Financial policy for preserving cash on hand, reducing expenses, and investing to enhance corporate value
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe standalone disclosure on the 3 financial policies established through the previous fiscal year on the assumption of the COVID-19 pandemic—maintaining cash on hand, restraining recurring expenses and investing to enhance corporate value—cannot be identified in this filing.
- FY2021SoftenedAnnual report
「In consideration of the economic damage associated with COVID-19, we have established the following 3 financial policies and will work to secure operating funds and thoroughly review expenses: ⅰ) Maintain cash on hand to respond to changes in the business environment ⅱ) Restrain recurring expenses to improve profitability ⅲ) Make investments to enhance corporate value」
The policy of maintaining cash on hand and investing to enhance corporate value continues, while recurring expenses are now described as being "restrained" rather than "significantly reduced" as in the previous disclosure. - FY2021-Q3RestatedAnnual report
「Profit exceeded expectations because sales of high-value-added maintenance construction work and maintenance fees were higher than expected, and because we continued to work to reduce expenses and restrain investment.」
The filing identifies higher sales of maintenance construction work and maintenance fees, together with continued efforts to reduce expenses and restrain investment, as factors affecting profit. - FY2021-Q2RestatedAnnual report
「Profit exceeded expectations because sales of high-value-added maintenance construction work and maintenance fees were higher than expected, and because we worked to reduce expenses and restrain investment.」
The filing identifies efforts to reduce expenses and restrain investment as factors affecting profit, but there has been no change to the financial policy itself. - FY2020First statedAnnual report
「In consideration of the economic damage associated with COVID-19, we have established the following 3 financial policies and will work to secure operating funds and thoroughly review expenses: ⅰ) Maintain cash on hand to respond to changes in the business environment ⅱ) Significantly reduce recurring expenses to improve profitability ⅲ) Make investments to enhance corporate value」
In light of the economic impact of the infectious disease, the company has established 3 financial policies: maintaining cash on hand, significantly reducing recurring expenses and investing to enhance corporate value.