No-Dividend Policy Prioritizing Growth Investment
First written in FY2023. 7 of 9 entries say "Restated". Latest entry: 2026-09-14.
- 2026-09-14RestatedRevisions to earnings forecasts
「Fiscal year ending July 2027 (forecast): — 0.00 — 0.00 0.00」
The dividend forecast for the fiscal year ending July 2027 is also ¥0.00 for both the interim and year-end dividends. - FY2026-H1RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividend was paid during the interim consolidated accounting period. - FY2025ReframedAnnual report
「Our basic policy is to pay continuous and stable dividends, placing shareholder returns first while taking into account the need to secure retained earnings. Because we are in a business-expansion phase, we prioritized securing retained earnings to strengthen our management base and pursue proactive business expansion. Accordingly, after considering our financial condition and performance for the fiscal year, we decided not to pay a year-end dividend.」
The Company continues not to pay dividends, but has revised the wording of its policy to explicitly state that shareholder returns come first while retained earnings are secured. - FY2025-H1RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividend was paid during the interim consolidated accounting period. - FY2024RestatedAnnual report
「Accordingly, for the fiscal year we decided that it was important to build retained earnings, strengthen our corporate structure and prioritize investment in business growth, and decided not to pay a dividend for the fiscal year.」
The Company reaffirms its policy of prioritizing growth investment and retained earnings and not paying a dividend for the period. - FY2024-Q3RestatedAnnual report
「1. Dividends paid: Not applicable.」
No dividend was paid for the first 3 quarters of the consolidated fiscal year. - FY2024-Q2RestatedAnnual report
「No per-share dividend amount is presented because no dividends have been paid.」
No dividends were paid in the second-quarter cumulative period. - FY2024-Q1RestatedAnnual report
「No per-share dividend is stated because the Company has not paid a dividend.」
The Company also states that no dividend was paid during the quarter. - FY2023First statedAnnual report
「For the fiscal year, we decided not to pay a dividend because we judged it important to strengthen our corporate structure by building retained earnings and to prioritize investment in business growth.」
A policy of paying dividends in the future is stated, but the timing of any dividend remains undecided.