Balancing Stable, Sustainable Dividends with Retained Earnings
First written in FY2022-Q1. 1 of 3 entries say "Softened", first in FY2022. Latest entry: FY2024.
- FY2024RestatedAnnual report
「Accordingly, the Company has paid no dividends since its foundation and intends, for the time being, to build up retained earnings for investment in new businesses and the working capital required to expand existing businesses. In the future, the Company intends to consider returning profits to shareholders while taking into account its financial position and financial results in each fiscal year, but at present the possibility and timing of dividend payments have not been determined.」
The Company continues its policy of paying no dividends for the time being and building up retained earnings for investment in new businesses and working capital. - FY2022SoftenedAnnual report
「Accordingly, the Company has paid no dividends since its foundation and intends, for the time being, to build up retained earnings for investment in new businesses and the working capital required to expand existing businesses. In the future, the Company intends to consider returning profits to shareholders while taking into account its financial position and financial results in each fiscal year, but at present the possibility and timing of dividend payments have not been determined.」
The policy has changed from stable and consistent dividend payments to no dividends for the time being, with the possibility and timing of dividends left undetermined. - FY2022-Q1First statedAnnual report
「The Company's basic policy on dividends from surplus is to pay stable and consistent dividends, while taking a comprehensive view of financial results, the payout ratio and other factors, and maintaining a balance with retained earnings needed for future business development and strengthening the financial base, in light of business performance trends.」
The basic policy is to pay stable dividends, while placing importance on balancing them with retained earnings for business development and strengthening the financial base.