Policy of Retaining Earnings and Prioritizing Growth Investment While Paying No Dividends
First written in FY2022. 3 of 8 entries say "Softened", first in FY2025-H1. Latest entry: 2026-08-14.
- FY2025SoftenedAnnual report
「At the same time, the Company remains committed to pursuing growth and recognizes the importance of building retained earnings and preparing for future investment opportunities. Accordingly, it will seek to maximize sustainable corporate value while maintaining a balance between returning profits to shareholders and investing for growth.」
The policy has changed from prioritizing growth investment without paying dividends to balancing profit returns through dividends with retained earnings and growth investment. - FY2025-H1SoftenedAnnual report
「当事業年度（2024年10月１日から2025年９月30日までの会計年度）より配当を開始する方針であるため、前事業年度の有価証券報告書に記載した「第一部企業情報 第２事業の状況 ３事業等のリスク」の「(4)その他のリスク(配当政策について)」は消滅しております。」
The policy has changed from not paying dividends while prioritizing capital investment in business expansion and sustainable growth to beginning dividend payments from the fiscal year beginning 1 October 2024. - FY2024RestatedAnnual report
「At present, we have determined that actively investing capital to expand the business and achieve sustainable growth will provide the greatest return to shareholders, and we have not paid dividends since our founding.」
The Company maintains its policy of prioritizing capital investment in business expansion and sustainable growth and the use of retained earnings over dividends. - FY2023RestatedAnnual report
「We believe that strengthening our financial position, building retained earnings to expand the business, and allocating funds to investments that diversify our earnings base and strengthen our earning power, in addition to strengthening our financial position, will provide the greatest return to shareholders.」
The Company reiterates its policy of prioritizing strengthening its financial position, retained earnings, and investment in business expansion and earning-power growth over dividends. - FY2022First statedAnnual report
「We believe that strengthening our financial position, building retained earnings to expand the business, and allocating funds to investments that diversify our earnings base and strengthen our earning power, in addition to strengthening our financial position, will provide the greatest return to shareholders.」
The Company indicates that it prioritizes strengthening its financial position, building retained earnings, and investing to diversify its earnings base and strengthen its earning power, rather than paying dividends.