Securing Funding for Capital Expenditure, R&D and M&A Through Retained Earnings
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 3 of 36 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To achieve sustainable enhancement of corporate value, retained earnings will be allocated to growth investment, including capital investment and research and development investment to strengthen competitiveness, as well as M&A, while effectively using funds with consideration also given to maintaining and improving financial soundness and capital efficiency.」
The Company continues its policy of allocating retained earnings to growth investment, including capital investment, research and development, and M&A, while also considering financial soundness and capital efficiency. - 2026-04-24ReframedManagement plan
「By generating free cash flow through stronger investment discipline and asset monetization, we will seek to optimize its allocation at an early stage toward shareholder returns and improved capital efficiency.」
The company has reorganized its policy from one centered on retaining earnings for growth investments in capital expenditure, R&D and M&A toward optimizing capital allocation, including asset monetization, investment discipline and shareholder returns. - FY2025RestatedAnnual report
「For the purpose of enhancing corporate value and establishing a foundation for sustainable growth, a portion of profits will be retained and effectively used as funds for new investment, including capital investment to strengthen competitiveness, R&D in fields with potential for new growth, and M&A.」
The Company continues its policy of using a portion of profits for growth investment, including capital investment, R&D and M&A. - FY2018RestatedAnnual report
「For the purpose of enhancing corporate value and establishing a foundation for sustainable growth, a portion of profits will be retained and effectively used as funds for new investment, including capital investment to strengthen competitiveness, R&D in fields with potential for new growth, and M&A.」
The Company continues its policy of using retained earnings for growth investment, including capital investment, R&D and M&A, alongside stable dividends. - FY2017RestatedAnnual report
「For the purpose of enhancing corporate value and establishing a foundation for sustainable growth, a portion of profits will be retained and effectively used as funds for new investment, including capital investment to strengthen competitiveness, R&D in fields with potential for new growth, and M&A.」
The Company continues its policy of using retained earnings for growth investment, including capital investment, research and development, and M&A, alongside stable dividends. - FY2016First statedAnnual report
「For the purpose of enhancing corporate value and establishing a foundation for sustainable growth, a portion of profits will be retained and effectively used as funds for new investment, including capital investment to strengthen competitiveness, R&D in fields with potential for new growth, and M&A.」
The policy is to allocate retained earnings not only to dividends but also to growth investment, including capital investment, research and development, and M&A.