Policy of prioritizing retained earnings and leaving dividends undecided
First written in FY2017. 18 of 19 entries say "Restated". Latest entry: 2026-10-14.
71 other companies' latest entry also says "Restated".
- 2026-10-14RestatedEarnings
「The amount of the year-end dividend forecast for the fiscal year ending November 2026 has not been determined as of the present time.」
The company continues to leave the year-end dividend forecast for the fiscal year ending November 2026 undetermined. - FY2026-H1RestatedAnnual report
「Not applicable.」
No dividends were paid during the interim consolidated accounting period, and the company remains in a no-dividend position. - FY2025RestatedAnnual report
「The company has not paid dividends since its establishment. Although the company recognizes returning profits to shareholders as an important management issue, it believes that pursuing further business expansion by building retained earnings and using them for investments to strengthen earnings capacity and develop its business foundation will lead to stable and continuous profit returns in the future.」
The company continues to pay no dividends and has reaffirmed its policy of using retained earnings to strengthen earnings capacity, develop its business foundation and support future business expansion. - FY2024-Q2RestatedAnnual report
「Not applicable.」
No dividends were paid during the cumulative second quarter under review, and the company remains without a dividend. - FY2024-Q1RestatedAnnual report
「Not applicable.」
No dividends were paid during the cumulative first quarter under review, and the company remains without a dividend. - FY2023-Q3RestatedAnnual report
「Dividend payments Not applicable.」
No dividends were paid during the cumulative third quarter under review, and the company remains without a dividend. - FY2023-Q2RestatedAnnual report
「Not applicable.」
No dividends were paid during the cumulative second quarter under review, and the company remains without a dividend. - FY2023-Q1RestatedAnnual report
「Not applicable.」
No dividends were paid during the cumulative first quarter under review, and the company remains without a dividend. - FY2022-Q3RestatedAnnual report
「Dividend per share —」
The company did not pay dividends during the cumulative third quarter period and remains in a no-dividend position. - FY2022-Q2RestatedAnnual report
「Not applicable.」
No dividends were paid during the first six months, and the company remains in a no-dividend position. - FY2021RestatedAnnual report
「The company has not paid dividends since its establishment.」
The company continues to pay no dividends and has reaffirmed its policy of using retained earnings for investments to strengthen earnings capacity and develop its business foundation. - FY2021-Q1RestatedAnnual report
「Dividend payments Not applicable」
The company did not pay dividends during the first quarter cumulative period either. - FY2020-Q1RestatedAnnual report
「Dividend payments Not applicable」
The company did not pay dividends during the first quarter cumulative period either. - FY2019RestatedAnnual report
「The Company believes that building up retained earnings and allocating them to investments to strengthen earnings capacity and develop its business base, thereby pursuing further business expansion, will lead to stable and sustainable returns to shareholders in the future.」
The company continues to pay no dividends and has reaffirmed its policy of using retained earnings for investments to strengthen earnings capacity and develop its business foundation. - FY2019-Q3RestatedAnnual report
「Dividend per share (¥): —」
The company continued not to pay dividends during the cumulative third quarter period. - FY2019-Q2RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the cumulative second quarter period, and the company remains in a no-dividend position. - FY2019-Q1RestatedAnnual report
「Dividend payments Not applicable」
No dividends were paid during the first quarter, and the company remains in a no-dividend position. - FY2018RestatedAnnual report
「However, based on the view that prioritizing the development of the business foundation will maximize shareholder value for the time being, the company's basic policy is to build retained earnings as a source of funding for this purpose, and the timing of dividend payments and other details have not been determined as of the present time.」
The company continues to pay no dividends and has reaffirmed its policy of using retained earnings for investments to strengthen earnings capacity and develop its business foundation for the time being. - FY2017First statedAnnual report
「Based on the view that prioritizing the development of the business foundation will maximize shareholder value for the time being, the company's basic policy is to build retained earnings as a source of funding for this purpose, and the timing of dividend payments and other details have not been determined as of the present time.」
The company has paid no dividends since its establishment and prioritizes investments to strengthen earnings capacity and develop its business foundation for the time being as its shareholder return policy.