Analysis of the Cost of Capital and Return on Capital and Its Incorporation into the Next Medium-Term Management Plan
First written in FY2024. 6 of 9 entries say "Advanced", first in FY2025. Latest entry: 2026-10-20.
58 other companies' latest entry also says "Achieved".
- FY2026AdvancedAnnual report
「To enhance shareholder returns and improve capital efficiency, the company paid stable dividends targeting a DOE (dividend on equity ratio) of at least 2.5%, and cancelled 1,457,132 treasury shares and acquired treasury shares (as of 31 March 2026, total shares acquired: 77,500; total acquisition cost: ¥295,578,500).」
As capital efficiency and shareholder return measures, the company cancelled 1,457,132 treasury shares and acquired 77,500 shares for ¥295,578,500. - 2026-06-02Cited as achievedGeneral Meetings of Shareholders
「Cancellation of treasury shares: △48 △2,065 2,113 －」
The Company disclosed the cancellation of 1,457,132 treasury shares and the acquisition of 101,026 treasury shares during the period in its statement of changes in shareholders’ equity. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 October 2025, the company resolved, pursuant to Article 178 of the Companies Act, to cancel treasury shares and implemented the cancellation as follows. 1. Reason for the cancellation of treasury shares: To improve the ratio of tradable shares and enhance shareholder returns. 2. Details of the cancellation: (2) Number of shares cancelled: 1,457,132 shares (22.77% of the total number of issued shares before cancellation) (3) Total number of issued shares after cancellation: 4,942,868 shares (4) Cancellation date: 10 November 2025」
As a specific measure to improve capital efficiency and enhance shareholder returns, the company cancelled 1,457,132 treasury shares. It also resolved separately to acquire treasury shares, up to a limit of 320,000 shares and ¥900 million in total. - FY2025AdvancedAnnual report
「As its financial and capital strategy, the company has identified the introduction of metrics aimed at improving profitability and capital efficiency and capital allocation to achieve an optimal capital structure,」
The company has reflected its analysis of the cost of capital and capital profitability planned in the previous fiscal year in the introduction of ROE, capital efficiency metrics and capital allocation under the Medium-Term Management Plan 2027. - FY2024First statedAnnual report
「As an initiative for the current fiscal year, the company plans to analyze its current cost of capital and capital profitability and incorporate the results as management metrics into its next medium-term management plan for fiscal 2025–2027.」
The company has, for the first time, explicitly stated plans to analyze its current cost of capital and capital profitability and incorporate the results as management metrics into its next medium-term management plan for fiscal 2025–2027.