Prioritizing Retained Earnings and Considering Future Dividends
First written in FY2023. 3 of 6 entries say "Restated". Latest entry: 2026-10-15.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- 2026-10-15RestatedEarnings
「Fiscal year ending May 2027 (forecast) 0.00 － 0.00 0.00」
The interim, year-end and annual dividend forecasts for the fiscal year ending May 2027 are all ¥0.00, unchanged from the most recent dividend forecast. - FY2026SoftenedAnnual report
「The Company has not paid dividends since its founding, prioritising the retention of the internal reserves necessary for future business development and the strengthening of its financial position. However, because it regards the return of profits to shareholders as an important management issue, it plans to consider paying dividends to shareholders in the future while taking into account its operating performance, financial position and progress in achieving its business plans.」
The wording presented in the previous fiscal year, stating that the basic policy was to return profits to shareholders, has not been repeated. Instead, the Company has reverted to its previous wording, prioritising retained earnings and considering dividends in the future. The possibility and timing of dividend payments remain undecided. - 2026-07-14RestatedEarnings
「Fiscal year ended May 2026 － 0.00 － 0.00 0.00」
The dividend for the fiscal year ended May 2026 was ¥0.00, and the forecast for the fiscal year ending May 2027 is also ¥0.00. - FY2025ReframedAnnual report
「The Company's basic dividend policy is to return profits to shareholders after taking into account retained earnings needed to maintain a sound financial position, strengthen earning power and prepare for the development of its business base. However, as of the present time, the possibility and timing of future dividend payments remain undecided.」
In addition to the previous wording prioritising retained earnings, the Company explicitly stated that returning profits to shareholders is its basic policy. The possibility and timing of dividend payments remain undecided. - FY2024RestatedAnnual report
「We have not paid dividends since our founding, prioritising the retention of earnings necessary for future business development and strengthening our financial position.」
The Company continues to prioritise retained earnings and plans to consider paying dividends in the future. - FY2023First statedAnnual report
「The Company has not paid dividends since its founding, prioritising the retention of the internal reserves necessary for future business development and the strengthening of its financial position. However, because it regards the return of profits to shareholders as an important management issue, it plans to consider paying dividends to shareholders in the future while taking into account its operating performance, financial position and progress in achieving its business plans.」
The possibility and timing of dividend payments remain undecided as of the filing date.