Allocation of funds to ongoing capital expenditures and growth investment, financial stability and shareholder returns
First written in FY2021-Q1. 3 of 9 entries say "Restated". Latest entry: FY2026.
52 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The funds raised are allocated to maintenance capital expenditures and growth investments, while financial stability is secured through appropriate control of interest-bearing debt. Shareholder returns are implemented comprehensively in consideration of cash flow generated by business activities and other factors.」
The company continues, based on its track record, to allocate funds across capital expenditures and growth investments, debt-level management, and shareholder returns. - 2026-05-13AdvancedEarnings presentation
「Business investment: reduced from the initial plan of approximately ¥180 billion to approximately ¥160 billion」
Revised the business investment plan downward by approximately ¥20 billion while prioritizing investment in growth areas under the cash allocation policy. - FY2026-H1RaisedAnnual report
「With regard to cash allocation and shareholder returns, the company will concentrate resources on growth areas, make greater use of interest-bearing debt and strengthen shareholder returns toward an optimal capital structure (*), thereby seeking to reduce its cost of capital. In addition to raising its target payout ratio from 30% to 40%, the company plans to conduct flexible share buybacks as appropriate.」
The company is advancing its previous allocation policy for growth investments, financial stability, and shareholder returns toward a policy focused on concentrating resources on growth areas, achieving an optimal capital structure through the use of debt, reducing the cost of capital, and raising the payout ratio to 40%. - FY2024ReframedAnnual report
「While the company has traditionally focused on maintaining financial soundness, going forward it will seek to reduce its cost of capital and maximize corporate value by pursuing an optimal capital structure while maintaining financial soundness and making measured use of debt.」
The company reorganized its previous allocation of funds to capital expenditures, growth investments, financial stability, and shareholder returns into a policy focused on an optimal capital structure, reducing the cost of capital, and improving ROE and PBR. - FY2024-Q1RestatedAnnual report
「Under its “financial strategy focused on efficiency,” the company aims to execute growth investments strategically and use funds with due consideration for shareholder returns and its financial position, while pursuing ROE improvement with an emphasis on capital efficiency.」
The company continues its policy of allocating funds with a focus on growth investments, shareholder returns, its financial position, and ROE improvement. - FY2022ReframedAnnual report
「Under its “financial strategy focused on efficiency,” the company aims to execute growth investments strategically and use funds with due consideration for shareholder returns and its financial position, while also pursuing ROE improvement with an emphasis on capital efficiency.」
The company reorganized its previous allocation of funds to capital expenditures, growth investments, financial stability, and shareholder returns as a financial strategy focused on efficiency under its new medium-term management plan. - FY2022-Q1RestatedAnnual report
「The funds raised are allocated to maintenance capital expenditures and growth investments, while the company secures its operating base by maintaining financial stability through appropriate control of interest-bearing debt, with the remaining funds allocated to shareholder returns.」
The company continues its policy of allocating funds to capital expenditures and growth investments, maintaining financial stability, and shareholder returns. - FY2021-Q3RestatedAnnual report
「The funds raised are allocated to maintenance capital expenditures and growth investments, while the company secures its operating base by maintaining financial stability through appropriate control of interest-bearing debt, with the remaining funds allocated to shareholder returns.」
The company continues its policy of allocating funds to maintenance capital expenditures and growth investments, maintaining financial stability, and shareholder returns. - FY2021-Q1First statedAnnual report
「The funds raised are allocated to maintenance capital expenditures and growth investments, while the company secures its operating base by maintaining financial stability through appropriate control of interest-bearing debt, with the remaining funds allocated to shareholder returns.」
The company has for the first time explicitly stated its policy of allocating funds to maintenance capital expenditures and growth investments, maintaining financial stability, and shareholder returns.