Shareholder Returns Targeting Stable Dividends and a 30% Payout Ratio
First written in FY2016. 27 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Based on the above policy, the annual general meeting of shareholders scheduled for 24 June 2026 is expected to resolve and implement a year-end dividend of ¥56 per share for the current fiscal year.」
For fiscal 2025, an annual dividend of ¥96 per share is planned, comprising an interim dividend of ¥40 and a year-end dividend of ¥56, an increase from ¥80 in the previous fiscal year. - FY2026-H1AdvancedAnnual report
「With respect to the interim dividend for the 79th fiscal year (1 April 2025 to 31 March 2026), the Board of Directors resolved at its meeting held on 6 November 2025 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2025: ① Total interim dividend: ¥253.145 million ② Interim dividend per share: ¥40.00」
An interim dividend of ¥40 per share was approved for the fiscal year ending March 2026. This was an increase of ¥5 from ¥35 in the previous fiscal year, indicating progress in shareholder returns. - FY2025AdvancedAnnual report
「Based on the above policy, the annual general meeting of shareholders scheduled for 25 June 2025 will resolve and implement a year-end dividend of ¥45 per share for the current fiscal year.」
In addition to the interim dividend of ¥35 per share for the fiscal year ended March 2025, a year-end dividend of ¥45 was approved, bringing the annual dividend to ¥80 per share. This was an increase from ¥65 in the previous fiscal year. - FY2025-H1AdvancedAnnual report
「26 June 2024 Annual general meeting of shareholders Common shares Retained earnings 316,439 50.00 31 March 2024 27 June 2024. With respect to the interim dividend for the 78th fiscal year (1 April 2024 to 31 March 2025), the Board of Directors resolved at its meeting held on 6 November 2024 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2024: ① Total interim dividend: ¥221.506 million ② Interim dividend per share: ¥35.00」
The year-end dividend for the fiscal year ended March 2024 was paid at ¥50 per share, and an interim dividend of ¥35 per share was approved for the fiscal year ending March 2025. Dividend amounts increased from the previous fiscal year's year-end dividend of ¥43 and interim dividend of ¥15. - FY2024-Q3RestatedAnnual report
「With respect to the interim dividend for the 77th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 7 November 2023 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2023: ① Total interim dividend: ¥94.931 million ② Interim dividend per share: ¥15.00 ③ Effective date of the right to claim payment and payment commencement date: 5 December 2023.」
Restates the resolution and payment of the 77th fiscal year's interim dividend of ¥15 per share. The increase from the previous fiscal year's interim dividend of ¥10 had already been stated in the previous quarterly report, and there is no new policy change in the current quarter. - FY2024-Q2AdvancedAnnual report
「With respect to the interim dividend for the 77th fiscal year (1 April 2023 to 31 March 2024), the Board of Directors resolved at its meeting held on 7 November 2023 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2023: ① Total interim dividend: ¥94.931 million ② Interim dividend per share: ¥15.00 ③ Effective date of the right to claim payment and payment commencement date: 5 December 2023.」
An interim dividend of ¥15 per share was approved for the 77th fiscal year. This was an increase from ¥10 per share in the previous fiscal year's interim period. - FY2024-Q1AdvancedAnnual report
「28 June 2023 Annual general meeting of shareholders Common shares Retained earnings 272,137 43.00 31 March 2023 29 June 2023」
A year-end dividend for the fiscal year ended March 2023 of ¥43 per share, ¥272.137 million in total, was approved and became effective on 29 June 2023. This was an increase from the previous fiscal year's year-end dividend of ¥29 per share, and combined with the previously disclosed interim dividend of ¥10, brought the annual dividend to ¥53 per share. - FY2023-Q2AdvancedAnnual report
「With respect to the interim dividend for the 76th fiscal year (1 April 2022 to 31 March 2023), the Board of Directors resolved at its meeting held on 8 November 2022 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2022: ① Total interim dividend: ¥63.287 million ② Interim dividend per share: ¥10.00 ③ Effective date of the right to claim payment and payment commencement date: 5 December 2022.」
An interim dividend for the 76th fiscal year of ¥10 per share, ¥63.287 million in total, was approved. - FY2023-Q1AdvancedAnnual report
「28 June 2022 Annual general meeting of shareholders Common shares Retained earnings 183,535 29.00 31 March 2022 29 June 2022」
States that the year-end dividend for the fiscal year ended March 2022 was approved at ¥29 per share, ¥183.535 million in total, and became effective on 29 June 2022. - FY2022Changed the dividend breakdown to ¥10 interim and ¥29 year-end.Annual report
「Based on the above policy, the annual general meeting of shareholders held on 28 June 2022 resolved that the year-end dividend for the current fiscal year would be ¥29 per share.」
The annual dividend was ¥39 per share, comprising an interim dividend of ¥10 and a year-end dividend of ¥29. The dividend breakdown changed while the annual dividend remained at ¥39, the same as in the previous fiscal year. - FY2022-Q3RestatedAnnual report
「With respect to the interim dividend for the 75th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 8 November 2021 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2021: ① Total interim dividend: ¥63.288 million ② Interim dividend per share: ¥10.00 ③ Effective date of the right to claim payment and payment commencement date: 3 December 2021.」
Restates the resolution and payment commencement for the 75th fiscal year's interim dividend of ¥10 per share. No change in the dividend policy itself is mentioned. - FY2022-Q2AdvancedAnnual report
「With respect to the interim dividend for the 75th fiscal year (1 April 2021 to 31 March 2022), the Board of Directors resolved at its meeting held on 8 November 2021 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2021: ① Total interim dividend: ¥63.288 million ② Interim dividend per share: ¥10.00 ③ Effective date of the right to claim payment and payment commencement date: 3 December 2021.」
An interim dividend of ¥10 per share was approved for the 75th fiscal year. This was an increase from ¥5 per share in the same period of the previous fiscal year. - FY2022-Q1AdvancedAnnual report
「25 June 2021 Annual general meeting of shareholders Common shares Retained earnings 215,179 34.00 31 March 2021 28 June 2021」
States that the year-end dividend for the fiscal year ended March 2021 was approved at ¥34 per share, ¥215.179 million in total, and became effective on 28 June 2021. - FY2021AdvancedAnnual report
「Based on the above policy, the annual general meeting of shareholders held on 25 June 2021 resolved that the year-end dividend for the current fiscal year would be ¥34 per share.」
A year-end dividend of ¥34 per share was approved. Combined with the interim dividend of ¥5, the annual dividend was ¥39 per share, an increase from ¥37 in the previous fiscal year. - FY2021-Q3RestatedAnnual report
「With respect to the interim dividend for the 74th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 6 November 2020 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2020: ① Total interim dividend: ¥31.644 million ② Interim dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 3 December 2020.」
Restates the resolution for an interim dividend for the 74th fiscal year of ¥31.644 million in total, or ¥5 per share, with payment commencing on 3 December 2020. - FY2021-Q2AdvancedAnnual report
「With respect to the interim dividend for the 74th fiscal year (1 April 2020 to 31 March 2021), the Board of Directors resolved at its meeting held on 6 November 2020 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2020: ① Total interim dividend: ¥31.644 million ② Interim dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 3 December 2020.」
Describes the resolution for an interim dividend for the 74th fiscal year of ¥31.644 million in total, or ¥5 per share, with payment commencing on 3 December 2020. - FY2021-Q1AdvancedAnnual report
「25 June 2020 Annual general meeting of shareholders Common shares Retained earnings 170,879 27.00 31 March 2020 26 June 2020」
States that the year-end dividend for the fiscal year ended March 2020 was approved at ¥27 per share, ¥170.879 million in total, and became effective on 26 June 2020. - FY2020SoftenedAnnual report
「The basic policy for profit allocation based on the above management philosophy is to take a comprehensive view of business development, increase profit distributions in line with improved performance and pay commemorative dividends, thereby seeking to enhance returns to shareholders. Based on this policy, the annual general meeting of shareholders held on 25 June 2020 resolved that the year-end dividend for the current fiscal year would be ¥27 per share.」
The previously stated policy of maintaining a minimum ordinary dividend of ¥10 per share annually and targeting a 30% payout ratio was no longer mentioned, and the profit distribution policy was revised to take performance and other factors into consideration. The annual dividend for the current fiscal year was ¥37 per share, comprising an interim dividend of ¥10 and a year-end dividend of ¥27. - FY2020-Q2AdvancedAnnual report
「With respect to the interim dividend for the 73rd fiscal year (1 April 2019 to 31 March 2020), the Board of Directors resolved at its meeting held on 7 November 2019 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2019: ① Total interim dividend: ¥63.289 million ② Interim dividend per share: ¥10.00 ③ Effective date of the right to claim payment and payment commencement date: 4 December 2019.」
An interim dividend for the 73rd fiscal year of ¥63.289 million in total, or ¥10 per share, was approved, with payment commencing on 4 December. The dividend per share increased from ¥5 in the interim period of the previous fiscal year. - FY2020-Q1AdvancedAnnual report
「21 June 2019 Annual general meeting of shareholders Common shares Retained earnings 170,883 27.00 31 March 2019 24 June 2019」
A year-end dividend for the 72nd fiscal year of ¥170.883 million in total, or ¥27 per share, was approved and became effective on 24 June 2019. This was an increase from ¥21 per share in the previous fiscal year. - FY2019-Q3RestatedAnnual report
「With respect to the interim dividend for the 72nd fiscal year (1 April 2018 to 31 March 2019), the Board of Directors resolved at its meeting held on 6 November 2018 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2018: ① Total interim dividend: ¥31.645 million ② Interim dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 5 December 2018.」
Restates the resolution for an interim dividend for the 72nd fiscal year of ¥31.645 million in total, or ¥5 per share, with payment commencing on 5 December 2018. No change in the dividend policy or target payout ratio is mentioned. - FY2019-Q2AdvancedAnnual report
「With respect to the interim dividend for the 72nd fiscal year (1 April 2018 to 31 March 2019), the Board of Directors resolved at its meeting held on 6 November 2018 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2018: ① Total interim dividend: ¥31.645 million ② Interim dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 5 December 2018.」
Describes the resolution for an interim dividend for the 72nd fiscal year of ¥31.645 million in total, or ¥5 per share, with payment commencing on 5 December 2018. - FY2019-Q1AdvancedAnnual report
「27 June 2018 Annual general meeting of shareholders Common shares Retained earnings 132,911 21.00 31 March 2018 28 June 2018」
States that the year-end dividend for the 71st fiscal year was ¥21 per share, ¥132.911 million in total, and became effective on 28 June 2018 pursuant to the resolution of the annual general meeting of shareholders. - FY2018SoftenedAnnual report
「The basic policy for profit allocation based on the above management philosophy is to maintain a stable ordinary dividend of at least ¥10 per share annually, seek to increase profit distributions in line with improved performance and enhance returns to shareholders by taking into consideration commemorative events and performance in business development.」
While the policy of maintaining a minimum ordinary dividend of ¥10 per share annually continued, the previously stated target payout ratio of 30% was no longer mentioned. The annual dividend for the current fiscal year was ¥26 per share, comprising an interim dividend of ¥5 and a year-end dividend of ¥21. - FY2018-Q3AdvancedAnnual report
「With respect to the interim dividend for the 71st fiscal year (1 April 2017 to 31 March 2018), the Board of Directors resolved at its meeting held on 7 November 2017 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2017: ① Total interim dividend: ¥31.645 million ② Interim dividend per share: ¥5.00 ③ Effective date of the right to claim payment and payment commencement date: 5 December 2017」
In addition to the resolution for an interim dividend of ¥31.645 million in total, or ¥5 per share, for the 71st fiscal year, states that payment would commence on 5 December 2017. - FY2018-Q2AdvancedAnnual report
「With respect to the interim dividend for the 71st fiscal year (1 April 2017 to 31 March 2018), the Board of Directors resolved at its meeting held on 7 November 2017 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2017: ① Total interim dividend: ¥31.645 million ② Interim dividend per share: ¥5.00」
The Board of Directors approved an interim dividend for the 71st fiscal year of ¥31.645 million in total, or ¥5 per share. - FY2018-Q1AdvancedAnnual report
「Annual general meeting of shareholders held on 28 June 2017」
Describes payment of a year-end dividend of ¥23 per share for the 70th fiscal year, including a ¥2 70th anniversary commemorative dividend, approved at the end of the previous fiscal year. - FY2017AdvancedAnnual report
「Based on the above policy, the annual general meeting of shareholders held on 28 June 2017 resolved that the year-end dividend for the current fiscal year would be ¥23 per share, comprising an ordinary dividend of ¥21 and a 70th anniversary commemorative dividend of ¥2.」
A year-end dividend of ¥23 per share was approved, comprising an ordinary dividend of ¥21 and a 70th anniversary commemorative dividend of ¥2. Combined with the interim dividend of ¥5, the annual dividend was ¥28 per share. - FY2017-Q3RestatedAnnual report
「With respect to the interim dividend for the 70th fiscal year (1 April 2016 to 31 March 2017), the Board of Directors resolved at its meeting held on 7 November 2016 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2016: ① Total interim dividend: ¥31.645 million ② Interim dividend per share: ¥5.00」
Restates the resolution to pay an interim dividend of ¥5. It does not state that the policy of a 30% payout ratio or an annual ordinary dividend of ¥10 has changed. - FY2017-Q2AdvancedAnnual report
「With respect to the interim dividend for the 70th fiscal year (1 April 2016 to 31 March 2017), the Board of Directors resolved at its meeting held on 7 November 2016 to pay the interim dividend as follows to shareholders recorded in the shareholder registry as of 30 September 2016: ① Total interim dividend: ¥31.645 million ② Interim dividend per share: ¥5.00」
Specifically describes the resolution to pay an interim dividend of ¥5. It does not mention any change in or achievement of the target payout ratio of 30%. - FY2016First statedAnnual report
「While maintaining a stable ordinary dividend of at least ¥10 per share annually, we will seek to increase profit distributions in line with improved performance and enhance returns to shareholders by taking into consideration commemorative events and performance in our business development. The target payout ratio is 30%, and we will continue to implement this policy steadily.」
Basic policy of maintaining a minimum ordinary dividend of ¥10 per share annually and targeting a 30% payout ratio.