Future Dividend Policy Prioritizing Retained Earnings and Capital Investment
First written in FY2016. 8 of 22 entries say "Advanced", first in FY2023-Q2. Latest entry: 2026-08-12.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
6 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「With regard to the payment of dividends from surplus, our policy is to continue steadily increasing dividends while considering the balance with investments in retained earnings, capital expenditures and other areas. … For the current fiscal year, the dividend from retained earnings is ¥55 per share as an interim dividend and ¥60 per share as a year-end dividend.」
While maintaining its policy of steadily increasing dividends, the company increased the annual dividend on common shares from ¥100 in the previous fiscal year to ¥115, including a year-end dividend of ¥60. - FY2026-H1RestatedAnnual report
「10 November 2025 Board of Directors resolution Common shares 1,630 55 30 September 2025 16 December 2025 Retained earnings」
The interim dividend on common shares was set at ¥55 per share, maintaining the dividend policy at the same level as the interim dividend in the previous fiscal year. - FY2025AdvancedAnnual report
「With regard to the payment of dividends from surplus, our policy is to continue steadily increasing dividends while considering the balance with investments in retained earnings, capital expenditures and other areas. … For the current fiscal year, the dividend from retained earnings is ¥45 per share as an interim dividend and ¥55 per share as a year-end dividend.」
While maintaining its dividend policy, the company increased the annual dividend on common shares from ¥80 in the previous fiscal year to ¥100, including a year-end dividend of ¥55. - FY2025-H1AdvancedAnnual report
「7 November 2024 Board of Directors’ resolution Common shares 1,337 45 30 September 2024 12 December 2024 Retained earnings」
An interim dividend on common shares totaling ¥1,337 million, or ¥45 per share, was resolved. The dividend per share increased from the ¥35 interim dividend paid in the same period of the previous year, and dividend payments have continued. - FY2024RaisedAnnual report
「Regarding dividends from surplus, our policy is to continue steadily increasing dividends while considering the balance with investment in retained earnings, capital investment and other areas.」
The wording has been clarified from the previous future dividend policy of balancing retained earnings and capital investment to a “policy of continuing to steadily increase dividends.” For the fiscal year under review, the interim dividend is ¥35 per share and the year-end dividend is ¥45 per share. - FY2024-Q2AdvancedAnnual report
「9 November 2023 Board of Directors’ resolution Common shares 1,036 35 30 September 2023 20 December 2023 Retained earnings」
An interim dividend on common shares totaling ¥1,036 million, or ¥35 per share, was resolved, with 20 December 2023 set as the payment commencement date. Dividend payments have continued. - FY2024-Q1AdvancedAnnual report
「11 May 2023 Board of Directors’ resolution Common shares 1,447 49 31 March 2023 6 June 2023 Retained earnings Class A preferred shares 56 2,000,000」
On 6 June 2023, the Company paid dividends of ¥1,447 million on common shares, or ¥49 per share, and ¥56 million on Class A preferred shares, or ¥2,000,000 per share. Dividend payments have continued, and the common-share dividend increased from ¥20 per share in the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「10 November 2022 Board of Directors’ resolution Common shares 323 11 30 September 2022 8 December 2022 Retained earnings」
An interim dividend on common shares of ¥323 million, or ¥11 per share, was resolved and paid on 8 December 2022. - FY2023-Q2AdvancedAnnual report
「12 May 2022 Board of Directors’ resolution Common shares 586 20 31 March 2022 7 June 2022 Retained earnings Class A preferred shares 252 9,008,220 10 November 2022 Board of Directors’ resolution Common shares 323 11 30 September 2022 8 December 2022 Retained earnings」
Dividends of ¥586 million on common shares and ¥252 million on Class A preferred shares were paid. In addition, an interim dividend on common shares of ¥323 million, or ¥11 per share, was resolved. - FY2023-Q1AchievedAnnual report
「12 May 2022 Board of Directors’ resolution Common shares 586 20 31 March 2022 7 June 2022 Retained earnings Class A preferred shares 252 9,008,220」
The Company disclosed that the dividends on common shares and Class A preferred shares resolved during the previous consolidated fiscal year were paid on 7 June 2022. Total dividends were ¥586 million on common shares and ¥252 million on Class A preferred shares. - FY2022AchievedAnnual report
「22 May 2022 Board of Directors’ resolution Common shares: Total dividends ¥586 million; dividend per share ¥20.00 Class A preferred shares: Total dividends ¥252 million; dividend per share ¥9,008,220.00」
The Company gave concrete form to its policy of paying dividends on common shares and Class A preferred shares through a Board of Directors’ resolution in May 2022, ending the previous period of no dividends. - FY2021-Q3RestatedAnnual report
「Cumulative third quarter of the fiscal year under review (1 April 2020 to 31 December 2020) ① Dividends paid Not applicable.」
No dividends were paid during the cumulative third quarter of the fiscal year under review either, and the Company continues to pay no dividends. - FY2021-Q2RestatedAnnual report
「Cumulative second quarter of the fiscal year under review ① Dividends paid: Not applicable.」
No dividends were paid during the cumulative second quarter of the fiscal year under review either, and the Company continues to pay no dividends. - FY2020-Q2RestatedAnnual report
「Dividend payments Not applicable.」
No dividends were paid during the cumulative second quarter of the fiscal year under review either, and the Company continues not to pay dividends. - FY2020-Q1RestatedAnnual report
「Dividend payments Not applicable.」
No dividends were paid during the first quarter of the fiscal year under review, and the Company continues not to pay dividends. - FY2016First statedAnnual report
「Our basic policy is to pay dividends linked to performance while considering the balance between dividends and investment in retained earnings, capital expenditure and other areas. Since our establishment, however, we have not paid dividends even when we generated net income, because we have considered it important to fund capital investment and strengthen our financial base. We intend to pay dividends while securing the retained earnings necessary for future business development and strengthening our management foundation.」
Although the Company had not paid dividends since its establishment, it stated that it planned to pay dividends in the future while balancing them against retained earnings.