No-Dividend Policy Prioritizing Retained Earnings and Reduction of Interest-Bearing Debt, with Future Dividends in View
First written in FY2024. 3 of 9 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-10-14.
50 other companies' latest entry also says "Restated".
- FY2027-H1AdvancedAnnual report
「13 April 2026 Board of Directors Common shares ¥507.357 million ¥21.00 28 February 2026 12 May 2026」
For the year-end dividend for the fiscal year ended February 2026, the Company resolved to pay a total of ¥507.357 million, or ¥21 per share, and reported that payment was made on 12 May 2026. - 2026-07-14RestatedEarnings
「Fiscal year ending February 2027 (forecast) 0.00 – 21.00 21.00」
The annual dividend forecast for the fiscal year ending February 2027 was set at ¥21 per share, unchanged from the latest published forecast. - FY2026RaisedAnnual report
「(1) Target a total payout ratio of at least 30%, including dividends and share repurchases. (2) Target a dividend payout ratio of 15–30% and seek to achieve a stable increase in dividend levels. (3) Position share repurchases as a flexible capital policy that contributes to improving return on capital, and consider implementing them comprehensively after taking into account the market share price, share liquidity and the Company's financial position, among other factors.」
The shareholder return policy was expanded from a dividend payout ratio of 15–30% to a policy targeting a total payout ratio of at least 30% and including share repurchases. The dividend for the fiscal year ending February 2026 is ¥21 per share, and ¥21 per share is also planned for the fiscal year ending February 2027. - 2026-05-07AdvancedGeneral Meetings of Shareholders
「(1) As a guideline, target a total payout ratio of at least 30%, including dividends and treasury share acquisitions. (2) As a guideline, target a dividend payout ratio of 15–30% and seek to steadily increase dividend levels.」
The shareholder return policy newly specified a guideline for the total payout ratio and stated that a dividend of ¥21 per share was paid for the fiscal year ended February 2026 and is scheduled to be paid for the fiscal year ending February 2027. - FY2026-H1AdvancedAnnual report
「14 April 2025 Board of Directors Common shares ¥218,786 thousand ¥9.00 28 February 2025 30 May 2025」
The initial dividend for the fiscal year ended February 2025 was paid on 30 May 2025, totaling ¥218,786 thousand, or ¥9 per share. - FY2025RaisedAnnual report
「At the Board of Directors meeting held on 14 April 2025, the Company resolved to pay an initial dividend of ¥9.00 per share for the fiscal year ended February 2025. Its basic policy is to target a dividend payout ratio of 15–30% and achieve a stable increase in dividend levels.」
The shareholder return policy changed from no dividends with the timing of implementation undecided to a policy targeting an initial dividend of ¥9 and a dividend payout ratio of 15–30%. - FY2024First statedAnnual report
「The Company is not currently paying dividends in order to expand its business and strengthen its financial position, but recognizes the importance of returning profits to shareholders. Going forward, the Company plans to pay stable and continuous dividends to shareholders after further strengthening its earnings capacity and business base and taking into account the level of retained earnings and the business environment surrounding the Company. However, the possibility and timing of dividend payments have not been determined at this time.」
The Company is currently paying no dividends and is prioritizing the strengthening of retained earnings and reductions in interest-bearing debt. A policy of stable and continuous dividends in the future was also described.