Allocating retained funds to growth investment
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2021.
BP Castrol K.K. moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 3 of 23 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2021SoftenedAnnual report
「内部留保資金につきましては、経済環境・市場環境の変化・縮小傾向に転じつつある自動車用潤滑油市場への対応、そして持続的な成長と中長期的な企業価値の向上に向け、当社の強みと戦略的関連性がありシナジーが期待できる分野への成長投資に経営資源を配分する施策に備えて留保してまいりたいと考えております。」
内部留保の用途として市場縮小への対応とシナジーが期待できる分野への成長投資を残しているが、前年度までのブランド力・コスト競争力向上策への明示はなくなった。 - FY2020RestatedAnnual report
「We intend to retain internal funds to prepare for measures addressing changes in the economic and market environment and the automotive lubricant market's shift toward contraction, initiatives that enhance brand strength and cost competitiveness and meet market needs, and growth investments in areas with strategic relevance to our strengths where synergies are expected, with the aim of achieving sustainable growth and enhancing corporate value over the medium to long term.」
内部留保を市場縮小への対応、ブランド力・コスト競争力向上策およびシナジーが期待できる分野への成長投資に備える方針を継続している。 - FY2019RestatedAnnual report
「We intend to retain internal funds to prepare for measures addressing changes in the economic and market environment and the automotive lubricant market's shift toward contraction, initiatives that enhance brand strength and cost competitiveness and meet market needs, and growth investments in areas with strategic relevance to our strengths where synergies are expected, with the aim of achieving sustainable growth and enhancing corporate value over the medium to long term.」
内部留保を市場縮小への対応、ブランド力・コスト競争力向上策およびシナジーが期待できる分野への成長投資に備える方針を継続している。 - FY2018First statedAnnual report
「We intend to retain internal funds to prepare for measures addressing changes in the economic and market environment and the automotive lubricant market's shift toward contraction, initiatives that enhance brand strength and cost competitiveness and meet market needs, and growth investments in areas with strategic relevance to our strengths where synergies are expected, with the aim of achieving sustainable growth and enhancing corporate value over the medium to long term.」
States that retained earnings will be reserved for responding to market contraction, strengthening brand and cost competitiveness, and growth investments in areas where synergies are expected.