Management Focused on Capital Efficiency
First written in FY2017. 4 of 10 entries say "Advanced", first in 2026-05-13. Latest entry: 2026-11-10.
The whole theme swung hardest in 2020: 16 of 72 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2026RaisedAnnual report
「Meanwhile, given that the group maintains ROIC above its cost of capital, it will seek to improve capital efficiency through management that includes working capital indicators such as inventory turnover days and the collection period for trade receivables, while aiming to improve ROE through a recovery in profitability.」
The policy of emphasising capital efficiency was expanded into specific management criteria, including comparison of ROIC with the cost of capital, management of inventory turnover days and the collection period for trade receivables, and improvement of ROE. - FY2024RestatedAnnual report
「While assessing business development, the company will pursue optimisation of inventory management and aim to improve capital efficiency. It will maintain good relationships with financial institutions and seek to reduce funding costs.」
The company continues its capital strategy of optimising inventory management, improving capital efficiency, maintaining relationships with financial institutions, and reducing funding costs. - FY2023RaisedAnnual report
「While assessing business development, the company will pursue optimisation of inventory management and aim to improve capital efficiency. It will maintain good relationships with financial institutions and seek to reduce funding costs.」
The policy of emphasising capital efficiency was made more specific through optimisation of inventory management, reduction of funding costs, flexible capital policies, and enhanced corporate communications. - FY2019RestatedAnnual report
「Policies: ① Strengthening relationships with existing customers and developing new businesses ② Identifying new high-value-added products ③ Strengthening capital efficiency and financial standing through higher profitability」
The company has reorganised its policy of strengthening capital efficiency and its financial standing through relationships with existing customers, new businesses, high-value-added products, and higher profitability. - FY2017First statedAnnual report
「Policies: ① Focusing on new transactions ② Identifying new products ③ Emphasising capital efficiency ④ Diversifying funding methods」
Separately from diversifying funding, the company explicitly states that emphasising capital efficiency is a management policy.