Policy on suspending and resuming dividend payments until performance improves
First written in FY2016. 16 of 20 entries say "Restated". Latest entry: FY2026.
3 other companies' latest entry also says "Other".
- FY2026Discontinuation of dividends on Class A sharesAnnual report
「Regarding the year-end dividend on common shares for the fiscal year ending March 2026, the Board of Directors regrettably decided to forgo the dividend after comprehensively considering the Group’s performance and financial position. With respect to dividends on Class A preferred shares, holders of Class A preferred shares exercised their put rights for common shares by the end of the fiscal year, and all Class A preferred shares were acquired.」
The suspension of the common-share dividend continued. As all Class A preferred shares had been acquired in exchange for common shares, no Class A dividend arose for the fiscal year. - FY2026-H1RestatedAnnual report
「Dividends paid on common shares Six months ended Year-end dividend Total dividends (¥ million) − Dividend per share (¥) −」
Dividends on common shares have continued to be suspended. Meanwhile, a total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2025-H1RestatedAnnual report
「Dividends paid on common shares Six months ended Year-end dividend Total dividends (¥ million) − Dividend per share (¥) −」
No dividends have continued to be paid on common shares, and the suspension remains in place pending the resumption of dividends. Meanwhile, a total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2024RestatedAnnual report
「Regarding the year-end dividend on common shares for the fiscal year ending March 2024, the Board of Directors regrettably decided to forgo the dividend after comprehensively considering the Group’s performance and financial position.」
Although the suspension of the common-share dividend continued, the Company reaffirmed its policy of resuming dividends once performance and its financial base have improved sufficiently. A dividend of ¥65,000 per share was paid on Class A preferred shares. - FY2024-Q3RestatedAnnual report
「Dividends paid on common shares Year-end dividend Total dividends (¥ million) − Dividend per share (¥) − Dividends paid on Class A preferred shares Year-end dividend Total dividends (¥ million) 1,950 Dividend per share (¥) 65,000」
While dividends on common shares have continued to be suspended, a total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2024-Q1RestatedAnnual report
「Dividends paid on common shares Year-end dividend Total dividends (¥ million) − Dividend per share (¥) − Dividends paid on Class A preferred shares Year-end dividend Total dividends (¥ million) 1,950 Dividend per share (¥) 65,000」
While dividends on common shares have continued to be suspended, a total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2022-Q3RestatedAnnual report
「Dividends paid on common shares Year-end dividend Total dividends (¥ million) − Dividend per share (¥) −」
Dividends on common shares have continued to be suspended. Meanwhile, a total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2022-Q2RestatedAnnual report
「First six months of the fiscal year ending March 2022 (1 April 2021 to 30 September 2021) Year-end dividend Total dividends (¥ million) − Dividend per share (¥) −」
Dividends on common shares have continued to be suspended. A total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2022-Q1RestatedAnnual report
「Year-end dividend Total dividends (¥ million) − Dividend per share (¥) −」
Dividends on common shares have continued to be suspended. Meanwhile, a total of ¥1.95 billion, or ¥65,000 per share, was paid on Class A preferred shares. - FY2021-Q1RestatedAnnual report
「Dividends paid on common shares Year-end dividend Total dividends (¥ million) − Dividend per share (¥) −」
No dividend was paid on common shares, and dividends have continued to be forgone until earnings improve. Meanwhile, a total dividend of ¥1.65 billion was paid on Class A preferred shares. - FY2020SoftenedAnnual report
「Regarding the year-end dividend on common shares for the fiscal year ending March 2020, the Board of Directors regrettably decided to forgo the dividend in light of the Group’s current financial position and earnings level.」
Although dividends on common shares were resumed for the fiscal year ended March 2018, the year-end dividend for the fiscal year ended March 2020 was forgone due to the Company’s financial position and earnings level. - FY2020-Q2RestatedAnnual report
「Dividends paid on common shares Year-end dividend Total dividends (¥ million) 1,811 Dividend per share (¥) 20」
Disclosed a year-end dividend of ¥20 per common share, totalling ¥1,811 million, and continued the policy following the resumption of dividends. - FY2019-Q1RestatedAnnual report
「At a Board of Directors meeting held on 11 May 2018, the Company resolved to pay dividends from retained earnings as follows.」
For the common-share dividend whose resumption was resolved in the previous fiscal year, payments were made in June 2018 of ¥20 per common share and ¥45,000 per Class A share. - FY2018AchievedAnnual report
「Operating profit increased for 5 consecutive periods, while profit for the period returned to profitability and increased for the second consecutive period. In light of progress toward improving the financial position so that the Company can steadily generate profit and cash flow, the Company resolved at a Board of Directors meeting on 11 May 2018 to resume dividends on common shares for the first time since the fiscal year ended March 2012.」
In light of improved earnings, resolved to resume dividends on common shares for the first time since the fiscal year ended March 2012. The Company also indicated a policy of targeting a consolidated dividend payout ratio of 30% after the future redemption of Class A shares. - FY2017-Q3RestatedAnnual report
「Amount of dividends paid to shareholders of the parent company －」
No dividends were paid to shareholders of the parent company, and the pre-resumption status continued. - FY2017-Q2RestatedAnnual report
「Amount of dividends paid to shareholders of the parent company －」
No dividends were paid to shareholders of the parent company, and the pre-resumption status continued. - FY2017-Q1RestatedAnnual report
「Amount of dividends paid to shareholders of the parent company －」
No dividends were paid to shareholders of the parent company in the first quarter, and the pre-resumption status continued. - FY2016First statedAnnual report
「The Group recognises that dividends are important to shareholders and plans to resume dividend payments once the Group's performance has improved sufficiently.」
While maintaining a basic policy of stable dividends, the Company did not pay a dividend for the fiscal year ended March 2016 in light of its losses and market conditions, and indicated that payments would resume after earnings improved.