Improving capital efficiency
First written in FY2017-Q1. 4 of 11 entries say "Restated". Latest entry: 2026-10-14.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026RaisedAnnual report
「We announced plans to acquire more than ¥20 billion of treasury shares cumulatively during the medium-term management plan period, from the fiscal year ending February 2025 through the fiscal year ending February 2027, and expect to achieve a DOE of at least 4% in the final fiscal year of that period.」
The treasury share acquisition target was raised from the previous ¥15 billion to more than ¥20 billion, while the policy of achieving a DOE of at least 4% was maintained. - 2026-04-13AdvancedFinancial results presentation
「This will bring the level to a record high, and DOE of 4% as initially targeted under TIP27 is expected to be achieved.」
The company indicated that DOE of 4% is expected to be achieved, bringing the capital-efficiency target to the implementation stage. - FY2025RaisedAnnual report
「From the perspective of improving PBR and ROE, we aim to acquire ¥15 billion of treasury shares during the period of the medium-term management plan, from the fiscal year ending February 2025 through the fiscal year ending February 2027, and to achieve a DOE of at least 4% by the final fiscal year of that period.」
The treasury share acquisition target was raised from the previous ¥10 billion to ¥15 billion. The target of a DOE of at least 4% and the plan period remain unchanged. - FY2024RaisedAnnual report
「From the perspective of improving PBR and ROE, we aim to acquire ¥10 billion of treasury shares during the period of the medium-term management plan, from the fiscal year ending February 2025 through the fiscal year ending February 2027, and to achieve a DOE of at least 4% by the final fiscal year of that period.」
Specific targets were added to the capital-efficiency improvement initiatives: ¥10 billion in treasury share acquisitions from the fiscal year ending February 2025 through the fiscal year ending February 2027, and a DOE of at least 4%. - FY2020RestatedAnnual report
「Our basic policy is to allocate retained earnings to investments that contribute to improving capital efficiency, including capital investments for new store openings and other purposes, as well as the development of new brands and businesses, thereby enhancing corporate value.」
The policy of allocating retained earnings to investments that contribute to improving capital efficiency, including new store openings, brands and new businesses, was reaffirmed. - FY2018RestatedAnnual report
「Our basic policy is to allocate retained earnings to investments that contribute to improving capital efficiency, including capital investments for new store openings and other purposes, as well as the development of new brands and businesses, thereby enhancing corporate value.」
The policy of allocating retained earnings to investments that contribute to improving capital efficiency, including new store openings, new brands and new businesses, was reaffirmed. - FY2017RestatedAnnual report
「Our basic policy is to allocate retained earnings to investments that contribute to improving capital efficiency, including capital investments for new store openings and other purposes, as well as the development of new brands and businesses, thereby enhancing corporate value.」
Although this had not been stated previously, the policy of allocating retained earnings to investments that contribute to improving capital efficiency was restated. - FY2017-Q2DroppedAnnual reportThis quarterly report contains no direct reference to improving capital efficiency.
- FY2017-Q1First statedAnnual report
「We continued efforts to improve capital efficiency, expand the brand portfolio through M&A and other means, and actively develop new businesses.」
Capital-efficiency improvement was identified as an ongoing management initiative.