Three-year capital allocation policy based on operating cash flow and the debt-to-equity ratio
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 8 of 51 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Regarding its capital allocation policy, the company sets an appropriate level of cash and cash equivalents on hand and seeks to allocate funds in ways that contribute to enhancing corporate value. Any amount above that level will be used to fund growth investment, shareholder returns and other purposes.」
The company is maintaining its policy of allocating funds to growth investment and shareholder returns after securing sufficient liquidity on hand. - FY2025First statedAnnual report
「The company estimates that the three-year medium-term management plan will generate ¥10 billion in operating cash flow. In addition, it will raise funds within a debt-to-equity ratio of 0.4x and allocate the funds to ¥16 billion in capital expenditure and dividends totaling approximately ¥1.5 billion over the three years, equivalent to approximately 30% in shareholder returns.」
In its new medium-term management plan, the company provided its first specific capital allocation policy linking operating cash flow, the debt-to-equity ratio, capital expenditure and dividends.