Strengthening the Financial Position by Reducing Total Assets and Improving Capital Efficiency
First written in FY2016. 10 of 21 entries say "Advanced", first in FY2024-Q3. Latest entry: 2026-07-30.
The whole theme swung hardest in 2025: 2 of 12 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company aims to achieve sustainable growth and improve profitability by strengthening the earning power of its domestic businesses, which will provide the foundation for improving ROIC; making focused investments in areas expected to grow; accelerating growth in its overseas businesses, which will be central to sustained growth; and evolving its business portfolio through the non-linear growth generated by M&A and alliances.」
The company translated its capital-efficiency improvement policy into specific capital and business management combining domestic earning power, focused investment in growth areas, overseas growth, and M&A and alliances, rather than limiting it to its previous policy. - FY2026-H1AdvancedAnnual report
「During the interim consolidated accounting period, the company acquired 782,800 treasury shares, increasing treasury shares by ¥1,673 million.」
The company acquired 782,800 shares under its policy of acquiring treasury shares to improve capital efficiency and enhance shareholder returns. - FY2025AdvancedAnnual report
「As part of its financial and capital strategy, the company aims to enhance enterprise value by introducing ROIC to quantify profitability and capital efficiency, formulating a specific action plan to achieve its targets, and implementing that plan.」
The company added the introduction and quantification of ROIC, an action plan, and cash allocation to growth areas to its existing capital-efficiency improvement policy. - FY2025-H1AdvancedAnnual report
「1. Reason for acquiring treasury shares To improve capital efficiency and enhance shareholder returns as part of the capital policy 2. Details of the acquisition of treasury shares (1) Class of shares to be acquired Common shares (2) Total number of shares that may be acquired 2,000,000 shares (maximum), representing 5.78% of the total number of shares issued (excluding treasury shares) (3) Total acquisition cost ¥5 billion (maximum) (4) Acquisition period From 1 November 2024 to 31 July 2025 (5) Acquisition method Market purchases on the Tokyo Stock Exchange」
The company resolved to acquire up to 2 million treasury shares for a maximum of ¥5 billion from 1 November 2024 to 31 July 2025, to improve capital efficiency and enhance shareholder returns. - FY2024-Q3AdvancedAnnual report
「To improve capital efficiency and enhance shareholder returns, the Company will flexibly acquire and cancel treasury shares after comprehensively considering growth investment opportunities, its capital position and market conditions, including the recent share price.」
The Company set out a policy of flexibly acquiring and canceling treasury shares to improve capital efficiency and enhance shareholder returns, moving into the execution stage of specific capital policies. - FY2022SoftenedAnnual report
「The Group’s basic financial policy is to strengthen its financial position by improving capital efficiency, and it continues to implement this policy.」
The policy is described as “improving capital efficiency,” rather than the previous wording of “reducing total assets and improving capital efficiency.” - FY2020RestatedAnnual report
「The Group’s basic financial policy is to strengthen its financial position by reducing total assets and improving capital efficiency, and it continues to implement this policy.」
The Company continues to strengthen its financial position by reducing total assets and improving capital efficiency. - FY2018RestatedAnnual report
「The Group’s basic financial policy is to strengthen its financial position by reducing total assets and improving capital efficiency, and it continues to implement this policy.」
The Company continues to strengthen its financial position by reducing total assets and improving capital efficiency. - FY2017RestatedAnnual report
「The Group’s basic financial policy is to strengthen its financial position by reducing total assets and improving capital efficiency, and it continues to implement this policy.」
The Company continues to strengthen its financial position by reducing total assets and improving capital efficiency. - FY2016First statedAnnual report
「The Group’s basic financial policy is to strengthen its financial position by reducing total assets and improving capital efficiency, and it continues to implement this policy.」
This is described together with capital investment funded by retained earnings, the use of cash on hand and the strategic management of surplus funds.