No-dividend policy prioritizing growth investment and retained earnings
First written in FY2020. 5 of 12 entries say "Achieved", first in 2026-05-15. Latest entry: 2026-08-14.
8 other companies' latest entry also says "Raised".
- 2026-08-14RaisedResults
「2027年３月期(予想) 0.00 ― 3.00 3.00」
2027年３月期の年間配当予想が1株当たり3円となり、前期の1株当たり2円から引き上げられた。 - FY2026AchievedAnnual report
「In light of this business growth and the stabilization of its management base, the company determined that it had reached a stage where it could begin returning profits to shareholders while continuing to invest in growth opportunities, and will pay its first-ever year-end dividend of ¥2 per share for the current fiscal year.」
The company shifted from its no-dividend policy since listing and paid its first year-end dividend of ¥2 per share for the current fiscal year. In addition, it acquired 187,200 treasury shares during the fiscal year pursuant to a resolution dated 12 February 2026. - FY2026-H1RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividends were paid during the current interim consolidated accounting period, and the company continued not to pay dividends ahead of the first dividend planned for the next fiscal year as announced for FY2025. - FY2025RaisedAnnual report
「The company determined that it had established a structure enabling it to begin providing stable and continuous returns to shareholders while maintaining a sound financial base. Accordingly, it plans to pay its first dividend from the year-end dividend for the next fiscal year (the fiscal year ending March 2026). The year-end dividend is planned at ¥2 per share, subject to a comprehensive assessment of operating performance, the future business environment and investment for future growth.」
The company has shifted from its no-dividend policy since its founding and plans to pay its first dividend from the year-end dividend for the fiscal year ending March 2026, at ¥2 per share. - FY2025-H1RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividends were paid during the current interim consolidated accounting period, and the company continued not to pay dividends. - FY2021SoftenedAnnual report
「The company plans to implement shareholder returns in the future after taking into account its financial position, operating results and cash flows in each period, but has not determined whether dividends will be paid or when they might be paid. It will also consider share repurchases as appropriate, both to respond flexibly to changes in its share price and operating environment and as one measure of its capital policy and shareholder returns.」
The company continues its no-dividend policy since its founding, but has added a policy of considering future shareholder returns and share repurchases, making the wording of its no-dividend policy more flexible. - FY2020First statedAnnual report
「The company does not pay dividends because it believes that strengthening its financial position, building retained earnings and applying them to investment for business expansion will provide the greatest return to shareholders.」
During the business growth phase, the company’s policy is to refrain from paying dividends and prioritize strengthening its financial position, building retained earnings and investing in business expansion.