Flexible Shareholder Returns Through Securing the Distributable Amount
First written in FY2017-Q2. 4 of 10 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2021: 2 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「With respect to the dividend for the current fiscal year, as it is necessary to build up retained earnings in preparation for future business development, we regret that we intend to pay no dividend.」
The company is reaffirming its capital allocation policy of prioritizing retained earnings in preparation for business development and paying no dividend for the current fiscal year. - FY2023-Q3AdvancedAnnual report
「Pursuant to a resolution at the extraordinary general meeting of shareholders held on 17 November 2022, the company reduced its stated capital and capital reserve and disposed of surplus for the purpose of eliminating the deficit in retained earnings brought forward, strengthening the soundness of its financial position, generating distributable amounts, enhancing shareholder return measures, and increasing the flexibility and agility of its capital policy.」
The company implemented the reduction of stated capital and capital reserve and the disposition of surplus decided in the previous quarter to offset the deficit and generate distributable amounts. - FY2023-Q2AdvancedAnnual report
「For the purpose of offsetting the current deficit in retained earnings brought forward, strengthening the soundness of its financial position, generating distributable amounts, enhancing shareholder return measures, and increasing the flexibility and agility of its capital policy, the company will reduce the amounts of its stated capital and capital reserve pursuant to Article 447, paragraph 1 and Article 448, paragraph 1 of the Companies Act, transfer the amounts reduced to other capital surplus, and apply them to offset the deficit in retained earnings brought forward.」
The company decided to reduce stated capital and capital reserves and dispose of surplus to offset the deficit and generate distributable amounts, giving concrete form to a policy aimed at enhancing shareholder return measures and the flexibility and agility of its capital policy. - FY2022RestatedAnnual report
「With respect to the dividend for the current fiscal year, as it is necessary to build up retained earnings in preparation for future business development, we regret that we intend to pay no dividend.」
The company is reaffirming its policy of prioritizing retained earnings in preparation for business development and paying no dividend for the current fiscal year. - FY2021RestatedAnnual report
「With respect to the dividend for the current fiscal year, as it is necessary to build up retained earnings in preparation for future business development, we regret that we intend to pay no dividend.」
The company is reaffirming its policy of prioritizing retained earnings in preparation for business development and strengthening its corporate structure, and paying no dividend. - FY2020RestatedAnnual report
「With respect to the dividend for the current fiscal year, as it is necessary to build up retained earnings in preparation for future business development, we regret that we intend to pay no dividend.」
The company is reaffirming its capital allocation policy of prioritizing retained earnings in preparation for business development and paying no dividend for the current fiscal year. - FY2019SoftenedAnnual report
「With respect to the dividend for the current fiscal year, as it is necessary to build up retained earnings in preparation for future business development, we regret that we intend to pay no dividend. We intend to invest retained earnings effectively in strengthening our management structure to respond to anticipated changes in the business environment, expanding existing businesses, and an M&A strategy aimed at entering new business areas, with the goal of increasing shareholder value over the long term.」
The company maintains its policy of increasing shareholder value, but has indicated that it will pay no dividend for the current fiscal year and will use retained earnings to strengthen its management structure, expand existing businesses and pursue M&A. - FY2018-Q2AdvancedAnnual report
「Increase through market purchases of treasury shares」
The company conducted market purchases of treasury shares, increasing treasury shares by ¥98 million. This represents a specific capital policy action related to the previously stated objective of flexible shareholder returns. - FY2017-Q3AdvancedAnnual report
「This resulted from a reduction in reserves and a disposition of surplus to offset the deficit, pursuant to Article 452 of the Companies Act.」
In connection with the previously stated objective of securing distributable amounts, the company reduced its capital reserve by ¥2 billion and offset the deficit. No actual shareholder return was disclosed. - FY2017-Q2First statedAnnual report
「Purpose: to secure distributable amounts so that shareholder return measures can be implemented flexibly going forward.」
As the purpose of reducing the capital reserve and disposing of surplus, the company cites securing distributable amounts that can be used to implement future shareholder return measures flexibly.