No-Dividend and Retained Earnings Policy Prioritizing Growth Investment
First written in FY2020. 14 of 18 entries say "Restated". Latest entry: 2026-08-14.
129 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the interim accounting period, consistent with the policy of paying no dividends. - FY2024RestatedAnnual report
「The Company recognizes the return of profits to shareholders as one of its important management priorities. Its basic policy is to distribute profits in line with operating results while maintaining a balance with retained earnings, taking comprehensive account of the trend in operating performance, financial position, and future business and investment plans. However, in view of the challenging operating environment, including the recording of a net loss for the current period, the Company has decided to pay no dividends from surplus.」
The company continues its policy of paying no dividends due to the challenging operating environment and the recording of a net loss for the period. - FY2024-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second quarter, consistent with the policy of paying no dividends. - FY2024-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first quarter, consistent with the policy of paying no dividends. - FY2023RestatedAnnual report
「The Company recognizes the return of profits to shareholders as one of its important management priorities. Its basic policy is to distribute profits in line with operating results while maintaining a balance with retained earnings, taking comprehensive account of the trend in operating performance, financial position, and future business and investment plans. However, in view of the challenging operating environment, including the recording of a net loss for the current period, the Company has decided to pay no dividends from surplus.」
The company continues its policy of paying no dividends, citing the challenging operating environment and the recording of a net loss for the period. - FY2023-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
The Company reiterates that no dividends were paid during the cumulative third quarter period. - FY2023-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
The Company states that no dividends were paid during the cumulative second quarter period, consistent with its no-dividend policy. - FY2023-Q1RestatedAnnual report
「Dividend per share (¥) —」
The key management indicators show no dividend per share for the cumulative first quarter period, consistent with the no-dividend policy in the previous fiscal year. - FY2022SoftenedAnnual report
「The Company recognizes the return of profits to shareholders as one of its important management priorities. Its basic policy is to distribute profits in line with operating results while maintaining a balance with retained earnings, taking comprehensive account of the trend in operating performance, financial position, and future business and investment plans. However, as substantial upfront investment is planned for the time being, the Company intends to prioritize securing funds for planned implementation and pay no dividends.」
The policy has returned from the ¥7-per-share dividend in the previous fiscal year to paying no dividends for the time being, prioritizing the securing of funds for upfront investment. Retained earnings are to be allocated to investments in personnel and systems. - FY2022-Q3RestatedAnnual report
「This was mainly due to an ¥11,246 thousand increase in retained earnings from the recording of quarterly net income and an ¥11,559 thousand increase in share capital and capital surplus from the exercise of stock options, partly offset by a ¥19,416 thousand decrease in retained earnings from the payment of dividends, among other factors.」
The Company reconfirms that ¥19,416 thousand was paid in respect of the ¥7-per-share year-end dividend decided in the previous fiscal year. - FY2022-Q1AdvancedAnnual report
「This was mainly due to a ¥19,416 thousand decrease in retained earnings from the payment of dividends and an ¥8,084 thousand increase in retained earnings from the recording of quarterly net income.」
With respect to the ¥7-per-share year-end dividend decided in the previous fiscal year, a payment of ¥19,416 thousand was made during the current quarter. - FY2021ReframedAnnual report
「The Company recognizes the return of profits to shareholders as one of its important management priorities. Its basic policy is to distribute profits in line with operating results while maintaining a balance with retained earnings, taking comprehensive account of the trend in operating performance, financial position, and future business and investment plans. For the current fiscal year, the Company decided to pay a year-end dividend of ¥7 per share after comprehensively considering operating trends, financial position, and the business environment surrounding the Company in accordance with this basic policy. As a result, the dividend payout ratio for the current fiscal year was 22.3%.」
The policy has shifted from the previous policy of paying no dividends for the time being to paying a dividend of ¥7 per share while maintaining a balance with retained earnings, resulting in a dividend payout ratio of 22.3%. - FY2021-Q3RestatedAnnual report
「The Company has not paid dividends, so no amount of dividend per share is presented.」
The Company states that it has not paid a dividend for the cumulative third quarter period either. - FY2021-Q2RestatedAnnual report
「The Company has not paid dividends, so no amount of dividend per share is presented.」
The Company reiterates that it has not paid a dividend this quarter either. - FY2021-Q1RestatedAnnual report
「The Company has not paid dividends, so no amount of dividend per share is presented.」
The Company states that it has not paid a dividend this quarter either. - FY2020First statedAnnual report
「The Company has not paid dividends to date and intends, for the time being, to build retained earnings in preparation for these growth investments. In the future, we will consider returning profits to shareholders while taking into account the balance between retained earnings for the Company's financial position, operating results, and business development. However, the possibility and timing of dividend payments remain undecided at this time.」
The Company prioritizes growth investments in personnel, services, sales, and other areas, and has stated its policy of paying no dividends for the time being while building retained earnings.