Policy of prioritizing retained earnings and not paying dividends since its founding
First written in FY2017. 5 of 13 entries say "Restated". Latest entry: 2026-09-09.
9 other companies' latest entry also says "Softened".
- FY2026-H1AdvancedAnnual report
「Board of Directors meeting, 14 November 2025 Common shares 957,250 40 30 September 2025 8 December 2025 Board of Directors meeting, 15 May 2026 Common shares 658,109 27.5 31 March 2026 15 June 2026」
The Company paid the FY2025 year-end dividend of ¥40 per share, totaling ¥957.250 million, and resolved to pay an interim dividend of ¥27.5 per share, totaling ¥658.109 million, for the FY2026-H1 record date. - FY2025RaisedAnnual report
「The Company's basic policy is to ensure the retained earnings necessary for future business expansion and strengthening its corporate structure, while paying dividends from surplus twice a year, as interim and year-end dividends, on a stable and ongoing basis. After comprehensively considering the results for the fiscal year, the future operating environment and growth investments for the future, the Company set the dividend for the fiscal year at ¥40 per share.」
The policy expanded from the previous year's first annual dividend of ¥15 per share to a policy of paying dividends twice a year, and the dividend per share for the fiscal year also increased to ¥40. - FY2025-H1AdvancedAnnual report
「This was mainly because there was an outflow of ¥348.655 million for dividend payments and an outflow of ¥307.443 million for the acquisition of treasury shares.」
The first dividend decided for FY2024 was actually paid on 9 December 2024 at ¥15 per share, totaling ¥348.655 million. The policy change from paying no dividends since the Company's founding to making dividend payments was confirmed by the actual payment record. - FY2024ReframedAnnual report
「The Company recognizes the return of profits to shareholders as one of management's important priorities. Its basic policy is to ensure the retained earnings necessary for future business expansion and strengthening its corporate structure, while paying dividends from surplus once a year as a year-end dividend on a stable and ongoing basis. After comprehensively considering the results for the fiscal year, the future operating environment and growth investments for the future, the Company set the dividend for the fiscal year, its first dividend, at ¥15 per share.」
The policy changed from no dividends since the Company's founding and no fixed dividend payment timing to a policy of making stable and ongoing annual dividend payments while securing retained earnings and growth investments, and the Company paid its first dividend of ¥15 per share. - FY2022RestatedAnnual report
「Accordingly, we have not paid dividends since our founding, and the payment of dividends and the timing thereof have not been determined as of the present time. However, in the future, we intend to determine shareholder return measures after taking into account our financial condition, operating results, business plans and other factors.」
The Company continues its policy of paying no dividends since its founding and allocating retained earnings to strengthening its financial base and investing in business expansion. - FY2021RestatedAnnual report
「Accordingly, we have not paid dividends since our founding, and the payment of dividends and the timing thereof have not been determined as of the present time. However, in the future, we intend to determine shareholder return measures after taking into account our financial condition, operating results, business plans and other factors.」
The Company continues its policy of paying no dividends since its founding and allocating retained earnings to strengthening its financial base and investing in business expansion. - FY2019RestatedAnnual report
「Accordingly, we have not paid dividends since our founding, and the payment of dividends and the timing thereof have not been determined as of the present time. However, in the future, we intend to determine shareholder return measures after taking into account our financial condition, operating results, business plans and other factors.」
The Company continues its policy of paying no dividends since its founding and allocating retained earnings to strengthening its financial base and investing in business expansion. - FY2018-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the cumulative period through the second quarter, consistent with the no-dividend policy stated in the previous filing. - FY2017First statedAnnual report
「The Company considers itself to still be in the growth phase and believes that strengthening retained earnings and allocating them to strengthening its corporate structure, improving business efficiency and investing in business expansion will provide the greatest return of profits to shareholders.」
The policy is to allocate retained earnings to strengthening the financial base and investing in business expansion, with no dividend payment date determined at present.