Improving Capital Efficiency and Ensuring Financial Soundness
First written in FY2017. 7 of 16 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 3 of 27 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 13 February 2026, the company acquired treasury shares between 16 February 2026 and 30 June 2026, up to a maximum of 7,000,000 shares and ¥50,000 million, acquiring 2,798,100 shares for a total of ¥29,927 million.」
As a measure to improve capital efficiency, the company acquired 2,798,100 treasury shares for ¥29,927 million. - FY2025AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 18 March 2025, the company acquired treasury shares between 19 March 2025 and 14 April 2025, up to a maximum of 12,000,000 shares and ¥70,000 million, acquiring 9,035,800 shares for a total of ¥69,999 million. At a Board of Directors meeting held on 30 April 2025, the company resolved, pursuant to Article 178 of the Companies Act, to cancel the acquired treasury shares, and carried out the cancellation on 23 May 2025 in accordance with that resolution.」
The annual report confirmed that, as a measure to improve capital efficiency and enhance shareholder returns, the company acquired approximately ¥70 billion of treasury shares and cancelled 9,035,800 shares. - FY2025-H1AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 18 March 2025, the company acquired treasury shares between 19 March 2025 and 14 April 2025, up to a maximum of 12,000,000 shares and ¥70,000 million, acquiring 9,035,800 shares for a total of ¥69,999 million. At a Board of Directors meeting held on 30 April 2025, the company resolved, pursuant to Article 178 of the Companies Act, to cancel the acquired treasury shares, and carried out the cancellation on 23 May 2025 in accordance with that resolution.」
As a measure to improve capital efficiency and enhance shareholder returns, the company acquired approximately ¥70 billion of treasury shares and cancelled 9,035,800 shares. - FY2024AdvancedAnnual report
「This resulted from the issuance of ¥20,000 million in green bonds, with the proceeds earmarked for investments aimed at addressing environmental issues.」
Under its policy of improving capital efficiency and maintaining financial soundness, the company issued ¥20,000 million in green bonds and also acquired and cancelled treasury shares. ROE was 13.4% in fiscal 2024. - FY2024-H1AdvancedAnnual report
「To improve capital efficiency and enhance shareholder returns, we will acquire and cancel treasury shares. Maximum number of shares to be acquired: 10,000,000 shares (1.84% of total shares issued, excluding treasury shares); maximum total acquisition price: ¥50 billion; acquisition period: 2 August 2024 to 20 December 2024」
As a specific measure to improve capital efficiency and enhance shareholder returns, the company conducted a treasury share acquisition of up to 10,000,000 shares and ¥50 billion, and resolved to cancel all acquired shares on 24 December 2024. - FY2023Responding to lower ROE and improving capital efficiencyAnnual report
「ROE was 5.3% in fiscal 2023, mainly due to the impact of impairment losses related to AVP-786, but we will work to improve capital efficiency in fiscal 2024.」
While continuing its policy of improving capital efficiency and maintaining financial soundness, the company’s ROE declined from 6.3% in the previous fiscal year to 5.3% and it indicated a policy of improvement for the following fiscal year. - FY2022RestatedAnnual report
「At the end of the current consolidated fiscal year, our group had cash and cash equivalents of ¥471,634 million, exceeding total bonds and borrowings of ¥120,216 million.」
The company continued to maintain improving capital efficiency and maintaining financial soundness as its basic capital management policy, and indicated that cash and cash equivalents exceeded bonds and borrowings. - FY2021RestatedAnnual report
「At the end of the current consolidated fiscal year, our group had cash and cash equivalents of ¥410,684 million, exceeding total bonds and borrowings of ¥135,632 million.」
The company continued to maintain improving capital efficiency and maintaining financial soundness as its basic capital management policy, and indicated that cash exceeded bonds and borrowings. - FY2020RestatedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, our group’s basic capital management policy is to improve capital efficiency while maintaining financial soundness.」
The company continued to maintain improving capital efficiency and maintaining financial soundness as its basic capital management policy. At the end of December 2020, cash and cash equivalents of ¥356,851 million exceeded bonds and borrowings of ¥153,254 million. - FY2020-Q3RestatedAnnual report
「As of the end of September 2020, total bonds and borrowings amounted to ¥161,971 million. As cash and cash equivalents exceeded total bonds and borrowings, we believe that financial soundness was maintained.」
The company indicated that cash and cash equivalents of ¥339,888 million exceeded total bonds and borrowings of ¥161,971 million, continuing to explain the maintenance of financial soundness. - FY2020-Q2RestatedAnnual report
「As of the end of June 2020, total bonds and borrowings amounted to ¥168,207 million. As cash and cash equivalents exceeded total bonds and borrowings, we believe that financial soundness was maintained.」
The company indicated that cash and cash equivalents of ¥334,806 million exceeded total bonds and borrowings of ¥168,207 million, continuing to explain the maintenance of financial soundness. - FY2020-Q1RestatedAnnual report
「As of the end of March 2020, total bonds and borrowings amounted to ¥179,260 million. As cash and cash equivalents exceeded total bonds and borrowings, we believe that financial soundness was maintained.」
The company indicated that cash and cash equivalents of ¥330,421 million exceeded bonds and borrowings of ¥179,260 million, explaining the maintenance of financial soundness. - FY2019ReframedAnnual report
「We will also manage the business with an awareness of the cost of capital and aim for sustainable growth.」
The Third Medium-Term Management Plan clarified the previous capital management policy of improving capital efficiency and maintaining financial soundness as management with an awareness of the cost of capital. - FY2019-Q3RestatedAnnual report
「As of the end of September 2019, total bonds and borrowings amounted to ¥261,143 million. As cash and cash equivalents exceeded total bonds and borrowings, we believe that financial soundness was maintained.」
The company indicated that cash and cash equivalents exceeded total bonds and borrowings, explaining the maintenance of financial soundness. - FY2018AdvancedAnnual report
「In addition, to diversify its funding sources and ensure management flexibility, we issued ¥80,000 million of unsecured straight corporate bonds in Japan on 7 March 2019.」
The company issued a total of ¥80 billion in unsecured straight corporate bonds, comprising 5-year, 7-year and 10-year tranches, to diversify its funding sources and ensure management flexibility. - FY2017First statedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, our group’s basic capital management policy is to improve capital efficiency while maintaining financial soundness.」
The company first presented improving capital efficiency and maintaining financial soundness independently as its basic capital management policy, together with monitoring financial indicators.