No dividends paid, prioritizing retained earnings and business expansion
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: 2026-05-15.
Bank of Innovation moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
9 other companies' latest entry also says "Softened".
- 2026-05-15SoftenedEarnings presentation
「For the time being, we have not determined shareholder returns through dividends because we will prioritize increasing per-share shareholder value through retained earnings and reinvestment.」
Compared with the previous statement that dividends would not be paid, the company described shareholder returns through dividends as “undetermined,” somewhat softening the wording of its dividend policy. - FY2025RestatedAnnual report
「As of the end of the current fiscal year, we are prioritizing the enhancement of per-share shareholder value through retained earnings and reinvestment. The possibility and timing of dividend payments have not been determined.」
The company continues to prioritize enhancing per-share shareholder value through retained earnings and reinvestment in business expansion without paying dividends. - FY2021RestatedAnnual report
「We will continue to operate the business with priority given to enhancing shareholder value through investment aimed at expanding the business. In the future, taking into account the progress of the business and the business environment surrounding the company, we intend to consider better ways to enable shareholders and investors, particularly those who plan to hold our shares over the medium to long term, to enjoy economic benefits.」
The company continues to prioritize investment in business expansion and retained earnings without paying dividends. - FY2019RestatedAnnual report
「As of the end of the current fiscal year, we are prioritizing the enhancement of per-share shareholder value through retained earnings and reinvestment. The possibility and timing of dividend payments have not been determined.」
The company continues to prioritize enhancing per-share shareholder value through retained earnings and reinvestment without paying dividends. - FY2019-Q3RestatedAnnual report
「Dividend per share (yen) —」
No per-share dividend was disclosed for the cumulative third-quarter period, reconfirming that no dividend is being paid. - FY2019-Q2RestatedAnnual report
「Dividend per share (yen) —」
The per-share dividend for the cumulative second-quarter period remained zero, reconfirming that no dividend is being paid. - FY2019-Q1RestatedAnnual report
「Dividend per share (yen) —」
No per-share dividend was disclosed for the first quarter, reconfirming that no dividend is being paid. - FY2018First statedAnnual report
「We recognize the return of profits to shareholders as one of management’s important priorities. However, we have given priority to strengthening our financial position, expanding the business, and building retained earnings, and have not paid dividends since our founding. Going forward, we intend to continue building retained earnings for the time being.」
No dividends have been paid since the company’s founding, and the policy is to prioritize its financial position, business expansion, and retained earnings for the time being. Future stable and continuous shareholder returns have not been determined.