Maintaining approximately ¥5 billion in equity, growth investment and shareholder returns
First written in FY2018. 1 of 4 entries say "Softened", first in FY2021. Latest entry: FY2026.
17 other companies' latest entry also says "Other".
- FY2026Equity falls below the target maintenance levelAnnual report
「From the perspectives of improving capital efficiency and ensuring financial soundness, we believe that maintaining equity of approximately ¥4,000 million is optimal for the current scale of the Group's business, compared with net assets of ¥3,891 million at the end of the current consolidated fiscal year.」
While maintaining the policy of setting the equity maintenance guideline at approximately ¥4,000 million, net assets at the end of the current fiscal year were ¥3,891 million, below the guideline. - FY2026-H1Equity declines to approximately ¥3.8 billionAnnual report
「Total net assets were ¥3,816 million, a decrease of ¥385 million from the end of the previous consolidated fiscal year. This was due mainly to the recording of interim net income of ¥261 million attributable to owners of the parent, offset by the repurchase of treasury shares of ¥526 million and the payment of a year-end dividend of ¥123 million for the previous fiscal year.」
Net assets declined from ¥4,201 million to ¥3,816 million, falling below the approximately ¥4,000 million equity maintenance level indicated in FY2021. The share repurchase of ¥526 million and year-end dividend of ¥123 million are cited as factors behind the decline. - FY2021SoftenedAnnual report
「From the perspectives of improving capital efficiency and ensuring financial soundness, we believe that maintaining equity of approximately ¥4,000 million is optimal for the current scale of the Group's business, compared with net assets of ¥4,722 million at the end of the current consolidated fiscal year.」
The target level for maintaining equity has been lowered from approximately ¥5,000 million to approximately ¥4,000 million, a level appropriate for the current scale of the business. - FY2018First statedAnnual report
「From the perspectives of improving capital efficiency and ensuring financial soundness, we believe that maintaining equity of approximately ¥5,000 million is optimal for the current scale of the Group's business, compared with net assets of ¥5,610 million at the end of the current consolidated fiscal year.」
The company describes a capital allocation policy of maintaining equity at approximately ¥5,000 million, using borrowings for growth investments, and, when surplus capital is available, repurchasing shares or paying dividends.