Strengthening the financial base
First written in FY2016. 8 of 28 entries say "Restated". Latest entry: FY2026.
52 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Under the financial strategy of the Medium-Term Management Plan 2027, the Company will tighten asset management by concentrating management resources on core businesses through the sale of non-core assets and selectively investing based on hurdle rates that reflect the cost of capital. It will also control shareholders’ equity by raising the dividend payout ratio to 50% and conducting share repurchases flexibly, while reviewing its capital structure through the use of borrowings.」
Strengthening the financial base is being given concrete form through asset management and a review of the capital structure combining the sale of non-core assets, selective investment, shareholder returns and the use of borrowings. - FY2026-H1ReframedAnnual report
「Under the financial strategy of the Medium-Term Management Plan 2027, the Company will tighten asset management by concentrating management resources on core businesses through the sale of non-core assets and selectively investing based on hurdle rates that reflect the cost of capital. It will also control shareholders’ equity by raising the dividend payout ratio to 50% and conducting share repurchases flexibly, while reviewing its capital structure through the use of borrowings.」
The approach to strengthening the financial base was reorganized from a focus on reducing interest-bearing debt to reviewing the capital structure through the sale of non-core assets, selective investment, a higher dividend payout ratio, share repurchases and the use of borrowings. - FY2025-H1Increase in net interest-bearing debt due to the acquisition of Walki and other factorsAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) increased by ¥134.6 billion from the end of the previous fiscal year to ¥808.5 billion, while the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was maintained at the management target of 0.7x.」
Against a backdrop including the acquisition of shares in consolidated subsidiaries, net interest-bearing debt increased to ¥808.5 billion, while the net debt-to-equity ratio was maintained at the management target of 0.7x. - FY2024-Q3AdvancedAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) decreased by ¥39.8 billion from the end of the previous fiscal year to ¥691.4 billion, and the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.6x.」
Net interest-bearing debt decreased by ¥39.8 billion from the end of the previous fiscal year to ¥691.4 billion, and the net debt-to-equity ratio also declined to 0.6x. - FY2024-Q2AdvancedAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) decreased by ¥49.7 billion from the end of the previous fiscal year to ¥681.6 billion, and the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.6x.」
Net interest-bearing debt decreased by ¥49.7 billion from the end of the previous fiscal year to ¥681.6 billion, and the net debt-to-equity ratio also declined to 0.6x. - FY2024-Q1AdvancedAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) decreased by ¥6.7 billion from the end of the previous fiscal year to ¥724.6 billion, while the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was maintained at the management target of 0.7x.」
Net interest-bearing debt decreased by ¥6.7 billion from the end of the previous fiscal year to ¥724.6 billion, while the net debt-to-equity ratio was maintained at the management target of 0.7x. - FY2023Increase in net interest-bearing debt and net debt-to-equity ratio exceeding the targetAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) increased by ¥136.6 billion from the end of the previous fiscal year to ¥731.3 billion. As a result, the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.8x.」
Against a backdrop of strategic investments and capital expenditures, net interest-bearing debt increased to ¥731.3 billion, and the net debt-to-equity ratio rose to 0.8x, exceeding the previous management target of 0.7x. - FY2023-Q3Increase in net interest-bearing debt to ¥704.7 billion; net debt-to-equity ratio of 0.7x maintainedAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) increased by ¥110.0 billion from the end of the previous fiscal year to ¥704.7 billion. The net debt-to-equity ratio (net interest-bearing debt divided by net assets) was maintained at the management target of 0.7x.」
Net interest-bearing debt increased by ¥110.0 billion from the end of the previous fiscal year to ¥704.7 billion, while the net debt-to-equity ratio was maintained at the management target of 0.7x. - FY2023-Q2Increase in net interest-bearing debt; net debt-to-equity ratio of 0.7x maintainedAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) increased by ¥93.4 billion from the end of the previous fiscal year to ¥688.1 billion. The net debt-to-equity ratio (net interest-bearing debt divided by net assets) was maintained at the management target of 0.7x.」
Net interest-bearing debt increased by ¥93.4 billion from the end of the previous fiscal year to ¥688.1 billion, while the net debt-to-equity ratio was maintained at the management target of 0.7x. - FY2023-Q1Increase in net interest-bearing debt; net debt-to-equity ratio target maintainedAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) increased by ¥64.3 billion from the end of the previous fiscal year to ¥659.0 billion, while the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was maintained at the management target of 0.7x.」
Net interest-bearing debt increased by ¥64.3 billion from the end of the previous fiscal year to ¥659.0 billion, while the net debt-to-equity ratio was maintained at the management target of 0.7x. - FY2022-Q3Increase in net interest-bearing debt after strategic investments; net debt-to-equity ratio of 0.7xAnnual report
「As a result, net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) at the end of the third quarter increased by ¥55.5 billion from the end of the previous fiscal year to ¥567.0 billion, and the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.7x.」
Following financing for the acquisition of all voting rights in 日伯紙パルプ資源開発, net interest-bearing debt increased by ¥55.5 billion from the end of the previous fiscal year, and the net debt-to-equity ratio was 0.7x. - FY2022-Q2Continued increase in net interest-bearing debt associated with strategic investmentsAnnual report
「As a result, net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) at the end of the second quarter increased by ¥74.5 billion from the end of the previous fiscal year to ¥586.0 billion, and the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.7x.」
In connection with the acquisition of all voting rights in 日伯紙パルプ資源開発, net interest-bearing debt increased by ¥74.5 billion from the end of the previous fiscal year to ¥586.0 billion, and the net debt-to-equity ratio was 0.7x. - FY2022-Q1Increase in net interest-bearing debt associated with strategic investmentsAnnual report
「The funds required for this acquisition were provided through external financing and cash on hand. As a result, net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) at the end of the first quarter increased by ¥92.5 billion from the end of the previous fiscal year to ¥603.9 billion, and the net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.7x. Although cash and deposits declined from the end of the previous fiscal year, liquidity on hand continues to be secured as a financial risk response in preparation for the spread of COVID-19 and other risks.」
Following the allocation of external financing and cash on hand to the acquisition of shares in 日伯紙パルプ資源開発, net interest-bearing debt stood at ¥603.9 billion and the net debt-to-equity ratio was 0.7x. Liquidity on hand, meanwhile, continues to be secured. - FY2021-Q2Securing liquidity on hand to respond to COVID-19 and increasing interest-bearing debtAnnual report
「Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) stood at ¥503.0 billion, up ¥5.6 billion from the end of the previous fiscal year. The net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.6x.」
While securing liquidity on hand in preparation for COVID-19, net interest-bearing debt increased by ¥5.6 billion from the end of the previous fiscal year to ¥503.0 billion. The net debt-to-equity ratio was 0.6x. - FY2021-Q1Securing liquidity on hand to respond to COVID-19 and increasing interest-bearing debtAnnual report
「Liabilities increased by ¥9.3 billion from the end of the previous fiscal year to ¥1,063.0 billion, mainly due to an increase in interest-bearing debt, despite decreases in notes and accounts payable and income taxes payable. Going forward, cash flow generated through operating activities will be allocated to dividends and investments. While maintaining interest-bearing debt at an appropriate level, the Company will raise funds for any shortfall through borrowings, commercial paper and bond issuance, and use surplus funds to reduce interest-bearing debt.」
Although interest-bearing debt increased, the Company outlined its policy of maintaining it at an appropriate level and managing funding and debt reduction. It also stated that it would secure liquidity on hand by establishing a commitment line and building up cash and deposits in preparation for the spread of COVID-19. - FY2020AdvancedAnnual report
「As a result, net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) stood at ¥497.3 billion, down ¥37.6 billion from the end of the previous fiscal year. The net debt-to-equity ratio (net interest-bearing debt divided by net assets) was 0.6x, and ROE was 8.5%.」
Interest-bearing debt was reduced through measures including the sale of cross-held shares, resulting in net interest-bearing debt of ¥497.3 billion, a net debt-to-equity ratio of 0.6x and ROE of 8.5%. - FY2020-Q3AdvancedAnnual report
「Net interest-bearing debt, defined as interest-bearing debt less cash and cash equivalents and other items, was ¥510.6 billion, a decrease of ¥24.4 billion from the end of the previous consolidated fiscal year. The net D/E ratio, defined as net interest-bearing debt divided by net assets, was 0.6x, below the medium-term management plan target of 0.7x.」
Net interest-bearing debt decreased by ¥24.4 billion from the end of the previous consolidated fiscal year, and the net D/E ratio was 0.6x. - FY2020-Q1Higher interest-bearing debt while maintaining the net D/E targetAnnual report
「Although notes and accounts payable and accrued corporate taxes decreased, interest-bearing debt rose by ¥40.2 billion from the end of the previous consolidated fiscal year to ¥660.8 billion. In addition, the application of IFRS 16, Leases, resulted in the recognition of lease liabilities and other factors, causing liabilities to increase by ¥32.7 billion from the end of the previous consolidated fiscal year to ¥1.1686 trillion.」
While interest-bearing debt increased from the end of the previous consolidated fiscal year, the net D/E ratio remained at 0.7x, maintaining the target level under the medium-term management plan. - FY2019AdvancedAnnual report
「Regarding "strengthening the financial foundation," in addition to improving cash flow from operating activities through the measures described above, we pursued the sale of cross-shareholdings and idle assets and worked to reduce interest-bearing debt.」
The company states that it implemented measures to reduce interest-bearing debt through improvements in cash flow from operating activities and the sale of cross-shareholdings and idle assets. - FY2019-Q3RestatedAnnual report
「Going forward, cash flow generated through operating activities will be allocated to dividends and investment. Based on the management target of ¥700 billion in interest-bearing debt, funding shortfalls will be financed through borrowings, commercial paper and bond issuance, while surplus funds will be used to reduce interest-bearing debt.」
The policy of allocating funds to dividends and investment, and financing or reducing debt based on interest-bearing debt of ¥700 billion, is continuing. - FY2019-Q1RestatedAnnual report
「The Group has positioned "expansion of the overseas business," "focus and evolution of the domestic business" and "strengthening the financial foundation" as the basic policies of its management strategy」
Strengthening the financial foundation continues as a basic policy alongside the overseas and domestic businesses. - FY2018-Q3RestatedAnnual report
「Under these management principles, the Group has established "expanding overseas operations," "focusing on and advancing domestic operations," and "strengthening its financial base" as the basic policies of its group management strategy.」
Strengthening the financial foundation continues as a basic policy alongside the overseas and domestic businesses. - FY2018-Q2RestatedAnnual report
「Under these management principles, the Group has established "expanding overseas operations," "focusing on and advancing domestic operations," and "strengthening its financial base" as the basic policies of its group management strategy.」
Strengthening the financial foundation continues as a basic policy alongside the overseas and domestic businesses. - FY2018-Q1RestatedAnnual report
「Under these management principles, the Group has established "expanding overseas operations," "focusing on and advancing domestic operations," and "strengthening its financial base" as the basic policies of its group management strategy.」
Strengthening the financial foundation continues as a basic policy alongside the overseas and domestic businesses. - FY2017-Q3RestatedAnnual report
「Under this management philosophy, we have positioned "expansion of the overseas business," "focus and evolution of the domestic business" and "strengthening the financial foundation" as the basic policies of the Group's management strategy and have established the following management targets.」
Strengthening the financial foundation continues as a basic policy alongside the overseas and domestic business policies. - FY2017-Q2RestatedAnnual report
「Under this management philosophy, we have positioned "expansion of the overseas business," "focus and evolution of the domestic business" and "strengthening the financial foundation" as the basic policies of the Group's management strategy and have established the following management targets.」
Strengthening the financial foundation continues as a basic policy alongside the overseas and domestic business strategies. - FY2017-Q1RestatedAnnual report
「We have positioned "expansion of the overseas business," "focus and evolution of the domestic business" and "strengthening the financial foundation" as the basic policies of the Group's management strategy」
Strengthening the financial foundation continues as a basic policy alongside business expansion. - FY2016First statedAnnual report
「We have positioned "expansion of the overseas business," "focus and evolution of the domestic business" and "strengthening the financial foundation" as the basic policies of the Group's management strategy」
Strengthening the financial foundation is positioned as a basic policy alongside the overseas and domestic business strategies.