Policy of Prioritizing Growth Investment and Not Paying Dividends
First written in FY2022. 5 of 10 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1AchievedAnnual report
「At a meeting of the Board of Directors held on 3 March 2026, it was resolved to pay a dividend of surplus as follows. (a) Total dividend amount ¥48 million (b) Dividend per share ¥15.00 (c) Effective date of dividend payment claim and payment commencement date 11 March 2026」
The FY2025 year-end dividend totaled ¥48,721 thousand and was ¥15 per share after the stock split. This was the second dividend paid under the policy of one annual year-end dividend. - FY2025RestatedAnnual report
「While establishing a growth base through investment for future growth and strengthening our financial condition, our basic policy is to pay an annual year-end dividend for the time being, using a payout ratio of approximately 20% to 30% as a guideline.」
Following the shift from the no-dividend policy, the policy of growth investment, financial-base strengthening and one annual year-end dividend with a payout ratio of approximately 20% to 30% has continued. The FY2025 dividend was ¥15 per share after the stock split, with a payout ratio of 28.26%. - FY2025-H1AchievedAnnual report
「4 March 2025 Board of Directors Common shares Retained earnings 48,118 30 31 December 2024 12 March 2025」
For the FY2024 year-end dividend, ¥30 per share, totaling ¥48,118 thousand, was paid on 12 March 2025, confirming the first dividend. - FY2024ReframedAnnual report
「However, revenue and operating profit performed strongly in the current fiscal year, reaching record highs. In light of this steady business growth and the stabilization of our management base, we determined that it was possible to begin returning profits to shareholders while continuing to invest in growth opportunities, and decided to pay our first dividend. The year-end dividend for the current fiscal year is ¥30 per share, taking into account current results and future business development. From the next fiscal year onward, our basic policy is to pay a stable and continuous annual year-end dividend, using a payout ratio of approximately 20% to 30% as a guideline.」
The company shifted from its no-dividend policy since founding and paid its first dividend of ¥30 per share. It newly adopted a basic policy of one year-end dividend annually with a payout ratio of approximately 20% to 30%. - FY2024-H1RestatedAnnual report
「For the interim consolidated accounting period from 1 January 2024 to 30 June 2024: 1. Matters concerning dividends Not applicable.」
No dividend matters were reported for the interim consolidated accounting period, consistent with the policy of prioritizing growth investment and retained earnings. - FY2023RestatedAnnual report
「Because we remain in the growth phase, we have not paid dividends in the past, as our policy is to strengthen retained earnings to stabilize the management base and further enhance corporate value through investments for business expansion.」
The policy of not paying dividends and using retained earnings for business expansion and financial-base stabilization has continued. The timing of dividend payments remained undecided. - FY2022First statedAnnual report
「Because we remain in the growth phase, we have not paid dividends in the past, as our policy is to strengthen retained earnings to stabilize the management base and further enhance corporate value through investments for business expansion.」
The timing of dividend payments remains undecided, and retained earnings are to be used for investments such as capital expenditures to expand the business.