No Dividends for the Time Being and Priority Given to Retained Earnings
First written in FY2023. 4 of 6 entries say "Restated". Latest entry: 2026-10-15.
129 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Dividend per share (yen) —」
No dividends were paid during the interim accounting period. - FY2025RestatedAnnual report
「We have not paid dividends since our establishment, but recognize the return of profits to shareholders as an important management priority. However, we believe that, as a company in the growth phase, allocating funds to strengthen retained earnings and invest in business expansion will lead to the return of profits to shareholders. Although our policy is to return profits to shareholders in the future while taking into account the business environment and financial position, the possibility and timing of dividend payments remain undecided at present.」
The explanation continues to state that retained earnings and investment in business expansion will be prioritized, with future returns to shareholders set out as a policy but the timing of dividend payments and other details remaining undecided. - FY2024SoftenedAnnual report
「Although our policy is to return profits to shareholders in the future while taking into account the business environment and financial position, the possibility and timing of dividend payments remain undecided at present.」
While the policy of prioritizing retained earnings and investment in business expansion remains in place, a policy of returning profits to shareholders in the future has been stated, while the possibility and timing of dividend payments remain undecided. - FY2023First statedAnnual report
「We have paid no dividends since our founding and plan to build up retained earnings for the time being.」
A capital allocation policy prioritizing growth investment and strengthening retained earnings by not paying dividends for the time being is expressly stated.