Policy of not paying dividends while prioritizing growth investments
First written in FY2019. 13 of 16 entries say "Restated". Latest entry: FY2025-H1.
Living Technologies moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).
11 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「To enhance shareholder returns and pursue a flexible capital policy in response to changes in the business environment.」
In addition to the previous explanation regarding the policy of paying no dividends and the timing of future dividend payments, the Company newly indicated shareholder returns through share repurchases and a flexible capital policy. No change to the dividend policy itself was stated. - FY2024RestatedAnnual 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.」
Continues to explain the policy of paying no dividends and allocating retained earnings to strengthening the financial position and investing in business expansion, and that future shareholder return measures have not been determined. - FY2023-Q3RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was paid for the cumulative period of the third quarter or the previous fiscal year. - FY2023-Q2RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was paid for the cumulative period of the second quarter or the previous fiscal year. - 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.」
Continues to explain the policy of paying no dividends and allocating retained earnings to strengthening the financial position and investing in business expansion, and that future shareholder return measures have not been determined. - FY2022-Q3RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was paid for the cumulative period of the third quarter or the previous fiscal year. - FY2022-Q2RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was paid for the cumulative period of the second quarter or the previous fiscal year. - FY2022-Q1RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was paid for the first quarter or the previous fiscal year. - 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.」
Reiterates the policy of paying no dividends and allocating retained earnings to investment in business expansion, along with the explanation that future shareholder return measures have not been determined. - FY2021-Q3RestatedAnnual report
「Dividend per share (yen) － － －」
No dividend per share was stated for either the cumulative period of the third quarter or the previous fiscal year. - FY2021-Q2RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was paid for the cumulative period of the second quarter or the previous fiscal year. - FY2021-Q1RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividends were paid for the first quarter or the previous fiscal year. - FY2020SoftenedAnnual 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.」
While maintaining the current policy of paying no dividends, specifies that future shareholder return measures will be determined after taking into account the Company's financial condition and other factors. - FY2020-Q2RestatedAnnual report
「Dividend per share (yen) － － －」
Confirms again that no dividend per share was stated for the cumulative period of the second quarter or the previous fiscal year, reaffirming the policy of paying no dividends. - FY2020-Q1RestatedAnnual report
「Dividend payments Not applicable.」
Discloses that no dividends were paid during the cumulative period of the current quarter. - FY2019First statedAnnual report
「We believe that we are currently in the process of expanding our growth and that building retained earnings to strengthen our management base and actively develop our business, and using those funds to strengthen our financial position and invest in business expansion, will achieve further business growth and provide the greatest return to shareholders.」
Describes the policy of not paying dividends since the Company's founding and allocating retained earnings to strengthening its financial position and investing in business expansion.