Near-Term No-Dividend Policy Prioritizing Growth Investment
First written in FY2018. 14 of 21 entries say "Restated". Latest entry: FY2026.
71 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company will consider and implement share repurchases flexibly after taking into account investment opportunities, the share price and other factors. It currently has no plans to pay dividends.」
The company indicated that it will allocate capital between growth investment and share repurchases while maintaining its policy of paying no dividends. - FY2025RestatedAnnual report
「Accordingly, the company will prioritise growth investment and strengthening its financial base through retained earnings for the foreseeable future, and has no plans to pay dividends at present.」
The company has reconfirmed its policy of prioritising growth investment and retained earnings and paying no dividends for the foreseeable future. - FY2024RestatedAnnual report
「Accordingly, the company will prioritise growth investment and strengthening its financial base through retained earnings for the foreseeable future, and has no plans to pay dividends at present.」
The company has reconfirmed its policy of prioritising growth investment and retained earnings and paying no dividends for the foreseeable future. - FY2022RestatedAnnual report
「The Company considers it important to build retained earnings in order to strengthen its financial position for long-term stability of its management base and to achieve the continued expansion and development of its business. Accordingly, it has not paid dividends since its establishment, including in the current fiscal year.」
The company has reaffirmed its policy of continuing to pay no dividends and using retained earnings to strengthen its financial position and expand the business. - FY2021RestatedAnnual report
「The Company considers it important to build retained earnings in order to strengthen its financial position for long-term stability of its management base and to achieve the continued expansion and development of its business. Accordingly, it has not paid dividends since its establishment, including in the current fiscal year.」
The company continues to pay no dividends and has reconfirmed its policy of prioritising the use of retained earnings to strengthen its financial base and expand its business. Future dividends will be considered based on operating performance, financial position and investment plans. - FY2021-Q3RestatedAnnual report
「Not applicable.」
No dividend was paid in the nine-month period of the current consolidated fiscal year, and the company continues to pay no dividends. - FY2021-Q2RestatedAnnual report
「Not applicable.」
No dividend was paid in the six-month period of the current consolidated fiscal year, and the company continues to pay no dividends. - FY2020SoftenedAnnual report
「The company intends to consider returning profits to shareholders in the future while taking into account operating performance for each fiscal year. At present, however, the possibility and timing of dividend payments remain undecided.」
The company maintained its policy of considering future shareholder returns while continuing to pay no dividends, but explicitly stated that the possibility and timing of dividend payments remain undecided. - FY2020-Q3RestatedAnnual report
「Not applicable.」
No dividend was paid in the nine-month period of the current consolidated fiscal year, and the company continues to pay no dividends. - FY2020-Q2RestatedAnnual report
「Not applicable.」
No dividend was paid in the six-month period of the current consolidated fiscal year, and the company continues to pay no dividends. - FY2020-Q1RestatedAnnual report
「Not applicable.」
No dividend was paid in the three-month period of the current consolidated fiscal year, and the company continues to pay no dividends. - FY2019SoftenedAnnual report
「The company has paid no dividends since its establishment, including for the current fiscal year. However, it regards maximising shareholder value as one of its important management objectives and intends to consider future dividends from retained earnings while balancing them against retained earnings requirements, taking into comprehensive consideration trends in operating performance, its financial position, and future business and investment plans.」
Although the company continues to have a track record of paying no dividends for the foreseeable future, it states that future dividends will be considered based on operating performance, financial position and investment plans, making the possibility of future dividends more explicit. - FY2019-Q3RestatedAnnual report
「Not applicable.」
No dividend was paid in the nine-month period of the current consolidated fiscal year, and the company continues to pay no dividends. - FY2019-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividend was paid in the six-month period of the current consolidated fiscal year, and the policy of no dividends remains in place. - FY2019-Q1RestatedAnnual report
「Dividend payments Not applicable」
No dividend was paid in the current quarter, in line with the policy of no dividends for the foreseeable future. - FY2018First statedAnnual report
「At present, the Group considers itself to be in a growth phase and believes that strengthening retained earnings and allocating them to investment for business expansion and greater efficiency represents the greatest return to shareholders. Accordingly, it has paid no dividends since its establishment and intends to continue strengthening retained earnings for the foreseeable future.」
The Group prioritises growth investment and its financial position, has paid no dividends since its establishment, and intends to continue strengthening retained earnings for the foreseeable future.