Dividend and Retained Earnings Policy Prioritizing Profit Growth
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2025.
46 other companies' latest entry also says "Raised".
- FY2025RaisedAnnual report
「Under the 2027 Fiscal Year Ending October Medium-Term Management Plan, the Company has set an optimal shareholders' equity level of approximately ¥90 billion and, as its shareholder return policy, adopted DOE (dividend on equity) as a metric, setting a guideline of approximately 10%.」
The Company has changed from its previous policy of prioritizing financial soundness and redefining dividends to a more specific and ambitious shareholder return policy targeting shareholders' equity of approximately ¥90 billion, DOE of approximately 10% and a future total payout ratio near 100%. - FY2023ReframedAnnual report
「During the current consolidated fiscal year, the impact of infectious diseases in Japan and overseas eased compared with the previous consolidated fiscal year, and the profitability of the parking and mobility businesses recovered as a result of measures including making the businesses more resilient. However, because the Company recognizes strengthening its financial position as an important management priority, it decided not to pay a dividend.」
While maintaining a dividend policy based on profit growth and investment, the Company has continued to prioritize strengthening its financial position and has withheld dividends even after earnings recovered. - FY2021RestatedAnnual report
「The Company will determine dividends with the highest priority placed on achieving a shareholders' equity ratio above 30% by the end of the fiscal year ending October 2025.」
In addition to its dividend policy based on profit growth and investment, the Company continues to prioritize strengthening its financial position. - FY2020SoftenedAnnual report
「As the Company recognizes that strengthening its financial position is an urgent management priority, it has set a target of a shareholders' equity ratio above 30% as a financial metric to achieve by the end of the fiscal year ending October 2025, and will determine dividends for the time being on that basis.」
In addition to its dividend-centered policy based on profit growth and investment, the Company has added a condition that financial soundness will be prioritized and dividends will be determined for the time being based on the target shareholders' equity ratio. - FY2019RestatedAnnual report
「The Company will allocate retained earnings to capital investment, research and development, M&A, business alliances and other initiatives necessary for the Group's business expansion and service enhancement, in order to deliver the comfort demanded by the times.」
The Company continues to pursue a policy of allocating retained earnings to capital investment, research and development, M&A and business alliances, while returning surplus funds primarily through dividends. - FY2018RestatedAnnual report
「The Company considers increasing corporate value through profit growth to be its primary objective. After taking into account retained earnings needed to fund future investments, its basic policy is to return surplus funds to shareholders, primarily through dividends.」
The Company continues to pursue a policy of returning surplus funds primarily through dividends, taking into account profit growth and retained earnings for future investment. - FY2017First statedAnnual report
「The Company considers increasing corporate value through profit growth to be its primary objective. After taking into account retained earnings needed to fund future investments, its basic policy is to return surplus funds to shareholders, primarily through dividends.」
The Company explicitly states a shareholder return policy combining profit growth, retained earnings for future investment and dividends from surplus funds.