Reinvesting retained earnings in business restructuring, capital investment and product development
First written in FY2016. 4 of 9 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 3 of 37 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Cash generated from investing activities amounted to ¥10.785 billion. This primarily reflected an increase of ¥40.089 billion from proceeds from the sale of property, plant and equipment, offset by decreases of ¥19.215 billion from the acquisition of shares in subsidiaries resulting in changes in the scope of consolidation and ¥9.580 billion from the acquisition of property, plant and equipment, among other factors.」
While generating cash from the sale of fixed assets, the company spent ¥19.215 billion on the acquisition of subsidiaries including Reframax and Dynamix and ¥9.580 billion on the acquisition of facilities, executing growth investments. - 2026-05-15AdvancedEarnings
「Cash provided by investing activities was ¥10,785 million, compared with ¥29,834 million used in the previous fiscal year. This primarily reflected increases from proceeds from the sale of property, plant and equipment of ¥40,089 million, among other items, and decreases from payments for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation of ¥19,215 million and payments for the acquisition of property, plant and equipment of ¥9,580 million, among other items.」
The results of investing activities showed continued acquisitions of subsidiaries and property, plant and equipment, alongside proceeds from the sale of property, plant and equipment. - FY2026-H1AdvancedAnnual report
「Cash used in investing activities amounted to ¥17.193 billion, up 276.6% year on year. This primarily reflected decreases of ¥3.502 billion from the acquisition of property, plant and equipment and ¥13.690 billion from the acquisition of shares in subsidiaries resulting in changes in the scope of consolidation, among other factors.」
The company spent ¥13.690 billion on the acquisition of subsidiary shares and ¥3.502 billion on capital expenditures. The acquisition consideration for Reframax was funded with borrowings from financial institutions, and growth investments, including M&A, are progressing. - FY2025-H1AdvancedAnnual report
「Through this acquisition, the Group will acquire Gouda's production and service bases in Europe, while also incorporating a broad sales network covering Europe, the Middle East and Africa, thereby accelerating the further global expansion of its refractories business. Acquisition consideration: Cash, €144.3 million The acquisition was funded with borrowings from financial institutions.」
The company pursued its policy of business expansion through domestic and overseas M&A using retained earnings and other funds, acquiring all shares of Gouda and funding the €144.3 million acquisition consideration with borrowings from financial institutions. - FY2024RaisedAnnual report
「The company plans to invest retained earnings broadly and effectively in business expansion, including M&A in Japan and overseas, and in business restructuring with a view to the future. It also plans to invest in facilities to further enhance cost competitiveness and in product and technology development to meet customer needs.」
The company explicitly identified business expansion investments through domestic and overseas M&A as uses of retained earnings, broadening the scope beyond its previous focus on facilities and research and development. - FY2022RestatedAnnual report
「We plan to invest retained earnings broadly and effectively in business restructuring with a view to the future, as well as in facilities to further enhance cost competitiveness and in product and technology development to meet customer needs.」
The company has reaffirmed its policy of investing retained earnings in business restructuring, facilities, and product and technology development. - FY2021RestatedAnnual report
「We plan to invest retained earnings broadly and effectively in business restructuring with a view to the future, as well as in facilities to further enhance cost competitiveness and in product and technology development to meet customer needs.」
The company has reaffirmed its policy of reinvesting retained earnings in business restructuring, facilities, and product and technology development. - FY2018RestatedAnnual report
「We plan to invest retained earnings broadly and effectively in business restructuring with a view to the future, as well as in facilities to further enhance cost competitiveness and in product and technology development to meet customer needs.」
The policy of investing retained earnings in business restructuring, facilities, and product and technology development has been reaffirmed. - FY2016First statedAnnual report
「We plan to invest retained earnings broadly and effectively in business restructuring with a view to the future, as well as in facilities to further enhance cost competitiveness and in product and technology development to meet customer needs.」
The Company has stated a policy of allocating retained earnings to business restructuring, facilities, and product and technology development.