Policy of paying no dividends while prioritizing research and development in water-related businesses and retained earnings
First written in FY2016. 5 of 16 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2026-H1.
0 other companies' latest entry also says "Raised".
- FY2026-H1RaisedAnnual report
「① Total dividend amount ¥244.164 million ② Dividend per share ¥35 ③ Record date 30 June 2025 ④ Effective date 26 September 2025」
The dividend per share was increased from ¥34 in the previous fiscal year to ¥35, and payment was made in the total amount of ¥244.164 million. - FY2025-H1AchievedAnnual report
「① Total dividend amount ¥237.833 million ② Dividend per share ¥34 ③ Record date 30 June 2024 ④ Effective date 27 September 2024」
For the ¥34 per share dividend decided in FY2024, the company confirmed that payment was made in the total amount of ¥237.833 million, with 27 September 2024 as the effective date. - FY2024RaisedAnnual report
「While remaining focused on improving profitability and capital efficiency, the company will make growth investments for the future and maintain stable, continuous dividends for shareholders as the basis of its profit allocation policy. It intends to continue implementing a dividend payout ratio of at least 20% and progressive dividends.」
The company changed from a policy of considering the balance with retained earnings to a policy explicitly stating a dividend payout ratio of at least 20% and progressive dividends from the fiscal year ending June 2025. The dividend per share for the fiscal year ended June 2024 also increased from ¥23 to ¥34. - FY2024-Q1AchievedAnnual report
「① Total dividend amount ¥162.131 million ② Dividend per share ¥23 ③ Record date 30 June 2023 ④ Effective date 29 September 2023」
For the ¥23 per share dividend decided in the previous fiscal year, payment was made in the total amount of ¥162.131 million, with 29 September 2023 as the effective date. - FY2023RaisedAnnual report
「For the dividend at the end of the current fiscal year, the company decided to pay a dividend of ¥23.0 per share under the basic policy described above.」
The dividend per share was increased from ¥20 in the previous fiscal year to ¥23. The company also stated its policy of continuing to invest in existing businesses, new businesses and overseas operations while considering the balance with retained earnings. - FY2023-Q1AchievedAnnual report
「Matters concerning dividends on common shares ① Total dividend amount ¥140.984 million ② Dividend per share ¥20 ③ Record date 30 June 2022 ④ Effective date 29 September 2022」
For the ¥20 per share dividend decided in the previous fiscal year, the company confirmed that payment was made in the total amount of ¥140.984 million, with 29 September 2022 as the effective date. - FY2022RaisedAnnual report
「For the dividend at the end of the current fiscal year, the company decided to pay a dividend of ¥20.0 per share under the basic policy described above.」
The dividend per share was increased from ¥15 in the previous fiscal year to ¥20. While considering the balance with retained earnings, the company intends to continue investing in existing businesses, new businesses and overseas operations. - FY2022-Q1RestatedAnnual report
「① Total dividend amount ¥105.738 million ② Dividend per share ¥15 ③ Record date 30 June 2021 ④ Effective date 29 September 2021」
For the ¥15 per share dividend increased from the previous fiscal year, the company confirmed that payment was made in the total amount of ¥105.738 million, with 29 September 2021 as the effective date. - FY2021RaisedAnnual report
「For the dividend at the end of the current fiscal year, the company decided to pay a dividend of ¥15.0 per share under the basic policy described above.」
The dividend was increased from ¥10 per share in the previous fiscal year to ¥15. While considering the balance with retained earnings, the company intends to continue investing in the expansion of existing businesses, the development of its management platform, new businesses and overseas operations. - FY2021-Q3RestatedAnnual report
「① Total dividend amount ¥69.292 million ② Dividend per share ¥10 ③ Record date 30 June 2020 ④ Effective date 30 September 2020」
For the ¥10 per share dividend, the first since listing, the company reconfirmed the total dividend amount of ¥69.292 million and the effective date. - FY2021-Q1RestatedAnnual report
「At the Annual General Meeting of Shareholders held on 29 September 2020, the following resolution was adopted. Matters concerning dividends on common shares…… ① Total dividend amount: ¥69.292 million ② Dividend per share: ¥10…… ④ Effective date: 30 September 2020」
For the ¥10 per share dividend, the first since listing, the company confirmed the payment details, consisting of a total dividend of ¥69.292 million, with 30 September 2020 as the effective date. - FY2020AchievedAnnual report
「As a result, the company secured distributable profit for the first time since its listing. …… For the dividend at the end of the current fiscal year, the company decided to pay a dividend of ¥10.0 per share under the basic policy described above.」
The company moved from its previous no-dividend policy to paying a year-end dividend of ¥10 per share after securing distributable profit for the first time since its listing. - FY2019RestatedAnnual report
「However, the company recorded a net loss for the current fiscal year, leaving retained earnings in a deficit position. Going forward, it will work to improve performance continuously, build retained earnings necessary for business expansion and development, and enable the early resumption of dividends and stable, continuous dividend payments.」
Although the deficit was offset, the company recorded a net loss on a non-consolidated basis and continues not to pay dividends. The policy of aiming to resume dividend payments at an early date remains unchanged. - FY2019-Q1AchievedAnnual report
「Pursuant to a resolution at the 14th Annual General Meeting of Shareholders held on 27 September 2018, the company reduced its capital reserve by ¥647.485 million on the same date under Article 448, Paragraph 1 of the Companies Act and transferred the amount to other capital surplus. On the same date, under Article 452 of the Companies Act, it reduced other capital surplus by ¥647.485 million, transferred the amount to retained earnings and offset the deficit.」
The reduction of the capital reserve, transfer of surplus and offsetting of the deficit described in the previous fiscal year as prerequisites for establishing a dividend framework were carried out. - FY2018AdvancedAnnual report
「The company decided to reduce its capital reserve and dispose of surplus in order to offset the deficit in retained earnings, establish a dividend framework and secure flexibility in future capital policy.」
Although the company continues not to pay dividends, the shareholders’ meeting approved the transfer of ¥647,485,957 from the capital reserve to other capital surplus and the use of the same amount to offset the deficit in retained earnings, laying the groundwork for an early resumption of dividend payments. - FY2016First statedAnnual report
「Going forward, the company intends to pay stable and continuous dividends while securing funds for research and development to expand its water-related business and retained earnings to strengthen its financial position. For the current fiscal year, however, the company decided, with great regret, to continue paying no dividend, as in the previous fiscal year, in order to support future business development and build retained earnings.」
While identifying shareholder returns as an important issue, the company is prioritising investment in its water-related business and retained earnings.