Policy of no dividends while prioritizing growth investment and retained earnings
First written in FY2017. 22 of 30 entries say "Restated". Latest entry: FY2027-H1.
128 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「24 April 2026 Annual General Meeting of Shareholders Common shares Retained earnings 823 20.00 31 January 2026 27 April 2026」
The company disclosed that it paid total dividends of ¥823 million, or ¥20 per share, for the fiscal year ended January 2026. - 2026-09-10RestatedEarnings presentation
「For the period covered by the previous medium-term management plan (fiscal years ending January 2025 through January 2027), the basic shareholder return policy was to strengthen shareholder returns by paying the lower of a 100% dividend payout ratio or ¥20 per share. For the fiscal year ending January 2028, the Company plans in principle to prioritize growth investment, including IT systems, M&A and human capital investment, while maintaining this dividend policy.」
The policy of paying the lower of a 100% dividend payout ratio or ¥20 per share is reiterated, with plans to maintain it for the fiscal year ending January 2028. - FY2026RestatedAnnual report
「Based on this policy, a dividend of ¥20.00 per share, representing a payout ratio of 97.6%, is planned for the current fiscal year. A dividend of ¥20.00 per share is also planned for the next fiscal year in accordance with the policy described above.」
The company continues the policy for the medium-term management plan period of paying the lower of a 100% payout ratio or ¥20 per share, and plans to pay ¥20 per share in both the current and next fiscal years. - 2026-03-12RestatedResults
「During the period covered by the previous medium-term management plan (February 2024 to January 2027), the policy was to pay the lower of a 100% dividend payout ratio or ¥20 per share. Based on this policy, the Company plans to pay a dividend of ¥20.00 per share for the current fiscal year, representing a dividend payout ratio of 97.6%.」
The shareholder return policy for the medium-term management plan period and the planned dividend of ¥20 per share for the current fiscal year are reiterated. - FY2026-H1RestatedAnnual report
「18 April 2025 Annual General Meeting of Shareholders Common shares Retained earnings 741 20.00 31 January 2025 21 April 2025」
The company disclosed that it paid a total dividend of ¥741 million, or ¥20 per share, for the fiscal year ended January 2025. - FY2025RaisedAnnual report
「For the period of the medium-term management plan, from February 2024 to January 2027, the policy is to pay the lower of a 100% payout ratio or ¥20 per share.」
The company changed from its previous policy of a payout ratio of approximately 20% to a shareholder-return policy for the medium-term management plan period based on the lower of a 100% payout ratio or ¥20 per share. The dividend for the current fiscal year is ¥20 per share, and ¥20 is also planned for the next fiscal year. - FY2025-H1RestatedAnnual report
「19 April 2024 Annual General Meeting of Shareholders Common shares Retained earnings 148 4.00 31 January 2024 22 April 2024」
The company disclosed that it paid a total dividend of ¥148 million, or ¥4 per share, for the fiscal year ended January 2024. - FY2024Explicit 20% payout-ratio policy and ¥4 dividend per shareAnnual report
「Based on the medium-term management plan, the company intends to maintain a stable payout ratio of 20% in line with sustainable growth in earnings per share.」
Regarding its policy of balancing investment for growth and retained earnings with continuing dividends, the company explicitly states a numerical policy of maintaining a stable payout ratio of 20%. The dividend per share for the fiscal year is ¥4, and the payout ratio is 28.4%. - FY2024-Q1RestatedAnnual report
「21 April 2023 Annual General Meeting of Shareholders Common shares Retained earnings 94 2.50 31 January 2023 24 April 2023」
The company disclosed that it paid a total dividend of ¥94 million, or ¥2.5 per share, for the fiscal year ended January 2023. It continued its policy of combining profit reinvestment with stable dividends. - FY2023Increase in dividend per shareAnnual report
「The dividend from retained earnings for the fiscal year is ¥2.5 per share, with a payout ratio of 21.1%.」
Under a policy combining investment for growth and retained earnings with continuing stable dividends, the company increased its dividend per share from ¥2 in the previous fiscal year to ¥2.5. - FY2023-Q3Additional Shareholder Returns Through Share RepurchasesAnnual report
「To enhance shareholder returns through the implementation of agile and flexible capital policies.」
In addition to its previously disclosed dividend policy, the company describes why it positions share buybacks as an agile and flexible capital policy and a means of returning profits to shareholders. - FY2023-Q1Increase in dividend per shareAnnual report
「22 April 2022 Annual General Meeting of Shareholders Common shares Retained earnings 77 2.00 31 January 2022 25 April 2022」
The company paid a total dividend of ¥77 million, or ¥2 per share, for the fiscal year ended January 2022. This increased from ¥1 per share in the previous fiscal year. - FY2022-Q3RestatedAnnual report
「23 April 2021 Annual General Meeting of Shareholders Common shares Retained earnings 38 1.00 31 January 2021 26 April 2021」
The company reiterated that it paid a total dividend of ¥38 million, or ¥1 per share, for the fiscal year ended January 2021. - FY2022-Q2RestatedAnnual report
「23 April 2021 Annual General Meeting of Shareholders Common shares Retained earnings 38 1.00 31 January 2021 26 April 2021」
The company reiterated that it paid a total dividend of ¥38 million, or ¥1 per share, for the fiscal year ended January 2021. - FY2022-Q1Decrease in dividend per shareAnnual report
「23 April 2021 Annual General Meeting of Shareholders Common shares Retained earnings 38 1.00 31 January 2021 26 April 2021」
The company paid a total dividend of ¥38 million, or ¥1 per share, for the fiscal year ended January 2021. The dividend decreased from the ¥3 per share disclosed for the previous fiscal year. - FY2021-Q3RestatedAnnual report
「17 April 2020 Annual General Meeting of Shareholders Common shares Retained earnings 115 3.00 31 January 2020 20 April 2020」
The company reiterated that it paid a total dividend of ¥115 million, or ¥3 per share, for the previous fiscal year. The policy of combining profit reinvestment with stable dividends continued. - FY2021-Q2RestatedAnnual report
「17 April 2020 Annual General Meeting of Shareholders Common shares Retained earnings 115 3.00 31 January 2020 20 April 2020」
The company disclosed that it paid a total dividend of ¥115 million, or ¥3 per share, for the previous fiscal year and continued its policy of combining profit reinvestment with stable dividends. - FY2021-Q1RestatedAnnual report
「17 April 2020 Annual General Meeting of Shareholders Common shares Retained earnings 115 3.00 31 January 2020 20 April 2020」
The company disclosed that it paid a total dividend of ¥115 million, or ¥3 per share, on 20 April 2020 for the previous fiscal year. It continued its policy of combining profit reinvestment with stable dividends. - FY2020RestatedAnnual report
「Our basic policy is to reinvest profits to pursue further business expansion while working to secure and maintain stable dividends for shareholders.」
The company continued its policy of combining profit reinvestment with stable dividends and set the dividend for the fiscal year at ¥3 per share. - FY2020-Q2RestatedAnnual report
「19 April 2019 Annual General Meeting of Shareholders Common shares Retained earnings 112 3.00 31 January 2019 22 April 2019」
The company reiterated that it paid a total dividend of ¥112 million, or ¥3 per share, for the previous fiscal year. The policy of combining profit reinvestment with stable dividends continued. - FY2020-Q1RestatedAnnual report
「19 April 2019 Annual General Meeting of Shareholders Common shares Retained earnings 112 3.00 31 January 2019 22 April 2019」
The company disclosed that it paid a total dividend of ¥112 million, or ¥3 per share, on 22 April 2019 for the previous fiscal year. The policy of combining profit reinvestment with stable dividends continued. - FY2019RestatedAnnual report
「Our basic policy is to reinvest profits to pursue further business expansion while working to secure and maintain stable dividends for shareholders.」
The company continued its policy of combining profit reinvestment with stable dividends and disclosed a dividend of ¥3 per share for the fiscal year. - FY2019-Q3RestatedAnnual report
「20 April 2018 Annual General Meeting of Shareholders Common shares Retained earnings 55 6.00 31 January 2018 23 April 2018」
The company reiterated that it paid a total dividend of ¥55 million, or ¥6 per share, for the previous fiscal year. The policy of combining profit reinvestment with stable dividends continued. - FY2019-Q2RestatedAnnual report
「20 April 2018 Annual General Meeting of Shareholders Common shares Retained earnings 55 6.00 31 January 2018 23 April 2018」
The company reiterated that it paid a total dividend of ¥55 million, or ¥6 per share, for the previous fiscal year. The policy of combining profit reinvestment with stable dividends continued. - FY2019-Q1RestatedAnnual report
「20 April 2018 Annual General Meeting of Shareholders Common shares Retained earnings 55 6.00 31 January 2018 23 April 2018」
The company disclosed that it paid a dividend of ¥6 per share, totalling ¥55 million, on 23 April 2018 for the previous fiscal year. This indicates that the policy of combining profit reinvestment with stable dividends continued. - FY2018ReframedAnnual report
「Our basic policy is to reinvest profits to pursue further business expansion while working to secure and maintain stable dividends for shareholders.」
The company has shifted from its previous explanation prioritising no dividends and retained earnings to a policy that also states its intention to reinvest profits and secure and maintain stable dividends, and paid a dividend of ¥6 per share for the fiscal year. - FY2018-Q3RestatedAnnual report
「Dividend per share (yen) —」
The company continues to disclose that there is no dividend per share for the cumulative period of the third quarter. - FY2018-Q2RestatedAnnual report
「Dividend payments Not applicable.」
No dividends were paid during the cumulative period of the second quarter, and the company remains without dividends. - FY2018-Q1RestatedAnnual report
「No per-share dividend is disclosed because the company has not paid dividends.」
The company continues to make disclosures consistent with its previous dividend policy of not paying dividends and prioritising retained earnings and other measures. - FY2017First statedAnnual report
「We are not paying dividends because we view investments aimed at strengthening our financial position and expanding the business as near-term priorities in order to provide long-term returns to shareholders. Accordingly, the possibility and timing of dividend payments remain undecided, and we are currently working to build up retained earnings.」
The company prioritises investment in strengthening its financial position and expanding the business, as well as retained earnings, for the time being, and has stated that the timing of dividend payments remains undecided.