No-Dividend Policy Prioritizing Retained Earnings
First written in FY2016. 7 of 14 entries say "Raised", first in 2026-05-14. Latest entry: 2026-11-12.
8 other companies' latest entry also says "Raised".
- FY2026AdvancedAnnual report
「14 May 2026 Board of Directors resolution 416 12.00」
Based on the dividend policy, the Board of Directors approved a year-end dividend of ¥12 per share, totaling ¥416 million, with 31 March 2026 as the record date. Combined with the interim dividend of ¥8, the dividend per share for the fiscal year was ¥20. - FY2026-H1AdvancedAnnual report
「30 October 2025 Board of Directors Common shares Total dividend amount 277 Dividend per share 8.00 Record date 30 September 2025 Effective date 9 December 2025」
Based on the dividend policy presented for FY2025, the Board of Directors approved an interim dividend of ¥8 per share, totaling ¥277 million, with 30 September 2025 as the record date. - FY2025ReframedAnnual report
「Since our founding, we had retained all distributable profits and paid no dividends in order to strengthen our financial position and prepare for future business development. However, we regard returning profits to shareholders as one of management’s most important priorities and, from the fiscal year ending March 2026, plan to pay dividends to shareholders based on a consolidated payout ratio of approximately 15%, taking into consideration the need to secure funds for investment to achieve sustainable growth and maintain financial stability.」
Changes the policy followed since founding of paying no dividends and prioritizing retained earnings to a dividend policy targeting a consolidated payout ratio of approximately 15% from the fiscal year ending March 2026. - FY2018RestatedAnnual report
「Since its founding, the company has retained all distributable profits and has not paid dividends in order to strengthen its financial position and prepare for future business expansion.」
Reconfirms the policy of continuing not to pay dividends and using retained earnings to strengthen the corporate financial base and support future business development. - FY2016First statedAnnual report
「Since our founding, we have retained all distributable profits and have not paid dividends in order to strengthen our financial position and prepare for future business development.」
While using retained earnings for future business development and strengthening the corporate financial base, also states a policy of considering future dividends in light of business scale and earnings stability.