Performance-linked dividends and variable dividend policy
First written in FY2018. 5 of 9 entries say "Restated". Latest entry: 2026-06-01.
80 other companies' latest entry also says "Restated".
- 2026-06-01RestatedEarnings
「For the dividend for the fiscal year ending January 2027, we plan to determine it in conjunction with our full-year earnings outlook. We will therefore forgo the interim dividend and announce our forecast for the year-end dividend after assessing the year-end shopping season.」
Under a policy of determining dividends in line with full-year performance, the company will forgo the interim dividend and present its year-end dividend forecast after the year-end shopping season. - FY2025No dividend for the current fiscal year alongside investment in new businesses and retained earningsAnnual report
「We are in the process of shifting to a management approach that pursues growth commensurate with our capabilities over the medium to long term, while addressing the major challenge of improving profitability, in order to return profits to shareholders in the future. Accordingly, we expect to make active upfront investments, primarily in research and development for new businesses, along with the associated retention of earnings.」
While maintaining its policy of performance-linked dividends, the company paid no dividend for the current fiscal year. It indicated that it would prioritize improving profitability, investing in research and development for new businesses, and retaining earnings in preparation for future returns to shareholders. - FY2024Explicit statement of increased investment in new businesses and retention of earningsAnnual report
「Accordingly, we expect to make active upfront investments, primarily in research and development for new businesses, along with the associated retention of earnings.」
While maintaining the basic policy of performance-linked dividends and no stable dividend policy, the company reiterated its expectation of increasing upfront investment in research and development for new businesses and the associated retention of earnings. - FY2023Consideration of revising the dividend policy provisions in light of investment in new businessesAnnual report
「We are in the process of shifting to a management approach that pursues growth commensurate with our capabilities over the medium to long term, while addressing the major challenge of improving profitability, in order to return profits to shareholders in the future. Accordingly, we expect to make active upfront investments, primarily in research and development for new businesses, along with the associated retention of earnings.」
While maintaining the basic policy of performance-linked dividends and no stable dividend policy, the company has indicated that it expects to increase investment in research and development for new businesses and retained earnings, and is considering changing the relevant policy provisions to clarify its approach to the allocation of surplus. - FY2022RestatedAnnual report
「Dividends are linked to performance, and we do not have a policy of paying stable dividends.」
Although the dividend for the current fiscal year increased, the basic policy of paying performance-linked dividends rather than stable dividends remains unchanged. - FY2021RestatedAnnual report
「Dividends are linked to performance, and we do not have a policy of paying stable dividends.」
Although the dividend for the current fiscal year increased, the basic policy of paying performance-linked dividends rather than stable dividends remains unchanged. - FY2020RestatedAnnual report
「Dividends are linked to performance, and we do not have a policy of paying stable dividends.」
The company continues to state its policy of paying performance-linked dividends rather than adopting a stable dividend policy. - FY2019RestatedAnnual report
「Dividends are linked to performance, and we do not have a policy of paying stable dividends.」
The company continues its policy of paying performance-linked dividends rather than stable dividends. - FY2018First statedAnnual report
「Dividends are linked to performance, and we do not have a policy of paying stable dividends.」
The company has indicated a policy of reflecting earnings at the end of each fiscal period almost directly in its dividend policy, rather than paying stable dividends.