Priority on growth investment through continued non-payment of dividends and the use of retained earnings
First written in FY2024. 3 of 5 entries say "Restated". Latest entry: 2026-10-15.
71 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Dividend payments Not applicable」
The company has reconfirmed that no dividends were paid during the current interim consolidated accounting period. - FY2025ReframedAnnual report
「The company's basic policy is to distribute profits in line with business performance. While securing retained earnings for future business expansion and strengthening its corporate foundation, the company determines distributions after comprehensively considering business performance, the dividend payout ratio and other factors. At present, the company believes that investment is needed to strengthen its financial position and grow its business, and has therefore not paid dividends to date.」
In addition to its previous explanation that it would continue not to pay dividends and would prioritise growth investments, the company has revised its wording to state a basic policy of treating shareholder returns as an important issue and considering stable dividends based on business performance and the dividend payout ratio. However, no dividend will be paid for the current fiscal year either. - FY2024First statedAnnual report
「At present, we believe that investment is needed to strengthen our financial position and grow the business, and we have not paid dividends to date. Our policy is to use retained earnings to strengthen our financial position and invest in business growth, including the development of new services and expansion of our workforce.」
The company has clearly stated a capital allocation policy of retaining earnings for growth investments, including strengthening its financial position, developing new services and expanding its workforce, without paying dividends.