Capital-cost- and share-price-conscious management, with a 5% ROE target and total payout ratio of at least 60%
First written in FY2025-H1. 7 of 9 entries say "Advanced", first in FY2025. Latest entry: FY2027-H1.
The whole theme swung hardest in 2017: 1 of 7 companies on the "Worse" side.
47 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「In light of the total payout ratio of at least 60% set out in the “Initiatives to Realize Management That Is Conscious of Capital Costs and Share Prices,” we continue to actively pursue the dividend policy and share repurchases, as well as sales of cross-shareholdings.」
Based on its policy of a total payout ratio of 60% or more, the company continues to pay dividends, acquire treasury shares and sell cross-held shares. - FY2026AdvancedAnnual report
「To realize management that is conscious of capital costs and share prices, we sold the former Hatogaya Plant site in May 2025 and have been actively selling cross-shareholdings and repurchasing shares.」
In line with its policy of ROE of 5% and a total payout ratio of at least 60%, the company has implemented the sale of the former site, the sale of cross-shareholdings, and share repurchases. - FY2026-H1AdvancedAnnual report
「To achieve management focused on capital costs and share price, the company sold the former Hatogaya Plant site in May 2025. It is also proceeding with the sale of cross-shareholdings and actively pursuing share repurchases.」
In its management focused on capital costs and share price, the company has implemented specific measures including the sale of the former Hatogaya Plant site, the sale of cross-shareholdings, and share repurchases. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 May 2025, the company resolved to change its shareholder return policy from the fiscal year ending March 2026 onward, as set out below, in order to further strengthen returns to shareholders while making strategic growth investments focused on capital efficiency to enhance corporate value further.」
The targets of 5% ROE and a total payout ratio of at least 60% have been specified as the new shareholder return policy from the fiscal year ending March 2026 onward through a resolution of the Board of Directors. - FY2025-H1First statedAnnual report
「As part of our initiatives for management focused on capital costs and share price, we will pursue effective measures toward achieving a total payout ratio of at least 60%, with the aim of achieving ROE of 5%.」
The company has disclosed numerical targets for capital efficiency and shareholder returns for the first time: ROE of 5% and a total payout ratio of at least 60%.