Dividend policy setting a payout ratio of at least 50% and DOE of 5% as minimum levels
First written in FY2016. 8 of 10 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「■Conditions for profit allocation 1. The quality and amount of equity are adequate 2. Cash balances exceed three months of forecast consolidated monthly sales ■Policy 1. The total payout ratio will in principle be no more than 100% 2. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity 3. Dividends will be the basic method of allocation」
The Company continues its policy of making dividends the basic form of allocation, with a total payout ratio of no more than 100% and DOE of 5% as the minimum, provided that equity is adequate and cash balances exceed three months of monthly sales. - 2026-05-30RestatedGeneral Meetings of Shareholders
「The profit allocation policy is broadly as follows: 1. total payout ratio generally within 100%; 2. the lower limit for the payout ratio is a consolidated dividend on equity ratio of 5%; and 3. dividends are the basic means of allocation.」
The Company reaffirmed the framework of its profit allocation policy: a total payout ratio generally within 100%, a 5% consolidated dividend on equity ratio as the lower limit for the payout ratio, and dividends as the basic means of allocation. - FY2024RestatedAnnual report
「In addition to the adequacy of the quality and amount of equity, when cash balances exceed the funds required to operate the business, equivalent to three months of consolidated monthly sales, the total payout ratio through dividends and share buybacks will in principle be limited to 100%. Dividends will be paid twice a year, as interim and year-end dividends, and the dividend payout ratio will in principle be at least 50%. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The Company maintains its basic policy of a total payout ratio of no more than 100%, a dividend payout ratio of at least 50%, DOE of 5% and dividends paid twice a year. - FY2022RestatedAnnual report
「In addition to the adequacy of the quality and amount of equity, when cash balances exceed the funds required to operate the business, equivalent to three months of consolidated monthly sales, the total payout ratio through dividends and share buybacks will in principle be limited to 100%. Dividends will be paid twice a year, as interim and year-end dividends, and the dividend payout ratio will in principle be at least 50%. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The Company maintains its policy of a total payout ratio of no more than 100%, a dividend payout ratio of at least 50%, DOE of 5% and dividends paid twice a year. - FY2021RestatedAnnual report
「In addition to the adequacy of the quality and amount of equity, when cash balances exceed the funds required to operate the business, equivalent to three months of consolidated monthly sales, the total payout ratio through dividends and share buybacks will in principle be limited to 100%. Dividends will be paid twice a year, as interim and year-end dividends, and the dividend payout ratio will in principle be at least 50%. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The Company maintains its policy of a total payout ratio of no more than 100%, a dividend payout ratio of at least 50%, DOE of 5% and dividends paid twice a year. - FY2020RestatedAnnual report
「In addition to the adequacy of the quality and amount of equity, when cash balances exceed the funds required to operate the business, equivalent to three months of consolidated monthly sales, the total payout ratio through dividends and share buybacks will in principle be limited to 100%. Dividends will be paid twice a year, as interim and year-end dividends, and the dividend payout ratio will in principle be at least 50%. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The Company maintains its policy of a total payout ratio of no more than 100%, a dividend payout ratio of at least 50%, DOE of 5% and dividends paid twice a year. - FY2019RestatedAnnual report
「In addition to the adequacy of the quality and amount of equity, when cash balances exceed the funds required to operate the business, equivalent to three months of consolidated monthly sales, the total payout ratio through dividends and share buybacks will in principle be limited to 100%. Dividends will be paid twice a year, as interim and year-end dividends, and the dividend payout ratio will in principle be at least 50%. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The Company maintains its profit allocation policy of a total payout ratio of no more than 100%, a dividend payout ratio of at least 50%, DOE of 5% and dividends paid twice a year. - FY2018RestatedAnnual report
「When no major funding needs are anticipated, the Company will in principle limit shareholder returns through dividends and share buybacks to a total payout ratio of 100%. The dividend payout ratio will be at least 50%, with dividends paid twice a year, as interim and year-end dividends. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The Company maintains its policy of a dividend payout ratio of at least 50%, DOE of 5% and dividends paid twice a year, while stating that the total payout ratio will in principle be limited to 100% when there are no major funding needs. - FY2018-Q2RaisedAnnual report
「In line with the medium-term management plan's profit allocation policy of a total payout ratio of approximately 80%—comprising a 60% dividend payout ratio and 20% share buybacks—the Company will conduct share buybacks during the fiscal year.」
In addition to the existing policy of a payout ratio of at least 50% and DOE of 5%, the medium-term management plan sets a total payout ratio of approximately 80%, comprising a dividend payout ratio of approximately 60% and share buybacks of approximately 20%. - FY2016First statedAnnual report
「The dividend payout ratio will be at least 50%, with dividends paid twice a year, as interim and year-end dividends. The minimum dividend level will be a 5% dividend on equity (DOE), based on consolidated shareholders' equity.」
The policy targets a minimum payout ratio and DOE, with dividends paid twice a year.