Financial Soundness, Capital Efficiency and Investment Allocation under Long-Term Vision 2026
First written in FY2017. 3 of 10 entries say "Advanced", first in FY2024. Latest entry: FY2026.
Megmilk Snow Brand moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
53 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The ratio was 8.9% at the end of fiscal 2025. We will continue to reduce our holdings after maintaining sufficient dialogue with business partners and comprehensively considering the significance of holding them and market conditions.」
The company reduced policy-held shares as a percentage of net assets from more than 20% in fiscal 2021 to 8.9% at the end of fiscal 2025, and is proceeding to improve asset efficiency and convert the proceeds into funds for growth investment. - 2026-05-14Cited as achievedEarnings presentation
「Adjusted ROE (%)※1 5.8 6.5 9.0」
For the financial metrics under Next Design 2030, the company presented adjusted ROE of 5.8% for FY2025, an interim milestone of 6.5% for FY2027 and a FY2030 target of 9.0%. - FY2026-H1AdvancedAnnual report
「In connection with the relocation of our head office building in December 2025, we decided to transfer the fixed assets we own, including land and buildings, to improve asset efficiency in accordance with the basic financial policy of the new management plan, Next Design 2030. We expect to record approximately ¥17.5 billion in extraordinary income as a gain on the sale of fixed assets in the first quarter of the fiscal year ending March 2027.」
Based on the basic financial policy of Next Design 2030, the company decided to transfer its head office building as a specific measure to improve asset efficiency. The transfer price is ¥23.6 billion, the gain on transfer is expected to be approximately ¥17.5 billion, and handover is scheduled for May 2026. - FY2025RaisedAnnual report
「In addition, our management commitment is to achieve adjusted ROE of 9.0% or more and ROIC of 6.0% or more by 2030, excluding asset sales.」
The company has raised its capital efficiency targets from the previous long-term target of ROE of 8% or more, among others, to adjusted ROE of 9% or more and ROIC of 6% or more by 2030, and has also set total investment of approximately ¥320 billion through 2030. - FY2024AdvancedAnnual report
「We are proceeding with the sale of policy-held shares. In fiscal 2023, they decreased by 1.9 percentage points from the previous year as a percentage of net assets, to 17.9%, while the number of holdings decreased by 14 to 53. We will continue reducing them with the aim of bringing them below 10% of net assets by the end of fiscal 2025.」
The company reduced its policy-held shares to 53 issues, representing 17.9% of net assets, and set a time-bound target of reducing them to below 10% by the end of fiscal 2025. - FY2023ReframedAnnual report
「Our group will pursue management with a focus on capital efficiency. To improve ROE going forward, we will seek to generate additional profit and improve profitability by strengthening our overseas business and entering the alternative food market, in addition to growing existing businesses. We will also sell policy-held shares, real estate and other assets, allocating the resulting cash to growth investment, while improving capital efficiency through alliances and collaboration with external parties and optimization of group functions.」
The company has reorganized its Long-Term Vision 2026 financial targets and investment policy around improving ROE, investing in overseas businesses and alternative foods, and improving capital efficiency through the sale of policy-held shares and real estate. - FY2021RestatedAnnual report
「We are targeting final-year consolidated ROE of 8% or more, a consolidated equity ratio of 50% or more and a consolidated dividend payout ratio of 30% or more. Total investment over 10 years under the Group Long-Term Vision 2026 was originally planned at ¥300 billion to ¥400 billion, but has been revised to ¥280 billion in light of investment to date and the current management environment.」
The company continues to maintain its long-term targets for ROE, the equity ratio and the dividend payout ratio, as well as the revision of total investment over 10 years to ¥280 billion. - FY2020SoftenedAnnual report
「Total investment over 10 years under the Group Long-Term Vision 2026 was originally planned at ¥300 billion to ¥400 billion, but has been revised to ¥280 billion in light of investment to date and the current management environment.」
The company has revised total investment over 10 years under the long-term vision from ¥300 billion to ¥400 billion to ¥280 billion. - FY2019SoftenedAnnual report
「Under the cash flow allocation policy, total investment during the period of the Group Medium-Term Management Plan 2019 was originally planned at ¥77 billion. However, taking market conditions into account, we will determine the timing of investment, including investments in Stage 2 of the Group Long-Term Vision 2026.」
While maintaining the long-term targets of ROE of 8% or more, an equity ratio of 50% or more, a dividend payout ratio of 30% or more and total investment of ¥300 billion to ¥400 billion, the company will determine the timing of the ¥77 billion investment during the medium-term plan period, including Stage 2. - FY2017First statedAnnual report
「We are targeting consolidated ROE of 8% or more, a consolidated equity ratio of 50% or more and a consolidated dividend payout ratio of 30% or more in 10 years. We also plan total investment of ¥300 billion to ¥400 billion over the 10-year period.」
The company has newly presented the target levels for ROE, the equity ratio and the dividend payout ratio under Long-Term Vision 2026, together with total investment over 10 years, as an integrated cash flow allocation policy.