Stable Dividends and Resumption After Eliminating Tax Loss Carryforwards and Accumulated Losses
First written in FY2016. 16 of 21 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「However, after comprehensively considering the level of interest-bearing debt and future growth investments, the company decided, with sincere regret, not to pay a dividend for the current period, judging that prioritising the strengthening of its business earnings power and financial base would contribute to maximising shareholder value over the medium to long term. From the next period onward, the company will work to strengthen its business earnings power and financial base and achieve a resumption of dividend payments.」
The policy of paying no dividend and the target of resuming dividend payments remain unchanged, but the stated prerequisite for resumption has shifted from eliminating the deficit to interest-bearing debt, growth investments, and strengthening business earnings power and the financial base. - FY2026-H1AdvancedAnnual report
「Following approval at the 96th Annual General Meeting of Shareholders held on 25 June 2025, the company reviewed its capital structure during the interim consolidated accounting period to strengthen its financial position and secure flexibility and agility in future capital policy. Accordingly, it reduced the amounts of capital, capital reserves and earned surplus reserves, and transferred them to retained earnings brought forward to apply them toward covering the deficit.」
While no resumption of dividend payments was implemented and the company continued to pay no dividends, it reviewed its capital structure and covered the deficit. The achievement of dividend resumption itself is not stated. - FY2025AdvancedAnnual report
「The company reduced its stated capital, capital reserve and retained earnings reserve before disposing of surplus, with the aim of eliminating the current deficit in retained earnings, strengthening its financial position, and ensuring flexibility and agility in future capital policy.」
No resumption of dividend payments was implemented and the company continued to pay no dividends, while the board resolved on a capital reduction and disposition of surplus to eliminate the deficit and proceeded to submit the matter to the General Meeting of Shareholders. - FY2025-H1RestatedAnnual report
「1. Dividend payments: Not applicable.」
No dividends were paid during the interim consolidated accounting period, and the company continues to pay no dividend. - FY2024-Q3RestatedAnnual report
「1. Dividend payments: None applicable.」
No dividends were paid during the nine-month period ended in the third quarter, and the company continues to pay no dividend. - FY2024-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the six-month period ended in the second quarter, and the company continues to pay no dividend. - FY2024-Q1RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the three-month period ended in the first quarter, and the company continues to pay no dividend. - FY2023RestatedAnnual report
「However, the company was unable to pay a dividend for the current fiscal year because it still had an accumulated deficit. From the next fiscal year onward, it will devote its full efforts to establishing a sustainable earnings base, eliminating its accumulated deficit, and resuming dividend payments.」
The company will pay no dividend for the current fiscal year and reaffirmed its previous policy of aiming to resume dividend payments after eliminating its accumulated deficit and establishing a sustainable earnings base. - FY2023-Q3RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the nine-month period ended in the third quarter, and the company continues to pay no dividend. - FY2023-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the six-month period ended in the second quarter, and the company continues to pay no dividend. - FY2023-Q1RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the three-month period ended in the first quarter, and the company continues to pay no dividend. - FY2022RestatedAnnual report
「However, the company was unable to pay a dividend for the current fiscal year because it still had an accumulated deficit. From the next fiscal year onward, it will devote its full efforts to establishing a sustainable earnings base, eliminating its accumulated deficit, and resuming dividend payments.」
The company will pay no dividend for the current fiscal year and reaffirmed its previous policy of aiming to resume dividend payments after establishing a sustainable earnings base and eliminating its accumulated deficit. - FY2022-Q3RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the nine-month period ended in the third quarter, and the company continues to pay no dividend. - FY2022-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the six-month period ended in the second quarter, and the company continues to pay no dividend. - FY2022-Q1RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the three-month period ended in the first quarter, and the company continues to pay no dividend. - FY2021-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
No dividends were paid during the six-month period ended in the second quarter, and no change in the implementation of the previous policy of resuming dividend payments after eliminating the accumulated deficit was reported. - FY2019RestatedAnnual report
「However, the company was unable to pay a dividend for the current fiscal year because it still had an accumulated deficit. From the next fiscal year onward, it will devote its full efforts to establishing a sustainable earnings base, eliminating its accumulated deficit, and resuming dividend payments.」
The company reiterated its policy of paying no dividend for the current fiscal year and aiming to resume dividend payments after eliminating its accumulated deficit. - FY2017RestatedAnnual report
「However, the company was unable to pay a dividend for the current fiscal year because it still had an accumulated deficit. From the next fiscal year onward, it will devote its full efforts to establishing a sustainable earnings base, eliminating its accumulated deficit, and resuming dividend payments.」
While maintaining stable dividends as its basic policy, the company reiterated its policy of paying no dividend for the current fiscal year and aiming to resume dividend payments after eliminating its accumulated deficit. - FY2016First statedAnnual report
「The company's basic policy is to continue paying stable dividends while strengthening its corporate foundation. From the next fiscal year onward, it will devote its full efforts to establishing a sustainable earnings base, eliminating its accumulated deficit, and resuming dividend payments.」
While maintaining stable dividends as its basic policy, the company paid no dividend for the current fiscal year and aims to resume dividend payments after eliminating its accumulated deficit.