Dividend suspension to prioritize retained earnings
First written in FY2022. 2 of 5 entries say "Softened", first in FY2023. Latest entry: 2026-08-13.
13 other companies' latest entry also says "Advanced".
- FY2025RestatedAnnual report
「The company believes that it is currently in a growth phase, and that strengthening retained earnings and allocating them to investment for future business development and strengthening its management foundation, with the aim of further expanding the business, will provide the greatest return of profits to shareholders. In the future, the company plans to make appropriate management decisions as needed, taking into account its operating results and financial condition in each fiscal period, and to pay dividends. However, the possibility of paying dividends and the timing of their commencement have not been determined at present.」
The company did not pay dividends in the fiscal year under review, continued to prioritize retained earnings and business investment, and stated that the possibility and timing of future dividend payments remain undetermined. - FY2023SoftenedAnnual report
「In the future, the company plans to make appropriate management decisions as needed, taking into account its operating results and financial condition in each fiscal period, and to pay dividends. However, the possibility of paying dividends and the timing of their commencement have not been determined at present.」
The company has explicitly stated its plan to pay dividends in the future while maintaining its policy of prioritizing retained earnings and business investment. However, the timing and possibility of commencement remain undetermined. - FY2022First statedAnnual report
「The Company currently considers itself to be in a growth phase. It believes that strengthening retained earnings, allocating them to investments for future business development and strengthening its management base, and pursuing further business expansion will provide the greatest return to shareholders.」
At present, the company states that it prioritizes retained earnings and business investment over dividends.