No-dividend policy prioritizing a stronger financial position
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2026.
50 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our basic policy is to distribute surplus twice a year, through an interim dividend and a year-end dividend." Regarding the distribution of surplus for the current fiscal year, we believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to pay no dividends until sufficient retained earnings can be secured.」
While maintaining a basic policy of paying dividends twice a year, it continues its policy of paying no dividends for the current fiscal year while prioritizing the strengthening of its financial position and retained earnings. - 2026-06-01RestatedGeneral Meetings of Shareholders
「Although the company’s policy is to pay dividends actively as a means of returning profits to shareholders who hold its shares for the long term, we believe that prioritizing the strengthening of our financial position is the appropriate management decision and plan to pay no dividends until sufficient retained earnings have been secured.」
The company reaffirmed its previous policy of paying no dividends until sufficient retained earnings have been secured, while maintaining its policy of actively paying dividends. - FY2025ReframedAnnual report
「We intend to actively pay dividends as a return of profits to our shareholders who have held our shares over the long term." We believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to pay no dividends until sufficient retained earnings can be secured.」
Although it places language indicating an intention to pay dividends actively over the long term at the beginning, it maintains its longstanding policy of paying no dividends for the current fiscal year while prioritizing the strengthening of its financial position until retained earnings have been secured. - FY2022RestatedAnnual report
「Regarding the distribution of surplus for the current fiscal year, we believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to pay no dividends until sufficient retained earnings can be secured.」
Continues to pursue a policy of paying no dividends until sufficient retained earnings have been secured, prioritizing the strengthening of its financial position. - FY2021RestatedAnnual report
「We believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to suspend dividend payments until sufficient retained earnings have been secured.」
Continues to pursue a policy of paying no dividends until sufficient retained earnings have been secured, prioritizing the strengthening of its financial position. - FY2020RestatedAnnual report
「We believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to suspend dividend payments until sufficient retained earnings have been secured.」
Continues to pursue a policy of paying no dividends until retained earnings have been secured, prioritizing the strengthening of its financial position. - FY2017RestatedAnnual report
「We believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to suspend dividend payments until sufficient retained earnings have been secured.」
Continues to pursue a policy of paying no dividends until sufficient retained earnings have been secured, prioritizing the strengthening of its financial position. - FY2016First statedAnnual report
「We believe that prioritizing the strengthening of our financial position is the appropriate management decision, and plan to suspend dividend payments until sufficient retained earnings have been secured.」
States a policy of paying no dividends until sufficient retained earnings have been secured, while indicating a policy of returning profits to shareholders.