No-Dividend and Retained Earnings Policy Prioritizing Research and Development
First written in FY2023. 6 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 2 of 19 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「No per-share dividend is presented because no dividends were paid.」
No dividend was paid during the interim accounting period. - FY2025RestatedAnnual report
「We have paid no dividends since our incorporation, including for the current fiscal year. We intend to use retained earnings for research and development funding required for future business expansion.」
The company maintains its policy of paying no dividends and using retained earnings for research and development. - FY2025-H1RestatedAnnual report
「No per-share dividend is presented because no dividends were paid.」
The company did not pay a dividend in the current interim accounting period. - FY2024RestatedAnnual report
「We have paid no dividends since our incorporation, including for the current fiscal year. We intend to use retained earnings for research and development funding required for future business expansion.」
The company continues its policy of paying no dividends and prioritizing retained earnings for research and development. - FY2024-H1RestatedAnnual report
「No per-share dividend is presented because no dividends were paid.」
The company did not pay a dividend in the current interim accounting period. - FY2024-Q1RestatedAnnual report
「No per-share dividend is presented because no dividends were paid.」
The company did not pay a dividend in the first quarter. - FY2023First statedAnnual report
「Although we recognize maximizing shareholder returns as one of our important management objectives, we believe it is important to build retained earnings to strengthen our financial base over the long term and achieve continuous business expansion. Accordingly, we have paid no dividends since our incorporation, including for the current fiscal year.」
The company intends for the time being to pay no dividends and to direct retained earnings toward research and development.