Strengthening the Financial Base and Investing for Growth through Retained Earnings
First written in FY2019. 7 of 22 entries say "Advanced", first in 2026-03-09. Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 3 of 23 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「Going forward, we will promote cash allocation and balance sheet management while considering the balance between growth investment and shareholder returns, and work to enhance corporate value over the medium to long term by reducing the cost of capital and improving ROE and PER.」
The previous capital allocation policy centered on retained earnings and strengthening the financial base was reorganized into a framework encompassing the balance between growth investment and shareholder returns, cash allocation, balance sheet management, and improvements in ROE and PER. - FY2025RestatedAnnual report
「With respect to dividends, we intend to retain part of our profits to strengthen our financial position, prepare for funding needs and pay dividends appropriately in line with business performance. We intend to invest retained earnings to enhance cost competitiveness more than ever, strengthen our ability to meet market needs in response to anticipated changes in the business environment, and promote the development of new products and the creation of new businesses for the future.」
The capital allocation policy of strengthening the financial position through retained earnings, improving cost competitiveness, responding to market needs, and investing in new product development and new business creation continued. - FY2023RestatedAnnual report
「With respect to dividends, we intend to retain part of our profits to strengthen our financial position, prepare for funding needs and pay dividends appropriately in line with business performance.」
The policy of retaining part of profits to strengthen the financial position and investing in improved cost competitiveness, new product development and new business creation continued. - FY2022RestatedAnnual report
「With respect to dividends, we intend to retain part of our profits to strengthen our financial position, prepare for funding needs and pay dividends appropriately in line with business performance. We intend to invest retained earnings to enhance cost competitiveness more than ever, strengthen our ability to meet market needs, and promote the development of new products and the creation of new businesses for the future.」
The capital allocation policy of strengthening the financial position through retained earnings, improving cost competitiveness, and investing in new product development and new business creation continued. - FY2021RestatedAnnual report
「With respect to dividends, we intend to retain part of our profits to strengthen our financial position, prepare for funding needs and pay dividends appropriately in line with business performance. We intend to invest retained earnings to enhance cost competitiveness more than ever, strengthen our ability to meet market needs in response to anticipated changes in the business environment, and promote the development of new products and the creation of new businesses for the future.」
The capital allocation policy of strengthening the financial position through retained earnings, improving cost competitiveness, responding to market needs, and investing in new product development and new business creation continued. - FY2019First statedAnnual report
「With respect to dividends, we intend to retain part of our profits to strengthen our financial position, prepare for funding needs and pay dividends appropriately in line with business performance. We intend to invest retained earnings to enhance cost competitiveness more than ever, strengthen our ability to meet market needs in response to anticipated changes in the business environment, and promote the development of new products and the creation of new businesses for the future.」
The capital allocation policy of retaining part of profits to strengthen the financial position and investing to improve cost competitiveness, address market needs, develop new products and create new businesses was explicitly stated.