Policy of Retaining Earnings and Paying No Dividends While Prioritizing Business Foundation Development
First written in FY2023. 1 of 3 entries say "Restated". Latest entry: FY2024-Q2.
1 other company's latest entry also says "Dropped".
- FY2024-Q2DroppedAnnual report
「As stated in the notice concerning the change in the shareholder return policy and the revision of the dividend forecast (commemorative dividend and initial dividend) announced on 23 August 2023, the Company plans to begin paying dividends from the fiscal year (the consolidated fiscal year from 1 April 2023 to 31 March 2024). Accordingly, the section “(20) Dividend Policy” included in the annual securities report for the previous fiscal year no longer applies.」
The previous dividend policy of paying no dividends while prioritizing the development of the business base ceased to apply following the change to a policy of beginning dividend payments from the current fiscal year. - FY2024-Q1RestatedAnnual report
「Dividend payments Not applicable」
The Company states that it did not pay a dividend in the first quarter. - FY2023First statedAnnual report
「For the time being, we intend to make the accumulation of retained earnings, which will provide the funds for this purpose, our basic policy, based on the view that prioritizing the development of the business base will contribute to maximizing shareholder value. Accordingly, we did not pay a dividend for the fiscal year.」
The Company has no dividend payment record since its establishment. For the time being, it is prioritizing the development of its business base and the accumulation of retained earnings, and has not determined when dividend payments will begin.