Stable Dividend Policy Prioritizing Retained Earnings
First written in FY2023. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2025Greater flexibility in determining dividendsAnnual report
「To enable flexible capital and dividend policies, the Company resolved at the annual general meeting of shareholders held on 25 September this year that matters concerning the payment of dividends from surplus and other matters prescribed in the items of Article 459, paragraph 1 of the Companies Act may be determined by resolution of the Board of Directors, except where otherwise provided by laws and regulations.」
While continuing its policy of prioritizing retained earnings and paying no dividend, the Company resolved at the annual general meeting of shareholders to establish a framework allowing the Board of Directors to determine dividend payments from surplus and other matters by resolution. - FY2024RestatedAnnual report
「Although based on the policy described above, no dividend was paid for the current fiscal year in order to strengthen retained earnings.」
The Group prioritized retained earnings and paid no dividend for the current fiscal year as well. - FY2023First statedAnnual report
「Our basic policy is to continue paying stable dividends while securing the retained earnings necessary for future business development and strengthening our financial position.」
Although the policy calls for stable dividends, no dividend was paid for the current fiscal year in order to strengthen retained earnings.