Balancing Shareholder Returns, Investment and Financial Discipline
First written in FY2018. 6 of 10 entries say "Restated". Latest entry: 2026-05-28.
63 other companies' latest entry also says "Restated".
- 2026-05-28RestatedGeneral Meetings of Shareholders
「With the aim of maximizing corporate value, we seek a capital structure that emphasizes optimizing investment and financing.」
The Company reaffirmed its capital allocation policy combining investment, financing, and shareholder returns. - FY2025ReframedAnnual report
「With a focus on capital efficiency and the aim of achieving returns above the cost of capital, the company has adopted ROE (return on equity) and ROIC (return on invested capital) as management indicators and set the above targets for its medium-term management plan covering fiscal 2025–fiscal 2030.」
In addition to the previous balance among shareholder returns, investment and financial discipline, the fiscal 2025–fiscal 2030 plan positions ROE and ROIC as the key indicators of capital efficiency. - FY2024RestatedAnnual report
「Cash generated will be allocated primarily with consideration for the balance among shareholder returns, investment and financial discipline, and profits will be distributed appropriately.」
The company continues its capital allocation policy of optimizing investment and financing and balancing shareholder returns, investment and financial discipline, with ROE of 12%, a total shareholder return ratio of 30% or higher, and DOE of 3.6% as its indicators. - FY2023-Q3RestatedAnnual report
「The company will continue to maintain a total shareholder return ratio of 30% or higher and has therefore also revised its DOE (dividend on equity) target.」
The company continues to state its policy of revising its ROE and DOE targets in line with the reduction in equity while maintaining a total shareholder return ratio of 30% or higher. - FY2023-Q2RaisedAnnual report
「Medium-term management plan (final-year) management targets Metric Before revision Fiscal 2024 target After revision Fiscal 2024 target ROE (return on equity) 8% 12% DOE (dividend on equity) 2.4% 3.6%」
Taking into account the reduction in equity from the tender offer for treasury shares, the company raised its fiscal 2024 ROE target from 8% to 12% and its DOE target from 2.4% to 3.6%. It maintained the total shareholder return ratio target of 30% or higher. - FY2022RaisedAnnual report
「During the medium-term management plan (fiscal 2022–fiscal 2024), the company set a DOE of 2.4%, based on the final-year management target of 8% ROE, and a target total shareholder return ratio of 30% or higher as targets for returning profits to shareholders.」
Under the fiscal 2022–fiscal 2024 plan, the company raised its DOE target from the previously stated 1.8% to 2.4% and continued to set a total shareholder return ratio of 30% or higher as a target. - FY2021RestatedAnnual report
「Cash generated will be allocated primarily with consideration for the balance among shareholder returns, investment and financial discipline, and profits will be distributed appropriately.」
The company continues its cash allocation policy of considering the balance among shareholder returns, investment and financial discipline, and has set ROE of 8% or higher, a total shareholder return ratio of 30% or higher, and DOE of 1.8% as its indicators. - FY2020RestatedAnnual report
「Cash generated will be allocated primarily with consideration for the balance among shareholder returns, investment and financial discipline, and profits will be distributed appropriately.」
The company continues its cash allocation policy of considering the balance among shareholder returns, growth investment and financial discipline. - FY2019RestatedAnnual report
「Cash generated will be allocated primarily with consideration for the balance among shareholder returns, investment and financial discipline, and profits will be distributed appropriately.」
The company continues to present a capital policy that prioritizes optimizing investment and financing while balancing shareholder returns, investment and financial discipline. - FY2018First statedAnnual report
「Cash flow allocation that balances shareholder returns, investment and financial discipline」
As a basic strategy of the new medium-term plan, the company has, for the first time, established cash flow allocation balancing shareholder returns, growth investment, research and development investment, and financial discipline as a standalone policy.