Balancing Above-Average Dividends with Growth Investment
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2023.
- FY2023ReframedAnnual report
「The company's basic dividend policy is to maintain an appropriate level of profit each fiscal year and target a standalone payout ratio of 50% in order to meet shareholders' expectations.」
The policy was defined more specifically, changing from the previous expression of “dividends exceeding the peer average” to a target standalone payout ratio of 50%. The balance with research and development and capital investment has been maintained. - FY2018RestatedAnnual report
「The company's basic dividend policy is to deliver dividends exceeding the peer average while continuously securing an appropriate level of profit each fiscal year, based on the medium-term management plan approved by the Board of Directors, in order to meet shareholders' expectations.」
The company has continued its basic policy of balancing a stronger equity base through research and development and capital investment with dividends exceeding the peer average. - FY2016First statedAnnual report
「The company's basic dividend policy is to deliver dividends exceeding the peer average while continuously securing an appropriate level of profit each fiscal year, based on the medium-term management plan approved by the Board of Directors, in order to meet shareholders' expectations.」
The dividend policy emphasizes balancing a stronger equity base for research and development and capital investment with a long-term, stable source of dividends.