No-Dividend Policy Prioritizing Retained Earnings and Future Shareholder Returns
First written in FY2021. 5 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For dividends for the fiscal year under review, the Board of Directors resolved at its meeting held on 13 March 2026 to pay an interim dividend of ¥5 per share, with 9 April 2026 as the effective date. For the year-end dividend, the Board of Directors resolved at its meeting held on 14 September 2026 to pay ¥5 per share, with 8 October 2026 as the effective date.」
The Group continues its annual dividend of ¥10, comprising an interim dividend of ¥5 and a year-end dividend of ¥5, and maintains its policy of paying continuous and stable dividends. - FY2026-H1RestatedAnnual report
「At a meeting of the Board of Directors held on 13 March 2026, the company resolved the following regarding the interim dividend for the current fiscal year.」
The company resolved to pay an interim dividend of ¥5 per share, totaling ¥114 million, maintaining its policy of continuing to pay dividends from the previous fiscal year. - FY2025SoftenedAnnual report
「To respond to the continued support of our shareholders, the Board of Directors resolved at its meeting held on 14 March 2025 to pay an interim dividend of ¥5 per share, and at its meeting held on 19 September 2025 to pay a year-end dividend of ¥5 per share.」
The company has maintained its policy of paying dividends, but the annual dividend will total ¥10, comprising an interim dividend of ¥5 and a year-end dividend of ¥5, down from the previous fiscal year’s total of ¥20, comprising interim and year-end dividends of ¥10 each. - FY2025-H1Decline in interim dividendAnnual report
「Board of Directors meeting dated 14 March 2025 Common shares ¥114 million 5.00 31 January 2025 9 April 2025 Retained earnings」
While continuing to pay dividends, the interim dividend per share for the current interim period was ¥5. The dividend per share declined from the ¥10 interim dividend reported for the same period of the previous year. - FY2024RaisedAnnual report
「Our basic policy is to target a dividend payout ratio of 30%, while retaining the funds necessary for growth investment and continuing to pay dividends on an ongoing and stable basis.」
The company has moved from a no-dividend policy prioritizing retained earnings to a clearly stated shareholder-return policy based on ongoing, stable dividends and a target payout ratio of 30%. For the current fiscal year, it has decided on an interim dividend of ¥10 and a year-end dividend of ¥10. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 March 2024, the company resolved the following regarding the interim dividend for the current fiscal year.」
Following the year-end dividend for the previous fiscal year, the company resolved to pay an interim dividend of ¥10 per share, totaling ¥247 million, continuing the shift from a no-dividend policy prioritizing retained earnings to a policy of returning profits to shareholders. - FY2024-Q1ReframedAnnual report
「Board of Directors resolution dated 19 September 2023 Common shares Total dividends: ¥352 million Dividend per share: ¥14.00 Record date: 31 July 2023 Effective date: 11 October 2023 Source of dividends: Retained earnings」
The company’s disclosures have shifted from a no-dividend policy prioritizing retained earnings to a year-end dividend of ¥14 per share, totaling ¥352 million. - FY2021First statedAnnual report
「The company is in the growth phase and has paid no dividends since its founding, prioritizing the retention of earnings to expand its business in the future and strengthen its financial base. For the time being, its policy is to prioritize strengthening retained earnings, but in the future it will seek to provide shareholders with ongoing returns while taking its business performance and financial position into account.」
The company has paid no dividends since its founding and has indicated a policy of prioritizing retained earnings for the time being, with the timing of future dividend payments undecided.