Retaining Earnings and Paying No Dividends while Prioritising Overseas Expansion
First written in FY2017. 6 of 8 entries say "Restated". Latest entry: FY2025.
Wedge Holdings moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).
15 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The Company’s basic policy on profit distribution is to continue paying stable dividends while securing the retained earnings needed for future business development and to strengthen its corporate base. Its basic policy on dividend frequency is to pay dividends twice a year, an interim dividend and a year-end dividend.」
In addition to the previous explanation that no dividend was paid because of funding needs for overseas business expansion and the need to build retained earnings, the Company defined its basic policy as continuing to pay stable dividends. However, it continued to pay no dividend for the fiscal year. - FY2023RestatedAnnual report
「The Company decided to pay no dividend for the fiscal year in order to build retained earnings to meet funding needs, primarily for overseas business expansion.」
The Company continued its no-dividend policy to meet funding needs for overseas business expansion and secure retained earnings. - FY2022RestatedAnnual report
「The Company decided to pay no dividend for the fiscal year in order to build retained earnings to meet funding needs, primarily for overseas business expansion.」
The Company continued to pay no dividend in order to meet funding needs for overseas business expansion and secure retained earnings. - FY2021RestatedAnnual report
「The Company decided to pay no dividend for the fiscal year in order to build retained earnings to meet funding needs, primarily for overseas business expansion.」
The Company continued its no-dividend policy to meet funding needs for overseas business expansion and secure retained earnings. - FY2020RestatedAnnual report
「The Company decided to pay no dividend for the fiscal year in order to build retained earnings to meet funding needs, primarily for overseas business expansion.」
The Company continued its no-dividend policy to meet funding needs for overseas business expansion and secure retained earnings. - FY2019RestatedAnnual report
「The Company decided to pay no dividend for the fiscal year in order to build retained earnings to meet funding needs, primarily for overseas business expansion.」
The Company continued its no-dividend policy to meet funding needs for overseas business expansion and secure retained earnings. - FY2018RestatedAnnual report
「The Company decided to pay no dividend for the fiscal year in order to build retained earnings to meet funding needs, primarily for overseas business expansion.」
The Company continued its no-dividend policy to meet funding needs for overseas business expansion and secure retained earnings, prioritizing future business development and strengthening its corporate base. - FY2017First statedAnnual report
「With respect to the year-end dividend for the fiscal year ended September 2016, we decided not to pay a dividend in order to respond to funding needs centred on overseas business expansion and increase retained earnings. Going forward, our basic policy is to provide steady returns to shareholders after taking into account each period's results, the strengthening of our corporate base and the need to build retained earnings for future business expansion.」
The company decided not to pay a dividend to fund overseas expansion and strengthen retained earnings, while stating a basic policy of returning profits to shareholders after considering earnings, business development and retained earnings.