Building retained earnings while prioritizing growth investment
First written in FY2016. 6 of 13 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「For shareholder benefits based on the record date of 31 December 2026, the eligibility requirement will be changed to shareholders who hold at least 500 shares of the Company's stock continuously for at least 1 year.」
While maintaining its policy of not paying dividends and prioritising retained earnings, and its position that the timing of dividend commencement remains undecided, the company has added a continuous holding requirement of at least 1 year for shareholder benefits from the December 2026 record date. - FY2024SoftenedAnnual report
「Based on this approach, the payment of dividends and the timing thereof have not been decided as of the present time. Going forward, however, the company plans to discuss specific shareholder return measures at key milestones in its operating performance, such as expanding the content of its shareholder benefit programme and considering when to begin paying dividends.」
While maintaining its policy of prioritising no dividend payments and retained earnings, the company has added an explanation that it is considering specific shareholder returns, including when to begin paying dividends and expanding shareholder benefits. - FY2022RestatedAnnual report
「Accordingly, the Company does not pay dividends and plans to build up retained earnings for the time being as working capital for expanding procurement and other growth initiatives.」
The company has reconfirmed its policy of continuing not to pay dividends and allocating retained earnings to working capital, including expanded procurement, and capital investment. - FY2021RestatedAnnual report
「Accordingly, the Company does not pay dividends and plans to build up retained earnings for the time being as working capital for expanding procurement and other growth initiatives.」
The company has reconfirmed its policy of continuing not to pay dividends and allocating retained earnings to working capital, including expanded procurement, and capital investment. - FY2020RestatedAnnual report
「Accordingly, the Company does not pay dividends and plans to build up retained earnings for the time being as working capital for expanding procurement and other growth initiatives.」
The company has reconfirmed its policy of continuing not to pay dividends and allocating retained earnings to working capital, including expanded procurement, and capital investment. - FY2018RestatedAnnual report
「Accordingly, the Company does not pay dividends and plans to build up retained earnings for the time being as working capital for expanding procurement and other growth initiatives.」
The company has reconfirmed its policy of continuing not to pay dividends and allocating retained earnings to working capital, including expanded procurement, and capital investment. - FY2017RestatedAnnual report
「Accordingly, the Company does not pay dividends and plans to build up retained earnings for the time being as working capital for expanding procurement and other growth initiatives.」
The company has reconfirmed its policy of not paying dividends and allocating retained earnings to working capital, including expanded procurement, and capital investment. The timing of future dividends remains undecided. - FY2017-Q1RestatedAnnual report
「Dividend per share (yen) — — —」
The dividend per share for the first quarter is shown as zero, consistent with the policy of not paying dividends. - FY2016First statedAnnual report
「Accordingly, the Company does not pay dividends and plans to build up retained earnings for the time being as working capital for expanding procurement and other growth initiatives.」
The company has stated that, as it remains in the process of expanding growth, it will not pay dividends for the time being and will allocate retained earnings to working capital, including expanded procurement, and capital investment.