Enhancing Shareholder Value Through Earnings Recovery and Resumption of Dividends
First written in FY2017. 17 of 35 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
Land 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 "Softened".
- FY2026SoftenedAnnual report
「With respect to dividends for the fiscal year, after comprehensively considering performance and financial conditions for the fiscal year ending February 2026, we decided to pay no dividend in order to secure funds for pursuing investment more actively to contribute to improved performance from the fiscal year ending February 2027 onward, and to enhance corporate value over the medium to long term through the fruits of new investments, which we determined would contribute to enhancing shareholder value.」
The decision changed from a dividend of ¥0.1 per share for the 3 fiscal years through FY2025 to no dividend for FY2026. The reason given was to secure funds for new investments that would contribute to improved performance from the fiscal year ending February 2027 onward, weakening shareholder returns for the current fiscal year after dividends had been restored. - FY2026-H1Cited as achievedAnnual report
「Board of Directors resolution dated 10 April 2025 Ordinary shares 153,790 0.1 28 February 2025 8 May 2025 Retained earnings」
Regarding the year-end dividend for the 29th fiscal year, paid after dividends were restored, the Company reconfirms that a dividend totaling ¥153,790 thousand, or ¥0.1 per share, was paid from 8 May 2025. - FY2025AdvancedAnnual report
「With respect to dividends for the fiscal year, after comprehensively considering the Group’s funding needs for medium- to long-term growth and the outlook for the future operating environment, we decided to pay a dividend of ¥0.1 per share. As a result, the consolidated dividend payout ratio for the fiscal year was 17.2%.」
In the current fiscal year, the third fiscal year since dividends were restored, the Company decided to pay a dividend of ¥0.1 per share, totaling ¥153,790 thousand, resulting in a consolidated dividend payout ratio of 17.2%. Shareholder returns have continued since dividends were restored. - FY2025-H1Cited as achievedAnnual report
「Board of Directors resolution dated 18 April 2024 Ordinary shares 145,456 0.1 29 February 2024 9 May 2024 Retained earnings」
Regarding the year-end dividend for the 28th fiscal year, paid after dividends were restored, the Company reconfirms that a dividend totaling ¥145,456 thousand, or ¥0.1 per share, was paid from 9 May 2024. - FY2025-Q1Cited as achievedAnnual report
「With respect to the year-end dividend for the 28th fiscal year (1 March 2023 to 29 February 2024), the Board of Directors, at its meeting held on 18 April 2024, resolved to pay and paid a year-end dividend as follows to shareholders listed or recorded in the final shareholder register as of 29 February 2024. / ① Total dividend amount: ¥145,456 thousand / ② Dividend per share: ¥0.10 / ③ Effective date of the dividend payment claim and payment commencement date: 9 May 2024」
Dividend payments have continued since their restoration, and the Company reconfirms that the year-end dividend for the 28th fiscal year, totaling ¥145,456 thousand, or ¥0.10 per share, was paid from 9 May 2024. - FY2024-Q3Cited as achievedAnnual report
「Board of Directors resolution dated 20 April 2023 / Ordinary shares / 143,372 / 0.1 / 28 February 2023 / 11 May 2023 / Retained earnings」
Regarding the year-end dividend for the 27th fiscal year, paid after dividends were restored for the first time in 14 fiscal years, the Company reconfirms that a dividend totaling ¥143,372 thousand, or ¥0.1 per share, was paid with 11 May 2023 as the effective date. - FY2024-Q1Cited as achievedAnnual report
「With respect to the year-end dividend for the 27th fiscal year (1 March 2022 to 28 February 2023), the Board of Directors, at its meeting held on 20 April 2023, resolved to pay and paid a year-end dividend as follows to shareholders listed or recorded in the final shareholder register as of 28 February 2023. ① Total dividend amount: ¥143,372 thousand ② Dividend per share: ¥0.10 ③ Effective date of the dividend payment claim and payment commencement date: 11 May 2023」
The Company reconfirms that the year-end dividend of ¥0.10 per share, totaling ¥143,372 thousand, decided for the previous fiscal year, was paid on 11 May 2023. - FY2023AdvancedAnnual report
「With respect to dividends for the fiscal year, after comprehensively considering the Group’s funding needs for medium- to long-term growth and the outlook for the future operating environment, we decided to pay a dividend of ¥0.1 per share. As a result, the consolidated dividend payout ratio for the fiscal year was 11.2%.」
Following the previous fiscal year, when dividends were restored for the first time in 14 fiscal years, the Company decided to pay a dividend of ¥0.1 per share for the current fiscal year. The consolidated dividend payout ratio was 11.2%, and dividend payments have continued since their restoration. - FY2023-Q3Cited as achievedAnnual report
「Board of Directors resolution dated 21 April 2022 Ordinary shares 143,372 0.1 28 February 2022 12 May 2022 Retained earnings」
Regarding the year-end dividend for the 26th fiscal year, which was decided as the resumption of dividends for the first time in 14 fiscal years, the Company reconfirms that a dividend totaling ¥143,372 thousand, or ¥0.1 per share, was paid with 12 May 2022 as the effective date. - FY2023-Q2Cited as achievedAnnual report
「Board of Directors resolution dated 21 April 2022 Ordinary shares 143,372 0.1 28 February 2022 12 May 2022 Retained earnings」
Regarding the year-end dividend for the 26th fiscal year, which was decided as the resumption of dividends for the first time in 14 fiscal years, the Company reconfirms that a dividend totaling ¥143,372 thousand, or ¥0.1 per share, was paid with 12 May 2022 as the effective date. - FY2023-Q1AchievedAnnual report
「With respect to the year-end dividend for the 26th fiscal year (1 March 2021 to 28 February 2022), the Board of Directors, at its meeting held on 21 April 2022, resolved to pay and paid a year-end dividend as follows to shareholders listed or recorded in the final shareholder register as of 28 February 2022. ① Total dividend amount ……………………………………… ¥143 million ② Dividend per share ………………………………… ¥0.10 ③ Effective date of the dividend payment claim and payment commencement date ………… 12 May 2022」
For the resumption of dividends for the first time in 14 fiscal years, a year-end dividend of ¥0.10 per share, totaling ¥143 million, was approved, and payment commenced on 12 May 2022, confirming that it was implemented. - FY2022AchievedAnnual report
「With respect to dividends for the fiscal year, after comprehensively considering the Group’s funding needs for medium- to long-term growth and the outlook for the future operating environment, we decided to pay a dividend of ¥0.1 per share, marking the resumption of dividends for the first time in 14 fiscal years. As a result, the consolidated dividend payout ratio for the fiscal year was 8.5%.」
Regarding the previous target of restoring dividend payments, the Company decided to pay a dividend of ¥0.1 per share for the first time in 14 fiscal years, thereby restoring dividend payments. The consolidated dividend payout ratio was 8.5%. - FY2022-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended 31 December were ¥2,517 million, up 533.6% year on year; operating profit was ¥1,672 million, compared with an operating loss of ¥320 million in the same period of the previous year; ordinary profit was ¥1,815 million, compared with an ordinary loss of ¥297 million; and net income attributable to owners of the parent was ¥1,815 million, compared with a net loss attributable to owners of the parent of ¥297 million.」
Regarding the recovery in performance, which was identified as a prerequisite for restoring dividend payments, the Company moved from operating, ordinary and net losses in the same period of the previous year to profit at each level during the cumulative period of the quarter. No dividend payment was applicable, and this filing does not indicate that dividend payments were actually restored. - FY2022-Q2AdvancedAnnual report
「As a result, net sales for the six months ended 30 September were ¥2,344 million, up 661.6% year on year; operating profit was ¥1,781 million, compared with an operating loss of ¥210 million in the same period of the previous year; ordinary profit was ¥1,923 million, compared with an ordinary loss of ¥190 million; and net income attributable to owners of the parent was ¥1,923 million, compared with a net loss attributable to owners of the parent of ¥190 million.」
Regarding the recovery in performance, which was identified as a prerequisite for restoring dividend payments, the Company moved from losses in the same period of the previous year to operating profit, ordinary profit and net income. No dividend payment was applicable for the quarter, and this filing does not indicate that the dividend restoration planned for the fiscal year ending February 2022 was achieved. - FY2022-Q1AdvancedAnnual report
「As a result, net sales for the three months ended 30 June were ¥2,164 million, compared with net sales of ¥141 million in the same period of the previous year; operating profit was ¥1,887 million, compared with an operating loss of ¥108 million; ordinary profit was ¥2,022 million, compared with an ordinary loss of ¥93 million; and net income attributable to owners of the parent was ¥2,022 million, compared with a net loss attributable to owners of the parent of ¥93 million.」
Regarding the recovery in performance, which was identified as a prerequisite for restoring dividend payments, the Company moved from losses at each level in the same period of the previous year to operating profit of ¥1,887 million, ordinary profit of ¥2,022 million and quarterly net income of ¥2,022 million in the quarter. However, no dividend payment was applicable for the quarter, and the restoration of dividend payments has not been indicated. - FY2021AdvancedAnnual report
「However, for the fiscal year ending February 2022, although this may change depending on future performance trends and changes in business investment, we decided to resume dividend payments for the first time in 14 fiscal years because consolidated performance is expected to remain firm, and set the forecast annual dividend at ¥0.10 per share.」
The Company moved from its previous policy of “promptly restoring dividend payments” to a specific plan to resume dividends for the first time in 14 fiscal years in the fiscal year ending February 2022, with a forecast annual dividend of ¥0.10 per share. However, it also stated that the plan could change depending on performance trends and other factors. - FY2021-Q3WorsenedAnnual report
「As a result, net sales for the nine months ended 31 December were ¥397 million, down 83.2% year on year; the operating loss was ¥320 million, compared with operating profit of ¥1,493 million in the same period of the previous year; the ordinary loss was ¥297 million, compared with ordinary profit of ¥1,500 million; and the net loss attributable to owners of the parent was ¥297 million, compared with net income attributable to owners of the parent of ¥1,397 million.」
Regarding the recovery in performance, which was identified as a prerequisite for restoring dividend payments, the Company moved from operating profit, ordinary profit and net income attributable to owners of the parent in the same period of the previous year to losses at each level during the cumulative period of the quarter. No dividend payment was applicable, and the restoration of dividend payments has not been indicated. - FY2021-Q2WorsenedAnnual report
「As a result, net sales for the six months ended 30 September were ¥307 million, down 81.5% year on year; the operating loss was ¥210 million, compared with operating profit of ¥1,025 million in the same period of the previous year; the ordinary loss was ¥190 million, compared with ordinary profit of ¥1,032 million; and the net loss attributable to owners of the parent was ¥190 million, compared with net income attributable to owners of the parent of ¥992 million.」
Regarding the recovery in performance, which was identified as a prerequisite for restoring dividend payments, the Company moved from a profit in the same period of the previous year to operating, ordinary and net losses. No dividend payment was applicable, and the restoration of dividend payments has not been indicated. - FY2021-Q1AdvancedAnnual report
「As a result, net sales for the three months ended 30 June were ¥141 million, down 31.0% year on year; the operating loss was ¥108 million, compared with an operating loss of ¥146 million in the same period of the previous year; the ordinary loss was ¥93 million, compared with an ordinary loss of ¥136 million; and the net loss attributable to owners of the parent was ¥93 million, compared with a net loss attributable to owners of the parent of ¥136 million.」
Regarding the recovery in performance, which is a prerequisite for restoring dividend payments, operating loss, ordinary loss and net loss all narrowed from the same period of the previous year. However, no dividend payment was applicable for the quarter, and dividend payments have not actually been restored. - FY2020AdvancedAnnual report
「For the Group, one of our most important management priorities is to build specifically on our corporate philosophy of “Creating Affluent and Comfortable Lifestyles” by developing “strengthening our business foundations, creating new real estate value, and enhancing shareholder value” in each business, steadily improving our operating performance, and promptly restoring dividend payments and implementing other measures.」
The recovery in performance progressed on the basis of full-year operating profit of ¥1,532 million, ordinary profit of ¥1,480 million and net income of ¥1,319 million. However, no dividend was paid for the fiscal year, and the restoration of dividend payments has not been indicated. - FY2020-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended 31 December were ¥2,369 million, up 8.2% year on year; operating profit was ¥1,493 million, up 52.1%; ordinary profit was ¥1,500 million, up 69.0%; and net income attributable to owners of the parent was ¥1,397 million, up 112.0%.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, each profit figure exceeded the level recorded in the same period of the previous year. However, no dividend-related matters were applicable, and the resumption of dividends was not reported. - FY2020-Q2AdvancedAnnual report
「As a result, net sales for the six months ended 30 September were ¥1,660 million, down 0.2% year on year; operating profit was ¥1,025 million, up 14.2%; ordinary profit was ¥1,032 million, up 26.7%; and net income attributable to owners of the parent was ¥992 million, up 60.4%.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, operating profit, ordinary profit and net income exceeded the levels recorded in the same period of the previous year. However, no dividend payments were applicable in the current quarter, and the resumption of dividends was not reported. - FY2020-Q1WorsenedAnnual report
「As a result, net sales for the three months ended 30 June were ¥205 million, down 84.4% year on year; the operating loss was ¥146 million, compared with operating profit of ¥949 million in the same period of the previous year; the ordinary loss was ¥136 million, compared with ordinary profit of ¥941 million; and the net loss attributable to owners of the parent was ¥136 million, compared with net income attributable to owners of the parent of ¥732 million.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, the current quarter moved from profitability in the same period of the previous year to an operating loss, ordinary loss and net loss. No dividend payments were applicable in the current quarter, and the resumption of dividends was not reported. - FY2019WorsenedAnnual report
「Although a system for generating stable earnings has been established, cumulative losses since the Lehman shock have not yet been recovered, and, regrettably, the company is not in a position to pay dividends for the fiscal year ending February 2019.」
Although the company states that a system for generating stable earnings has been established, it was unable to pay dividends for the fiscal year ending February 2019, and full-year results declined from the previous fiscal year. The goals of recovering business performance and resuming dividend payments remain unmet. - FY2019-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended 31 December were ¥2,189 million, down 27.8% year on year; operating profit was ¥982 million, up 38.9%; ordinary profit was ¥887 million, up 24.5%; and net income attributable to owners of the parent was ¥659 million, up 4.8%.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, the company reported operating profit, ordinary profit and net income, all of which increased. However, no dividend payments were applicable in the current quarter, and the resumption of dividends is not stated. - FY2019-Q2AdvancedAnnual report
「As a result, net sales for the six months ended 30 September were ¥1,663 million, down 29.5% year on year; operating profit was ¥898 million, up 20.7%; ordinary profit was ¥815 million, up 8.3%; and net income attributable to owners of the parent was ¥619 million, down 7.2%.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, increases in operating profit and ordinary profit and continued profitability were reported. However, no dividend payments were applicable in the current quarter, and the resumption of dividends is not stated. - FY2019-Q1AdvancedAnnual report
「As a result, net sales for the three months ended 30 June were ¥1,315 million, down 41.9% year on year; operating profit was ¥949 million, up 15.4%; ordinary profit was ¥941 million, up 13.4%; and net income attributable to owners of the parent was ¥732 million, down 0.2%.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, operating profit and ordinary profit increased year on year and remained positive. However, no dividend payments were applicable in the current quarter, and the resumption of dividends is not stated. - FY2018AdvancedAnnual report
「As a result, net sales for the fiscal year were ¥4,372 million, up 0.9% year on year; operating profit was ¥1,352 million, up 63.3%; ordinary profit was ¥1,341 million, up 70.3%; and net income attributable to owners of the parent was ¥1,203 million, up 39.2%.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, the full year showed increases in operating profit, ordinary profit and net income. However, the company states that it was not in a position to pay dividends for the fiscal year ending February 2018, and dividends have not in fact been resumed. - FY2018-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended 31 December were ¥3,033 million, up 87.9% year on year; operating profit was ¥707 million, compared with an operating loss of ¥157 million in the same period of the previous year; ordinary profit was ¥712 million, compared with an ordinary loss of ¥195 million; and net income attributable to owners of the parent was ¥629 million, compared with a net loss attributable to owners of the parent of ¥117 million.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, the cumulative first 3 quarters of the current fiscal year also showed higher revenue, operating profitability, ordinary profitability and net income. However, no dividend payments were applicable, and the filing does not state that dividends will be resumed or when. - FY2018-Q2AdvancedAnnual report
「As a result, revenue for the six months ended 30 September was ¥2,358 million, up 261.9% year on year, operating profit was ¥744 million (operating loss of ¥61 million in the same period of the previous year), ordinary profit was ¥752 million (ordinary loss of ¥97 million in the same period of the previous year), and net income attributable to owners of the parent was ¥667 million (net loss attributable to owners of the parent of ¥20 million in the same period of the previous year).」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, the current quarter also showed higher revenue, operating profitability, ordinary profitability and net income. However, this filing does not state that dividends will be resumed or when. - FY2018-Q1AdvancedAnnual report
「As a result, revenue for the three months ended 31 May was ¥2,263 million, up 305.0% year on year. Operating profit was ¥822 million, compared with an operating loss of ¥68 million in the same period of the previous year. Ordinary profit was ¥829 million, compared with an ordinary loss of ¥59 million, and net income attributable to owners of the parent was ¥733 million, compared with net income attributable to owners of the parent of ¥18 million.」
Regarding the recovery of business performance identified as a prerequisite for resuming dividend payments, the current quarter also showed higher revenue and a return to profitability. However, this filing does not state that dividends will be resumed or when. - FY2017First statedAnnual report
「Based on its corporate philosophy of creating rich and comfortable lifestyles, the Group considers one of its most important management priorities to be the reliable recovery of business performance and the prompt resumption of dividend payments by specifically implementing, for each business, the strengthening of its business foundation, the creation of new real estate value and the enhancement of shareholder value.」
For the first time, the company explicitly states its goal of recovering business performance through strengthening its business foundation, creating real estate value and enhancing shareholder value, with the aim of promptly resuming dividend payments after a period in which dividends could not be paid.