Policy of proactively considering dividends while prioritizing retained earnings
First written in FY2019. 7 of 19 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-06-10.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- 2026-06-10RestatedEarnings
「Fiscal year ending July 2026 (forecast) 12.50 25.00 (Note) Any revision from the most recently published dividend forecast: No」
The annual dividend forecast of ¥25 remains unchanged from the most recent forecast. - FY2025-H1AdvancedAnnual report
「24 October 2024 Annual General Meeting of Shareholders Common shares 421 15.00 31 July 2024 28 October 2024 Retained earnings」
The company paid a year-end dividend for the fiscal year ended July 2024 totaling ¥421 million, or ¥15 per share. It also resolved to pay an interim dividend of ¥12.50 per share, with 31 January 2025 as the record date. - FY2024AdvancedAnnual report
「Based on the policy described above, the company decided to pay a dividend of ¥25 per share for the current fiscal year, including an interim dividend of ¥10. As a result, the dividend payout ratio for the current fiscal year was 25.7%.」
The annual dividend was increased from ¥22 per share in the previous fiscal year to ¥25, resulting in a dividend payout ratio of 25.7%. The company also conducted a ¥999 million share buyback. - FY2024-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors adopted on 5 January 2024, the company acquired 874,100 treasury shares. As a result of this acquisition, treasury shares increased by ¥999 million during the cumulative third quarter of the current fiscal year.」
The company acquired 874,100 treasury shares for ¥999 million, giving concrete form to shareholder returns including dividends and share buybacks. - FY2024-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 19 February 2024, the following resolution was adopted regarding the interim dividend for the current period. (a) Total dividends: ¥280 million (b) Dividend per share: ¥10.00」
The company resolved to pay an interim dividend totaling ¥280 million, or ¥10 per share. - FY2024-Q1AdvancedAnnual report
「25 October 2023 Annual General Meeting of Shareholders Common shares 346 12.00 31 July 2023 27 October 2023 Retained earnings」
The company paid a year-end dividend for the fiscal year ended July 2023 totaling ¥346 million, or ¥12 per share. - FY2023AdvancedAnnual report
「Based on the policy described above, the company decided to pay a dividend of ¥22 per share for the current fiscal year, including an interim dividend of ¥10. As a result, the dividend payout ratio for the current fiscal year was 39.7%.」
Under the policy of using a total payout ratio of 20% as a guideline, the annual dividend was increased from ¥20 to ¥22 per share, resulting in a dividend payout ratio of 39.7%. The company also conducted a ¥299 million share buyback. - FY2023-Q2AdvancedAnnual report
「Net cash provided by financing activities was ¥2,985 million, compared with ¥421 million in the same quarter of the previous year. This consisted mainly of a net increase in short-term borrowings of ¥2,000 million from borrowings under the commitment line agreement, proceeds of ¥2,000 million from long-term borrowings, expenditure of ¥419 million for repayments of long-term borrowings, expenditure of ¥299 million for the purchase of treasury shares, and expenditure of ¥290 million for dividend payments.」
In addition to dividend payments, expenditure of ¥299 million for the purchase of treasury shares was disclosed, showing that the shareholder return policy, including share buybacks, was reflected in actual capital allocation. - FY2023-Q1RestatedAnnual report
「20 October 2022 Annual General Meeting of Shareholders Common shares 290 10.00 31 July 2022 21 October 2022 Retained earnings」
The company has reconfirmed payment of a year-end dividend for the fiscal year ended July 2022 totaling ¥290 million, or ¥10 per share. - FY2022AchievedAnnual report
「Based on the policy described above, the company decided to pay a dividend of ¥20 per share for the current fiscal year, including an interim dividend of ¥10. As a result, the dividend payout ratio for the current fiscal year was 17.0%.」
Under the policy of using a total payout ratio of 20% as a guideline, the company paid an annual dividend of ¥20 per share, comprising an interim dividend of ¥10 and a year-end dividend of ¥10, resulting in a dividend payout ratio of 17.0%. - FY2022-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 21 February 2022, the following resolution was adopted regarding the interim dividend for the current period. (a) Total dividends: ¥290 million (b) Dividend per share: ¥10.00」
The company resolved to pay an interim dividend totaling ¥290 million, or ¥10 per share. - FY2022-Q1AchievedAnnual report
「20 October 2021 Annual General Meeting of Shareholders Common shares 581 20.00 31 July 2021 21 October 2021 Retained earnings」
The company paid a year-end dividend for the fiscal year ended July 2021 totaling ¥581 million, or ¥20 per share, including a commemorative dividend of ¥5. - FY2021RaisedAnnual report
「Under this policy, taking into consideration the balance between promoting growth investments, ensuring financial soundness and enhancing shareholder returns, we use a total payout ratio of 20%, including share buybacks, as a guideline for shareholder returns.」
After moving from a policy of paying no dividends and prioritizing retained earnings to paying dividends, the company explicitly established a total payout ratio of 20%, including share buybacks, as a guideline for shareholder returns. - FY2021-Q3RestatedAnnual report
「Details of the distribution of surplus during the cumulative third quarter of the current fiscal year are provided under “1. Matters Concerning Dividends.”」
The company has reconfirmed its dividend payments, including interim and year-end dividends. - FY2021-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 8 February 2021, the following resolution was adopted regarding the interim dividend for the current period.」
The company resolved to pay an interim dividend totaling ¥145,288 thousand, or ¥5 per share, further specifying the continuation of dividend payments from the previous period. - FY2021-Q1AchievedAnnual report
「20 October 2020 Annual General Meeting of Shareholders Common shares 145,217 5.00 31 July 2020 21 October 2020 Retained earnings」
The company moved beyond its no-dividend policy through the previous period and paid a year-end dividend for which 31 July 2020 was the record date, totaling ¥145,217 thousand, or ¥5 per share. - FY2020-Q3AchievedAnnual report
「Dividend payment date Resolution Class of shares Total dividends (¥ thousand) Dividend per share (¥) Record date Effective date Source of dividends 14 January 2020 Board of Directors Common shares 101,642 3.50 31 January 2020 2 April 2020 Retained earnings」
The company moved beyond its previous no-dividend policy, and payment of the approved interim dividend totaling ¥101,642 thousand, or ¥3.50 per share, became effective on 2 April 2020. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 January 2020, the following resolution was adopted regarding the interim dividend for the current period. (a) Total dividends: ¥101,642 thousand (b) Dividend per share: ¥3.50」
The company moved beyond its previous policy of paying no dividends and considering dividends in the future, resolving to pay an interim dividend totaling ¥101,642 thousand, or ¥3.50 per share. - FY2019First statedAnnual report
「Since the company was established, we have not paid dividends in order to avoid an outflow of funds from the business and build up retained earnings. However, we recognize maximizing shareholder returns as one of our important management objectives, and will positively consider future distributions of surplus to shareholders while maintaining a balance with retained earnings.」
The company has continued to pay no dividends and prioritize retained earnings, while indicating a policy of considering future dividends in balance with retained earnings.