Balancing Continuous, Stable Dividends with Future Investment
First written in FY2016. 13 of 24 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Retained earnings will be used for future investment to enhance corporate value, including expansion of existing businesses, development of new businesses and alliances, while taking corporate stability and shareholder returns into consideration. At the same time, the company will acquire treasury shares flexibly to improve capital efficiency and enhance shareholder returns.」
In addition to stable dividends and future investment, the company acquired 697,200 treasury shares for ¥257 million during the fiscal year, implementing a flexible treasury share acquisition program. - FY2026-H1RestatedAnnual report
「18 June 2025 Annual General Meeting of Shareholders Common shares 124 8 31 March 2025 19 June 2025 Retained earnings」
For the fiscal year ended March 2025, the company paid a dividend of ¥8 per share, totaling ¥124 million. This result was in line with its previous dividend policy of setting an annual dividend of ¥8 as the floor. - FY2025SoftenedAnnual report
「The company regards the appropriate return of profits to shareholders as an important management issue. Its basic dividend policy is to pay ongoing dividends based on whichever is greater: a payout ratio of approximately 70% according to the performance of each fiscal year, or an annual dividend of ¥8 per share. However, the ¥8 annual dividend floor applies for the 5 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2029. ... The dividend for the fiscal year was ¥8 per share.」
The dividend policy and the ¥8 annual floor were maintained, but the dividend per share decreased from ¥26 in the previous fiscal year to ¥8 in the current fiscal year. Meanwhile, the company acquired 223,000 treasury shares and, in the following fiscal year, resolved to acquire up to 800,000 shares for up to ¥320 million. - FY2024Annual dividend increased to ¥26Annual report
「The company regards the appropriate return of profits to shareholders as an important management issue. Its basic dividend policy is to pay ongoing dividends based on whichever is greater: a payout ratio of approximately 70% according to the performance of each fiscal year, or an annual dividend of ¥8 per share. ... Based on this policy, the dividend for the fiscal year was ¥26 per share.」
The dividend policy itself was maintained, while the dividend per share for the fiscal year increased from ¥8 in the previous fiscal year to ¥26. - FY2024-Q1RestatedAnnual report
「27 June 2023 Annual General Meeting of Shareholders Common shares 126 8 31 March 2023 28 June 2023 Retained earnings」
For the fiscal year ended March 2023, the company paid a dividend of ¥8 per share, totaling ¥126 million. This result was in line with the policy presented for FY2023 of setting a payout ratio of approximately 70% or an annual dividend of ¥8 as the floor. - FY2023ReframedAnnual report
「The company regards the appropriate return of profits to shareholders as an important management issue. Its basic dividend policy is to pay ongoing dividends based on whichever is greater: a payout ratio of approximately 70% according to the performance of each fiscal year, or an annual dividend of ¥8 per share. However, the ¥8 annual dividend floor applies for the 4 fiscal years covered by the current medium-term management plan, from the fiscal year ending March 2024 through the fiscal year ending March 2027.」
From the fiscal year ending March 2024, the company revised its previous policy of paying ongoing, stable dividends and changed to a policy based on whichever is greater: a payout ratio of approximately 70% or an annual dividend of ¥8 per share. The ¥8 annual dividend floor applies from the fiscal year ending March 2024 through the fiscal year ending March 2027, covering 4 fiscal years. - FY2022SoftenedAnnual report
「The dividend for the fiscal year was ¥8 per share.」
The policies of paying ongoing, stable dividends and considering future investment and treasury share acquisitions were maintained, but the dividend per share decreased from ¥10 in the previous fiscal year to ¥8. - FY2021RestatedAnnual report
「We regard the distribution of profits to shareholders as a key management issue. Our policy is to pay consistent and stable dividends while securing the retained earnings necessary to respond to changes in the business environment. As a basic policy for distributing surplus, we pay a year-end dividend once a year.」
The policies of paying ongoing, stable dividends, using retained earnings for future investment and considering treasury share acquisitions were maintained, and the company paid a dividend of ¥10 per share for the fiscal year. - FY2020RestatedAnnual report
「The company regards the appropriate distribution of profits to shareholders as an important management issue. Its policy is to pay ongoing, stable dividends while securing the retained earnings necessary to respond to changes in the operating environment. As a basic policy, dividends from retained earnings are paid once a year as a year-end dividend. The dividend for the fiscal year was ¥10 per share.」
The policies of paying ongoing, stable dividends and considering future investment and treasury share acquisitions were maintained, and the dividend for the fiscal year was ¥10 per share, unchanged from the previous fiscal year. - FY2019SoftenedAnnual report
「The company regards the appropriate distribution of profits to shareholders as an important management issue. Its policy is to pay ongoing, stable dividends while securing the retained earnings necessary to respond to changes in the operating environment. As a basic policy, dividends from retained earnings are paid once a year as a year-end dividend. ... The dividend for the fiscal year was ¥10 per share.」
The policy of paying ongoing, stable dividends was maintained, but the dividend per share for the fiscal year decreased from ¥15 in the previous fiscal year to ¥10. - FY2019-Q1RestatedAnnual report
「Net assets decreased by ¥354 million from the end of the previous fiscal year to ¥19,138 million, mainly due to dividend payments from retained earnings of ¥237 million and a quarterly net loss of ¥111 million.」
For the fiscal year ended March 2018, the company paid a dividend of ¥15 per share, totaling ¥237 million. No change to the policy of paying ongoing, stable dividends has been disclosed. - FY2018AdvancedAnnual report
「The dividend for the fiscal year was ¥15 per share. Retained earnings will be used for future investment to enhance corporate value, including expansion of existing businesses, development of new businesses and alliances, while taking corporate stability and shareholder returns into consideration. At the same time, the company will consider acquiring treasury shares according to the level of shareholders' equity and cash flow, with a view to improving capital efficiency and balancing supply and demand for its shares.」
The company paid a dividend of ¥15 per share and also acquired 250,000 treasury shares for ¥131.5 million during the fiscal year. It continues to maintain a policy combining stable dividends, future investment and treasury share acquisitions. - FY2018-Q3AdvancedAnnual report
「Net assets decreased by ¥94 million from the end of the previous fiscal year to ¥19,445 million, mainly due to dividend payments of ¥241 million, quarterly net income of ¥267 million and the acquisition of treasury shares for ¥131 million.」
While the policy of paying ongoing, stable dividends itself remains unchanged, the company disclosed that it acquired treasury shares for ¥131 million during the first 3 quarters. - FY2018-Q2RestatedAnnual report
「The main factor was the ¥241 million paid in dividends.」
For the fiscal year ended March 2017, the company paid a dividend of ¥15 per share, totaling ¥241 million. No material change to the policy of paying ongoing, stable dividends has been disclosed. - FY2018-Q1RestatedAnnual report
「Net assets decreased by ¥89 million from the end of the previous fiscal year to ¥19,450 million, mainly due to dividend payments of ¥241 million and quarterly net income of ¥145 million.」
For the fiscal year ended March 2017, the company paid a dividend of ¥15 per share, totaling ¥241 million. No material change to the policy of paying ongoing, stable dividends has been disclosed. - FY2017RestatedAnnual report
「We regard the distribution of profits to shareholders as a key management issue. Our policy is to pay consistent and stable dividends while securing the retained earnings necessary to respond to changes in the business environment. As a basic policy for distributing surplus, we pay a year-end dividend once a year.」
The company reiterated its policy of balancing consistent and stable dividends with future investment funded by retained earnings. The dividend for the fiscal year was ¥15 per share, and the company had also acquired 3,079,100 treasury shares and cancelled 4,948,700 treasury shares. - FY2017-Q3AdvancedAnnual report
「Based on resolutions of the Board of Directors' meetings held on 31 August 2016 and 29 November 2016, the company acquired 3,079,100 treasury shares. As a result, treasury shares increased by ¥1,425 million during the cumulative third quarter. At its meeting held on 29 November 2016, the Board of Directors resolved to cancel treasury shares, and 4,948,700 treasury shares were cancelled effective 12 December 2016.」
The company carried out the acquisition of treasury shares, with the acquisition amounting to ¥1,425 million. It also cancelled 4,948,700 treasury shares, confirming the concrete implementation of the previously stated policy of flexible financial management. - FY2017-Q2RestatedAnnual report
「Of these treasury shares, 1,625 thousand shares are held to enable flexible financial management in preparation for future business development, while 553 thousand shares are held as a result of the lapse of share transfer claim rights associated with the expiration of stock options and the purchase of less-than-one-unit shares.」
In addition to its consistent and stable dividend policy, the company stated that 1,625 thousand of its 2,178,700 treasury shares were held to enable flexible financial management in preparation for future business development. - FY2017-Q1RestatedAnnual report
「29 June 2016 Annual General Meeting of Shareholders Common shares 479 25 31 March 2016 30 June 2016 Retained earnings」
The company stated that, as a dividend for the fiscal year ended March 2016, ¥479 million in total, or ¥25 per share, was paid from retained earnings on common shares. - FY2016First statedAnnual report
「We regard the distribution of profits to shareholders as a key management issue. Our policy is to pay consistent and stable dividends while securing the retained earnings necessary to respond to changes in the business environment. As a basic policy for distributing surplus, we pay a year-end dividend once a year.」
The company stated that retained earnings would be used for future investment in expanding existing businesses, new businesses and alliances, and that share repurchases would also be considered. The dividend for the fiscal year comprised an ordinary dividend of ¥15 per share and a special dividend of ¥10 per share, for a total of ¥25 per share.