No-dividend policy prioritizing reinvestment
First written in FY2016. 8 of 11 entries say "Restated". Latest entry: FY2026.
Avix moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
7 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Our aim is to provide stable and continuous returns of profits, rather than one-off returns. To ensure that this is achieved, we made strengthening our equity capital and financial base our top priorities for the fiscal year, and decided not to pay a dividend.」
Although retained earnings turned positive, the reason for not paying a dividend has been reframed from the deficit position to prioritizing the strengthening of equity capital and the financial base in pursuit of stable and continuous returns of profits. - FY2026-H1RestatedAnnual report
「1. Dividends paid: Not applicable.」
The company disclosed that no dividends were paid during the interim consolidated accounting period. - FY2025-H1RestatedAnnual report
「Dividend payments: Not applicable.」
The company disclosed that no dividends were paid during the interim consolidated accounting period. - FY2024-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
The company disclosed that no dividends were paid during the second-quarter cumulative consolidated period. - FY2023-Q3RestatedAnnual report
「Dividend payments: Not applicable.」
It has been disclosed that no dividends were paid during the cumulative third quarter of the current fiscal year. - FY2023-Q2RestatedAnnual report
「Dividend payments: Not applicable.」
The company disclosed that no dividends were paid during the second-quarter cumulative consolidated period. - FY2021RestatedAnnual report
「As retained earnings brought forward are in deficit during the current fiscal year, we will pay no dividend to stabilize our management base. We will continue to work diligently to improve performance with a view to resuming dividend payments.」
The policy of paying no dividend due to the deficit in retained earnings brought forward and the need to stabilize the management base, together with the intention to resume dividend payments, has been reaffirmed. - FY2020RestatedAnnual report
「As retained earnings brought forward are in deficit during the current fiscal year, we will pay no dividend to stabilize our management base. We will continue to work diligently to improve performance with a view to resuming dividend payments.」
The policy of paying no dividend due to the deficit in retained earnings brought forward and the need to stabilize the management base, together with the intention to resume dividend payments, has been reaffirmed. - FY2019RestatedAnnual report
「As retained earnings brought forward are in deficit during the current fiscal year, we will pay no dividend to stabilize our management base. We will continue to work diligently to improve performance with a view to resuming dividend payments.」
The policy of paying no dividend due to the deficit in retained earnings brought forward and the need to stabilize the management base, together with the intention to resume dividend payments, has been reaffirmed. - FY2018ReframedAnnual report
「As retained earnings brought forward are in deficit during the current fiscal year, we will pay no dividend to stabilize our management base. We will continue to work diligently to improve performance with a view to resuming dividend payments.」
The explanation for the no-dividend policy has shifted from securing internal funds for business reinvestment to the deficit in retained earnings brought forward for the current fiscal year and stabilizing the management base. The company has also stated its intention to resume dividend payments. - FY2016First statedAnnual report
「For the next fiscal year, we expect continued growth in the equipment leasing business to further stabilize our earnings structure. However, we plan to pay no year-end dividend in order to secure the internal funds needed for reinvestment to actively develop new businesses in the equipment leasing and operations businesses, including ix-board, DPS-150 and DPS-150Light.」
The company has indicated a no-dividend policy for the current and next fiscal years, citing the current-period deficit and the need to secure internal funds for business reinvestment.