No-Dividend Policy
First written in FY2016-Q3. 14 of 33 entries say "Restated". Latest entry: 2026-09-18.
- FY2025Addition of a payout-ratio floor and dividend growth policyAnnual report
「Improve capital efficiency and target ROE of 10% for the fiscal year ending September 2027. While balancing strategic investment, aim for sustainable dividend growth using a payout ratio of 40% or more as a guideline, and provide stable and continuous shareholder returns through shareholder benefits.」
In addition to the previous policy of using a 40% payout ratio as a guideline, the medium-term plan sets out a policy of maintaining a payout ratio of at least 40%, delivering sustained dividend growth and providing continuing returns through shareholder benefits. - FY2025-H1AchievedAnnual report
「At a Board of Directors meeting held on 11 November 2024, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2024, as follows. ① Total dividend: ¥40.590 million ② Amount per share: ¥6 ③ Effective date of dividend claim and payment commencement date: 3 December 2024」
For the FY2024 year-end dividend resolved at ¥6 per share, totaling ¥40.590 million, payment began on 3 December 2024. - FY2024Explicit payout-ratio guideline and dividend increaseAnnual report
「The basic policy for profit allocation is to pay dividends in line with the performance of each fiscal period, using a payout ratio of 40% as a guideline, while determining the amount after comprehensively considering the outlook for future performance, the level of retained earnings to be secured and other factors.」
The Company added a specific guideline of a 40% payout ratio to its previous policy of dividends linked to business performance. The dividend for the fiscal year was ¥6 per share, totaling ¥40.590 million. - FY2024-Q1AchievedAnnual report
「At a Board of Directors meeting held on 10 November 2023, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2023, as follows. ① Total dividend: ¥33.762 million ② Amount per share: ¥5 ③ Effective date of dividend claim and payment commencement date: 21 December 2023」
For the FY2023 year-end dividend resolved at ¥5 per share, totaling ¥33.762 million, payment began on 21 December 2023, bringing it to the implementation stage. - FY2023Dividend updateAnnual report
「For the dividend for the fiscal year, the amount was ¥5.00 per share, totaling ¥33.762 million, based on a resolution of the Board of Directors dated 10 November 2023.」
While maintaining its basic policy of combining dividends in line with business performance with retained earnings, the Company disclosed a dividend of ¥5 per share, totaling ¥33.762 million, for the fiscal year. - FY2023-Q3RestatedAnnual report
「11 November 2022 Board of Directors Common shares 10,128 1.5 30 September 2022 22 December 2022 Retained earnings」
The filing restates the payment record for the FY2022 year-end dividend, totaling ¥10.128 million or ¥1.50 per share, with 22 December 2022 as the effective date. - FY2023-Q2RestatedAnnual report
「11 November 2022 Board of Directors Common shares 10,128 1.5 30 September 2022 22 December 2022 Retained earnings」
The filing restates the payment record for the FY2022 year-end dividend, totaling ¥10.128 million or ¥1.50 per share, with 22 December 2022 as the effective date. - FY2023-Q1AchievedAnnual report
「At a Board of Directors meeting held on 11 November 2022, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2022, as follows. ① Total dividend: ¥10.128 million ② Amount per share: ¥1.50 ③ Effective date of dividend claim and payment commencement date: 22 December 2022」
For the FY2022 year-end dividend resolved at ¥1.50 per share, totaling ¥10.128 million, payment began on 22 December 2022, bringing it to the implementation stage. - FY2022Dividend updateAnnual report
「For the dividend for the fiscal year, the amount was ¥1.50 per share, totaling ¥10.128 million, based on a resolution of the Board of Directors dated 11 November 2022.」
While maintaining the basic policy of having moved from a no-dividend policy to dividends linked to business performance, the Company set the dividend for the fiscal year at ¥1.50 per share, totaling ¥10.128 million. - FY2022-Q3RestatedAnnual report
「12 November 2021 Board of Directors Common shares 26,610 4 30 September 2021 23 December 2021 Retained earnings」
The filing restates the payment record for the FY2021 year-end dividend, totaling ¥26.610 million or ¥4 per share, with 23 December 2021 as the effective date. - FY2022-Q1AchievedAnnual report
「At a Board of Directors meeting held on 12 November 2021, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2021, as follows. ① Total dividend: ¥26.610 million ② Amount per share: ¥4 ③ Effective date of dividend claim and payment commencement date: 23 December 2021」
For the FY2021 year-end dividend, the Company disclosed a resolution to pay ¥4 per share, totaling ¥26.610 million, with payment scheduled to begin on 23 December 2021. The dividend was updated from ¥8 per share in the previous fiscal year. - FY2021-Q3RestatedAnnual report
「13 November 2020 Board of Directors Common shares 49,709 8 30 September 2020 23 December 2020 Retained earnings」
The filing reconfirms the payment record for the FY2020 year-end dividend, totaling ¥49.709 million or ¥8 per share, with 23 December 2020 as the effective date. - FY2021-Q2RestatedAnnual report
「13 November 2020 Board of Directors Common shares 49,709 8 30 September 2020 23 December 2020 Retained earnings」
The filing reconfirms the payment record for the FY2020 year-end dividend, totaling ¥49.709 million or ¥8 per share, with 23 December 2020 as the effective date. - FY2021-Q1AchievedAnnual report
「At a Board of Directors meeting held on 13 November 2020, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2020, as follows. ① Total dividend: ¥49.709 million ② Amount per share: ¥8 ③ Effective date of dividend claim and payment commencement date: 23 December 2020」
For the year-end dividend resolved for FY2020, payment of ¥8 per share, totaling ¥49.709 million, was scheduled to begin on 23 December 2020, bringing it to the implementation stage. - FY2020Dividend updateAnnual report
「For the dividend for the fiscal year, the amount was ¥8 per share, totaling ¥49.709 million, based on a resolution of the Board of Directors dated 13 November 2020.」
While maintaining its basic policy of combining dividends in line with business performance with retained earnings, the Company set the dividend for the fiscal year at ¥8 per share, totaling ¥49.709 million. - FY2020-Q3RestatedAnnual report
「8 November 2019 Board of Directors Common shares ¥49.675 million Dividend per share ¥8 30 September 2019 19 December 2019 Retained earnings」
The filing reconfirms the payment record for the 52nd fiscal year's year-end dividend, totaling ¥49.675 million or ¥8 per share, with 19 December 2019 as the effective date. - FY2020-Q2RestatedAnnual report
「8 November 2019 Board of Directors Common shares 49,675 8 30 September 2019 19 December 2019 Retained earnings」
The filing reconfirms the payment record for the 52nd fiscal year's year-end dividend, totaling ¥49.675 million or ¥8 per share, with 19 December 2019 as the effective date. - FY2020-Q1AchievedAnnual report
「At a Board of Directors meeting held on 8 November 2019, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2019, as follows. ① Total dividend: ¥49.675 million ② Amount per share: ¥8 ③ Effective date of dividend claim and payment commencement date: 19 December 2019」
For the 52nd fiscal year's year-end dividend, payment of ¥8 per share, totaling ¥49.675 million, was scheduled to begin on 19 December 2019, bringing the dividend to the implementation stage. - FY2019Dividend updateAnnual report
「For the dividend for the fiscal year, the amount was ¥8 per share, totaling ¥49.675 million, based on a resolution of the Board of Directors dated 8 November 2019.」
While maintaining its basic policy of combining dividends in line with business performance with retained earnings, the Company disclosed a dividend of ¥8 per share, totaling ¥49.675 million, for the fiscal year. - FY2019-Q3RestatedAnnual report
「9 November 2018 Board of Directors Common shares 30,686 10 30 September 2018 20 December 2018 Retained earnings」
The filing restates the payment record for the 51st fiscal year's year-end dividend, totaling ¥30.686 million or ¥10 per share, with 20 December 2018 as the effective date. - FY2019-Q1AchievedAnnual report
「At a Board of Directors meeting held on 9 November 2018, the Company resolved to pay a year-end dividend to shareholders recorded in the shareholder register as of 30 September 2018, as follows. ① Total dividend: ¥30.686 million ② Amount per share: ¥10 ③ Effective date of dividend claim and payment commencement date: 20 December 2018」
For the 51st fiscal year's year-end dividend, payment of ¥10 per share, totaling ¥30.686 million, was scheduled to begin on 20 December 2018, bringing the dividend disclosed in the annual report to the implementation stage. - FY2018Dividend updateAnnual report
「For the dividend for the 51st fiscal year, the amount was ¥10 per share, totaling ¥30.686 million, based on a resolution of the Board of Directors dated 9 November 2018.」
While maintaining its basic policy of combining dividends in line with business performance with retained earnings, the Company disclosed a dividend of ¥10 per share, totaling ¥30.686 million, for the 51st fiscal year. - FY2018-Q3RestatedAnnual report
「(Resolution) Type of shares Total dividend (¥ thousand) Dividend per share (¥) Record date Effective date Source of dividend 10 November 2017 Board of Directors Common shares 20,237 15 30 September 2017 21 December 2017 Retained earnings」
The filing restates the payment record for the previous fiscal year's year-end dividend of ¥15 per share, totaling ¥20.237 million. - FY2018-Q1AchievedAnnual report
「Dividend payment (Resolution) Type of shares Total dividend (¥ thousand) Dividend per share (¥) Record date Effective date Source of dividend 10 November 2017 Board of Directors Common shares 20,237 15 30 September 2017 21 December 2017 Retained earnings」
The filing states that payment of the year-end dividend resolved in the previous fiscal year, ¥15 per share totaling ¥20.237 million, was made on 21 December 2017. - FY2017ReframedAnnual report
「For the dividend for the 50th fiscal year, the amount was ¥15 per share, totaling ¥20.237 million, based on a resolution of the Board of Directors dated 10 November 2017.」
The Company has moved from its previous no-dividend status to the stage of paying a ¥15 per-share dividend under its basic policy of paying dividends in line with business performance. - FY2017-Q3RestatedAnnual report
「Because we do not pay dividends, the dividend per share is not presented.」
The third-quarter report also restates that no dividend is being paid. - FY2017-Q2RestatedAnnual report
「Because we do not pay dividends, the dividend per share is not presented.」
The second-quarter report also restates that no dividend is being paid. - FY2017-Q1RestatedAnnual report
「Because we do not pay dividends, the dividend per share is not presented.」
The first-quarter report also states that no dividend is being paid. - FY2016ReframedAnnual report
「The Company regards returning profits to shareholders as one of its important management priorities. Its basic policy is to build up the retained earnings necessary to expand the business and strengthen its management base, while paying dividends in line with business performance to shareholders who continue to invest in the Company's business. For the dividend for the 49th fiscal year, the Company will pay no dividend and plans to use retained earnings as a source of funds for expanding the business and strengthening its management base in order to respond to anticipated changes in the business environment.」
The disclosure has been reorganized from a simple statement that no dividend would be paid to a basic policy of paying dividends in line with future business performance and an explanation that retained earnings will be prioritized in the current fiscal year. - FY2016-Q3First statedAnnual report
「Because we do not pay dividends, the dividend per share is not presented.」
This filing states that the Company does not pay dividends as its policy on shareholder returns.