Shareholder Returns: Dividend Payout Ratio of at Least 40% and Total Payout Ratio of 100%
First written in FY2016. 17 of 32 entries say "Restated". Latest entry: FY2026.
34 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「The company plans to maintain the announced year-end dividend of ¥28 per share, bringing the annual dividend to ¥56, a record high after 5 consecutive years of dividend increases.」
Under the policy of using DOE as a guideline, the company plans to pay an annual dividend of ¥56 on a post-stock-split basis, representing 5 consecutive years of dividend increases and a record high. - FY2026-H1Share repurchases and cancellation completedAnnual report
「To further enhance shareholder returns and improve capital efficiency, the company acquired 4.2 million treasury shares for ¥14,490 million in May 2025 and cancelled 5 million treasury shares.」
The company has set out further enhancements to shareholder returns and improved capital efficiency, and acquired 4.2 million treasury shares and cancelled 5 million shares. The interim dividend was ¥28 per share after the stock split. - FY2025-H1Increased interim dividendAnnual report
「At its extraordinary meeting held on 31 October 2024, the Board of Directors resolved to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2024: ① Total dividend: ¥1,412 million ② Dividend per share: ¥75.00」
The interim dividend was ¥75 per share, an increase from ¥70 in the same period of the previous year. All amounts stated are before the stock split. - FY2024RaisedAnnual report
「With respect to dividends, the company increased the annual dividend from the announced ¥140 per share to ¥145, a record high for the second consecutive year, including an increase in the year-end dividend from ¥70 to ¥75.」
Under the shareholder return policy using DOE as a guideline, the company increased the annual dividend from the announced ¥140 to ¥145 and the year-end dividend from ¥70 to ¥75. - FY2024-Q2Increased interim dividendAnnual report
「At its extraordinary meeting held on 31 October 2023, the Board of Directors resolved to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2023: ① Total dividend: ¥1,317 million ② Dividend per share: ¥70.00」
The interim dividend was ¥70 per share, an increase from ¥60 in the same period of the previous year. - FY2024-Q1Year-end dividend increasedAnnual report
「Annual General Meeting of Shareholders, 28 June 2023; common shares; ¥1,410; dividend per share: ¥75.00」
The year-end dividend for the fiscal year ended March 2023 was ¥75 per share, an increase from ¥70 in the same period of the previous year. - FY2023-Q3RestatedAnnual report
「At its extraordinary meeting held on 31 October 2022, the Board of Directors resolved to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2022: ① Total dividend: ¥1,128 million ② Dividend per share: ¥60.00」
Under the policy of restoring the annual dividend to ¥120, the company resolved to pay and paid an interim dividend of ¥60 per share. - FY2023-Q2RestatedAnnual report
「At its extraordinary meeting held on 31 October 2022, the Board of Directors resolved to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2022: ① Total dividend: ¥1,128 million ② Dividend per share: ¥60.00」
Under the policy of restoring the annual dividend to ¥120, the company resolved to pay an interim dividend of ¥60 per share for the current fiscal year and continued to pay dividends twice a year. - FY2023-Q1RestatedAnnual report
「Annual General Meeting of Shareholders, 28 June 2022; common shares; ¥1,315; dividend per share: ¥70.00」
The company paid a year-end dividend of ¥70 per share for the fiscal year ended March 2022, implementing the previously stated policy of restoring the annual dividend to ¥120. - FY2022ReframedAnnual report
「With respect to dividends, under its policy of seeking to increase sustainable shareholder returns, the company uses a certain level of dividend on equity (DOE) as a guideline and increased the annual dividend from ¥100 per share to ¥120, the pre-COVID level, including an increase in the year-end dividend from ¥50 to ¥70.」
The policy wording changed from a fixed target dividend payout ratio of 50% to a policy using a certain level of DOE as a guideline. The annual dividend changed from ¥100 to ¥120, and the year-end dividend changed from ¥50 to ¥70. - FY2022-Q2RestatedAnnual report
「Regarding the interim dividend for the 48th fiscal year, from 1 April 2021 to 31 March 2022, the Board of Directors resolved at its extraordinary meeting held on 29 October 2021 to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2021: ① Total dividend: ¥939 million ② Dividend per share: ¥50.00」
The interim dividend was set at ¥50 per share, continuing the policy of paying dividends twice a year from the previous fiscal year. - FY2021Reduced annual dividendAnnual report
「Based on the above dividend policy, the annual dividend for the fiscal year was set at ¥100.」
The annual dividend was reduced from ¥120 in the previous fiscal year to ¥100, with both the interim and year-end dividends at ¥50 per share. The dividend payout ratio was 45.1%, and the policy of determining dividends based on conditions rather than a fixed payout ratio target continued. - FY2021-Q2Interim dividend reducedAnnual report
「At its extraordinary meeting held on 30 October 2020, the Board of Directors resolved to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2020: ① Total dividend: ¥938 million ② Dividend per share: ¥50.00」
The interim dividend changed from ¥60 per share stated for the same period of the previous year to ¥50 for the current fiscal year. Although the text does not state the intent behind changing the dividend payout ratio target, the actual interim dividend decreased. - FY2020SoftenedAnnual report
「Previously, the company set an operating margin of at least 8% as a management target and a dividend payout ratio of 50% as its medium-term shareholder return policy target. However, because results are significantly affected by the spread of COVID-19, the company will make every effort to respond to conditions.」
Regarding the former 50% dividend payout ratio target, the company has softened the wording from a fixed target to a policy responsive to conditions, citing the impact of the spread of COVID-19. - FY2020-Q3RestatedAnnual report
「Regarding the interim dividend for the 46th fiscal year, from 1 April 2019 to 31 March 2020, the Board of Directors resolved at its extraordinary meeting held on 30 October 2019 to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2019: ① Total dividend: ¥1,125 million ② Dividend per share: ¥60.00」
Under a shareholder return policy centered on a 50% dividend payout ratio, the company resolved to pay and paid an interim dividend of ¥60 per share. - FY2020-Q1RestatedAnnual report
「Annual General Meeting of Shareholders, 26 June 2019; common shares; ¥1,125; dividend per share: ¥60.00」
Under a shareholder return policy centered on a 50% dividend payout ratio, the company paid a dividend of ¥60 per share. - FY2019RestatedAnnual report
「The basic policy is to target a dividend payout ratio of 50% and pay interim and year-end dividends twice a year. The company's shareholder return policy also emphasizes active investment to expand the business.」
The company reaffirmed its shareholder return policy combining a 50% dividend payout ratio, 2 dividend payments per year and active investment in business expansion, and set the annual dividend for the fiscal year at ¥120. - FY2019-Q3RestatedAnnual report
「Regarding the interim dividend for the 45th fiscal year, from 1 April 2018 to 31 March 2019, the Board of Directors resolved at its meeting held on 12 October 2018 to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2018: ① Total dividend: ¥1,123 million ② Dividend per share: ¥60.00」
Under a shareholder return policy centered on a 50% dividend payout ratio, the company paid an interim dividend of ¥60 per share. - FY2019-Q2RestatedAnnual report
「Regarding the interim dividend for the 45th fiscal year, from 1 April 2018 to 31 March 2019, the Board of Directors resolved at its meeting held on 12 October 2018 to pay an interim dividend as follows to shareholders recorded in the shareholder register as of 30 September 2018: ① Total dividend: ¥1,123 million ② Dividend per share: ¥60.00」
Under a shareholder return policy centered on a 50% dividend payout ratio, the company resolved to pay an interim dividend of ¥60 per share. - FY2019-Q1RestatedAnnual report
「Annual General Meeting of Shareholders, 27 June 2018; common shares; ¥1,123; dividend per share: ¥60.00」
The company paid a dividend of ¥60 per share for the fiscal year ended March 2018 and continued shareholder returns through dividends. - FY2018RestatedAnnual report
「The basic policy is to target a dividend payout ratio of 50% and pay interim and year-end dividends twice a year. The company's shareholder return policy also emphasizes active investment to expand the business.」
The company is reaffirming its shareholder return policy combining a 50% dividend payout ratio, 2 dividend payments per year and investment in business expansion. - FY2018-Q3RestatedAnnual report
「In addition to its shareholder return policy based on a 50% dividend payout ratio, the company expanded its shareholder benefit program to enhance the appeal of investing in its shares by improving the effective yield and to encourage medium- to long-term shareholding.」
The company is reaffirming its 50% dividend payout ratio policy and the expansion of its shareholder benefit program to encourage medium- to long-term shareholding. - FY2018-Q2RestatedAnnual report
「The company presented shareholders with a shareholder return policy based on a 50% dividend payout ratio, sought to enhance the appeal of investing in its shares by improving the effective yield, and expanded its shareholder benefit program to encourage shareholders to hold the shares over the medium to long term.」
The company is reaffirming its 50% dividend payout ratio and the expansion of its shareholder benefit program to encourage medium- to long-term shareholding. - FY2018-Q1AdvancedAnnual report
「The company presented shareholders with a shareholder return policy based on a 50% dividend payout ratio, sought to enhance the appeal of investing in its shares by improving the effective yield, and expanded its shareholder benefit program to encourage shareholders to hold the shares over the medium to long term.」
The company reaffirmed its 50% dividend payout ratio policy and expanded its shareholder benefit program, specifying its shareholder return measures. - FY2017ReframedAnnual report
「The company focuses on maintaining an appropriate cost ratio and managing costs, and has adopted the operating margin as its most important management indicator. As its medium- to long-term shareholder return policy, it targets a dividend payout ratio of 50%.」
The policy wording changed from the previous target of a dividend payout ratio of at least 40% and a total payout ratio of 100% to a target dividend payout ratio of 50%. The 100% total payout ratio target is not stated here. The dividend payout ratio for the fiscal year was 58.8%, and the annual dividend was ¥120. - FY2017-Q3RestatedAnnual report
「Board of Directors meeting, 31 October 2016; common shares; ¥1,123 million; dividend per share: ¥60.00. Based on a resolution of the Board of Directors meeting held on 13 May 2016, the company acquired 463,400 treasury shares.」
The company paid an interim dividend and acquired treasury shares, continuing shareholder returns through a combination of dividends and treasury share acquisitions. - FY2017-Q1RestatedAnnual report
「Annual General Meeting of Shareholders, 28 June 2016; common shares; total dividend of ¥1,247 million; dividend per share: ¥65. The company acquired 463,400 treasury shares.」
The company made dividend payments and acquired treasury shares during the quarter, continuing its shareholder return policy. The dividend per share includes a ¥5 commemorative dividend for the completion of the Higashimatsuyama Plant. - FY2016AchievedAnnual report
「In addition to a dividend payout ratio of at least 40%, the company stated that it would acquire treasury shares and target a total payout ratio of 100%. The total payout ratio was 101.0%, including 400,000 treasury shares acquired on 18 May 2015 (¥1,712 million), achieving the target.」
The company stated a policy of a dividend payout ratio of at least 40% and a total payout ratio of 100%, and reported a total payout ratio of 101.0% for the fiscal year.