No-dividend policy prioritizing growth investment and strengthening the financial base
First written in FY2016. 25 of 33 entries say "Restated". Latest entry: 2026-07-30.
- FY2026-H1AchievedAnnual report
「25 December 2025 Annual General Meeting of Shareholders Common shares 1,654,622 52.10 30 September 2025 26 December 2025」
For the fiscal year ended September 2025, the company paid a dividend of ¥52.10 per share, totaling ¥1,654,622 thousand, on 26 December 2025. Under its stable dividend policy targeting a 30% payout ratio, the dividend increased from ¥40 per share in the previous fiscal year. - 2026-04-30RaisedEarnings presentation
「It is our policy to provide stable and continuous shareholder returns centered on dividends.」
The company continues to target a payout ratio of 30% and forecasts a dividend per share of ¥68.34 for 30 September 2026. This would be an increase from ¥52.10 in the previous fiscal year. - FY2025RaisedAnnual report
「As its basic policy, the company will continue to pay stable dividends each fiscal year, targeting a payout ratio of 30%, while comprehensively considering future business development, dividends as a return of profits to shareholders, retained earnings to strengthen its ability to respond promptly to business opportunities, and strategic investments for growth.」
After shifting from no dividends to a dividend of ¥40 per share, the company explicitly stated its policy of continuing stable dividends each fiscal year with a target payout ratio of 30%, and plans to increase the dividend for the current fiscal year to ¥52.10 per share. - FY2025-H1RestatedAnnual report
「20 December 2024 Annual General Meeting of Shareholders Common shares 1,270,344 40.00 30 September 2024 23 December 2024 Retained earnings」
For the fiscal year ended September 2024, the company paid a dividend of ¥40 per share, totaling ¥1,270,344 thousand, on 23 December 2024. It has continued paying dividends since the first dividend for FY2023. - FY2024-Q2RestatedAnnual report
「22 December 2023 Annual General Meeting of Shareholders Common shares 1,270,344 40.00 30 September 2023 25 December 2023 Retained earnings」
The company reconfirmed the payment record of ¥1,270,344 thousand in total for the first dividend of ¥40 per share decided for FY2023. - FY2024-Q1AchievedAnnual report
「22 December 2023 Annual General Meeting of Shareholders Common shares 1,270,344 40.00 30 September 2023 25 December 2023 Retained earnings」
The dividend of ¥40 per share decided for FY2023 was paid on 25 December 2023, for a total payment of ¥1,270,344 thousand. The transition from a no-dividend policy to the first dividend was completed with the actual payment. - FY2023ReframedAnnual report
「After comprehensively considering the operating results for the fiscal year and future growth investments, the company set the dividend for the fiscal year, its first-ever dividend, at ¥40 per share.」
The company shifted from a policy of paying no dividends while prioritizing growth investment and retained earnings to a policy of paying its first dividend of ¥40 per share for the fiscal year ending September 2023. It also presented a profit allocation policy that comprehensively considers dividends, retained earnings and incentives for officers and employees. - FY2023-Q3RestatedAnnual report
「1. Dividend payments Not applicable. 2. Dividends with a record date in the cumulative third-quarter period for which the effective date of the dividend falls after the end of the third-quarter consolidated accounting period Not applicable.」
No dividends were paid during the cumulative third-quarter period, and the company continues to pay no dividends. - FY2023-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first-quarter period, and the company continues to pay no dividends. - FY2022RestatedAnnual report
「On the other hand, the company is currently in a growth phase and needs to build retained earnings for future expansion, and therefore does not pay dividends from surplus.」
The company continues to pay no dividends for the year under review, prioritizing retained earnings for growth investment and a stronger financial base. The possibility and timing of initiating dividend payments remain undecided. - FY2022-Q3RestatedAnnual report
「1. Dividend payments Not applicable. 2. Dividends with a record date in the cumulative third-quarter period for which the effective date of the dividend falls after the end of the third-quarter consolidated accounting period Not applicable.」
No dividends were paid during the cumulative third-quarter period, and the company continues to pay no dividends. - FY2022-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second quarter, and the company continues to pay no dividends. - FY2022-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first-quarter period, and the company continues to pay no dividends. - FY2021-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative third-quarter period, and the company continues to pay no dividends. - FY2021-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second quarter, and the company continues to pay no dividends. - FY2021-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first-quarter period, and the company continues to pay no dividends. - FY2020RestatedAnnual report
「On the other hand, the company is currently in a growth phase and needs to build retained earnings for future expansion, and therefore does not pay dividends from surplus.」
The company prioritizes growth and expansion and retained earnings, and did not pay a dividend for the year under review. The possibility and timing of dividends remain undecided. - FY2020-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second quarter, and the company continues to pay no dividends. - FY2020-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first-quarter period, and the company continues to pay no dividends. - FY2019RestatedAnnual report
「On the other hand, the company is currently in a growth phase and needs to build retained earnings for future expansion, and therefore does not pay dividends from surplus.」
The company continues to retain earnings and pay no dividends, prioritizing growth and expansion. - FY2019-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative third-quarter period, and the company continues to pay no dividends. - FY2019-Q2RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividends were paid during the cumulative second quarter, and the company continues to pay no dividends. - FY2019-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative first-quarter period, and the company continues to pay no dividends. - FY2018RestatedAnnual report
「On the other hand, the company is currently in a growth phase and needs to build retained earnings for future expansion, and therefore does not pay dividends from surplus.」
The company continues to retain earnings and pay no dividends, prioritizing business growth and a stronger financial base. The possibility and timing of initiating dividend payments remain undecided. - FY2018-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative third quarter, and the company continues not to pay dividends. - FY2018-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
No dividends were paid during the cumulative second quarter, and the no-dividend policy remains in place. - FY2018-Q1RestatedAnnual report
「1. Dividends paid Not applicable.」
The company disclosed that no dividends were paid during the cumulative first quarter. - FY2017RestatedAnnual report
「On the other hand, the company is currently in a growth phase and needs to build retained earnings for future expansion, and therefore does not pay dividends from surplus.」
The company is prioritizing retained earnings to fund growth investment and strengthen its financial base, and continues not to pay dividends. The possibility and timing of dividends remain undecided. - FY2017-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
The company disclosed that no dividends were paid during the cumulative third quarter. - FY2017-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
The company disclosed that no dividends were paid during the cumulative second quarter. - FY2016First statedAnnual report
「On the other hand, the company is currently in a growth phase and needs to build retained earnings for future expansion, and therefore does not pay dividends from surplus. Going forward, the company plans to make decisions after comprehensively considering its performance, payout ratio and future growth strategy, but the possibility and timing of dividend payments remain undecided at present.」
The company continues to retain earnings for future growth and expansion rather than pay dividends, and has not determined whether dividends will be paid or when.