Emphasis on Profitability, Capital Efficiency and Payout Ratio
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: FY2026.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company positions returning profits to shareholders as one of its key management priorities and, while working to strengthen its management foundation and improve profitability, adopts stable and consistent dividends as its basic policy and targets a dividend payout ratio of 40% or more.」
The payout ratio for the fiscal year ending March 2026 was 41.3%, exceeding the target payout ratio of 40% or higher. - 2026-06-08AdvancedTreasury shares
「(2) Number of shares to be cancelled 350,000 shares (3) Scheduled cancellation date 30 June 2026」
The company specified the completion of the acquisition and the scheduled cancellation date for 350,000 shares as a measure to improve capital efficiency through the acquisition and cancellation of treasury shares. - FY2026-H1AdvancedAnnual report
「The Company will acquire treasury shares to enhance shareholder returns and capital efficiency and to implement a flexible capital policy in response to changes in the management environment. To enhance shareholder value over the medium to long term, all acquired treasury shares will be cancelled. Total number of shares to be acquired: 350,000 (maximum); total acquisition cost: ¥500 million (maximum); acquisition period: 6 November 2025 to 23 June 2026.」
Specified measures to improve capital efficiency through the acquisition and cancellation of treasury shares and set a maximum acquisition amount and acquisition period. - FY2025RaisedAnnual report
「Adopts stable and consistent dividends as its basic policy and targets a dividend payout ratio of 40% or more.」
The wording changed from targeting a dividend payout ratio of approximately 40% to targeting 40% or more, adding a lower bound. - FY2024RaisedAnnual report
「States its aim of enhancing shareholder returns with a target dividend payout ratio of approximately 40%.」
Specifies a target level of approximately 40% for the dividend payout ratio, which had previously been a key focus. - FY2021RestatedAnnual report
「The key management indicators are year-on-year changes in net sales and operating income and the dividend payout ratio.」
Reaffirms its focus on year-on-year changes in net sales and operating income and the dividend payout ratio as management indicators. - FY2019RestatedAnnual report
「The key management indicators are year-on-year changes in net sales and operating income and the dividend payout ratio.」
Reaffirms its focus on year-on-year changes in net sales and operating income and the dividend payout ratio as management indicators. - FY2018RestatedAnnual report
「The key management indicators are year-on-year changes in net sales and operating income and the dividend payout ratio.」
Reaffirms its focus on year-on-year changes in net sales and operating income and the dividend payout ratio as management indicators. - FY2017ReframedAnnual report
「The key management indicators are year-on-year changes in net sales and operating income and the dividend payout ratio.」
The focus changed from the ordinary profit margin on net sales, ROE and dividend payout ratio to year-on-year changes in net sales and operating income and the dividend payout ratio. - FY2016First statedAnnual report
「With the aim of enhancing corporate value, the Company treats the ordinary profit margin on net sales, return on equity (ROE) and dividend payout ratio as key management indicators, and works to improve investment efficiency through the efficient use of shareholders' equity as well as profitability.」
Explicitly identifies the ordinary profit margin on net sales, ROE and dividend payout ratio as key management indicators.