Priority on Retained Earnings and Future Shareholder Returns
First written in FY2020. 12 of 30 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-08-14.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026RaisedAnnual report
「With a view to investing for business expansion and making ongoing dividend payments, the Company has adopted a basic policy of targeting a payout ratio exceeding 30% for both interim and year-end dividends.」
The wording was changed from a payout ratio of approximately 30% to “exceeding 30%,” clarifying the policy of continuous, stable dividends. For the fiscal year ending March 2026, interim and year-end dividends of ¥10 and ¥11, respectively, are planned. - FY2026-H1AdvancedAnnual report
「24 June 2025 Annual General Meeting of Shareholders Common shares 71,170 10.00 31 March 2025 25 June 2025 Retained earnings The Company acquired 52,900 treasury shares based on a resolution of the Board of Directors made on 14 April 2025.」
Under its policy of targeting a payout ratio of approximately 30%, the Company paid a year-end dividend of ¥10 per share, totaling ¥71.170 million, and acquired 52,900 treasury shares. It also resolved in September and November 2025 to acquire treasury shares, with each acquisition capped at 50,000 shares. - FY2025AdvancedAnnual report
「With a view to investing for business expansion and making ongoing dividend payments, the Company has adopted a basic policy of targeting a payout ratio of approximately 30% for both interim and year-end dividends.」
Under its basic policy of targeting a payout ratio of approximately 30%, the Company paid dividends of ¥10 per share for the fiscal year ending September 2024 and ¥10 per share for the fiscal year ending March 2025. It also acquired 76,300 treasury shares. - FY2025-H1AdvancedAnnual report
「At a meeting held on 14 November 2024, the Board of Directors resolved to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2024, as follows: (1) total dividends: ¥71.733 million; (2) dividend per share: ¥10.00. The Company acquired 20,000 treasury shares based on a resolution of the Board of Directors made on 14 August 2024.」
Under its policy of targeting a payout ratio of approximately 30%, the Company resolved to pay an interim dividend of ¥10 per share, totaling ¥71.733 million. It also acquired 20,000 treasury shares, continuing to implement shareholder returns and capital policy measures. - FY2024RaisedAnnual report
「With a view to investing for business expansion and making ongoing dividend payments, the Company has adopted a basic policy of targeting a payout ratio of approximately 30% for both interim and year-end dividends.」
The Company moved from its previous policy of prioritizing retained earnings and providing shareholder returns in the future to adopting a specific basic policy of continuous, stable dividends with a target payout ratio of approximately 30%. For the fiscal year ended March 2024, the policy and actual payments were an interim dividend of ¥27 and a year-end dividend of ¥11. - FY2024-Q3AdvancedAnnual report
「Resolution Type of shares Total dividends (¥ thousands) Dividend per share (¥) Record date Effective date Source of dividend 14 November 2023 Board of Directors Common shares 194,220 27.00 30 September 2023 7 December 2023 Retained earnings The Company acquired 150,800 treasury shares based on a resolution of the Board of Directors made on 14 February 2023.」
The Company paid an interim dividend of ¥194.220 million in total, or ¥27 per share, on 7 December 2023, and also acquired 150,800 treasury shares. Shareholder returns and capital policy measures are progressing. - FY2024-Q2AdvancedAnnual report
「Regarding the interim dividend for the 19th fiscal year, from 1 April 2023 to 31 March 2024, the Board of Directors resolved at its meeting held on 14 November 2023 to pay an interim dividend to shareholders recorded in the shareholder register as of 30 September 2023, as follows: (1) total dividends: ¥194.220 million; (2) dividend per share: ¥27.00 (ordinary dividend: ¥7.00; commemorative dividend: ¥20.00); (3) effective date of dividend claim rights and payment commencement date: 7 December 2023.」
Moving beyond its previous policy of paying no dividends while considering future shareholder returns, the Company resolved on 14 November 2023 to pay an interim dividend of ¥194.220 million in total, or ¥27 per share. The payment commencement date was set for 7 December 2023. - FY2023AchievedAnnual report
「The acquisition of treasury shares under this resolution ended on 19 June 2023.」
The treasury share acquisition, capped at 330,000 shares and a total acquisition cost of ¥250.000 million, was completed on 19 June 2023 with the acquisition of 330,000 shares for ¥248,951,900. The Company continued to pay no dividends, with the timing of any future payments undetermined. - FY2023-Q3ReframedAnnual report
「To enhance shareholder returns, improve capital efficiency, and pursue a flexible capital policy.」
In addition to its previous policy of prioritizing retained earnings and providing shareholder returns in the future, the Company resolved to acquire treasury shares, up to 330,000 shares and a total acquisition cost of ¥250.000 million, with the aim of strengthening shareholder returns and improving capital efficiency. - FY2023-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the current second quarter of the consolidated cumulative period, reaffirming the Company's non-dividend-paying status. - FY2023-Q1RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the current first quarter of the consolidated cumulative period, reaffirming the Company's non-dividend-paying status. - FY2022-Q3RestatedAnnual report
「Not applicable.」
No dividends were paid during the current third quarter of the consolidated cumulative period, reaffirming the Company's non-dividend-paying status. - FY2022-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the current second quarter of the consolidated cumulative period, reaffirming the Company's non-dividend-paying status. - FY2022-Q1RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the current first quarter of the consolidated cumulative period, reaffirming the Company's non-dividend-paying status. - FY2021RestatedAnnual report
「For the time being, the Company plans to give top priority to strengthening retained earnings, but in the future it will seek to provide ongoing returns to shareholders while taking its business performance and financial position into account. However, the possibility and timing of dividend payments have not been determined at this time.」
The Company continues not to pay dividends since its founding and has reaffirmed its policy of prioritizing retained earnings for the time being while considering ongoing shareholder returns in the future. - FY2021-Q3RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative third quarter under review, and the company remains without a dividend. - FY2021-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the current second quarter of the consolidated cumulative period, and the Company remains non-dividend-paying. - FY2020First statedAnnual report
「For the time being, the Company plans to give top priority to strengthening retained earnings, but in the future it will seek to provide ongoing returns to shareholders while taking its business performance and financial position into account. However, the possibility and timing of dividend payments have not been determined at this time.」
The Company has paid no dividends since its founding, prioritizes retained earnings for the time being, and has not determined the timing of future dividends.