Shareholder Return Policy Premised on the Recovery of Retained Earnings
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As of 31 March 2026, the Company had negative retained earnings. When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy. As of the filing date, however, it had not formulated such a policy because accumulated retained earnings were not yet sufficient.」
Negative retained earnings increased from ¥577,258 thousand at the end of the previous fiscal year to ¥728,812 thousand, and the company had still not formulated a specific shareholder return policy as of the filing date. - FY2025WorsenedAnnual report
「As of 31 March 2025, the Company had negative retained earnings. When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy. As of the filing date, however, it had not formulated such a policy because accumulated retained earnings were not yet sufficient.」
Negative retained earnings increased from ¥397,702 thousand at the end of the previous fiscal year to ¥577,258 thousand, and the company had still not formulated a specific shareholder return policy as of the filing date. - FY2024MitigatedAnnual report
「As of 31 March 2024, the Company had negative retained earnings.」
Negative retained earnings narrowed from ¥553,548 thousand to ¥397,702 thousand. However, the company had still not formulated a specific shareholder return policy as of the filing date. - FY2023WorsenedAnnual report
「As of 31 March 2023, the Company had negative retained earnings. When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy. As of the filing date, however, it had not formulated such a policy because accumulated retained earnings were not yet sufficient.」
Negative retained earnings increased to ¥553,548 thousand, and the company had still not formulated a specific shareholder return policy as of the filing date. - FY2019RestatedAnnual report
「As of 31 March 2019, the Company had negative retained earnings. When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy. As of the filing date, however, it had not formulated such a policy because accumulated retained earnings were not yet sufficient.」
Negative retained earnings improved from ¥332,073 thousand in the previous fiscal year to ¥268,954 thousand, but the company states that it still had not formulated a specific shareholder return policy. - FY2018RestatedAnnual report
「As of 31 March 2018, the Company had negative retained earnings. When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy.」
Retained earnings remained negative even after returning to profitability, and the company states that it had not formulated a specific shareholder return policy as of the filing date. - FY2017RestatedAnnual report
「As of 31 March 2017, the Company had negative retained earnings. When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy. As of the filing date, however, it had not formulated such a policy because accumulated retained earnings were not yet sufficient.」
While treating shareholder returns as an important management issue, the company has not formulated a specific return policy as of the filing date because retained earnings are not sufficient. - FY2016First statedAnnual report
「When accumulated retained earnings reach a substantial level as business performance improves, the Company will formulate a shareholder return policy, including a dividend policy.」
While treating shareholder returns as an important management issue, the company states that it has not formulated a return policy as of the filing date because accumulated retained earnings are not yet sufficient.