No-Dividend Policy Prioritizing Retained Earnings
First written in FY2018. 15 of 30 entries say "Restated". Latest entry: 2026-06-12.
10 other companies' latest entry also says "Advanced".
- 2026-06-12AdvancedDividend
「We decided to pay this dividend as a year-end dividend. Accordingly, we also decided not to pay an interim dividend for the fiscal year ending January 2027, which had previously been left undetermined.」
For the fiscal year ending January 2027, the company has disclosed that the annual dividend of ¥30 will be paid as a year-end dividend and that no interim dividend will be paid. - FY2026Resolution and payment of a ¥30 dividendAnnual report
「27 April 2026 Annual General Meeting of Shareholders Common stock 1,190,178 30 31 January 2026 28 April 2026 Retained earnings」
The company approved a year-end dividend for FY2026 of ¥30 per share, totaling ¥1,190,178 thousand. The ¥30 includes a ¥20 commemorative dividend. - FY2026-H1RaisedAnnual report
「The dividend for each of the fiscal years ending January 2026 and January 2027, designated as the “structural reform period,” will be ¥30 (¥10 ordinary dividend plus ¥20 commemorative dividend). From the fiscal year ending January 2028 onward, the company aims for adjusted EPS of at least ¥40, will adopt whichever is higher between a payout ratio of 50% and DOE of 5%, and aims to increase dividends through sustained earnings growth.」
The company has shifted from its previous dividend of ¥10 per share to a more specific and robust shareholder return policy, setting the dividend at ¥30 for the fiscal years ending January 2026 and January 2027, and aiming to increase dividends from the fiscal year ending January 2028 onward by adopting whichever is higher between a payout ratio of 50% and DOE of 5%. - FY2025Resolution of ¥10 dividendAnnual report
「25 April 2025 Annual General Meeting of Shareholders Common stock 396,726 10 31 January 2025 28 April 2025 Retained earnings」
Under its dividend policy of considering the balance with retained earnings, the company approved a year-end dividend of ¥10 per share, totaling ¥396,726 thousand. - FY2025-Q1Payment of ¥10 dividendAnnual report
「25 April 2024 Annual General Meeting of Shareholders Common stock 396,726 10 31 January 2024 26 April 2024 Retained earnings」
The year-end dividend of ¥10 per share, totaling ¥396,726 thousand, was paid on 26 April 2024. - FY2024Resolution of ¥10 dividendAnnual report
「25 April 2024 31 January 2024 396,726 10 Resolution of Annual General Meeting of Shareholders」
Under its dividend policy of considering the balance with retained earnings, the company approved a year-end dividend of ¥10 per share, totaling ¥396,726 thousand. - FY2024-Q2Payment of ¥10 dividendAnnual report
「27 April 2023 Annual General Meeting of Shareholders Common stock 398,130 10 31 January 2023 28 April 2023 Retained earnings」
The ¥10-per-share dividend, totaling ¥398,130 thousand, was paid on 28 April 2023. - FY2023RestatedAnnual report
「With regard to future dividends of surplus to shareholders, the company intends to consider them while balancing retained earnings, taking into comprehensive consideration such factors as business performance trends, its financial position, and future business and investment plans.」
The company continues its dividend policy of considering the balance with retained earnings and has approved a dividend of ¥10 per share for the current fiscal year. - FY2023-Q3RestatedAnnual report
「28 April 2022 Annual General Meeting of Shareholders Common stock Total dividends paid 416,419 (¥ thousands) Dividend per share 10 (¥) Record date 31 January 2022 Effective date 28 April 2022 Source of dividend Retained earnings」
The payment of the ¥10-per-share dividend decided in the previous fiscal year was also confirmed during the cumulative third-quarter period under review. - FY2023-Q2RestatedAnnual report
「28 April 2022 Annual General Meeting of Shareholders Common stock Total dividends paid 416,419 (¥ thousands) Dividend per share 10 (¥) Record date 31 January 2022 Effective date 28 April 2022 Source of dividend Retained earnings」
The payment of the ¥10-per-share dividend was also confirmed during the cumulative second-quarter period under review. - FY2023-Q1Payment of ¥10 dividendAnnual report
「28 April 2022 Annual General Meeting of Shareholders Common stock Total dividends paid 416,419 (¥ thousands) Dividend per share 10 (¥) Record date 31 January 2022 Effective date 28 April 2022 Source of dividend Retained earnings」
The ¥10-per-share dividend decided in the previous fiscal year was paid during the first quarter under review. - FY2022RestatedAnnual report
「The company believes that strengthening retained earnings is important in order to strengthen its financial position and achieve the continued expansion and development of its business for the long-term stability of its management foundation. However, it recognizes the maximization of shareholder value as one of its important management objectives. With regard to future dividends of surplus to shareholders, the company intends to consider them while balancing retained earnings, taking into comprehensive consideration such factors as business performance trends, its financial position, and future business and investment plans.」
The company continues its dividend policy of considering the balance with retained earnings and has also decided on a dividend of ¥10 per share for the current fiscal year. - FY2022-Q3RestatedAnnual report
「Annual General Meeting of Shareholders held on 28 April 2021 Common stock Total dividends paid 416,419 (¥ thousands) Dividend per share 10 (¥) Record date 31 January 2021 Effective date 30 April 2021 Source of dividend Retained earnings」
The payment of the ¥10-per-share dividend decided in the previous fiscal year was also confirmed during the cumulative third-quarter period under review. - FY2022-Q2RestatedAnnual report
「Annual General Meeting of Shareholders held on 28 April 2021 Common stock Total dividends paid 416,419 (¥ thousands) Dividend per share 10 (¥) Record date 31 January 2021 Effective date 30 April 2021 Source of dividend Retained earnings」
The payment of the ¥10-per-share dividend decided in the previous fiscal year was also confirmed in the second-quarter report under review. - FY2022-Q1Payment of ¥10 dividendAnnual report
「Annual General Meeting of Shareholders held on 28 April 2021 Common stock Total dividends paid 416,419 (¥ thousands) Dividend per share 10 (¥) Record date 31 January 2021 Effective date 30 April 2021 Source of dividend Retained earnings」
The ¥10-per-share dividend decided in the previous fiscal year was paid during the quarter under review pursuant to a resolution of the Annual General Meeting of Shareholders. - FY2021AdvancedAnnual report
「The company believes that strengthening retained earnings is important in order to strengthen its financial position and achieve the continued expansion and development of its business for the long-term stability of its management foundation. However, it recognizes the maximization of shareholder value as one of its important management objectives. With regard to future dividends of surplus to shareholders, the company intends to consider them while balancing retained earnings, taking into comprehensive consideration such factors as business performance trends, its financial position, and future business and investment plans.」
The company continues its dividend policy of considering the balance with retained earnings and decided on a dividend of ¥10 per share for the current fiscal year. - FY2021-Q3RestatedAnnual report
「24 April 2020 Annual General Meeting of Shareholders Common stock Total dividends paid 291,493 (¥ thousands) Dividend per share 7 (¥) Record date 31 January 2020 Effective date 27 April 2020」
The payment of the ¥7-per-share commemorative dividend decided in the previous fiscal year was also confirmed during the cumulative third-quarter period under review. - FY2021-Q2RestatedAnnual report
「24 April 2020 Annual General Meeting of Shareholders Common stock Total dividends paid 291,493 (¥ thousands) Dividend per share 7 (¥) Record date 31 January 2020 Effective date 27 April 2020」
The payment of the ¥7-per-share commemorative dividend decided in the previous fiscal year was also confirmed in the second-quarter report under review. - FY2021-Q1Payment of commemorative dividendAnnual report
「24 April 2020 Annual General Meeting of Shareholders Common stock Total dividends paid 291,493 (¥ thousands) Dividend per share 7 (¥) Record date 31 January 2020 Effective date 27 April 2020」
The commemorative dividend of ¥7 per share decided in the previous fiscal year was actually paid during the first quarter under review. - FY2020SoftenedAnnual report
「The company believes that strengthening retained earnings is important in order to strengthen its financial position and achieve the continued expansion and development of its business for the long-term stability of its management foundation, and has not paid dividends since its establishment, including in the current fiscal year. However, it recognizes the maximization of shareholder value as one of its important management objectives. With regard to future dividends of surplus to shareholders, the company intends to consider them while balancing retained earnings, taking into comprehensive consideration such factors as business performance trends, its financial position, and future business and investment plans. For the current fiscal year, the company decided to pay a commemorative dividend of ¥7 per share in connection with its listing on the First Section of the Tokyo Stock Exchange on 18 April 2019.」
While maintaining its policy of prioritizing retained earnings and paying no dividends since its establishment, the company decided on a commemorative dividend of ¥7 per share in connection with its listing and shifted to language indicating that it would consider the balance with shareholder returns. - FY2020-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative third-quarter period under review, and the company continues to pay no dividends. - FY2020-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second-quarter period under review, and the company continues to pay no dividends. - FY2020-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first-quarter period under review, and the company continues to pay no dividends. - FY2019RestatedAnnual report
「The company is currently in a growth phase. Believing that strengthening retained earnings is important in order to strengthen its financial position and achieve the continued expansion and development of its business for the long-term stability of its management foundation, it has not paid dividends since its establishment.」
The company continues its policy of prioritizing retained earnings and paying no dividends since its establishment. - FY2019-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative third-quarter period under review, and the company continues to pay no dividends. - FY2019-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second-quarter period under review, and the company continues to pay no dividends. - FY2019-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative period under review, and the company continues to pay no dividends. - FY2018First statedAnnual report
「Believing that strengthening retained earnings is important in order to strengthen its financial position and achieve the continued expansion and development of its business for the long-term stability of its management foundation, the company has not paid dividends since its establishment, including in the current fiscal year.」
The company prioritizes retained earnings to strengthen its financial position and expand its business, and has maintained a policy of paying no dividends since its establishment.