Capital policy centred on maintaining an equity ratio of at least 40% and strategic growth investment
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 30 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「The company recognises its cost of equity as 8% and its WACC as 7%. It will work to maintain an equity ratio of at least 50%.」
The company changed its capital-policy benchmarks from an equity ratio of at least 40% and a 6% WACC to an equity ratio of at least 50% and a 7% WACC, prioritising growth investment with consideration for the cost of capital. - FY2024RestatedAnnual report
「The company will work to maintain an equity ratio of at least 40%.」
The company continues its capital policy of maintaining an equity ratio of at least 40% and setting priorities for capital expenditures, M&A and business alliances. The equity ratio at the end of the fiscal year was 57.7%. - FY2022AdvancedAnnual report
「Under “Sanwa Global Vision 2030,” the company is focusing on establishing the foundation to become a global leader in high-performance opening solutions that meet the changing needs of society amid climate change and digitalisation, and will give the highest priority to strategic growth investment.」
The company has linked its capital policy to Vision 2030 by maintaining an equity ratio of at least 40%, generally limiting capital expenditures for existing businesses to depreciation expense, and prioritising core businesses and related areas for M&A and business alliances. - FY2021AdvancedAnnual report
「1. Capital and debt structure (1) The company will work to maintain an equity ratio of at least 40%. 2. Investment (1) Capital expenditures: Capital expenditures necessary to maintain and continue existing businesses will generally be made within the range of depreciation expense. (2) Investments in M&A and business alliances: The company will give priority to considering investments in core businesses and related fields that are expected to grow into core businesses in the future.」
The company has specified a capital policy that includes maintaining an equity ratio of at least 40%, generally limiting capital expenditures to depreciation expense, and prioritising core businesses and related areas for M&A and business alliances. - FY2019First statedAnnual report
「The basic policy for the group's capital policy is to improve capital efficiency while ensuring financial stability, strike a balance between the two, make optimal investments and provide shareholder returns, and increase enterprise value over the medium to long term. (1) The company will work to maintain an equity ratio of at least 40%. (2) With respect to liabilities, the company will strive to maintain a debt structure that does not compromise financial soundness.」
The company has stated that its basic policy is to balance financial stability and capital efficiency, maintain an equity ratio of at least 40%, and maintain a sound debt structure.