Shareholder Returns That Take Capital Costs and Share Price into Account
First written in FY2024. 2 of 3 entries say "Advanced", first in 2026-05-22. Latest entry: FY2026.
- 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.」
Against a target payout ratio of 40% or more, the payout ratio for the current fiscal year was 41.3%. - 2026-05-22AdvancedEarnings presentation
「We aim to further enhance the market’s evaluation of the company and increase corporate value by improving capital efficiency and achieving sustainable profit growth.」
Regarding management with awareness of the cost of capital and share price, the company has set targets of ROE of at least 12.0% and PBR of at least 1.5x for the fiscal year ending March 2028. - FY2024First statedAnnual report
「In the disclosure "Initiatives to Realize Management That Is Conscious of Cost of Capital and Share Prices," published on 21 December 2023, the Company states that it aims to enhance shareholder returns, targeting a payout ratio of 40%.」
Based on the disclosure concerning management that is conscious of cost of capital and share prices, the target of shareholder returns based on a payout ratio of approximately 40% was extracted for tracking for the first time.