Policy on Future Shareholder Returns and Dividend Payments
First written in FY2016. 4 of 12 entries say "Softened", first in FY2021. Latest entry: 2026-07-17.
inspec moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
50 other companies' latest entry also says "Restated".
- 2026-07-17RestatedManagement plan
「Through this, we will seek to increase net sales and improve the operating margin, while taking into account the balance with retained earnings and aiming to resume dividend payments at an early date.」
Reconfirmed the policy of seeking an early resumption of dividends while balancing development and other needs against retained earnings. - FY2026SoftenedAnnual report
「Although the Company recorded a profit in the current fiscal year, it determined that it had not secured sufficient funds to continue paying dividends. It considers further strengthening the soundness of its financial base important in achieving stable returns to shareholders in the future. Accordingly, although it is deeply regrettable, the Company decided to forgo the dividend for the current fiscal year.」
The Company decided not to pay a dividend even after recording a profit, explaining that priority would be given to strengthening the soundness of its financial base. It says it will work to resume dividends as soon as possible from the following fiscal year onward, but has not specified a timing or amount. - 2026-06-12SoftenedEarnings
「Accordingly, although we sincerely regret the decision, we have decided to forgo the dividend for the current fiscal year.」
The Company will again pay no dividend and explained that it is prioritizing its financial base with a view to stable shareholder returns in the future. - FY2024SoftenedAnnual report
「Because the Company reported a net loss for the current fiscal year, it regrettably decided not to pay a year-end dividend. For the following fiscal year, based on the basic policy described above and after comprehensively considering future business development and its financial position, among other factors, it plans to resume dividends at ¥3 per share as a year-end dividend.」
The Company moved from a ¥3 per-share dividend in FY2023 to no dividend in FY2024, with a plan to resume dividends at ¥3 per share in the following fiscal year. - FY2024-Q1AchievedAnnual report
「28 July 2023 Annual General Meeting of Shareholders Common shares 11,950 3.00 30 April 2023 31 July 2023 Retained earnings」
For FY2023, a year-end dividend of ¥3 per share was paid on 31 July 2023 from retained earnings. - FY2023-Q1RestatedAnnual report
「22 July 2022 Annual General Meeting of Shareholders Common shares 11,370 3.00 30 April 2022 25 July 2022 Retained earnings」
This states that the planned FY2022 year-end dividend of ¥3 per share was paid on 25 July 2022 from retained earnings. - FY2022AchievedAnnual report
「After comprehensively considering its performance and financial position, the Company will resume dividends for the current fiscal year by paying a year-end dividend of ¥3 per share.」
The plan to resume dividends announced in the previous fiscal year was implemented as a year-end dividend of ¥3 per share. The Company plans to maintain an ordinary dividend in the following fiscal year. - FY2021SoftenedAnnual report
「Because the Company reported a net loss for the current fiscal year, it regrettably decided not to pay a year-end dividend.」
After paying a ¥3 per-share dividend in FY2020, the Company paid no dividend in FY2021 due to a net loss for the year. It plans to resume dividends at ¥3 per share in the following fiscal year after covering the deficit. - FY2020AchievedAnnual report
「The Company had continued to pay no dividends, but based on the policy described above, after comprehensively considering its performance and financial position, it set the dividend for the current fiscal year at ¥3 per share.」
The planned dividend from the financial results for the fiscal year ending April 2020 was implemented at ¥3 per share. The Company plans to maintain an ordinary dividend in the following fiscal year. - FY2019RaisedAnnual report
「Regarding dividends of surplus, the Company plans to begin paying dividends from the financial results for the fiscal year ending April 2020 (the 32nd fiscal year), taking into account the profit plan in its medium-term management plan and balancing dividends against retained earnings needed to strengthen its financial base.」
The Company moved from its previous policy of considering dividends after securing profits to a specific plan to begin paying dividends from the financial results for the fiscal year ending April 2020. No dividend has yet been paid for the current fiscal year. - FY2018RestatedAnnual report
「As of now, the Company has not yet secured sufficient profits to pay dividends to shareholders. Once dividends become possible, it will consider its dividend policy comprehensively, taking into account its financial position, earnings level and payout ratio, among other factors.」
The Company continues its policy of paying dividends twice a year as a basic principle and considering its financial position, earnings level and payout ratio after securing profits. No dividend was paid in the current fiscal year. - FY2016First statedAnnual report
「The Company considers the long-term, comprehensive enhancement of shareholder returns an important management objective and has adopted a basic policy of paying dividends of surplus twice a year, as an interim dividend and a year-end dividend.」
While dividends remain the basic policy, the Company did not pay a dividend in the current fiscal year and states that it will consider the Company's financial position, earnings level and payout ratio after securing profits.