Balancing Growth Investment with Stable Dividends
First written in FY2016. 14 of 32 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1AdvancedAnnual report
「12 November 2026 Board of Directors Common shares 1,236 40.00 30 September 2026 9 December 2026 Retained earnings」
Following the announcement of an increase in the target payout ratio to 40% and a progressive dividend policy, a resolution was recorded setting the interim dividend based on the end-September 2026 record date at ¥1.236 billion in total, or ¥40 per share. - FY2026RaisedAnnual report
「For dividends from the fiscal year ending March 2027 onward, we will raise our target payout ratio to 40% and introduce progressive dividends, with the basic policy of maintaining or increasing the dividend per share in order to clarify our medium- to long-term approach to shareholder returns.」
The company changed its policy from the previous target payout ratio of 35% to 40% from the fiscal year ending March 2027 onward and adopted a progressive dividend policy. It also set a target of a total payout ratio exceeding 70% on a cumulative basis over the 3 years of the new medium-term management plan. - FY2026-H1AdvancedAnnual report
「11 November 2025 Board of Directors Common shares 1,150 34.00 30 September 2025 9 December 2025 Retained earnings」
A resolution was recorded setting the interim dividend at ¥1.15 billion in total, or ¥34 per share. The per-share dividend includes a ¥5 commemorative dividend marking the company's 70th anniversary and was an increase from the previous fiscal year's interim dividend of ¥29 per share. - FY2025-H1AdvancedAnnual report
「Board of Directors meeting held on 8 November 2024 Common shares 980 29.00 30 September 2024 9 December 2024 Retained earnings」
No change to the previous policy of targeting a 35% dividend payout ratio was indicated, but a resolution was passed setting the interim dividend at ¥29 per share, totaling ¥980 million. This was an increase from the previous fiscal year's interim dividend of ¥25 per share. - FY2024AdvancedAnnual report
「For the fiscal year, in line with the dividend policy described above, approval was obtained at the 69th Annual General Meeting held on 27 June 2024 for a year-end dividend of ¥33 per share. Including the interim dividend of ¥25 per share, totaling ¥880 million, the annual dividend per share for the fiscal year was ¥58.」
The company decided on a year-end dividend of ¥33 per share and an annual dividend of ¥58 per share for the fiscal year ending March 2024, while maintaining its basic policy of targeting a 35% dividend payout ratio and retaining earnings for growth investment. - FY2024-Q3RestatedAnnual report
「Board of Directors meeting held on 10 November 2023 Common shares 880 25.00 30 September 2023 8 December 2023 Retained earnings」
No change to the basic policy of targeting a 35% dividend payout ratio was indicated, and the interim dividend based on the end-September 2023 record date was reconfirmed at ¥25 per share, totaling ¥880 million. - FY2024-Q2AdvancedAnnual report
「Board of Directors meeting held on 10 November 2023 Common shares 880 25.00 30 September 2023 8 December 2023 Retained earnings」
A resolution was passed setting the total interim dividend for the period at ¥880 million, or ¥25 per share. No change to the basic policy of targeting a 35% dividend payout ratio was stated. - FY2024-Q1AdvancedAnnual report
「29 June 2023 Annual General Meeting of Shareholders Common shares ¥1,373 million ¥39.00 31 March 2023 30 June 2023 Retained earnings」
The company disclosed payment of a year-end dividend for the fiscal year ended March 2023 of ¥39 per share, totaling ¥1,373 million. This was the actual dividend paid under the policy of targeting a dividend payout ratio of 35%. - FY2023RaisedAnnual report
「In light of this business environment, our basic dividend policy is to secure retained earnings as funds necessary for investment to expand the business while pursuing higher corporate value and maximized shareholder value, and at the same time to continue stable dividends aligned with earnings performance and determine the dividend amount with a target payout ratio of 35%.」
The company raised its policy from the previous target dividend payout ratio of 25% to a target of 35%. It maintained its policy of balancing the retention of earnings necessary for growth investment with stable, performance-linked dividends. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 7 November 2022, the following resolution was adopted regarding the interim dividend for the current fiscal year.」
For the current period's interim dividend, the company disclosed payment of ¥21 per share, totaling ¥739 million. No change to the policy of targeting a dividend payout ratio of 25% was indicated. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2022, the following resolution was adopted regarding the interim dividend for the current fiscal year.」
Although no change to the policy of targeting a dividend payout ratio of 25% was indicated, the company resolved to pay an interim dividend based on the end of September 2022 of ¥21 per share, totaling ¥739 million. - FY2023-Q1RestatedAnnual report
「29 June 2022 Annual General Meeting of Shareholders Common shares 809 23.00 31 March 2022 30 June 2022 Retained earnings」
The company disclosed payment of a year-end dividend for the fiscal year ended March 2022 of ¥23 per share, totaling ¥809 million. No change to the policy of targeting a dividend payout ratio of 25% was indicated. - FY2022AdvancedAnnual report
「The year-end dividend for the current period was approved at ¥23 per share at the 67th Annual General Meeting of Shareholders held on 29 June 2022. Combined with the interim dividend of ¥19 per share, totaling ¥670 million, the dividend per share for the current period was ¥42 for the full year.」
While maintaining its policy of targeting a dividend payout ratio of 25%, the company paid a year-end dividend of ¥23, an interim dividend of ¥19 and an annual dividend of ¥42 for the fiscal year ended March 2022. - FY2022-Q3RestatedAnnual report
「8 November 2021 Board of Directors Common shares 670 19.00 30 September 2021 8 December 2021 Retained earnings」
The company reconfirmed the resolution and payment of an interim dividend of ¥19 per share, totaling ¥670 million. No change to the policy of continuing stable dividends linked to performance and targeting a dividend payout ratio of 25% was indicated. - FY2022-Q2AdvancedAnnual report
「Board of Directors meeting held on 8 November 2021 Common shares 670 19.00 30 September 2021 8 December 2021 Retained earnings」
For the current period's interim dividend, the company disclosed a resolution to pay a total of ¥670 million, or ¥19 per share. No change to the policy of continuing stable dividends linked to performance and targeting a dividend payout ratio of 25% was indicated. - FY2022-Q1RestatedAnnual report
「25 June 2021 Annual General Meeting of Shareholders Common shares 533 15.00 31 March 2021 28 June 2021 Retained earnings」
The company disclosed payment of a year-end dividend for the fiscal year ended March 2021 of ¥15 per share, totaling ¥533 million. No change to the policy of targeting a dividend payout ratio of 25% was indicated. - FY2021RaisedAnnual report
「From the fiscal year ending March 2022, while maintaining the policy of continuing stable dividends aligned with earnings performance, the company changed the benchmark for shareholder returns to the payout ratio and raised its target to 25% to further enhance shareholder returns.」
The company changed its policy from the previous target total payout ratio of 20% to a policy based on the dividend payout ratio from the fiscal year ending March 2022 onward, raising the target to 25%. - FY2021-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 6 November 2020, the following resolution was passed regarding the interim dividend for the fiscal year.」
The company disclosed the resolution and payment of an interim dividend of ¥15 per share, totaling ¥534 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 6 November 2020, the following resolution was passed regarding the interim dividend for the fiscal year.」
For the current period's interim dividend, the company resolved to pay a total of ¥534 million, or ¥15 per share. No change to the basic policy of targeting a total payout ratio of 20% was disclosed. - FY2021-Q1RestatedAnnual report
「26 June 2020 Annual General Meeting of Shareholders Common shares 534 15.00 31 March 2020 29 June 2020 Retained earnings」
The company disclosed payment of a year-end dividend for the fiscal year ended March 2020 of ¥15 per share, totaling ¥534 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2020-Q3RestatedAnnual report
「At a board of directors meeting held on 8 November 2019, the company resolved the following with respect to the interim dividend for the current fiscal year.」
The company disclosed the resolution and payment of an interim dividend of ¥15 per share, totaling ¥538 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2020-Q2RestatedAnnual report
「At a board of directors meeting held on 8 November 2019, the company resolved the following with respect to the interim dividend for the current fiscal year.」
The company disclosed a resolution to pay an interim dividend of ¥15 per share, totaling ¥538 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2020-Q1RestatedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 540 15.00 31 March 2019 28 June 2019 Retained earnings」
The company disclosed payment of a year-end dividend for the fiscal year ended March 2019 of ¥15 per share, totaling ¥540 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 November 2018, the company resolved the following matters concerning the interim dividend for the fiscal year.」
The company disclosed the resolution and payment of an interim dividend of ¥15 per share, totaling ¥540 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2019-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2018, the company resolved the following matters concerning the interim dividend for the fiscal year.」
The company disclosed a resolution to pay an interim dividend of ¥15 per share, totaling ¥540 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2019-Q1RestatedAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares ¥594 million ¥16.50 31 March 2018 29 June 2018 Retained earnings」
The company disclosed payment of a year-end dividend for the previous fiscal year of ¥16.50 per share on a post-stock-split basis, totaling ¥594 million. No change to the basic policy of targeting a total payout ratio of 20% was indicated. - FY2018AdvancedAnnual report
「The dividend per share for the current period was ¥30 for the full year.」
While maintaining its basic policy of targeting a total payout ratio of 20%, the company reported dividends of ¥13.50 per share for the interim period, ¥16.50 for the year-end and ¥30 for the full year, on a post-stock-split basis. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 10 November 2017, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
There was no change to the basic policy of targeting a total payout ratio of 20%, and the company reconfirmed the resolution and payment of an interim dividend of ¥27 per share. - FY2018-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2017, the following resolution was adopted concerning the interim dividend for the current fiscal year.」
The company disclosed a resolution to pay an interim dividend of ¥27 per share. The previous fiscal year's interim dividend of ¥20 and the current fiscal year's year-end dividend of ¥26 show the progression of actual dividend amounts, but no change to the basic policy of targeting a total payout ratio of 20% was disclosed. - FY2017RaisedAnnual report
「Accordingly, our basic dividend policy is to retain sufficient earnings to secure the funds required for investment in business expansion, with the aim of increasing corporate value and maximising shareholder value, while continuing to pay stable dividends and determining the dividend amount with a total payout ratio of 20% as a guideline.」
The company raised its target total payout ratio from 15% to 20%. It also disclosed a year-end dividend of ¥26, an interim dividend of ¥20 and an annual dividend of ¥46. - FY2017-Q2RestatedAnnual report
「At the Board of Directors meeting held on 11 November 2016, the company resolved as follows regarding the interim dividend for the fiscal year under review.」
The company reported that it resolved to pay an interim dividend of ¥20 per share under its stable dividend policy. - FY2016First statedAnnual report
「Our basic dividend policy is to build up retained earnings to secure the investment funds necessary for business expansion, while continuing to pay stable dividends and determining dividend amounts with a target total payout ratio of 15%.」
The company stated a profit distribution policy combining retained earnings for business expansion with stable dividends, with a target total payout ratio of 15%.