Dividend Policy and No Dividend, Balancing Retained Earnings
First written in FY2018. 7 of 14 entries say "Restated". Latest entry: 2026-08-20.
71 other companies' latest entry also says "Restated".
- FY2026No dividend againAnnual report
「Because no dividends were paid for the 26th through 28th fiscal years, and no dividends are scheduled for the 30th fiscal year, the dividend payout ratio and dividend per share are not stated.」
After paying its first commemorative dividend since listing, amounting to ¥3 per share, in the previous fiscal year, the Company decided not to pay a dividend in the current fiscal year. It has indicated that retained earnings will be allocated preferentially to growth investment, M&A and strengthening its financial position. - FY2026-H1AchievedAnnual report
「26 June 2025 Annual General Meeting of Shareholders Common shares 21,009 3.00 31 March 2025 30 June 2025 Retained earnings」
The Company disclosed that the first commemorative dividend since listing, amounting to ¥3 per share and decided in the previous fiscal year, was actually paid on 30 June 2025 from retained earnings. - FY2025First commemorative dividend paidAnnual report
「The Company had not paid dividends once since its listing in September 2002, and had been unable for an extended period to secure the legally required source of dividends. As it has now secured a source of dividends, it has decided to pay a commemorative dividend of ¥3 per share from retained earnings for the fiscal year.」
The Company has changed from its policy of not paying dividends while prioritizing retained earnings and growth investment, and has decided to pay its first commemorative dividend since listing, amounting to ¥3 per share. - FY2024RestatedAnnual report
「Based on this policy, we regret that no dividend was paid for the fiscal year under review because legally distributable resources had not been secured.」
The company continues to pursue a policy of considering profit distribution after taking into account retained earnings, operating results and financial position, and paid no dividend for the fiscal year under review as well. It explicitly states that legally distributable resources had not been secured as the reason for the absence of a dividend. - FY2023RestatedAnnual report
「Based on this policy, we regret that no dividend was paid for the fiscal year under review, taking into account the balance of retained earnings.」
The company continues to pursue a policy of considering profit distribution after taking into account retained earnings, operating results and financial position, and paid no dividend for the fiscal year under review as well. - FY2022RestatedAnnual report
「Going forward, we will consider distributing profits to shareholders after comprehensively considering the results of operations and financial position for each period while maintaining a balance with retained earnings for future business expansion. Based on this policy, we regret that no dividend was paid for the fiscal year under review, taking into account the balance of retained earnings.」
The company continues to pursue a policy of considering profit distribution after taking into account retained earnings, operating results and financial position, and paid no dividend for the fiscal year under review as well. - FY2021RestatedAnnual report
「Going forward, we will consider distributing profits to shareholders after comprehensively considering the results of operations and financial position for each period while maintaining a balance with retained earnings for future business expansion. Based on this policy, we regret that no dividend was paid for the fiscal year under review, taking into account the balance of retained earnings.」
The company continues to pursue a policy of considering profit distribution after taking into account retained earnings, operating results and financial position, and paid no dividend for the fiscal year under review as well. - FY2020RestatedAnnual report
「Going forward, we will consider distributing profits to shareholders after comprehensively considering the results of operations and financial position for each period while maintaining a balance with retained earnings for future business expansion. Based on this policy, we regret that no dividend was paid for the fiscal year under review, taking into account the balance of retained earnings.」
The company continues to pursue a policy of considering profit distribution after taking into account retained earnings, operating results and financial position, and paid no dividend for the fiscal year under review as well. - FY2018First statedAnnual report
「Our basic dividend policy is to determine dividends based on the results of operations for each period while taking into account retained earnings needed to strengthen the management base and prepare for business expansion. Going forward, we will consider distributing profits to shareholders after comprehensively considering the results of operations and financial position for each period while maintaining a balance with retained earnings for future business expansion. Based on this policy, we regret that no dividend was paid for the fiscal year under review, taking into account the balance of retained earnings.」
The company indicated a policy of considering profit distribution after taking into account retained earnings, operating results and financial position, and paid no dividend for the fiscal year.