No-Dividend Policy Prioritizing Growth Investment and Retained Earnings
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: FY2026.
128 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Accordingly, the company has continued its no-dividend policy since its establishment and intends to allocate funds to investment for business expansion and the working capital required for its existing businesses.」
The company reiterates its policy of continuing not to pay dividends and prioritising business expansion investment, including M&A and capital expenditure, as well as working capital. - 2026-04-15ReframedResults presentation
「Cash flow generated by the business will continue to be allocated to growth investments, including M&A. Share buybacks and dividends will be considered in line with the stage of growth.」
The Company continues to prioritize growth investment while adding consideration of share buybacks and dividends according to the stage of growth. - FY2025RestatedAnnual report
「Accordingly, the company has continued its no-dividend policy since its establishment and intends to allocate funds to investment for business expansion and the working capital required for its existing businesses.」
The company reiterates its policy of continuing not to pay dividends and prioritising business expansion investment, including M&A and capital expenditure, as well as working capital. - FY2023RestatedAnnual report
「Accordingly, the company has not paid dividends since its establishment and intends, for the time being, to allocate funds to investment for business expansion and the working capital required for its existing businesses.」
The company reiterates its policy of continuing not to pay dividends and prioritising business expansion investment, including M&A and capital expenditure, as well as working capital, for the time being. - FY2021RestatedAnnual report
「The company believes that it is currently in a growth phase and that actively expanding its business through new M&A transactions, capital expenditure and other initiatives will provide the greatest return to shareholders. Accordingly, it has not paid dividends since its establishment and intends, for the time being, to allocate funds to investment for business expansion and the working capital required for its existing businesses.」
The company reiterates its policy of continuing not to pay dividends and prioritising growth investment, including M&A and capital expenditure, as well as working capital. - FY2020RestatedAnnual report
「Accordingly, the company has not paid dividends since its establishment and intends, for the time being, to allocate funds to investment for business expansion and the working capital required for its existing businesses. In the future, it intends to consider returning profits to shareholders while taking into account the operating results and financial position for each fiscal year.」
The company reiterates its policy of continuing not to pay dividends and prioritising business expansion investment, including M&A and capital expenditure, as well as working capital, for the time being. - FY2019RestatedAnnual report
「Accordingly, the company has not paid dividends since its establishment and intends, for the time being, to allocate funds to investment for business expansion and the working capital required for its existing businesses. In the future, it intends to consider returning profits to shareholders while taking into account the operating results and financial position for each fiscal year.」
The company states that it will continue its no-dividend policy, prioritising business expansion investment and working capital for the time being, while considering future profit returns in light of its operating results and financial position. - FY2018First statedAnnual report
「Accordingly, the company has not paid dividends since its establishment and intends, for the time being, to allocate funds to investment for business expansion and the working capital required for its existing businesses.」
The company has paid no dividends since its establishment and states that it will prioritise business expansion investment and working capital for the time being.