No-dividend policy prioritizing retained earnings and growth investment
First written in FY2022. 10 of 12 entries say "Restated". Latest entry: FY2026.
9 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「We believe it is important to build retained earnings to strengthen our financial position and expand our business, and have not paid dividends in the past. However, we recognise the return of profits to shareholders as an important management priority. Going forward, we will comprehensively assess the balance between returning profits to shareholders and building retained earnings, and respond flexibly in line with business performance and market trends.」
The company maintains its policy of no dividends and prioritising retained earnings, while treating the return of profits to shareholders as an important priority and adding language stating that it will respond flexibly in the future after considering the balance with retained earnings. - FY2026-H1RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
No dividend was paid during the interim accounting period. - FY2025RestatedAnnual report
「Accordingly, we have paid no dividends since our founding, and our basic policy going forward is to secure an appropriate level of retained earnings for future business investment and the strengthening of our management base.」
The company continues its no-dividend policy and maintains its policy of allocating retained earnings to business investment and strengthening its management base. - FY2025-H1RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
The company did not pay a dividend in the current interim accounting period. - FY2024RestatedAnnual report
「Accordingly, we have paid no dividends since our founding, and our basic policy going forward is to secure an appropriate level of retained earnings for future business investment and the strengthening of our management base.」
The company continues its no-dividend policy and its policy of allocating retained earnings to business investment and strengthening its management base. - FY2024-Q3RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
No dividend was paid in the cumulative third-quarter period either. - FY2024-Q2RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
No dividend was paid for the six months ended the second quarter. - FY2024-Q1RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
The Company did not pay dividends during the cumulative first quarter. - FY2023-Q3RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
No dividends have been paid for the cumulative third-quarter period either. - FY2023-Q2RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
No dividend was paid for the six months ended the second quarter. - FY2023-Q1RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
The company did not pay a dividend in the first quarter. - FY2022First statedAnnual report
「Accordingly, we have paid no dividends since our founding, and our basic policy going forward is to secure an appropriate level of retained earnings for future business investment and the strengthening of our management base.」
The possibility and timing of dividend payments remain undecided, and the policy is to use retained earnings to strengthen the financial position and support continued business expansion.