Use of Retained Earnings for Store and Brand Development and M&A
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2026.
World moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
10 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Under the next medium-term management plan, “VISION-Ｗ,” beginning with the fiscal year ending February 2027, we will shift the allocation of funds generated from profits earned through business activities from financial improvement to growth investment and shareholder returns.」
The company has reframed its policy of shifting the allocation of funds from the previous priority of financial improvement to growth investment and shareholder returns under VISION-W. - FY2022ReframedAnnual report
「Regarding the use of retained earnings, we will prioritize business investments in store and brand development, M&A and the digital field to enhance corporate value in the future, while considering uses that offer high investment efficiency.」
The company explicitly added business investment in the digital field to the priority uses of retained earnings, alongside the previous priorities of store and brand development and M&A. - FY2018RestatedAnnual report
「We will prioritize the use of retained earnings for business investments, including store development, brand development and M&A, to enhance corporate value in the future, while considering uses that offer high investment efficiency.」
The company has reiterated its policy of prioritizing retained earnings for business investments such as store and brand development and M&A. - FY2017RestatedAnnual report
「We will prioritize the use of retained earnings for business investments, including store development, brand development and M&A, to enhance corporate value in the future, while considering uses that offer high investment efficiency.」
The company has reiterated its policy of prioritizing retained earnings for business investments such as store and brand development and M&A. - FY2016First statedAnnual report
「We will prioritize business investment, including store development, brand development, and M&A, as uses of retained earnings to enhance corporate value in the future.」
States a policy of prioritizing business investment aimed at increasing future corporate value over dividends.