Policy of prioritizing retained earnings and considering future dividends
First written in FY2018. 2 of 9 entries say "Achieved", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2017: 1 of 12 companies on the "Worse" side.
7 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Based on this policy, the company has paid dividends for 3 consecutive fiscal years since the fiscal year ended July 2024.」
The company has paid dividends for 3 consecutive fiscal years since the fiscal year ended July 2024, and the dividend per share for the fiscal year was ¥30. - FY2025RaisedAnnual report
「The dividend from retained earnings for the fiscal year is ¥18 per share.」
The company increased the dividend from ¥15 per share in the previous fiscal year to ¥18 and indicated a policy of continuing to pay dividends. - FY2025-H1AchievedAnnual report
「This was mainly due to expenditures of ¥126.060 million for the repayment of long-term borrowings and dividend payments of ¥22.576 million.」
The company discloses that it paid ¥22.576 million in dividends during the current interim consolidated accounting period in respect of the dividend it had stated it would pay for the first time in FY2024. - FY2024AchievedAnnual report
「The Group has viewed building retained earnings as an important priority in strengthening its financial position for long-term stability and pursuing the continued development of its business. Although it had never paid cash dividends, in anticipation of future earnings growth, the Group has decided to pay its first dividend as part of its shareholder return policy.」
The company shifted away from its no-dividend policy since establishment and explicitly stated its policy of paying the Group's first dividend. The dividend was set at ¥15 per share. - FY2022Dispersed disclosure of dividend policyAnnual report
「The company plans to consider future dividends to shareholders comprehensively based on trends in results of operations, its financial position and future business and investment plans, while balancing them against retained earnings. However, the feasibility and timing of payments remain undecided at present.」
The company continues not to pay dividends and leaves the timing of payments undecided. The dividend policy states that results of operations, its financial position and investment plans will be considered comprehensively, while the Business Risks section states that the basic policy is to pay dividends linked to increases in earnings. - FY2021Restatement of earnings-linked dividend policyAnnual report
「The company has never paid cash dividends. Its basic policy for future dividends to shareholders is to pay dividends linked to increases in earnings while maintaining a balance with retained earnings. However, the possibility and timing of dividends remain undecided at present.」
While continuing not to pay dividends and leaving the timing of payments undecided, the company reverted from the previous year's wording of considering dividends comprehensively to stating that its basic policy is to pay dividends linked to increases in earnings. - FY2020SoftenedAnnual report
「The company has never paid cash dividends. Its policy is to consider future dividends to shareholders comprehensively based on trends in results of operations, its financial position and future business and investment plans, while balancing them against retained earnings. However, the feasibility and timing of payments remain undecided at present.」
The company continues to state that it will not pay dividends and that the timing of future payments is undecided, but changed the previous wording from dividends linked to increases in earnings to wording stating that dividends will be considered comprehensively, making the conditions for payment less specific. - FY2019Clarification of dividend policyAnnual report
「The company has never paid cash dividends. Its basic policy for future dividends to shareholders is to pay dividends linked to increases in earnings while maintaining a balance with retained earnings. However, the possibility and timing of dividends remain undecided at present.」
While continuing not to pay dividends, the company revised its wording to state that its basic policy is to pay future dividends linked to increases in earnings, while leaving the possibility and timing of payments undecided. - FY2018First statedAnnual report
「The company considers strengthening its financial position and building retained earnings important to achieving long-term stability in its management base and the continued expansion and development of its business. Accordingly, it has not paid dividends since its establishment, including in the 13th fiscal year. However, the company recognizes maximizing shareholder value as one of its important management objectives and plans to consider future dividend payments to shareholders comprehensively based on trends in results of operations, its financial position and future business and investment plans, while balancing them against retained earnings.」
The company indicates that it has paid no dividends since its establishment and has prioritized retained earnings, while stating that future dividends will be considered based on results of operations, its financial position and investment plans.