Balancing Stable Dividends with Growth Investment and Financial Flexibility
First written in FY2016. 26 of 30 entries say "Restated". Latest entry: 2026-04-20.
70 other companies' latest entry also says "Restated".
- 2026-04-20RestatedDividends
「The Company's basic policy is to provide appropriate returns to shareholders, taking into account its operating results and financial position and its retained earnings. However, in light of recent earnings trends and the Company's future financial position, we regret to announce that the year-end dividend for which 28 February 2026 is the record date will be zero. We sincerely apologize to our shareholders and will work to resume dividend payments as soon as possible. We respectfully ask for your continued support.」
The Company decided not to pay a year-end dividend for which 28 February 2026 is the record date. The zero dividend represents no substantive change from the previously disclosed position. While maintaining its dividend policy, the Company cited earnings trends and its financial position and expressed its intention to work toward an early resumption of dividend payments. The canonical thread remains unchanged. - FY2026-H1RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status also continued during the interim consolidated accounting period. - FY2025-H1RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status also continued during the interim consolidated accounting period. - FY2024-Q3RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status also continued during the nine-month period. - FY2023-Q3RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status also continued during the nine-month period. - FY2023-Q2RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status continuing from the previous fiscal year also continued during the six-month consolidated period. - FY2023-Q1RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status continuing from the previous fiscal year also continued during the first quarter consolidated period. - FY2022RestatedAnnual report
「With regard to the dividend from retained earnings for the 77th fiscal year, although stable dividends remain the basic policy, the impact of the 77th fiscal year’s results and the contraction in economic activity caused by the spread of COVID-19 remains uncertain. Having determined that it is important to secure cash on hand, the company has, regrettably, paid no dividend. With regard to profit distribution from the following fiscal year onward, the company will seek to expand profits at an early stage and resume dividend payments.」
The company has continued to pay no dividend, prioritizing cash on hand while maintaining stable dividends as its basic policy, and continues to seek profit growth and the resumption of dividend payments from the following fiscal year onward. - FY2022-Q3RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status continuing from the previous fiscal year also continued during the nine-month consolidated period. - FY2022-Q2RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status continuing from the previous fiscal year also continued during the six-month consolidated period. - FY2022-Q1RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status continued during the first quarter, following the previous fiscal year. - FY2021RestatedAnnual report
「With regard to the dividend from retained earnings for the 76th fiscal year, although stable dividends remain the basic policy, the impact of the 76th fiscal year’s results and the contraction in economic activity caused by the spread of COVID-19 remains uncertain. Having determined that it is important to secure cash on hand, the company has, regrettably, paid no dividend. With regard to profit distribution from the following fiscal year onward, the company will seek to expand profits at an early stage and resume dividend payments.」
The policy of basing dividends on stable payments has been maintained, but the company paid no dividend for the fiscal year and continues to state its policy of seeking early profit growth and resuming dividend payments. - FY2021-Q3RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status indicated in the previous fiscal year continued during the nine-month period. - FY2021-Q2RestatedAnnual report
「As no dividend was paid, there are no matters to report.」
The no-dividend status indicated in the previous fiscal year continued during the six-month period. - FY2020SoftenedAnnual report
「With regard to the dividend from retained earnings for the 75th fiscal year, although stable dividends remain the basic policy, the impact of the 75th fiscal year’s results and the contraction in economic activity caused by the spread of COVID-19 remains uncertain. Having determined that it is important to secure cash on hand, the company has, regrettably, paid no dividend. With regard to profit distribution from the following fiscal year onward, the company will seek to expand profits at an early stage and resume dividend payments.」
The policy of basing dividends on stable payments was maintained, but the company paid no dividend for the 75th fiscal year and shifted to stating that it would seek early profit growth and resume dividend payments from the following fiscal year onward. - FY2020-Q3RestatedAnnual report
「21 June 2019 Annual General Meeting of Shareholders Common shares 26,738 10.00 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥10 per share was paid, and the dividend level reduced in the previous fiscal year has continued. - FY2020-Q2RestatedAnnual report
「21 June 2019 Annual General Meeting of Shareholders Common shares 26,738 10.00 31 March 2019 24 June 2019 Retained earnings」
A dividend of ¥10 per share was paid, and the dividend level reduced in the previous fiscal year, together with the policy of prioritizing growth investment and financial flexibility, has continued. - FY2020-Q1RestatedAnnual report
「21 June 2019 Annual General Meeting of Shareholders Common shares 26,738 10.00 31 March 2019 24 June 2019 Retained earnings」
It was confirmed that a dividend of ¥10 per share was paid pursuant to the resolution of the Annual General Meeting of Shareholders held on 21 June 2019, and the dividend level reduced in the previous fiscal year has continued. - FY2019SoftenedAnnual report
「The company intends to prioritize shareholder returns and strengthen its earnings capacity to secure funds for dividends. As it plans to undertake active capital investment and research and development to achieve further growth, it intends to prioritize retained earnings in order to strengthen shareholders’ equity and maintain financial flexibility. Accordingly, its basic policy for the time being is to maintain dividends at a certain level while determining the dividend payout ratio in consideration of performance in each fiscal period. Taking into account the results and dividend payout ratio for the 74th fiscal year, the dividend has been set at ¥10 per share.」
The policy of balancing shareholder returns, growth investment, and retained earnings has been maintained, but the dividend per share decreased from ¥20 in the previous fiscal year to ¥10, accompanied by an explanation that performance and the dividend payout ratio would be taken into account. - FY2019-Q3RestatedAnnual report
「20 June 2018 Annual General Meeting of Shareholders Common shares 52,909 20.00」
A dividend of ¥20 per share was also paid during the nine-month period, with no change indicated in the longstanding policy of balancing stable dividends with growth investment and financial flexibility. - FY2019-Q2RestatedAnnual report
「20 June 2018 Annual General Meeting of Shareholders Common shares 52,909 20.00」
A dividend of ¥20 per share was also paid during the six-month period, with no change indicated in the longstanding policy of balancing stable dividends with growth investment and financial flexibility. - FY2019-Q1RestatedAnnual report
「20 June 2018 Annual General Meeting of Shareholders Common shares 52,909 20.00」
A dividend of ¥20 per share was paid during the quarter pursuant to the resolution of the Annual General Meeting of Shareholders, with no change indicated in the longstanding policy of balancing stable dividends with growth investment and financial flexibility. - FY2018RestatedAnnual report
「With shareholder returns as its first priority, the company intends to strengthen its earnings capacity to secure funds for dividends. As it plans to undertake active capital investment and research and development to pursue further growth, it intends to prioritize retained earnings in order to strengthen equity capital and secure financial flexibility.」
The company has reiterated its longstanding policy of balancing shareholder returns with retained earnings for capital expenditures, research and development, and financial flexibility. The dividend for the 73rd fiscal year was set at ¥20 per share. - FY2018-Q3RestatedAnnual report
「20 June 2017 Annual General Meeting of Shareholders Common shares 52,910 20.00」
During the nine-month period, a dividend of ¥20 per share was also paid pursuant to the resolution of the Annual General Meeting of Shareholders held on 20 June 2017, with no change indicated in the existing dividend policy. - FY2018-Q2RestatedAnnual report
「20 June 2017 Annual General Meeting of Shareholders Common shares Dividend per share ¥20.00」
A dividend of ¥20 per share was paid during the six-month period, with no change indicated in the longstanding policy of balancing stable dividends with growth investment and financial flexibility. - FY2018-Q1RestatedAnnual report
「20 June 2017 Annual General Meeting of Shareholders Common shares Dividend per share 20.00」
A dividend of ¥20 per share was paid during the quarter, with no change indicated in the longstanding policy of balancing stable dividends with growth investment and financial flexibility. - FY2017RestatedAnnual report
「With shareholder returns as its first priority, the company intends to strengthen its earnings capacity to secure funds for dividends. As it plans to undertake active capital investment and research and development to pursue further growth, it intends to prioritize retained earnings in order to strengthen equity capital and secure financial flexibility.」
The company has reiterated its longstanding policy of balancing shareholder returns with retained earnings for capital expenditures, research and development, and financial flexibility. The dividend for the 72nd fiscal year is ¥20 per share. - FY2017-Q3RestatedAnnual report
「Annual General Meeting of Shareholders, 24 June 2016」
Dividends paid during the cumulative third quarter of the current fiscal year were ¥20 per share, unchanged from the level confirmed in the previous quarterly report. - FY2017-Q2SoftenedAnnual report
「Dividend per share (yen) 20.00」
Dividends paid during the cumulative second quarter of the current consolidated fiscal year were ¥20 per share, down from ¥30 per share in the same period of the previous year. No explanation of any future change in dividend policy is provided. - FY2016First statedAnnual report
「With shareholder returns as its first priority, the company intends to strengthen its earnings capacity to secure funds for dividends. As it plans to undertake active capital investment and research and development to pursue further growth, it intends to prioritize retained earnings in order to strengthen equity capital and secure financial flexibility.」
While emphasizing shareholder returns, the company has stated a policy of prioritizing retained earnings for capital investment, research and development, and strengthening equity capital.