Use of retained earnings for strategic investment, research and development, and overseas expansion
First written in FY2016. 3 of 20 entries say "Advanced", first in FY2021. Latest entry: FY2026.
26 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Capital expenditures for the consolidated fiscal year were ¥2,567 million on a basis of transfers to property, plant and equipment accounts, excluding construction in progress, an increase of ¥1,473 million from the previous fiscal year.」
Capital expenditures were ¥2,567 million, an increase of ¥1,473 million from the previous fiscal year. The company expanded and upgraded production equipment for its automotive products-related business and made investments in R&D equipment and DX-related initiatives. - FY2026-H1RestatedAnnual report
「In terms of earnings, in addition to the decline in net sales, the company pursued strategic investments aimed at future revenue growth. Operating profit was ¥1.64 billion, down 14.4% year on year.」
The company states that it continues to make strategic investments aimed at future revenue growth. The details of the investments and the completion results for individual projects are not disclosed. - FY2025RaisedAnnual report
「During the period covered by the new medium-term management plan, the company will place greater emphasis on distributing results in line with performance, strengthen shareholder returns based on a policy of a 70% total payout ratio, and systematically implement strategic growth investments and capital expenditures.」
The policy of prioritizing investment in R&D, facilities and human resources has been reorganized as strategic growth investment and capital expenditure under the new medium-term management plan, with systematic implementation explicitly stated. - FY2025-H1Update to interim capital expenditure resultsAnnual report
「Cash used in investing activities was ¥519 million, compared with cash provided of ¥822 million in the same period of the previous year. The main factor was ¥615 million in spending on the acquisition of property, plant and equipment and intangible assets.」
During the interim consolidated accounting period, ¥615 million was spent on the acquisition of property, plant and equipment and intangible assets, resulting in cash used in investing activities of ¥519 million. - FY2024-Q2Update to interim capital expenditure resultsAnnual report
「Cash provided by investing activities was ¥822 million, an increase of ¥1,961 million from the same period of the previous year. The main factors were ¥694 million in spending on the acquisition of property, plant and equipment and intangible assets, and ¥1,518 million in proceeds from the collection of loans.」
Spending on the acquisition of property, plant and equipment and intangible assets during the cumulative second quarter of the current consolidated fiscal year was ¥694 million. - FY2023Update to full-year capital expenditureAnnual report
「As a result of investments made in Japan and overseas to expand production capacity and improve productivity, mainly in the automotive products-related business in response to new orders, total capital investment during the consolidated fiscal year was ¥2,200 million on a transfer-to-property, plant and equipment basis, excluding construction in progress.」
The company invested in production equipment for sound absorption and sound insulation materials, molds, paint manufacturing equipment, R&D facilities and IT systems, bringing capital expenditures to ¥2.2 billion. Most of the required funding was provided from retained earnings. - FY2023-Q2Update to interim capital expenditure resultsAnnual report
「Cash used in investing activities amounted to ¥1,139 million, an increase of ¥83 million from the same period of the previous year. The primary factor was ¥1,303 million in expenditure for the acquisition of property, plant and equipment and intangible assets.」
During the first six months, cash used in investing activities totaled ¥1,139 million, while expenditure for the acquisition of property, plant and equipment and intangible assets totaled ¥1,303 million. - FY2022Update to full-year capital expenditureAnnual report
「As a result of investments made in Japan and overseas to expand production capacity and improve productivity, mainly in the automotive products-related business in response to new orders, total capital investment during the consolidated fiscal year was ¥3,620 million on a transfer-to-property, plant and equipment basis, excluding construction in progress, a decrease of ¥685 million from the previous fiscal year. The required funds were financed from retained earnings, except for a portion obtained through bank borrowings.」
Full-year capital investment totaled ¥3,620 million, including ¥2,669 million for production facilities for sound-absorbing and sound-insulating materials and other products, ¥205 million for molds, and ¥495 million for paint manufacturing equipment. Most of the required funds were provided from retained earnings. - FY2022-Q2Update to interim capital expenditure resultsAnnual report
「Cash used in investing activities amounted to ¥1,222 million, an increase of ¥2,146 million from the same period of the previous year. The primary factor was ¥1,316 million in expenditure for the acquisition of property, plant and equipment and intangible assets.」
During the first six months, cash used in investing activities totaled ¥1,222 million, while expenditure for the acquisition of property, plant and equipment and intangible assets totaled ¥1,316 million. - FY2021AdvancedAnnual report
「As a result of investments made in Japan and overseas to expand production capacity and improve productivity, mainly in the automotive products-related business in response to new orders, total capital investment during the consolidated fiscal year was ¥4,305 million on a transfer-to-property, plant and equipment basis, excluding construction in progress, an increase of ¥587 million from the previous fiscal year. The required funds were financed from retained earnings, except for a portion obtained through bank borrowings.」
The company advanced investment to expand production capacity and improve productivity, and in research and development facilities and IT systems. Most of the ¥4,305 million in full-year capital investment was funded from retained earnings. - FY2021-Q2Update to interim capital expenditure resultsAnnual report
「Cash used in investing activities amounted to ¥3,369 million, a decrease of ¥1,576 million from the same period of the previous year. The primary factors were ¥2,253 million in expenditure for the acquisition of property, plant and equipment and intangible assets and ¥1,058 million in loans advanced.」
During the first six months, the company spent ¥2,253 million on the acquisition of property, plant and equipment and intangible assets. - FY2020Update to full-year capital expenditureAnnual report
「As a result of investments made in Japan and overseas to expand production capacity and improve productivity, mainly in the automotive products-related business in response to new orders, total capital investment during the consolidated fiscal year was ¥3,718 million on a transfer-to-property, plant and equipment basis, excluding construction in progress.」
The company disclosed full-year capital investment in the expansion and renewal of production capacity in the automotive products-related business, molds, research and development facilities, and IT systems. - FY2020-Q2Update to interim capital expenditure resultsAnnual report
「Cash used in investing activities amounted to ¥1,793 million, a decrease of ¥2,140 million from the same period of the previous year. The primary factor was ¥1,897 million in expenditure for the acquisition of property, plant and equipment and intangible assets.」
During the first six months, cash used in investing activities totaled ¥1,793 million, while expenditure for the acquisition of property, plant and equipment and intangible assets totaled ¥1,897 million. - FY2019Update to full-year capital expenditureAnnual report
「As a result of investments made in Japan and overseas to expand production capacity and improve productivity, mainly in the automotive products-related business in response to new orders, total capital investment during the consolidated fiscal year was ¥5,744 million on a transfer-to-property, plant and equipment basis, excluding construction in progress, a decrease of ¥2,779 million from the previous fiscal year.」
Full-year capital investment totaled ¥5,744 million, including investment in the expansion and renewal of production facilities for sound-absorbing and sound-insulating materials and other products in the automotive products-related business, molds, research and development facilities, and testing equipment. - FY2019-Q2Update to interim capital expenditure resultsAnnual report
「Cash used in investing activities amounted to ¥3,933 million, an increase of ¥541 million from the same period of the previous year. The primary factor was ¥3,876 million in expenditure for the acquisition of property, plant and equipment and intangible assets.」
The company spent ¥3,876 million on the acquisition of property, plant and equipment and intangible assets during the first six months. The main text does not explicitly link this spending to strategic investment funded by retained earnings or identify specific equipment. - FY2018RaisedAnnual report
「It is necessary to make proactive and continuous investments in research and development and capital equipment for new products and technologies, investment in overseas businesses to enhance technological and production capabilities globally, and investment in human resources that provide the foundation for these efforts.」
The company explicitly identified investment in research and development and capital equipment, overseas business, and human resources as strategic uses of internal funds. - FY2017RestatedAnnual report
「Retained earnings will be used for strategic investments that will drive new growth, proactive research and development investment to respond to changes in the business environment, and the strengthening of overseas business operations, in order to secure a stable management foundation and enhance corporate value.」
The company reiterated its policy of using retained earnings for strategic investment, research and development investment, and overseas expansion. - FY2016First statedAnnual report
「Retained earnings will be used for strategic investments that will drive new growth, proactive research and development investment to respond to changes in the business environment, and the strengthening of overseas business operations, particularly in emerging markets, in order to secure a stable management foundation and enhance corporate value.」
The company explicitly identified strategic investment, research and development, and overseas business as uses of retained earnings.