Retained Earnings Prioritized for Business Infrastructure and Future Shareholder Returns

「配当金は19円（配当性向20.2％）とし、M&A等の成⾧投資を優先しつつも、株主還元も継続する方針。」

「The company’s basic policy for profit distribution is to maintain stable and ongoing dividend payments, targeting a consolidated dividend payout ratio of approximately 20%, while securing the retained earnings necessary to strengthen its corporate structure and support future business development.」

「This was due mainly to interim net income attributable to owners of the parent of ¥197.237 million and dividends from surplus of ¥92.211 million.」

「The company acquired 58,000 treasury shares pursuant to a resolution of the Board of Directors dated 9 August 2024. As a result, treasury shares increased by ¥53.998 million during the interim consolidated accounting period, reaching ¥416.917 million at the end of the period.」

「4. The amount of dividends per share is not stated because no dividends have been paid.」

「The dividend per share is not presented because no dividends were paid.」

「The company has no record of paying dividends since its establishment, but recognizes returning profits to shareholders as an important management issue. However, based on the view that prioritizing the development of its business infrastructure for the time being will contribute to maximizing shareholder value, the company intends to make strengthening retained earnings, which will provide the funds for this purpose, its basic policy. At present, the possibility and timing of dividend payments remain undecided.」

「This was due mainly to a ¥33.562 million increase in retained earnings, a ¥100.047 million increase in treasury shares and a ¥7.837 million decrease in valuation difference on available-for-sale securities.」

「At a meeting of the Board of Directors held on 14 November 2022, the company resolved matters concerning the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing the terms under Article 165, paragraph 3 of the same Act. The acquisition is intended to enable flexible capital policies in response to the business environment, enhance shareholder returns and allow the shares to be used in M&A transactions. Maximum number of shares that may be acquired: 100,000 shares; maximum total acquisition cost: ¥100,000,000; acquisition period: 15 November 2022 to 30 June 2023; method: market purchases on the Tokyo Stock Exchange.」

「The company has no record of paying dividends since its establishment, but recognizes returning profits to shareholders as an important management issue. However, based on the view that prioritizing the development of its business infrastructure for the time being will contribute to maximizing shareholder value, the company intends to make strengthening retained earnings, which will provide the funds for this purpose, its basic policy.」

「The dividend per share is not presented because no dividends were paid.」

「No per-share dividend is disclosed because the company has not paid dividends.」

「No per-share dividend is stated because no dividend has been paid.」

「The company has no record of paying dividends since its establishment, but recognizes returning profits to shareholders as an important management issue. However, based on the view that prioritizing the development of its business infrastructure for the time being will contribute to maximizing shareholder value, the company intends to make strengthening retained earnings, which will provide the funds for this purpose, its basic policy.」

「No per-share dividend is disclosed because the company has not paid dividends.」

「No per-share dividend is disclosed because the company has not paid dividends.」

「No per-share dividend is disclosed because the company has not paid dividends.」

「The company has no record of paying dividends since its establishment, but recognizes returning profits to shareholders as an important management issue and intends to pay dividends after comprehensively considering the development of its business infrastructure, operating performance and financial condition. However, based on the view that prioritizing the development of its business infrastructure for the time being will contribute to maximizing shareholder value, the company intends to make strengthening retained earnings, which will provide the funds for this purpose, its basic policy. At present, the possibility and timing of dividend payments remain undecided.」

「No per-share dividend is disclosed because the company has not paid dividends.」

「No per-share dividend is disclosed because the company has not paid dividends.」

「This was due to a ¥286.526 million decrease resulting from the acquisition of treasury shares, while stated capital and capital surplus increased by ¥286.681 million each, and retained earnings increased by ¥191.931 million.」

「At a meeting of the Board of Directors held on 13 February 2019, the company resolved matters concerning the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing the terms under Article 165, paragraph 3 of the same Act. The acquisition will be carried out to enable flexible capital policies, improve capital efficiency and enhance shareholder returns. Maximum number of shares to be acquired: 320,000 shares, representing 11% of total issued shares excluding treasury shares; maximum total acquisition cost: ¥315,840,000; acquisition date: 14 February 2019; method: off-auction purchase on the Tokyo Stock Exchange through the ToSTNeT-3 system.」

「For the time being, we intend to prioritize developing the business infrastructure and make strengthening retained earnings, which will provide the funds for that purpose, our basic policy, based on the view that this will contribute to maximizing shareholder value. At present, the possibility and timing of dividend payments remain undecided.」