Maintaining Financial Soundness and Retained Earnings for Future Investment
First written in FY2016. 7 of 10 entries say "Raised", first in FY2019. Latest entry: 2026-08-07.
28 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Under the six-year medium-term management plan, the total amount available for allocation is expected to be approximately ¥750 billion, including operating cash flow of ¥460 billion and cash inflows of ¥175 billion from asset sales and other sources.」
The six-year capital allocation plan specified growth investment of ¥325 billion, investment and financing of ¥135 billion, research and development of ¥85 billion, shareholder returns of ¥100 billion, and debt repayment of ¥65 billion. - FY2025RaisedAnnual report
「While our basic policy for shareholder returns is to provide stable dividends, we plan to pay total dividends of ¥70 billion and reduce interest-bearing debt by ¥35 billion.」
The new medium-term management plan specified a capital allocation policy of stable dividends, total dividends of ¥70 billion over six years, and a ¥35 billion reduction in interest-bearing debt. - FY2021RestatedAnnual report
「Our basic approach to shareholder returns is to provide stable and sustainable dividends. To make this clearer, we have adopted DOE (dividend on equity) as a KPI and set a target of at least 2.5%, together with a policy of maintaining a consolidated total payout ratio of at least 30% during the period of the medium-term management plan.」
The capital allocation policy of maintaining a DOE of at least 2.5%, a consolidated total payout ratio of at least 30%, and a balance with growth investment and retained earnings continues. - FY2019RaisedAnnual report
「Our basic policy is to provide stable and sustainable dividends. In principle, we will maintain a DOE (dividend on equity) of at least 2.5% and, including treasury share repurchases, a consolidated total payout ratio of at least 30% over the three-year period of the medium-term management plan.」
The capital allocation policy was made more specific by explicitly setting a DOE of at least 2.5% in addition to the previous total payout ratio of at least 30%, while actively pursuing growth investment. - FY2018RestatedAnnual report
「Our basic policy is to provide stable dividends and flexibly repurchase treasury shares as shareholder returns while maintaining and improving financial soundness and building equity capital for future investment,」
A capital allocation policy combining financial soundness, future investment, stable dividends and treasury share repurchases was presented. - FY2016First statedAnnual report
「To secure long-term and medium-term benefits for shareholders, we consider it important to improve our financial position and build retained earnings for future business expansion. We determine dividends to shareholders after taking these factors into comprehensive consideration.」
The basic policy was explained as balancing dividends with improving the financial position and funding future investment.