Resuming dividends with a focus on shareholder returns and retained earnings
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2026.
Okamoto Glass moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2025: 2 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Net income attributable to owners of the parent was negative in the 80th consolidated fiscal year, and net income in the 80th standalone fiscal year was also negative, meaning, regrettably, that the Company was unable to secure funds for dividends from standalone retained earnings. In addition, under the new medium-term management plan, GROWTH28, the 3-year period from the fiscal year ending March 2027 through the fiscal year ending March 2029 is designated as the transition acceleration phase. The Company must retain funds for capital investment to accelerate its transformation into a materials manufacturer for AI data centers, and has therefore decided to forgo dividends for the current fiscal year.」
Both consolidated and standalone results were net losses, preventing the Company from securing funds for dividends. In addition, the Company again paid no dividend in order to retain funds for capital investment from the fiscal year ending March 2027 through the fiscal year ending March 2029. - FY2026-H1RestatedAnnual report
「1. Matters related to dividends There are no applicable matters.」
The disclosure states that there are no matters concerning dividends for the current interim consolidated accounting period. No interim dividend is indicated. - FY2025SoftenedAnnual report
「For the 79th consolidated fiscal year, net income attributable to owners of the parent was positive for the third consecutive fiscal year. In addition, the accumulated deficit was eliminated through the reduction in capital carried out in September 2024, and net income in the 79th standalone fiscal year was also positive, enabling the Company to secure funds for dividends from standalone retained earnings. However, as depreciation expense is expected to increase sharply in the fiscal year ending March 2026, and although the Company issued stock acquisition rights with an exercise-price adjustment clause to fund capital investment to triple the production capacity of heat-dissipation substrates, the timing of funding remains uncertain during the 3-year exercise period. As the Company must continue to retain funds for growth, it has decided to forgo dividends for the current fiscal year.」
While describing 3 consecutive years of consolidated profitability, the elimination of accumulated losses and the securing of standalone funds for dividends, it states that dividends were again forgone in order to retain funds for growth amid higher depreciation expense and investment in heat-dissipation substrates. - FY2025-H1AdvancedAnnual report
「The Company states that, pursuant to a resolution of the 78th Annual General Meeting of Shareholders held on 29 June 2024, the reduction in capital became effective on 6 September 2024. Stated capital of ¥1,495 million and the capital reserve of ¥734 million were reduced and transferred to other capital surplus. Subsequently, other capital surplus of ¥1,870 million was reduced and transferred to retained earnings to offset the deficit.」
The reduction in capital and deficit offset approved by the shareholders' meeting in the previous fiscal year became effective on 6 September 2024. Stated capital of ¥1,495 million and the capital reserve of ¥734 million were transferred to other capital surplus, after which ¥1,870 million was transferred to retained earnings to offset the deficit. No resumption of dividends is stated. - FY2024AdvancedAnnual report
「The purpose is to offset the deficit in retained earnings currently carried forward and to implement flexible and agile capital policies and timely and appropriate shareholder return measures going forward.」
At the shareholders' meeting, a proposal was approved to reduce stated capital by ¥1,495.740 million and the capital reserve by ¥734.225 million, and transfer ¥1,870.644 million to retained earnings to fully offset the deficit. No resumption of dividends has yet been stated. - FY2022RestatedAnnual report
「The Company was unable to pay a dividend in the current fiscal year due to accumulated deficit. From the next fiscal year onward, it will pursue various measures to improve performance with a view to resuming dividends and retaining the earnings necessary to strengthen its management foundation.」
The Company again paid no dividend in the current fiscal year and restated its policy of pursuing both the resumption of dividends and the retention of earnings from the next fiscal year onward. - FY2019RestatedAnnual report
「The Company was unable to pay a dividend in the current fiscal year due to accumulated deficit. From the next fiscal year onward, it will pursue various measures to improve performance with a view to resuming dividends and retaining the earnings necessary to strengthen its management foundation.」
The Company again paid no dividend in the current fiscal year and continues to pursue both the resumption of dividends and the retention of earnings from the next fiscal year onward. - FY2018RestatedAnnual report
「The Company was unable to pay a dividend in the current fiscal year due to accumulated deficit. From the next fiscal year onward, it will pursue various measures to improve performance with a view to resuming dividends and retaining the earnings necessary to strengthen its management foundation.」
The Company again paid no dividend in the current fiscal year and continues to pursue both the resumption of dividends and the retention of earnings from the next fiscal year onward. - FY2017RestatedAnnual report
「The Company was unable to pay a dividend in the current fiscal year due to accumulated deficit. From the next fiscal year onward, it will pursue various measures to improve performance with a view to resuming dividends and retaining the earnings necessary to strengthen its management foundation.」
The Company again paid no dividend in the current fiscal year and continues to pursue both the resumption of dividends and the retention of earnings from the next fiscal year onward. - FY2016First statedAnnual report
「Our basic policy is to prioritize returns to shareholders, strengthen our earnings capacity to secure funds for dividends, and pay continuous and stable dividends. From the next fiscal year onward, we will pursue various measures to improve performance with a view to resuming dividends and retaining the earnings necessary to strengthen our management foundation.」
The Company paid no dividend in the current fiscal year due to accumulated deficit and intends to pursue both the resumption of dividends and the retention of earnings as its policy going forward.