Restoring ROE to above 10% through Share Repurchases and Dividend Increases
First written in FY2021. 9 of 12 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
94 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Details of the resolution concerning the acquisition of treasury shares ② Total number of shares to be acquired 2,050,000 shares ③ Total acquisition price ¥3,983 million ④ Acquisition date 12 August 2025」
The company executed a treasury share acquisition of 2.05 million shares for ¥3,983 million to improve capital efficiency and strengthen shareholder returns. Return on equity attributable to owners of the parent was 14.9%, continuing to exceed the target of ROE above 10%. - 2026-08-12Cited as achievedOther Disclosures
「We believe that our selection for both indices reflects the objective evaluation by the stock market of our high capital efficiency (ROE), sustained profit growth, and initiatives to strengthen our corporate governance framework.」
The company cited its continued selection for the JPX-Nikkei Index 400 and new selection for the JPX-Nikkei Mid and Small Cap Index as evidence that its capital efficiency (ROE) and sustained profit growth had been recognized. The original thread remains unchanged. - FY2026-H1AdvancedAnnual report
「At a meeting held on 8 August 2025, the Board of Directors resolved to acquire treasury shares as described below, pursuant to Article 43 of the company's Articles of Incorporation under Article 459, paragraph 1 of the Companies Act, and executed the acquisition on 12 August 2025. Details of the resolution concerning the acquisition of treasury shares (1) Reason for acquiring treasury shares To strengthen shareholder returns and improve capital efficiency as part of the capital policy (2) Details of the Board of Directors' resolution concerning the acquisition of treasury shares ① Type of shares to be acquired The company's common shares ② Total number of shares to be acquired 2,050,000 shares ③ Total acquisition price ¥3,983 million ④ Acquisition date 12 August 2025」
To strengthen shareholder returns and improve capital efficiency, the company executed a treasury share acquisition of 2.05 million shares for ¥3,983 million on 12 August 2025. Even after achieving its target of restoring ROE to above 10%, the company continues to improve capital efficiency through treasury share acquisitions. - FY2024AdvancedAnnual report
「Return on equity attributable to owners of the parent (%) — △ 69.8 10.9 14.9 17.0」
Return on equity attributable to owners of the parent was 17.0% for the fiscal year ended June 2024, continuing to exceed the target of restoring ROE to above 10% by the fiscal year ending June 2025. - FY2023AchievedAnnual report
「Return on equity attributable to owners of the parent (%) — △ 69.8 10.9 14.9」
Return on equity attributable to owners of the parent was 14.9% for the fiscal year ended June 2023, exceeding the target of restoring ROE to above 10% by the fiscal year ending June 2025. - FY2023-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors at a meeting held on 5 August 2022, the company acquired treasury shares during the cumulative third quarter of the fiscal year, with the acquisition period running through 30 June 2023. As a result, treasury shares increased by ¥3,999 million (2,154,700 shares) during the cumulative third quarter.」
The company continued its treasury share acquisition to strengthen shareholder returns and improve capital efficiency, acquiring 2,154,700 shares worth ¥3,999 million during the cumulative third quarter. - FY2023-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors at a meeting held on 5 August 2022, the company acquired treasury shares during the cumulative second quarter of the fiscal year, with the acquisition period running through 30 June 2023. As a result, treasury shares increased by ¥2,759 million (1,464,800 shares) during the cumulative second quarter.」
Under a plan to acquire up to 3 million shares and ¥4 billion to strengthen shareholder returns and improve capital efficiency, the company acquired 1,464,800 shares worth ¥2,759 million during the cumulative quarter. - FY2022AdvancedAnnual report
「Details of the resolution concerning the acquisition of treasury shares (1) Reason for acquiring treasury shares To strengthen shareholder returns and improve capital efficiency as part of the medium-term management plan's capital policy (2) Details of the Board of Directors' resolution concerning the acquisition of treasury shares ① Type of shares to be acquired The company's common shares ② Total number of shares to be acquired 3,000,000 shares (maximum) ③ Total acquisition price ¥4,000 million (maximum) ④ Acquisition period From the allocation of restricted shares to eligible directors through 30 June 2023」
Following completion of the previous share buyback, the company resolved to conduct a subsequent treasury share acquisition of up to 3 million shares and ¥4 billion to strengthen shareholder returns and improve capital efficiency. - FY2022-Q3AdvancedAnnual report
「At a meeting held on 6 August 2021, the Board of Directors resolved to acquire treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing certain terms under Article 165, paragraph 3 of the same Act. The acquisition was conducted through market purchases, including the Tokyo Stock Exchange's off-auction purchase of treasury shares (ToSTNeT-3), from 10 August 2021 to 30 June 2022, subject to a maximum of 4,000,000 shares and a total acquisition price of ¥4 billion. The acquisition was completed in January 2022. As a result, during the cumulative third quarter of the fiscal year, treasury shares increased by ¥3,999 million and the number of treasury shares increased by 2,651,600 shares.」
The treasury share acquisition implemented as part of the capital policy aimed at restoring ROE to above 10% was completed in January 2022. The cumulative acquisition amount was ¥3,999 million, and the number of treasury shares increased by 2,651,600. - FY2022-Q2AdvancedAnnual report
「As a result, during the cumulative second quarter of the fiscal year, treasury shares increased by ¥3,583 million and the number of treasury shares increased by 2,418,600 shares.」
As part of its capital policy aimed at restoring ROE to above 10%, the company continued share buybacks. During the cumulative second quarter, treasury shares increased by ¥3,583 million and the number of shares increased by 2,418,600. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 6 August 2021, the Company resolved to acquire treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing the relevant provisions under Article 165, paragraph 3 of that Act. The Company is acquiring treasury shares through market purchases, including off-auction purchases of treasury shares on the Tokyo Stock Exchange (ToSTNeT-3), during the period from 10 August 2021 to 30 June 2022, up to a maximum of 4,000,000 shares and a total acquisition cost of ¥4 billion. During the first quarter consolidated cumulative period, treasury shares increased by ¥1,268 million and the number of treasury shares increased by 1,021,700 shares.」
As part of its capital policy aimed at restoring ROE to above 10% by the fiscal year ending June 2025, the Company began acquiring treasury shares up to a maximum of 4 million shares and ¥4 billion, acquiring 1,021,700 shares worth ¥1,268 million during the quarter. - FY2021First statedAnnual report
「However, the Group's actual financial position remains sound as its business expands. Through a capital and financial policy of maintaining a high total payout ratio by conducting share repurchases and increasing dividends in line with profit growth, the Group aims to restore ROE to above 10% by the fiscal year ending June 2025.」
In response to the decline in ROE resulting from increased goodwill following the management integration, the Company set a target for the first time of restoring ROE to above 10% by the fiscal year ending June 2025 through share repurchases and dividend increases in line with profit growth.