Maintaining a 25% payout ratio
First written in FY2016. 13 of 19 entries say "Restated". Latest entry: 2026-07-31.
- 2026-07-31RestatedRevision of earnings forecasts
「To further enhance shareholder returns, we introduced progressive dividends with a target payout ratio of 35% from the fiscal year ending March 2027.」
The company reaffirmed its progressive dividend policy targeting a 35% payout ratio and revised its annual dividend forecast to ¥59.45 following the upward revision to its earnings forecast. - FY2026RaisedAnnual report
「To further enhance shareholder returns, we have decided to introduce progressive dividends targeting a dividend payout ratio of 35% from the fiscal year ending March 2027. This will enable us to provide more stable returns to shareholders while prioritizing growth investments.」
The company expanded its policy beyond maintaining a target dividend payout ratio of approximately 35%, announcing plans to introduce progressive dividends from the fiscal year ending March 2027 in order to increase the stability of shareholder returns. - FY2026-H1RestatedAnnual report
「Board of Directors meeting held on 31 October 2025 Common shares 4,900 18.02 30 September 2025 9 December 2025 Retained earnings」
The company resolved to pay an interim dividend totaling ¥4,900 million, or ¥18.02 per share. No change was stated to the existing policy of targeting a 35% dividend payout ratio. - FY2025RaisedAnnual report
「The dividend payout ratio had previously been set at approximately 30%, but we will change it to approximately 35%, taking into consideration the expansion of the management foundation, strengthening of the financial position and improvement of capital efficiency, among other factors.」
The company raised its target dividend payout ratio from approximately 30% to approximately 35%. The planned dividend payout ratio for the current fiscal year is 32.5%. - FY2025-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 25 October 2024, the company resolved to pay an interim dividend to shareholders recorded on the final shareholder register as of 30 September 2024, as follows: ① Total dividends: ¥5,462 million ② Dividend per share: ¥19.83」
The company resolved to pay an interim dividend totaling ¥5,462 million, or ¥19.83 per share. No change was indicated to the policy, raised in FY2024, of targeting a dividend payout ratio of approximately 30%. - FY2024RaisedAnnual report
「The dividend payout ratio had previously been set at approximately 25%, but we have changed it to approximately 30%, taking into consideration the expansion of the management foundation, strengthening of the financial position and improvement of capital efficiency, among other factors.」
The company raised its target dividend payout ratio from approximately 25% to approximately 30%. The actual dividend payout ratio for the current fiscal year was 27.5%. - FY2024-Q2RestatedAnnual report
「With regard to the interim dividend from retained earnings for the 62nd fiscal period (from 1 April 2023 to 31 March 2024), the Board of Directors, at a meeting held on 26 October 2023, resolved to pay an interim dividend to shareholders recorded on the final shareholder register as of 30 September 2023, as follows: ① Total dividends: ¥3,547 million ② Dividend per share: ¥12.60」
The company resolved to pay an interim dividend totaling ¥3,547 million, or ¥12.60 per share. This quarterly report does not itself state the 25% dividend payout ratio standard. - FY2023RestatedAnnual report
「With regard to dividends, we are implementing a dividend payout ratio of 25% while also taking into consideration the expansion of the management foundation, strengthening of the financial position and improvement of capital efficiency, among other factors,」
The company continues its 25% dividend payout ratio policy, and the dividend payout ratio against consolidated net profit was 25% for the current fiscal year as well. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 27 October 2022, the company resolved to pay an interim dividend to shareholders recorded on the final shareholder register as of 30 September 2022, as follows: ① Total dividends: ¥5,062 million ② Dividend per share: ¥17.80」
The company resolved to pay an interim dividend of ¥17.80 per share, totaling ¥5,062 million. Although this was consistent with the previous 25% dividend payout ratio standard, the standard itself was not stated in this quarterly report. - FY2022RestatedAnnual report
「The dividend payout ratio is set at 25%. This standard will continue to be maintained for the current fiscal year.」
The company maintained the 25% dividend payout ratio standard, and the dividend payout ratio against consolidated net profit for the current fiscal year was also 25.0%. - FY2021RestatedAnnual report
「Since the second half of the fiscal year ended March 2012, the dividend payout ratio has been set at 25%, and this standard will continue to be maintained for the current fiscal year.」
The company maintained the 25% dividend payout ratio standard, and the dividend payout ratio against consolidated net profit for the current fiscal year was also 25.0%. - FY2020RestatedAnnual report
「Since the second half of the fiscal year ended March 2012, the dividend payout ratio has been set at 25%, and this standard will continue to be maintained for the current fiscal year.」
The company maintained the 25% dividend payout ratio standard, and the dividend payout ratio against consolidated net profit for the current fiscal year was also 25.0%. - FY2019RestatedAnnual report
「Since the second half of the fiscal year ended March 2012, the dividend payout ratio has been set at 25%, and this standard will continue to be maintained for the current fiscal year.」
The company maintained the 25% dividend payout ratio standard from the second half of the fiscal year ended March 2012 onward, and the dividend payout ratio against consolidated net profit for the current fiscal year was also 25.0%. - FY2018RestatedAnnual report
「Since the second half of the fiscal year ended March 2012, the dividend payout ratio has been set at 25%, and this standard will continue to be maintained for the current fiscal year.」
The company maintained the 25% dividend payout ratio standard for the current fiscal year, and the actual dividend payout ratio was also 25.0%. - FY2016First statedAnnual report
「Since the second half of the fiscal year ended March 2012, the dividend payout ratio has been set at 25%, and this standard will continue to be maintained for the current fiscal year.」
The company states that it will maintain the 25% dividend payout ratio standard adopted from the second half of the fiscal year ended March 2012 for the current fiscal year as well.