policy of securing retained earnings in consideration of large-scale investment and paying stable dividends, the Company prioritised securing cash and cash equivalents and paid no year-end dividend for the fiscal year. - FY2021-Q1Payment of year-end dividendsAnnual report
「25 June 2020, Annual General Meeting of Shareholders, common shares, total dividends, ¥812 million; dividend per share, ¥10.0.」
Paid a year-end dividend of ¥10 per share for the fiscal year ended March 2020, bringing total shareholder returns for the year to ¥32 per share together with the previous interim dividend of ¥22. - FY2020Update to the payout ratio target and annual dividendAnnual report
「Given the nature of its business operating passenger terminals at Haneda Airport, the Company expects large-scale investments to arise once every several years and considers it necessary to secure retained earnings in consideration of large-scale investments such as facility renewal work. At the same time, it regards shareholder returns as one of its important management priorities. Its basic policy is to continue paying stable dividends and actively return profits in line with performance, and it has set a payout ratio of at least 30% as a target indicator in its medium-term management plan. Although the COVID-19 pandemic has had a significant impact on the Company's performance, it is considered a temporary factor, and the Company has no plans to change its basic approach to shareholder returns.」
Maintained its policy of securing retained earnings for large-scale investment and paying stable dividends, and explicitly set a payout ratio target of at least 30%. Annual dividends for the fiscal year totalled ¥32 per share, comprising an interim dividend of ¥22 and a year-end dividend of ¥10. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,787 million; dividend per share, ¥22.00.」
Paid an interim dividend of ¥22 per share, continuing shareholder returns. - FY2020-Q2Interim Dividend PaymentAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,787 million; dividend per share, ¥22.00.」
Resolved to pay an interim dividend of ¥22 per share, continuing shareholder returns. - FY2020-Q1Payment of year-end dividendsAnnual report
「26 June 2019, Annual General Meeting of Shareholders, common shares, total dividends, ¥1,787 million; dividend per share, ¥22.0.」
Paid a year-end dividend of ¥22 per share for the fiscal year ended March 2019, bringing total shareholder returns for the year to ¥45 per share together with the previous interim dividend of ¥23. - FY2019Annual dividend amount updatedAnnual report
「After comprehensively considering its financial position, full-year performance and other factors, the Company decided to pay a dividend of ¥45 per share for the fiscal year, including the ¥23 interim dividend already paid.」
Maintained its basic policy of securing retained earnings in consideration of large-scale investment and paying stable dividends, and the annual dividend changed from ¥44 to ¥45 per share. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 7 November 2018, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,868 million; dividend per share, ¥23.00.」
Paid an interim dividend of ¥23 per share, continuing shareholder returns. - FY2019-Q2Interim Dividend PaymentAnnual report
「At a meeting of the Board of Directors held on 7 November 2018, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,868 million; dividend per share, ¥23.00.」
Resolved to pay an interim dividend of ¥23 per share, continuing shareholder returns. - FY2019-Q1Payment of year-end dividendsAnnual report
「27 June 2018, Annual General Meeting of Shareholders, common shares, total dividends, ¥1,949 million; dividend per share, ¥24.0.」
Paid a year-end dividend of ¥24 per share for the fiscal year ended March 2018. No change to the basic policy of balancing large-scale investment with stable dividends was stated. - FY2018Annual dividend amount updatedAnnual report
「After comprehensively considering its financial position, full-year performance and other factors, the Company decided to pay a dividend of ¥44 per share for the fiscal year, including the ¥20 interim dividend already paid.」
Maintained its basic policy of continuing stable dividends while securing retained earnings in consideration of large-scale investment, and paid an annual dividend of ¥44 per share for the fiscal year. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2017, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,624 million; dividend per share, ¥20.00.」
Resolved to pay an interim dividend of ¥20 per share, continuing shareholder returns. No change to the stable dividend policy alongside large-scale investment was stated. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2017, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,624 million; dividend per share, ¥20.00.」
Resolved to pay an interim dividend of ¥20 per share, continuing shareholder returns. No change to the stable dividend policy alongside large-scale investment was stated. - FY2018-Q1RestatedAnnual report
「29 June 2017, Annual General Meeting of Shareholders, common shares, total dividends, ¥1,380 million; dividend per share, ¥17.0.」
Paid a year-end dividend of ¥17 per share, continuing shareholder returns. No change to the stable dividend policy alongside large-scale investment was indicated. - FY2017RestatedAnnual report
「The Company regards returning profits to shareholders as one of its important management priorities. Its basic policy is to pursue management with an increasingly proactive stance, work to improve performance, secure retained earnings in consideration of large-scale investments such as the renewal of facilities at Haneda Airport's domestic passenger terminal building, and continue paying stable dividends.」
Reaffirmed its policy of continuing stable dividends while securing retained earnings required for large-scale investment, and paid an annual dividend of ¥33 per share for the fiscal year. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2016, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,299 million; dividend per share, ¥16.00.」
Reiterated the payment of the ¥16-per-share interim dividend. No change to the stable dividend policy alongside large-scale investment was stated. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2016, the Company resolved as follows regarding the interim dividend for the fiscal year: total dividends, ¥1,299 million; dividend per share, ¥16.00.」
Resolved to pay an interim dividend of ¥16 per share, confirming the implementation of shareholder returns. No change to the stable dividend policy was stated. - FY2017-Q1RestatedAnnual report
「To establish absolute safety at passenger terminal buildings, we are devoting every effort to further strengthen safety measures, while pursuing greater efficiency through the integrated operation of Haneda Airport's Domestic Terminal 1 and Terminal 2 and working to address increases in operating expenses and other costs.」
No change to the dividend policy itself was indicated during the quarter, and no material change was identified in the policy of balancing shareholder returns with large-scale investment. - FY2016First statedAnnual report
「The Company regards returning profits to shareholders as one of its important management priorities. Its basic policy is to pursue management with an increasingly proactive stance, work to improve performance, secure retained earnings in consideration of large-scale investments such as the renewal of facilities at Haneda Airport's domestic passenger terminal building, and continue paying stable dividends.」
Indicated a policy of continuing stable dividends while securing retained earnings required for large-scale investment, and paid an annual dividend of ¥33 per share for the fiscal year.