Policy of no dividends while prioritizing growth investment and retained earnings
First written in FY2016. 20 of 32 entries say "Restated". Latest entry: FY2026.
14 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company paid an interim dividend of ¥12 per share and plans to pay a year-end dividend of ¥12 per share. As a result, the annual dividend is expected to be ¥24 per share, and the dividend payout ratio for the fiscal year under review is expected to be 43.2%.」
Under its policy of stable and continuous dividends, the annual dividend is expected to increase from ¥23 in the previous fiscal year to ¥24. - FY2026-H1AdvancedAnnual report
「27 June 2025 Annual General Meeting of Shareholders Common shares 180,691 23 31 March 2025 30 June 2025 Retained earnings」
The dividend per share for the fiscal year ended March 2025 was ¥23, up from ¥22 in the previous fiscal year. - FY2025-H1RestatedAnnual report
「27 June 2024 Annual General Meeting of Shareholders Common shares 172,834 22 31 March 2024 28 June 2024 Retained earnings」
The company disclosed a dividend payment of ¥22 per share, totaling ¥172.834 million, for the fiscal year ended March 2024, confirming the implementation of its policy of stable and continuous dividends. - FY2024AdvancedAnnual report
「For dividends for the fiscal year under review, we decided to pay a dividend of ¥22 per share in accordance with the above policy. As a result, the dividend payout ratio for the fiscal year under review was 38.9%.」
Under its policy of stable and continuous dividends, the dividend per share increased from ¥21 in the previous fiscal year to ¥22, and the dividend payout ratio was 38.9%. - FY2024-Q2RestatedAnnual report
「29 June 2023 Annual General Meeting of Shareholders Common shares 164,978 21 31 March 2023 30 June 2023 Retained earnings」
The company disclosed a dividend payment of ¥21 per share, totaling ¥164.978 million, for the fiscal year ended March 2023, reaffirming its policy of stable and continuous dividends. - FY2024-Q1RestatedAnnual report
「29 June 2023 Annual General Meeting of Shareholders Common shares 164,978 21 31 March 2023 30 June 2023 Retained earnings」
The company paid a dividend of ¥21 per share, totaling ¥164.978 million, for the fiscal year ended March 2023, confirming the implementation of its policy of stable and continuous dividends. - FY2023AdvancedAnnual report
「For dividends for the fiscal year under review, we decided to pay a dividend of ¥21 per share in accordance with the above policy. As a result, the dividend payout ratio for the fiscal year under review was 79.9%.」
Under its policy of stable and continuous dividends, the dividend per share increased from ¥10 in the previous fiscal year to ¥21, and the dividend payout ratio was 79.9%. - FY2023-Q3RestatedAnnual report
「29 June 2022 Annual General Meeting of Shareholders Common shares 78,584 10 31 March 2022 30 June 2022 Retained earnings」
The company reiterated its dividend payment of ¥10 per share, totaling ¥78.584 million, for the fiscal year ended March 2022, confirming the implementation of its policy of stable and continuous dividends. - FY2023-Q2RestatedAnnual report
「29 June 2022 Annual General Meeting of Shareholders Common shares 78,584 10 31 March 2022 30 June 2022 Retained earnings」
The company disclosed a dividend payment of ¥10 per share, totaling ¥78.584 million, for the fiscal year ended March 2022, reaffirming its policy of stable and continuous dividends. - FY2023-Q1AdvancedAnnual report
「29 June 2022 Annual General Meeting of Shareholders Common shares 78,584 10 31 March 2022 30 June 2022 Retained earnings」
The dividend per share for the fiscal year ended March 2022 was ¥10, up from ¥9 in the previous fiscal year. This represents the dividend performance under the policy of stable and continuous dividends. - FY2022-Q3RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 70,879 9 31 March 2021 30 June 2021 Retained earnings」
The company disclosed a dividend payment of ¥9 per share, totaling ¥70.879 million, for the fiscal year ended March 2021, reaffirming its policy of stable and continuous dividends. - FY2022-Q2RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 70,879 9 31 March 2021 30 June 2021 Retained earnings」
The company paid a dividend of ¥9 per share, totaling ¥70.879 million, for the fiscal year ended March 2021, reaffirming its policy of stable and continuous dividends. - FY2022-Q1RestatedAnnual report
「29 June 2021 Annual General Meeting of Shareholders Common shares 70,879 9 31 March 2021 30 June 2021 Retained earnings」
The company paid a dividend of ¥9 per share, totaling ¥70.879 million, for the fiscal year ended March 2021, reaffirming its policy of stable and continuous dividends. - FY2021RestatedAnnual report
「With respect to profit distribution, our basic policy is to maintain stable and continuous dividends, taking a comprehensive view of business performance, the dividend payout ratio and other factors, while securing the retained earnings necessary for future business development and strengthening our management foundation in light of business trends. The decision-making bodies for dividends are the Annual General Meeting of Shareholders for year-end dividends and the Board of Directors for interim dividends. For dividends for the fiscal year under review, we decided to pay a dividend of ¥9 per share in accordance with the above policy. As a result, the dividend payout ratio for the fiscal year under review was 31.8%.」
The company continued its policy of stable and continuous dividends. The dividend per share was ¥9, unchanged from the previous fiscal year, and the dividend payout ratio was 31.8%. - FY2021-Q3RestatedAnnual report
「26 June 2020 Annual General Meeting of Shareholders Common shares 70,879 9 31 March 2020 29 June 2020 Retained earnings」
The Company discloses payment of dividends of ¥9 per share, totalling ¥70,879 thousand, for the fiscal year ended March 2020, reaffirming implementation of its stable and ongoing dividend policy. - FY2021-Q1RestatedAnnual report
「26 June 2020 Annual General Meeting of Shareholders Common shares 70,879 9 31 March 2020 29 June 2020 Retained earnings」
The Company discloses payment of dividends of ¥9 per share, totalling ¥70,879 thousand, for the fiscal year ended March 2020, confirming implementation of its stable and ongoing dividend policy. - FY2020AdvancedAnnual report
「With respect to dividends for the current fiscal year, the Company decided, in accordance with the policy described above, to pay a dividend of ¥9 per share. As a result, the payout ratio for the current fiscal year was 243.9%.」
Under the stable and ongoing dividend policy, the dividend per share increased from ¥8 in the previous fiscal year to ¥9. The payout ratio was 243.9%. - FY2020-Q1AdvancedAnnual report
「27 June 2019 Annual General Meeting of Shareholders Common shares 63,157 8 31 March 2019 28 June 2019 Retained earnings」
The dividend per share for the fiscal year ended March 2019 was ¥8, up from ¥7 in the previous fiscal year. This shows the dividend record under the policy of maintaining stable and ongoing dividends while securing retained earnings. - FY2019-Q3RestatedAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares 54 7 31 March 2018 29 June 2018 Retained earnings」
The Company restates that it paid a dividend of ¥7 per share, totalling ¥54 million, for the fiscal year ended March 2018. - FY2019-Q2RestatedAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares 54 7 31 March 2018 29 June 2018 Retained earnings」
The Company restates that it paid a dividend of ¥7 per share, totalling ¥54 million, for the fiscal year ended March 2018. - FY2019-Q1RestatedAnnual report
「28 June 2018 Annual General Meeting of Shareholders Common shares 54 7 31 March 2018 29 June 2018 Retained earnings」
The Company discloses payment of a dividend of ¥7 per share, totalling ¥54 million, for the fiscal year ended March 2018, confirming implementation of its stable and ongoing dividend policy. - FY2018AdvancedAnnual report
「With respect to dividends for the current fiscal year, the Company decided, in accordance with the policy described above, to pay a dividend of ¥7 per share. As a result, the payout ratio for the current fiscal year was 17.4%.」
Under its policy of maintaining stable and ongoing dividends while securing retained earnings, the dividend increased from ¥6 per share and a payout ratio of 13.8% in the previous fiscal year to ¥7 and 17.4%, respectively. - FY2018-Q3RestatedAnnual report
「Dividend payment amount (resolution) Class of shares Total dividends Dividend per share Record date Effective date Source of dividends 29 June 2017 Annual General Meeting of Shareholders Common shares 46 6 31 March 2017 30 June 2017 Retained earnings」
The Company restates the dividend of ¥6 per share, totalling ¥46 million, for the fiscal year ended March 2017, confirming implementation based on a stable and ongoing dividend policy. - FY2018-Q2RestatedAnnual report
「Total dividends 46 Dividend per share 6 31 March 2017 30 June 2017 Retained earnings」
The Company discloses payment of dividends of ¥6 per share, totalling ¥46 million, for the fiscal year ended March 2017, reaffirming the implementation of a stable and ongoing dividend policy. - FY2017ReframedAnnual report
「The Company's basic policy on profit allocation is to maintain stable and ongoing dividend payments, while taking a comprehensive view of operating performance, the payout ratio and other factors, and securing the retained earnings necessary for future business development and to strengthen the management base in light of the trend in business performance.」
The policy has changed from explaining no dividends and prioritising retained earnings since establishment to paying stable and ongoing dividends while securing retained earnings. A dividend of ¥6 per share was paid for the current fiscal year, resulting in a payout ratio of 13.8%. - FY2017-Q3RestatedAnnual report
「Not applicable.」
No dividends were paid during the third quarter cumulative period, and there is no disclosure of dividends with a record date falling within that period. - FY2017-Q2RestatedAnnual report
「Not applicable.」
For the second quarter cumulative period, there is no disclosure of dividend payments or of dividends with a record date falling within that period. - FY2017-Q1RestatedAnnual report
「Not applicable.」
The Company discloses that no dividends were paid during the first quarter cumulative period of the current fiscal year. - FY2016First statedAnnual report
「However, as the Company is still in the growth stage, it has paid no dividends since its establishment, and has also made no dividend payment for the current fiscal year, in order to build retained earnings needed for future business development and to strengthen its management base.」
While leaving open the possibility of paying dividends in the future, the Company is prioritising the accumulation of retained earnings in the current fiscal year.