No-Dividend Policy Prioritizing Retained Earnings
First written in FY2023. 7 of 9 entries say "Restated". Latest entry: FY2026.
11 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Accordingly, the timing of dividend payments remains undecided. At the same time, with a view to pursuing a disciplined capital policy suited to the business environment, we will consider and implement share repurchases as an effective shareholder return measure when appropriate, while maintaining strong cash liquidity and remaining mindful of capital efficiency.」
While continuing its policy of paying no dividends and prioritizing retained earnings, the company has added a policy of considering and implementing share repurchases as a shareholder return measure. - 2026-05-14RestatedEarnings
「Fiscal year ending March 2027 (forecast) ... Year-end 0.00 ... Total 0.00」
The annual dividend forecast for the fiscal year ending March 2027 remains ¥0.00, and the Company remains without a dividend. - FY2026-H1RestatedAnnual report
「The dividend per share is not stated because no dividend has been paid.」
No dividend was paid during the interim accounting period, and the company remains in a no-dividend position. - FY2025-H1RestatedAnnual report
「The dividend per share is not presented because no dividend was paid.」
No dividend was paid during the interim accounting period, and the company remains in a no-dividend position. - FY2024RestatedAnnual report
「Accordingly, the company has paid no dividends since its establishment and plans to build retained earnings for the time being. In the future, it plans to consider returning profits to shareholders while taking the operating results of each fiscal year into account. However, as of the present time, the possibility and timing of dividend payments remain undecided.」
The company has reaffirmed its policy of continuing not to pay dividends and, for the time being, allocating retained earnings to business expansion, efficiency improvements and strengthening its financial position. - FY2024-Q3RestatedAnnual report
「The dividend per share is not presented because no dividend was paid.」
No dividend was paid for the cumulative third-quarter period, and the company remains in a no-dividend position. - FY2024-Q2RestatedAnnual report
「The dividend per share is not presented because no dividend was paid.」
No dividend was paid for the cumulative second-quarter period, and the no-dividend policy remains in place. - FY2024-Q1RestatedAnnual report
「The dividend per share is not presented because no dividend was paid.」
No dividend was paid in the first quarter, and the company remains in a no-dividend position. - FY2023First statedAnnual report
「Accordingly, we have paid no dividends since our founding and intend to build retained earnings for the time being.」
The company prioritizes investment in business expansion and efficiency improvements and the strengthening of its financial position, and has a policy of not paying dividends for the time being. The timing of future shareholder returns remains undecided.