Policy of prioritizing retained earnings and considering dividends based on performance
First written in FY2016. 6 of 18 entries say "Raised", first in FY2025. Latest entry: 2026-10-13.
5 other companies' latest entry also says "Raised".
- FY2026-H1AchievedAnnual report
「14 January 2026 Board of Directors Common shares Retained earnings 108,105 20.00 30 November 2025 26 February 2026」
A dividend of ¥20 per share, totaling ¥108,105 thousand, was paid on 26 February 2026 as the year-end dividend for the fiscal year ended November 2025. The per-share dividend includes a ¥5 commemorative dividend marking the Company's 20th anniversary. - FY2025RaisedAnnual report
「・As a general principle, dividends will prioritize strategic and important business investments while maintaining and enhancing stable shareholder returns at a high level. ・Share repurchases will be conducted after comprehensive consideration of business performance, the business environment and opportunities for growth investment.」
The Company clarified its policy, changing from its previous policy of prioritizing retained earnings and growth investment while considering dividends in line with performance to a policy of maintaining and enhancing stable shareholder returns at a high level. For the fiscal year ending November 2025, the dividend was set at ¥20 per share, comprising a regular dividend of ¥15 and a commemorative dividend of ¥5. - FY2025-H1AchievedAnnual report
「10 January 2025 Board of Directors Common shares Retained earnings 54,052 10.00 30 November 2024 19 February 2025」
A dividend of ¥10 per share, totaling ¥54,052 thousand, was paid on 19 February 2025 as the year-end dividend for the fiscal year ended November 2024. - FY2024Increase in dividend from ¥5 to ¥10 per shareAnnual report
「For the year-end dividend for the fiscal year ending November 2024, after carefully considering the results for the current fiscal year and financial soundness in accordance with this basic policy, the Company set the dividend at ¥10 per share.」
The Company will continue its policy of maintaining stable dividends while securing financial soundness and capital for growth, and set the year-end dividend for the fiscal year ended November 2024 at ¥10 per share. - FY2024-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 12 January 2024, the Company resolved to pay a year-end dividend to shareholders recorded on the shareholder register as of 30 November 2023, as follows.」
The Company disclosed that it paid a year-end dividend for the fiscal year ended November 2023 of ¥27.026 million in total, or ¥5 per share, on 22 February 2024. - FY2023ReframedAnnual report
「Regarding dividends, the Company will work to provide stable dividends after securing the capital necessary for financial soundness and growth.」
The Company changed its basic policy from providing ongoing returns in the future after completing growth investments to paying stable dividends after securing financial soundness and the capital necessary for growth. For the fiscal year ending November 2023, it paid a year-end dividend of ¥5 per share. - FY2022-Q1AchievedAnnual report
「The ¥10 per-share dividend approved at the annual general meeting of shareholders on 22 February 2022 was a special dividend paid in appreciation for support during the COVID-19 pandemic.」
The ¥10-per-share appreciation dividend decided for FY2021 was paid with 24 February 2022 as the effective date. - FY2021ReframedAnnual report
「Going forward, the Company does not intend to make regular distributions, including dividends, based on the results of each fiscal period, and instead intends to work to enhance corporate value through substantial business growth over the medium to long term. After the fiscal year ending November 2024, the final year of the medium-term management plan and the point at which the growth investment phase will have ended, the Company intends to provide ongoing returns to shareholders, including dividends.」
For FY2021, the Company paid ¥10 per share as a dividend in appreciation for support during the COVID-19 pandemic, while clarifying its policy of not making regular distributions and beginning ongoing shareholder returns from the fiscal year ending November 2024. - FY2020-Q1AchievedAnnual report
「20 February 2020 Annual General Meeting of Shareholders Common shares 28,888 5.00 30 November 2019 21 February 2020 Retained earnings (Note) The per-share dividend includes the ¥5 commemorative dividend for listing on the First Section of the Tokyo Stock Exchange.」
The commemorative dividend for the First Section listing decided in the previous fiscal year was paid at ¥5 per share, for a total dividend of ¥28.888 million. - FY2019First commemorative dividend paidAnnual report
「For dividends for the current fiscal year, the Company decided to pay a commemorative dividend of ¥5 per share to mark the change of listing to the First Section of the Tokyo Stock Exchange on 26 December 2019.」
While maintaining its policy of prioritising retained earnings and considering dividends based on performance, the Company decided to pay a commemorative dividend of ¥5 per share to mark the change to the First Section of the Tokyo Stock Exchange. - FY2018RestatedAnnual report
「As the Company believes it is currently in a growth phase, it believes that enhancing retained earnings and pursuing further expansion will provide the greatest return to shareholders. Accordingly, going forward, it intends to consider paying dividends based on performance while securing the retained earnings necessary to strengthen its management foundation and support future business development.」
The Company again paid no dividend and continues to prioritise retained earnings for growth investment and strengthening its financial position, while considering dividends based on performance in the future. - FY2017RestatedAnnual report
「Accordingly, going forward, the Company intends to consider paying dividends based on performance while securing the retained earnings necessary to strengthen its management foundation and support future business development.」
The Company continues to prioritise retained earnings for growth investment and strengthening its financial position, while considering dividends based on performance. - FY2016First statedAnnual report
「Accordingly, the Company has not paid dividends since its founding. Going forward, however, it intends to consider paying dividends based on performance while securing the retained earnings necessary to strengthen its management foundation and support future business development.」
The Company has not paid dividends, prioritising the strengthening of its financial position, investment in business expansion and retained earnings, while stating that it will consider dividends based on performance in the future.