Improving PBR and Capital Efficiency
First written in FY2025. 2 of 4 entries say "Restated". Latest entry: FY2026.
21 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Regarding the share price and capital efficiency, we recognize that our PBR was 0.45x as of the end of March 2026, remaining well below 1x, and that improvement is necessary.」
The company disclosed a specific PBR of 0.45x as of the end of March 2026. It aims to improve capital efficiency through its dividend policy, reductions in cross-held shares and growth investment. - FY2025First statedAnnual report
「Regarding the share price and capital efficiency, we recognize that our price-to-book ratio (PBR) remains well below 1x and that early improvement is necessary. Although some improvement is expected from progress under the VENTURE-5 medium-term management plan, we expect it will take time for business performance and capital efficiency to improve to a level that meets market expectations. We will seek further improvement through additional measures.」
The company recognized that its PBR was well below 1x and explicitly identified early improvement in capital efficiency and market valuation as new issues and targets.