No-Dividend Policy Prioritizing Retained Earnings
First written in FY2017. 10 of 24 entries say "Restated". Latest entry: FY2026.
5 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「The Company regards returning profits to shareholders as one of its highest management priorities. While securing retained funds to support future business development and strengthen its management base, its basic policy is to pay stable and continuous dividends, and from the current fiscal year it has raised its consolidated dividend on equity (DOE) target from the previous 2.0% to 2.5%. … The year-end dividend for the current fiscal year is ¥23 per share. … For its dividend policy for the next fiscal year ending June 2027, the Company plans an ordinary dividend of ¥24 per share.」
The Company indicated a policy of raising its DOE target from 2.0% to 2.5%, paying a dividend of ¥23 per share for the current fiscal year and an ordinary dividend of ¥24 per share for the next fiscal year. - FY2026-H1AchievedAnnual report
「25 September 2025 Annual General Meeting of Shareholders Common shares 106,995 22 30 June 2025 26 September 2025 Retained earnings」
The Company paid the previously planned dividend of ¥22 per share, totaling ¥106.995 million, on 26 September 2025. - FY2025RaisedAnnual report
「The Company regards returning profits to shareholders as one of its highest management priorities. While securing retained funds to support future business development and strengthen its management base, its basic policy is to pay stable and continuous dividends, with a consolidated dividend on equity (DOE) target of 2.0%. … In addition, the forecast year-end dividend for the next fiscal year is an ordinary dividend of ¥22 per share, with the DOE target raised to 2.5%.」
The Company raised its DOE target from 2.0% in the previous fiscal year to 2.5% for the next fiscal year, and plans to pay ¥22 per share for the current fiscal year, including the commemorative dividend marking its 25th anniversary, and an ordinary dividend of ¥22 per share for the next fiscal year. - FY2025-H1RestatedAnnual report
「Common shares 68,695 14 30 June 2024 27 September 2024 Retained earnings」
The Company disclosed that it paid a total of ¥68.695 million on 27 September 2024 for the ¥14-per-share dividend determined for FY2024. - FY2024RaisedAnnual report
「The Company regards returning profits to shareholders as one of its highest management priorities. While securing retained funds to support future business development and strengthen its management base, its basic policy is to pay stable and continuous dividends, with a consolidated dividend on equity (DOE) target of 1.5%. … In addition, the forecast year-end dividend for the next fiscal year is ¥16 per share, with the DOE target raised to 2.0%.」
The Company indicated a policy of paying a dividend of ¥14 per share for the current fiscal year, raising the DOE target for the next fiscal year from 1.5% to 2.0%, and paying a dividend of ¥16 per share for the next fiscal year. - FY2024-Q2RestatedAnnual report
「Common shares ¥58.709 million ¥12 30 June 2023 29 September 2023 Retained earnings」
Reiterates that the ¥58.709 million dividend, or ¥12 per share, decided for FY2023 was paid on 29 September 2023. - FY2024-Q1RestatedAnnual report
「Common shares ¥58.709 million ¥12 30 June 2023 29 September 2023 Retained earnings」
Discloses that, based on the initial dividend policy presented for FY2023, a dividend of ¥58.709 million, or ¥12 per share, was actually paid. - FY2023RaisedAnnual report
「The Company regards the distribution of profits to shareholders as one of its most important management priorities and, while securing retained earnings to support future business development and strengthen its management foundation, has adopted a basic policy of paying stable and continuous dividends, using a consolidated dividend on equity (DOE) of 1.5% as a guideline.」
Shifted from the previous policy of no dividends since establishment and emphasis on retained earnings to a stable and continuous dividend policy using DOE of 1.5% as a guideline, and paid an initial dividend of ¥12 per share. - FY2023-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
States that no dividends were paid during the current first-quarter cumulative consolidated period. - FY2022-Q3RestatedAnnual report
「First nine months of the current fiscal year 1. Dividend payments None」
States that no dividends were paid during the current third-quarter cumulative consolidated period. - FY2021RestatedAnnual report
「In consideration of its operating results and financial position, the Company has not paid dividends since its establishment in order to build retained earnings. The Company plans to use retained earnings effectively to strengthen its financial position for the long-term stability of its management foundation and to achieve continued expansion and development of its business.」
Continues the policy of no dividends since establishment and using retained earnings to strengthen the financial position and expand the business. - FY2021-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
States that no dividends were paid during the current third-quarter cumulative consolidated period. - FY2020RestatedAnnual report
「Accordingly, in consideration of its operating results and financial position, the Company has not paid dividends since its establishment in order to build retained earnings. The Company plans to use retained earnings effectively to strengthen its financial position for the long-term stability of its management foundation and to achieve continued expansion and development of its business.」
Continues the policy of no dividends since establishment and using retained earnings to strengthen the financial position and expand the business. - FY2019-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
States that no dividends were paid during the current third-quarter cumulative consolidated period. - FY2018SoftenedAnnual report
「Going forward, the Company plans to consider returning profits to shareholders while taking into account the financial position and operating results for each fiscal year, but the possibility and timing of dividend payments remain undecided as of the present time.」
The Company maintains its policy of no dividends since establishment and emphasis on retained earnings, while explicitly stating its policy of considering future returns to shareholders, thereby weakening the expression of its no-dividend policy going forward. - FY2018-Q3RestatedAnnual report
「Dividend payments Not applicable.」
States that no dividends were paid during the current third-quarter cumulative consolidated period. - FY2017First statedAnnual report
「In consideration of its operating results and financial position, the Company has not paid dividends since its establishment in order to build retained earnings. The Company plans to use retained earnings effectively to strengthen its financial position for the long-term stability of its management foundation and to achieve continued expansion and development of its business.」
Discloses a capital allocation policy of maintaining the no-dividend policy since establishment and using retained earnings to strengthen its financial position and expand the business.