For the time being, retain earnings and prioritize growth investment while continuing to pay no dividends
First written in FY2019. 17 of 24 entries say "Restated". Latest entry: 2026-09-29.
16 other companies' latest entry also says "Raised".
- 2026-09-29RaisedEarnings
「Fiscal year ending May 2027 (forecast) 10.00 — 10.00 20.00」
The Company maintained its forecast of an annual dividend of ¥20 for the fiscal year ending May 2027, an increase from the previous fiscal year's actual dividend of ¥15. - FY2026RaisedAnnual report
「The Group considers returning profits to shareholders an important management priority and has adopted a basic policy of paying stable and recurring dividends, using annual DOE (dividend on equity) of 5% as a benchmark.」
Following the commencement of dividends based on November 2024, after previously paying no dividends, the Company stated a policy of stable and recurring dividends using annual DOE of 5% as a benchmark. For the fiscal year, the dividend was set at ¥15 per share, comprising an interim dividend of ¥5 and a year-end dividend of ¥10. - FY2026-H1RestatedAnnual report
「26 June 2025 Board of Directors Common shares 125 5.00 31 May 2025 8 August 2025 Retained earnings 25 December 2025 Board of Directors Common shares 122 5.00 30 November 2025 30 January 2026 Retained earnings」
The Company paid a dividend of ¥5 per share in August 2025 and resolved to pay another ¥5 per share based on the record date of 30 November 2025, continuing to pay dividends. - FY2025-H1ReframedAnnual report
「26 December 2024 Board of Directors Common shares 127 5.00 30 November 2024 31 January 2025 Retained earnings」
The Company resolved to pay a dividend of ¥5 per share, totalling ¥127 million, with 30 November 2024 as the record date, shifting from its policy of paying no dividends since its foundation and specifying the timing of the dividend payment. - FY2024ReframedAnnual report
「The Group considers returning profits to shareholders an important management priority, but has paid no dividends since its foundation. Meanwhile, it has repurchased treasury shares to promote efficient use of funds and improve the ratio of shares in circulation. The Group will continue to consider shareholder returns after weighing its financial position and investment opportunities, but the timing of dividend payments has not been determined.」
While maintaining its policy of paying no dividends and prioritising growth investment, the Company explicitly positioned treasury share repurchases as a means of returning value to shareholders. - FY2024-Q3RestatedAnnual report
「1. Dividends paid Not applicable.」
The company did not pay dividends during the cumulative period of the current third-quarter consolidated cumulative period. - FY2024-Q2RestatedAnnual report
「1. Dividends paid Not applicable.」
The company did not pay a dividend during the first six months of the current consolidated fiscal year either. - FY2024-Q1RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company has not paid dividends during the first quarter of the fiscal year either. - FY2023-Q3RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company did not pay dividends during the cumulative period of the current third-quarter consolidated cumulative period. - FY2023-Q2RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company did not pay a dividend during the first six months of the current consolidated fiscal year either. - FY2023-Q1RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company has not paid dividends during the first quarter of the fiscal year either. - FY2022RestatedAnnual report
「The Company plans to continue prioritising investment in development and new business expansion with significant growth potential, while pursuing shareholder returns based on equity capital sufficient to maintain its medium-term target ROE of at least 20%. However, the possibility and timing of dividend payments have not been determined.」
While continuing its no-dividend policy and prioritising investment in development and new businesses, the Company additionally indicated equity capital sufficient to maintain ROE of at least 20% as a benchmark for shareholder returns. - FY2022-Q3RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company also did not pay dividends for the cumulative third quarter of the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「2. Dividends with a record date in the cumulative second quarter of the consolidated fiscal year whose effective date falls after the end of the consolidated second-quarter accounting period: Not applicable.」
The Company also paid no dividends during the cumulative second quarter of the consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「1. Dividends paid: Not applicable.」
The Company also paid no dividends during the cumulative first quarter of the consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company has not paid dividends during the cumulative third quarter of the current fiscal year either. - FY2021-Q2RestatedAnnual report
「1. Dividends paid: Not applicable.」
The Company also paid no dividends during the cumulative second quarter of the consolidated fiscal year. - FY2021-Q1RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company did not pay dividends during the first quarter cumulative period either. - FY2020RestatedAnnual report
「For the time being, the Company plans to build up retained earnings and prioritise investment in development projects with significant growth potential and the expansion of new businesses.」
The Company has paid no dividends since its foundation and has reaffirmed its policy of prioritising retained earnings and growth investment. - FY2020-Q3RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividend was paid in the cumulative third-quarter period either. - FY2020-Q1RestatedAnnual report
「Per-share dividends are not presented because no dividends were paid.」
The Company reiterates that it has not paid a dividend this quarter either. - FY2019First statedAnnual report
「For the time being, the Company plans to build up retained earnings and prioritise investment in development projects with significant growth potential and the expansion of new businesses. In the future, the Company will consider returning profits to shareholders after weighing its financial position and investment opportunities, but the possibility and timing of dividend payments have not been determined.」
The Company has paid no dividends since its foundation, and the possibility and timing of future shareholder returns have not been determined.