Establishing an Operating Model and Financial Strategy to Enhance Shareholder Value

「In the first year of the medium-term management plan, Vision 2030, the company plans to make carefully selected capital investments aimed at improving capital efficiency and to use capital effectively over the long term.」

「Consolidated operating profit increased by ¥9,828 million year on year, reflecting a reduction in the loss, to a loss of ¥240 million (compared with a loss of ¥10,069 million in the same period of the previous year). This was due in part to the increase in business profit, reflecting a reduction in the loss, and an increase in other non-recurring income resulting from a gain of ¥4,808 million on the sale of property, plant and equipment recognized during the optimization of the balance sheet.」

「In the vending business, the company revalued fixed assets to achieve optimal capital allocation in the future and recognized an impairment loss with no associated cash outflow.」

「Other income (non-recurring) consists of, among other items, a gain on the sale of property, plant and equipment of ¥5,429 million recognized in the course of optimizing the balance sheet.」

「Other income (non-recurring) consists of, among other items, a gain on the sale of property, plant and equipment of ¥5,429 million recognized in the course of optimizing the balance sheet.」

「Other income (non-recurring) consists of, among other items, a gain on the sale of property, plant and equipment of ¥5,412 million recognized in the course of optimizing the balance sheet.」

「Other income (non-recurring) for the fiscal year includes, among other items, a gain on the sale of property, plant and equipment of ¥4,401 million recognized in the course of improving the balance sheet.」

「Other income (non-recurring) for the nine months ended the third quarter includes, among other items, a gain on the sale of property, plant and equipment of ¥2,150 million recognized in the course of optimizing the balance sheet.」

「In addition, the company has announced a medium-term management plan through 2028. Under the plan, it aims to achieve annual revenue growth of 2% to 3%, a business profit margin of at least 5% in 2028, and ROIC (return on invested capital) of at least 5%.」

「Other income (non-recurring) for the first quarter includes, among other items, a gain on the sale of property, plant and equipment of ¥1,116 million recognized in the course of improving the balance sheet.」

「As the foundation for the business as a whole, we will further accelerate efficiency through standardizing business processes and digital transformation (DX), with the aim of establishing a resilient cost structure capable of responding nimbly to changes in the environment. We will also focus on improving the balance sheet from the perspective of appropriately managing and deploying capital.」

「Capital is being managed and deployed appropriately. Amid a rapidly changing business environment, the company emphasizes securing liquidity and optimizing its capital structure through a strong balance sheet and sufficient debt capacity. It is reviewing the priorities for uses of cash, including capital expenditures and dividend forecasts.」

「The new medium-term plan "THE ROUTE to 2024" was announced. The company is emphasizing cost reductions through transformation and focusing on investments necessary to achieve sales growth, including growth in volume and value share, as well as improving margins and ROE.」

「The ¥25.0 billion treasury share acquisition conducted as a measure to enhance shareholder value was completed at the end of February.」

「As part of its financial strategy to enhance shareholder value, the Company announced in November an additional ¥25.0 billion treasury share acquisition plan, following the ¥55.9 billion self-tender offer for treasury shares conducted in the first half. The annual dividend for the current fiscal year is ¥50 per share, up ¥6 year on year.」

「The medium-term management plan through 2020, "Growth Roadmap for 2020 & beyond," announced in June 2017, identifies the establishment of a new operating model and comprehensive financial strategy to enhance shareholder value as a key item. Under this policy, following the self-tender offer for treasury shares conducted in the first quarter of 2018 (tender offer period: 22 February 2018 to 22 March 2018), the Company will acquire additional treasury shares.」

「The Group has formulated a Medium-Term Management Plan for 2018 to 2020 as a guide for achieving sustainable growth. Under the plan, the Group defines its desired future state as “an excellent company with dignity” and will conduct its activities around the following 3 pillars: “growth strategy,” “efficiency strategy” and “structural strategy.”」

「The Company announced its medium-term business plan through 2020, “Growth Roadmap for 2020 & beyond,” identifying as priorities sales growth accompanied by earnings, creation of integration synergies, establishment of an operating model and financial strategy to enhance shareholder value, investment in human resources development and contribution to local communities.」

「The Company also announced its medium-term business plan through 2020, "Growth Roadmap for 2020 & beyond," identifying as key items growth in revenue accompanied by earnings, the creation of integration synergies, the establishment of an operating model and financial strategy to enhance shareholder value, investment in talent development, and contributions to local communities.」