Policy of prioritizing retained earnings and paying no dividends for the foreseeable future
First written in FY2016. 18 of 29 entries say "Restated". Latest entry: 2026-10-14.
9 other companies' latest entry also says "Softened".
- 2026-10-14SoftenedEarnings presentation
「27/5期の期初配当予想は1株13円。これに加え、KDDI社保有株式1,288百万円を取得。安定配当を基本とし、事業‧投資の状況を踏まえた機動的な株主還元を進める。」
前期の5％水準の還元実績から、当期は期初DOE3％を基本とし、業績・slice・投資Exit益などを踏まえて追加還元を検討する表現へ変化した。 - FY2026RaisedAnnual report
「As a result, we propose to pay a dividend of ¥22.00 per share for the fiscal year, comprising an ordinary dividend of ¥18.30 and a special dividend of ¥3.70.」
In addition to the ordinary dividend equivalent to approximately 4% of consolidated shareholders' equity, the Company added a ¥3.70 special dividend funded by the investment returns of slice, expanding total shareholder returns to approximately 5%. - FY2026-H1AdvancedAnnual report
「28 August 2025 Resolution at the Annual General Meeting of Shareholders Common shares 441 18.3 31 May 2025 29 August 2025 Retained earnings」
Based on the shareholder-return policy adopted after shifting away from the previous non-dividend policy, the Company paid a dividend of ¥18.3 per share, totaling ¥441 million. This represented the first dividend paid under its policy toward stable dividends. - FY2025ReframedAnnual report
「Based on this, the Company established the ratio of total dividends and share repurchases to consolidated shareholders' equity as a key shareholder-return metric, and adopted a policy of making stable dividend payments equivalent to at least 3% of consolidated shareholders' equity.」
The Company shifted from its previous policy of paying no dividend and prioritizing retained earnings to a shareholder-return policy including dividends and share repurchases. For FY2025, it plans to pay its first dividend of ¥18.3 per share, with a year-end dividend equivalent to approximately 4% of consolidated shareholders' equity. - FY2024RestatedAnnual report
「Under this policy, the Company paid no dividend for the fiscal year. Going forward, it intends to provide stable and continuous returns to shareholders after strengthening earnings capacity and developing its business base, while taking into account the level of retained earnings and the operating environment surrounding the Company. However, the possibility and timing of dividend payments remain undecided at this time.」
The Company paid no dividend for the fiscal year and continues its policy of leaving the timing of future dividend payments and other details undecided. - FY2023-Q2RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the cumulative second quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2022RestatedAnnual report
「Under this policy, the Company paid no dividend for the fiscal year. Going forward, it intends to provide stable and continuous returns to shareholders after strengthening earnings capacity and developing its business base, while taking into account the level of retained earnings and the operating environment surrounding the Company. However, the possibility and timing of dividend payments remain undecided at this time.」
The Company paid no dividend for the fiscal year and continues its policy of considering future shareholder returns in light of retained earnings, its business base and the operating environment. - FY2022-Q3RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the cumulative third quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2021-Q3RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the cumulative third quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2021-Q2RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the cumulative second quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2020ReframedAnnual report
「With regard to the allocation of profits, we intend to make distributions through the most appropriate method at the most appropriate time, including dividends and share repurchases, after taking into account operating performance and financial position.」
In addition to its previous policy of paying no dividend and prioritizing retained earnings, the Company positioned a capital policy including share repurchases as an appropriate method of capital allocation. - FY2020-Q2RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the cumulative second quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2020-Q1RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the cumulative first quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2019RestatedAnnual report
「Under this policy, the Company paid no dividend for the fiscal year. Going forward, it intends to provide stable and continuous returns to shareholders after strengthening earnings capacity and developing its business base, while taking into account the level of retained earnings and the operating environment surrounding the Company. However, the possibility and timing of dividend payments remain undecided at this time.」
The Company paid no dividend for the fiscal year and continues its policy of leaving the timing of dividend payments and other details undecided. - FY2019-Q3RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative third quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2019-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative second quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2018-Q3RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative third quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2018-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative second quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2018-Q1RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative first quarter of the consolidated fiscal year, and the non-dividend policy remains in place. - FY2017RestatedAnnual report
「Under this policy, the Company paid no dividend for the fiscal year. Going forward, it intends to provide stable and continuous returns to shareholders after strengthening earnings capacity and developing its business base, while taking into account the level of retained earnings and the operating environment surrounding the Company. However, the possibility and timing of dividend payments remain undecided at this time.」
The Company paid no dividend for the fiscal year and continues to prioritize retained earnings and investment in business expansion for the time being. - FY2017-Q3RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative third quarter of the consolidated fiscal year, and the Company remained non-dividend-paying. - FY2017-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative second quarter of the consolidated fiscal year, and the existing policy of prioritizing retained earnings remains in place. - FY2016First statedAnnual report
「We have paid no dividends since our founding and plan to build up retained earnings for the time being.」
The Company prioritized strengthening its financial position and investing in business expansion, and paid no dividend for the fiscal year. The timing of future stable and continuous profit returns remains undecided.