Policy of Prioritizing Retained Earnings and Paying No Dividends for the Time Being
First written in FY2019. 12 of 20 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Continued payment of the Class A preferred dividend and maintenance of the no-dividend policy for common sharesAnnual report
「The Company considers it a priority to strengthen its financial position and build retained earnings for business expansion, and has paid no dividends on common shares since its founding.」
While continuing its no-dividend policy for common shares, the Company resolved on 14 September 2026 to pay total dividends of ¥7 million, or ¥10,000 per share, on Class A shares. - FY2026-H1Continued Payment of Preferred Dividends on Class A SharesAnnual report
「At a meeting of the Board of Directors held on 12 September 2025, the company resolved to pay a year-end dividend to shareholders listed in the register of Class A shareholders as of 31 July 2025, as follows: 1. Total dividends: ¥7 million; 2. Amount per share: ¥10,000.00; 3. Effective date of the right to demand payment and payment commencement date: 31 October 2025.」
While there is no disclosure indicating any dividend on common stock, the company continued to pay preferred dividends on the Class A shares totaling ¥7 million, or ¥10,000 per share. - FY2025-H1Continued Payment of Preferred Dividends on Class A SharesAnnual report
「1. Total dividends: ¥7 million 2. Amount per share: ¥10,000.00 3. Effective date of the right to demand payment and payment commencement date: 31 October 2024」
While there is no disclosure indicating any dividend on common stock, preferred dividends totaling ¥7 million, or ¥10,000 per Class A share, were paid on 31 October 2024. - FY2024Increase in the preferred dividend on Class A sharesAnnual report
「12 September 2024: Board of Directors resolution; Class A shares: ¥7 million; ¥10,000 per share」
While no dividends continue to be paid on common stock, the company resolved to pay preferred dividends on the Class A shares totaling ¥7 million, or ¥10,000 per share. This was an increase from ¥7,095.90 per share in the previous fiscal year. - FY2023Preferred dividend paid on Class A sharesAnnual report
「With respect to the Class A shares issued through a private placement with a payment date of 15 November 2022, the prescribed dividend will be paid in accordance with the terms of issue established at the time of issuance.」
While no dividends continue to be paid on common stock, preferred dividends were paid on the Class A shares in the total amount of ¥4.967 million, or ¥7,095 per share. - FY2023-Q3Preferred dividend on Class A shares reflected in quarterly lossAnnual report
「Amount not attributable to common stock (¥ thousands): —, 3,202 (of which preferred dividends (¥ thousands)): (—), (3,202)」
Although no dividend per share on common stock continues to be disclosed, the Class A preferred dividend of ¥3.202 million is reflected in the calculation of the loss attributable to common stock. - FY2023-Q2Preferred dividend rights established for Class A sharesAnnual report
「The Class A preferred dividend is calculated by prorating, based on the actual number of days in the period from the first day of the fiscal year in which the dividend record date falls (or, if the dividend record date falls in the fiscal year ending at the end of July 2023, the date on which the first payment for the Class A shares was made), inclusive, through the dividend record date, inclusive, an amount equal to ¥1,000,000 (the "amount equivalent to the payment price") multiplied by an annual rate of 1.0%, using a 365-day year, or 366 days if the fiscal year includes a leap day.」
Although no dividend per share on common stock continues to be disclosed, the 700 Class A shares issued to Marui Group carry a preferred dividend right at an annual rate of 1.0% of the amount equivalent to the payment price, together with a cumulative provision. - FY2023-Q1RestatedAnnual report
「Dividend per share (yen) — — —」
There was no dividend amount on common stock for either the cumulative first-quarter period or the comparative period, and the company continues to pay no dividends. - FY2022-Q2RestatedAnnual report
「Dividend per share (yen) — — —」
There was no dividend amount for either the cumulative second-quarter period or the comparative period, and the company continues to pay no dividends. - FY2022-Q1RestatedAnnual report
「Dividend per share (yen) — — —」
There was no dividend amount for either the cumulative first-quarter period or the comparative period, and the company continues to pay no dividends. - FY2021RestatedAnnual report
「We consider strengthening retained earnings to reinforce our financial position and expand the business to be a priority, and have not paid dividends since our founding.」
The company continues its policy of prioritizing retained earnings and investment in business expansion and efficiency improvements, with the possibility and timing of initiating dividend payments remaining undecided. - FY2021-Q3RestatedAnnual report
「Dividend per share (yen) — — —」
There was no dividend amount for either the cumulative third-quarter period or the comparative period, and the company continues to pay no dividends. - FY2021-Q2RestatedAnnual report
「Dividend per share (yen) — — —」
There was no dividend amount for either the cumulative second-quarter period or the comparative period, and the company continues to pay no dividends. - FY2021-Q1RestatedAnnual report
「Dividend per share (yen) — — —」
There was no dividend amount for either the cumulative first-quarter period or the comparative period, and the company continues to pay no dividends. - FY2020RestatedAnnual report
「We consider strengthening retained earnings to reinforce our financial position and expand the business to be a priority, and have not paid dividends since our founding.」
The company continues its policy of prioritizing retained earnings and business investment and paying no dividends at present. - FY2020-Q3RestatedAnnual report
「Dividend per share (yen) — — —」
No dividend amount is stated for the cumulative third-quarter period or the previous fiscal year. The company continues to pay no dividends. - FY2020-Q1RestatedAnnual report
「Dividend per share (yen) —」
There was no dividend per share for either the first quarter or the previous fiscal year. - FY2019First statedAnnual report
「At present, we believe that strengthening retained earnings, actively investing to improve and expand the business, and enhancing corporate value will provide the greatest return to shareholders.」
The company has not paid dividends since its founding, and the possibility and timing of future dividends remain undecided.