Strengthening the Corporate Base and Investing to Expand the Business Foundation Through Retained Earnings
First written in FY2016. 24 of 29 entries say "Advanced", first in FY2018. Latest entry: 2026-09-14.
13 other companies' latest entry also says "Reframed".
- 2026-09-14ReframedM&A and Subsidiary Changes
「Freed from constraints such as the need to consider stable dividends as a listed company, we will be able to allocate cash flow more flexibly to growth investments, M&A and strengthening our financial foundation.」
As an effect of going private, the company indicated that it would be able to allocate cash flow more flexibly to growth investments, M&A and strengthening its financial foundation without the need to consider stable dividends. - FY2026AdvancedAnnual report
「Net cash used in investing activities was ¥671 million, an increase of ¥412 million from the previous fiscal year. This was mainly due to ¥375 million in expenditure for the acquisition of property, plant and equipment related to capital expenditures and other projects at the plants. All such expenditures were funded with internal funds.」
Using internal funds, the company spent ¥375 million on plant equipment and other projects, and implemented its policy of allocating retained earnings to investment in its business infrastructure. - 2026-06-04RestatedGeneral Meetings of Shareholders
「With respect to retained earnings, we intend to use them as set forth below to strengthen our management foundation in preparation for proactive business expansion in the future.」
The company reiterated its policy of using retained earnings for future business expansion and strengthening its management foundation, and indicated a transfer of ¥300 million to a reserve for specific purposes. - FY2026-H1AdvancedAnnual report
「This was mainly attributable to ¥181 million in expenditures for the acquisition of property, plant and equipment related to capital investments and other items for research facilities at the Sodegaura Plant. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥181 million on research facilities and other capital expenditures at the Sodegaura plant, and continued investing in its business infrastructure using retained earnings and internal funds. - FY2025-H1AdvancedAnnual report
「This was mainly attributable to ¥138 million in expenditures for the acquisition of property, plant and equipment related to capital investments and other items at the Shodoshima Plant. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥138 million on capital expenditures and other projects at the Shodoshima plant, and continued investing in its business infrastructure. - FY2024-Q3AdvancedAnnual report
「Net cash used in investing activities was ¥210 million, a decrease of ¥254 million in expenditure from the same period of the previous year. This was mainly due to ¥211 million in expenditure for the acquisition of property, plant and equipment related to capital investment at the Shodoshima Plant and other projects. All such expenditures were funded from internal funds.」
The company continued capital expenditures at the Shodoshima plant and other facilities using internal funds, and implemented its policy of allocating retained earnings to its business infrastructure. - FY2024-Q2AdvancedAnnual report
「This was mainly due to ¥181 million in expenditure for the acquisition of property, plant and equipment related to capital investment at the Shodoshima Plant and other projects. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥181 million on capital expenditures and other projects at the Shodoshima plant, and implemented its policy of allocating retained earnings to investment in its business infrastructure. - FY2024-Q1AdvancedAnnual report
「Net cash used in investing activities was ¥153 million, a decrease of ¥38 million from the same period of the previous year. This was mainly due to ¥117 million in expenditure for the acquisition of property, plant and equipment related to capital expenditures and other projects involving IT infrastructure. All such expenditures were funded with internal funds.」
Using internal funds, the company spent ¥117 million on capital expenditures and other projects involving IT infrastructure, and continued investing in its business infrastructure using retained earnings and internal funds. - FY2023AdvancedAnnual report
「Net cash used in investing activities was ¥720 million, an increase of ¥247 million in expenditure from the previous fiscal year. This was mainly due to ¥656 million in expenditure for the acquisition of property, plant and equipment related to capital investment at the Shodoshima Plant and other projects. All such expenditures were funded from internal funds.」
The company continued capital expenditures at the Shodoshima plant and other facilities using internal funds, and is implementing its policy of allocating retained earnings to its business infrastructure. - FY2023-Q3AdvancedAnnual report
「Although there were factors increasing cash inflows, including ¥46 million in proceeds from the cancellation of insurance reserve funds, this was mainly due to ¥423 million in expenditure for the acquisition of property, plant and equipment related to capital investment at the Shodoshima Plant and other projects. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥423 million on capital expenditures and other projects at the Shodoshima plant, and continued its policy of allocating retained earnings to investment in its business infrastructure. - FY2023-Q2AdvancedAnnual report
「All such expenditures will be funded with internal funds.」
The company used internal funds to carry out ¥359 million in capital expenditures and other projects at the Shodoshima plant, and continued its policy of allocating retained earnings to investment in its business infrastructure. - FY2023-Q1AdvancedAnnual report
「This was mainly due to ¥252 million in expenditure for the acquisition of property, plant and equipment related to capital expenditures and other projects at the Shodoshima plant. All such expenditures were funded with internal funds.」
Using internal funds, the company spent ¥252 million on capital expenditures and other projects at the Shodoshima plant, and continued its policy of allocating retained earnings to investment in its business infrastructure. - FY2022AdvancedAnnual report
「Net cash used in investing activities was ¥473 million, a decrease of ¥372 million in expenditure from the previous fiscal year. This was mainly due to ¥576 million in expenditure for the acquisition of property, plant and equipment related to capital investment at the Shodoshima Plant and other projects. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥576 million on capital expenditures at the Shodoshima plant and other facilities, and continued its policy of allocating retained earnings to investment in its business infrastructure. - FY2022-Q3AdvancedAnnual report
「Net cash used in investing activities was ¥333 million, a decrease of ¥419 million in expenditure from the same period of the previous year. This was mainly due to ¥458 million in expenditure for the acquisition of property, plant and equipment related to capital investment at the Shodoshima Plant and other projects, despite factors increasing cash inflows, including ¥142 million in proceeds from the cancellation of insurance reserve funds. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥458 million on capital expenditures and other projects at the Shodoshima plant, and continued its policy of allocating retained earnings to investment in its business infrastructure. - FY2022-Q2AdvancedAnnual report
「Although there were factors increasing cash inflows, including ¥117 million in proceeds from the cancellation of insurance reserve funds, this was mainly due to ¥141 million in expenditure for the acquisition of property, plant and equipment related to new equipment at the Shodoshima Plant and other projects. All such expenditures were funded from internal funds.」
Using internal funds, the company spent ¥141 million on new equipment and other projects at the Shodoshima plant, and continued investing in its business infrastructure. - FY2022-Q1AdvancedAnnual report
「All such expenditures will be funded with internal funds.」
The company used internal funds to invest in new equipment and other projects at the Shodoshima plant, and continued its policy of allocating retained earnings to investment in its business infrastructure. - FY2021RestatedAnnual report
「Net cash used in investing activities was ¥846 million, a decrease of ¥3,380 million from the previous fiscal year. This was mainly due to ¥996 million in expenditure for the acquisition of property, plant and equipment, including the Sodegaura plant and other facilities completed in February of the previous fiscal year. All such expenditures were funded with internal funds.」
While continuing to invest in the Sodegaura plant and other facilities, the company recorded ¥846 million in investing expenditures, including ¥996 million in expenditure for the acquisition of property, plant and equipment, and maintained its policy of using internal funds. - FY2021-Q3AdvancedAnnual report
「Net cash used in investing activities was ¥752 million, a decrease of ¥3,370 million from the same period of the previous year. Although proceeds of ¥228 million from the sale of investment securities and other factors increased cash flow, this was mainly due to ¥911 million in expenditure for the acquisition of property, plant and equipment, including the Sodegaura plant and other facilities completed in February of the previous fiscal year. All such expenditures were funded with internal funds.」
The company spent ¥911 million on the acquisition of property, plant and equipment, including the Sodegaura plant, and continued investing in its business infrastructure using internal funds. - FY2021-Q2AdvancedAnnual report
「Net cash used in investing activities was ¥638 million, a decrease of ¥3,199 million from the same period of the previous year. This was mainly due to ¥648 million in expenditure for the acquisition of property, plant and equipment related to the Sodegaura plant and other facilities, which were completed in February of the previous fiscal year. All such expenditures were funded with internal funds.」
Using internal funds, the company spent ¥648 million on the acquisition of property, plant and equipment, including the Sodegaura plant, and continued investing in its business infrastructure. - FY2020AdvancedAnnual report
「Net cash used in investing activities was ¥4,227 million, a decrease of ¥2,201 million from the previous fiscal year. This was mainly due to ¥4,214 million in expenditure for the acquisition of property, plant and equipment associated with investment in the Sodegaura plant. All such expenditures were funded with internal funds.」
Investment in the Sodegaura plant, funded with retained earnings and internal funds, progressed, with ¥4,214 million spent on the acquisition of property, plant and equipment during the year. - FY2020-Q2AdvancedAnnual report
「Net cash used in investing activities was ¥3,837 million, an increase of ¥1,325 million in expenditure from the same period of the previous year. This was mainly due to ¥3,788 million in expenditure for the acquisition of property, plant and equipment in connection with construction of the Sodegaura Plant and other projects.」
Investment in the construction of the Sodegaura plant and other projects to expand the business infrastructure progressed, with ¥3,788 million in expenditure for the acquisition of property, plant and equipment recorded. - FY2020-Q1AdvancedAnnual report
「This was mainly due to ¥1,633 million in expenditure for the acquisition of property, plant and equipment in connection with construction of the Sodegaura Plant and other projects. All such expenditures were funded with internal funds.」
Investment in a new plant funded with internal funds progressed, with ¥1,633 million in expenditure for the acquisition of property, plant and equipment recorded in the first quarter. - FY2019AdvancedAnnual report
「Net cash used in investing activities was ¥6,428 million, an increase of ¥5,145 million from the previous fiscal year. This was mainly due to ¥6,661 million in expenditure for the acquisition of property, plant and equipment associated with investment in a new plant. All such expenditures were funded with internal funds.」
Investment to expand the business infrastructure, funded with retained earnings and internal funds, progressed, with ¥6,661 million spent on investment in a new plant and related items. - FY2019-Q3AdvancedAnnual report
「Net cash used in investing activities was ¥3,918 million, an increase of ¥2,995 million from the same period of the previous year. This was mainly due to ¥4,125 million in expenditure for the acquisition of property, plant and equipment associated with investment in a new plant. All such expenditures were funded with internal funds.」
As investment to expand the business infrastructure funded with retained earnings and internal funds progressed, ¥4,125 million was spent on the acquisition of property, plant and equipment, including investment in a new plant. - FY2019-Q2AdvancedAnnual report
「Net cash used in investing activities was ¥2,511 million. This was mainly due to ¥2,478 million in expenditure for the acquisition of property, plant and equipment, including the factory site. All such expenditures were funded with internal funds.」
Investment to expand the business infrastructure, funded with internal funds, progressed, with ¥2,478 million spent on the acquisition of property, plant and equipment, including the factory site. - FY2019-Q1AdvancedAnnual report
「All such expenditures will be funded with internal funds.」
The company made ¥485 million in capital expenditures, including expansion work on oil extraction machinery, during the first quarter. This confirms the policy and track record of funding capital expenditures and factory-site acquisitions with internal funds. - FY2018AdvancedAnnual report
「In February 2018, the company won a bid for a factory site in Sodegaura, Chiba Prefecture, and plans to construct a second plant. The size and total construction cost of the plant have not been determined, but the company plans to fund the payments with internal funds.」
A specific investment plan was presented to use retained earnings and internal funds to acquire the site for a second plant to expand the business infrastructure. - FY2017RestatedAnnual report
「The company intends to invest retained earnings effectively to strengthen its corporate base in anticipation of future business expansion and to prepare for the expansion of its business infrastructure.」
The company continues its policy of investing retained earnings in strengthening its corporate base and expanding its business infrastructure. - FY2016First statedAnnual report
「The company intends to invest retained earnings effectively to strengthen its corporate base in anticipation of future business expansion and to prepare for the expansion of its business infrastructure.」
The dividend policy presents this as a policy for balancing shareholder returns with growth investment.