Policy of prioritizing retained earnings and paying no dividends for the time being
First written in FY2018. 13 of 17 entries say "Restated". Latest entry: 2026-10-26.
10 other companies' latest entry also says "Softened".
- FY2026-H1AchievedAnnual report
「At the 11th Annual General Meeting of Shareholders held on 26 November 2025, the company resolved to reduce the amounts of its capital, capital reserve and legal retained earnings reserve, and to dispose of surplus. The resolution took effect on 5 January 2026. Accordingly, ¥731 million of the ¥801 million in capital was reduced, leaving ¥70 million, and the entire amount of the capital reduction was transferred to other capital surplus. The resulting ¥715 million increase in other capital surplus was then transferred to retained earnings brought forward.」
The reduction of capital and elimination of accumulated deficit planned for FY2025 were carried out on 5 January 2026. The reduction of capital by ¥731 million and the transfer of ¥715 million in other capital surplus to retained earnings brought forward were completed. The no-dividend policy also remains in place. - FY2025Plan to secure flexibility in future shareholder returns through a reduction of capital and elimination of accumulated deficitAnnual report
「This is intended to eliminate the deficit in retained earnings brought forward that had accumulated to date, provide flexibility in future capital policies, improve financial soundness through the application of an appropriate tax regime, and establish a structure capable of implementing flexible and timely shareholder return measures and other initiatives.」
While maintaining its no-dividend policy, the company disclosed a plan to reduce ¥731,818,885 from its capital of ¥801,818,885, effective 5 January 2026, and apply ¥715,702,701 to eliminate the accumulated deficit. - FY2024-Q1RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
The policy of paying no dividends continued during the cumulative first-quarter period under review. - FY2023-Q3RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
No dividends were paid in the third-quarter cumulative period. - FY2022-Q3RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
No dividends were paid in the third-quarter cumulative period. - FY2022-Q1RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
The Company did not pay dividends during the cumulative first quarter. - FY2021RestatedAnnual report
「Accordingly, the Company has not paid dividends since its founding and plans to build retained earnings for the time being.」
The company reiterates its policy of paying no dividends for the time being and allocating retained earnings to strengthening its financial position and expanding its business. - FY2020RestatedAnnual report
「Accordingly, the Company has not paid dividends since its founding and plans to build retained earnings for the time being.」
The company reiterates its policy of paying no dividends for the time being and allocating retained earnings to strengthening its financial position and expanding its business. - FY2020-Q3RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
No dividends were paid in the third-quarter cumulative period. - FY2020-Q2RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
The Company reports that no dividend was paid during the second-quarter cumulative period. - FY2019RestatedAnnual report
「Accordingly, the Company has not paid dividends since its founding and plans to build retained earnings for the time being.」
The company reiterates its policy of paying no dividends for the time being and allocating retained earnings to strengthening its financial position and expanding its business. - FY2019-Q3RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
No dividends were paid during the nine-month period ended in the third quarter. - FY2019-Q2RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
No dividend was paid for the cumulative second-quarter period either. - FY2019-Q1RestatedAnnual report
「No dividend per share is stated because no dividends have been paid.」
The company has not paid a dividend in the first quarter under review either. - FY2018First statedAnnual report
「Accordingly, the Company has not paid dividends since its founding and plans to build retained earnings for the time being.」
The company prioritises business expansion, strengthening its financial position, working capital and capital expenditure. It states that future stable and ongoing returns to shareholders will be decided after taking the relevant circumstances into consideration.