Policy of Maintaining Stable Dividends While Securing Retained Earnings
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The group prioritizes building retained earnings and making upfront investments to expand its business operations in order to increase corporate value over the long term, and plans to consider its dividend policy for shareholders in the future while taking comprehensive account of business performance, economic conditions and other factors.」
The company restates its policy of prioritizing the accumulation of retained earnings and upfront investment, with dividends to be considered in the future. - FY2025-H1ReframedAnnual report
「Enhancing corporate value and shareholder returns」
The company has updated its medium-term objectives from continuing stable dividends to wording that emphasizes enhancing corporate value and shareholder returns rather than specifying dividend details. - FY2024SoftenedAnnual report
「The group prioritizes building retained earnings and making upfront investments to expand its business operations in order to increase corporate value over the long term, and plans to consider its dividend policy for shareholders in the future while taking comprehensive account of business performance, economic conditions and other factors.」
The policy has weakened from the previous approach of maintaining stable dividends while securing retained earnings to prioritizing the accumulation of retained earnings and upfront investment to expand business operations, with dividends to be considered in the future. - FY2020RestatedAnnual report
「The company's basic policy is to continue paying stable dividends to shareholders while securing the retained earnings necessary for future business development and strengthening its management foundation.」
The company restates its dividend policy of securing necessary retained earnings and maintaining stable dividends. - FY2019RestatedAnnual report
「The company's basic policy is to continue paying stable dividends to shareholders while securing the retained earnings necessary for future business development and strengthening its management foundation.」
The company continues to state a dividend policy of securing necessary retained earnings and maintaining stable dividends. - FY2018RestatedAnnual report
「The company's basic policy is to continue paying stable dividends to shareholders while securing the retained earnings necessary for future business development and strengthening its management foundation.」
The company continues to state a dividend policy of securing necessary retained earnings and maintaining stable dividends. - FY2017First statedAnnual report
「The company's basic policy is to continue paying stable dividends to shareholders while securing the retained earnings necessary for future business development and strengthening its management foundation.」
The company explicitly states that securing necessary retained earnings and continuing stable dividends to shareholders are the basic principles of its dividend policy.