Use of Retained Earnings for Capital Expenditure and Overseas Business Expansion
First written in FY2016. 3 of 7 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026Capital investment declined while the Gunma plant was expandedAnnual report
「In the consolidated fiscal year, model-specific investment associated with the launch of new models totaled ¥3,778 million, down 30.4% year on year. Basic investment totaled ¥17,781 million, down 38.6% year on year, due mainly to the expansion of the Gunma plant in Japan and the introduction of new equipment. As a result, total capital investment was ¥21,559 million, down 37.3% year on year.」
While total capital investment declined 37.3% year on year, growth investment, including the expansion of the Gunma plant and the introduction of new equipment, continued. - 2026-05-15AdvancedRevision of earnings forecasts
「Net cash used in investing activities was ¥37,394 million. The primary use of cash was ¥40,201 million for the acquisition of property, plant and equipment.」
Growth investment and capital investment were reflected in the full-year amount of ¥40,201 million for the acquisition of property, plant and equipment. - FY2026-H1AdvancedAnnual report
「Cash flow from investing activities amounted to an outflow of ¥20,506 million. Major outflows included a net increase in time deposits of ¥3,603 million and purchases of property, plant and equipment of ¥16,535 million. Outflows increased by ¥2,666 million from the same interim period of the previous year, mainly due to higher purchases of property, plant and equipment.」
Growth and capital investment expanded from the previous period, reflected in purchases of property, plant and equipment of ¥16,535 million and cash outflows from investing activities of ¥20,506 million. - FY2025AdvancedAnnual report
「In the consolidated fiscal year, model-specific investment associated with the launch of new models totaled ¥5,430 million, up 51.4% year on year. Basic investment totaled ¥28,943 million, up 241.2% year on year, due to the start of operations at the Chubu plant in Japan and N-APAC in China. As a result, total capital investment was ¥34,373 million, up 184.8% year on year.」
Growth and capital investment took more concrete form in total capital investment of ¥34,373 million, including the start of operations at the Chubu plant and N-APAC in China. - FY2020RaisedAnnual report
「Funds generated through business activities are first directed toward growth investments and research and development expenses. They are allocated to retained earnings in order to maintain sufficient equity to enable rapid investment execution and crisis response. On the foundation of this sound financial position, we will provide stable and continuous increases in dividends as shareholder returns.」
The existing policy of allocating retained earnings to capital investment and overseas expansion was broadened into a capital allocation policy that includes growth investment, research and development, equity sufficient to respond to crises, and continuous dividend increases. - FY2019-Q1RestatedAnnual report
「Our basic policy is to make capital investments within the range of our projected future cash-generation capacity.」
The company clearly stated a capital allocation policy of making capital investments within the range of projected future cash-generation capacity, supplementing its existing policy of allocating funds to capital investment and overseas business expansion. - FY2016First statedAnnual report
「We intend to use the funds retained as retained earnings for capital investment, primarily to support future new vehicle models, as well as for overseas business expansion.」
Alongside shareholder returns, retained earnings were allocated to capital investment for new vehicle models and overseas expansion.