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Piolax (5988) · PolicyRestated

Improving Earnings Power and Strengthening the Financial Position Through a Focus on Quality

First written in FY2016. 9 of 10 entries say "Restated". Latest entry: FY2026.

10entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY20262016: 120162017: 120172018: 020182019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Stable earnings power and improvements in financial positionA theme 58 companies write about · 0 as a headwind · 59 as a tailwind

The whole theme swung hardest in 2020: 10 of 45 companies on the "Worse" side.

19 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 58 companies compared. The sentences above are computed from all 58.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「Based on our management policy of emphasizing quality, aiming for the best rather than the biggest, we are implementing various measures flexibly, with a focus on total shareholder returns, including the acquisition of treasury shares, in order to improve profitability and capital efficiency.」

    The company continues its policy of focusing on quality, improving profitability and capital efficiency, and prioritizing a total payout ratio that includes share buybacks.
  2. FY2025RestatedAnnual report

    「Based on our management policy of emphasizing quality, aiming for the best rather than the biggest, we are implementing various measures flexibly, with a focus on total shareholder returns, including the acquisition of treasury shares, in order to improve profitability and capital efficiency.」

    While maintaining its focus-on-quality policy, the company continues its capital policy of prioritizing improved profitability and capital efficiency and a total payout ratio that includes share buybacks.
  3. FY2024RestatedAnnual report

    「Believing that improving profitability and capital efficiency is important to increasing shareholder value and enterprise value, the Group substantially revised its capital policy in fiscal 2022. With the aim of turning its EVA spread positive and achieving a PBR of 1x, it is pursuing the following initiatives: ① strengthening shareholder returns and further pursuing capital efficiency, ② introducing balance-sheet management, and ③ implementing rigorous group cash management.」

    The company continues its capital policy of maintaining its focus-on-quality approach and prioritizing improved profitability and capital efficiency, a positive EVA spread and achieving a PBR of 1x.
  4. FY2023RestatedAnnual report

    「The Group believes that maintaining and improving a positive EVA spread is essential to increasing shareholder value and, ultimately, enterprise value. Based on its management policy of focusing on quality and aiming to be the best rather than the largest, it aims to improve profitability and capital efficiency.」

    The company maintains its focus-on-quality policy and aims to improve profitability and capital efficiency.
  5. FY2022RestatedAnnual report

    「The Group believes that maintaining and improving a positive EVA spread is essential to increasing shareholder value and, ultimately, enterprise value. Based on its management policy of focusing on quality and aiming to be the best rather than the largest, it aims to improve profitability and capital efficiency.」

    While maintaining its focus-on-quality policy, the company has added that it prioritizes maintaining and improving not only profitability but also capital efficiency and a positive EVA spread.
  6. FY2021RestatedAnnual report

    「Based on its management policy of focusing on quality and aiming to be the best rather than the largest, the Group is working to improve profitability and strengthen its financial position.」

    The company has reiterated its policy of prioritizing profitability and its financial position over maximizing scale.
  7. FY2020RestatedAnnual report

    「Based on its management policy of focusing on quality and aiming to be the best rather than the largest, the Group is working to improve profitability and strengthen its financial position.」

    The company has reiterated its policy of prioritizing profitability and its financial position over maximizing scale.
  8. FY2019RestatedAnnual report

    「Based on its management policy of focusing on quality and aiming to be the best rather than the largest, the Group is working to improve profitability and strengthen its financial position.」

    The company has reiterated its policy of prioritizing profitability and its financial position over maximizing scale.
  9. FY2017RestatedAnnual report

    「Based on its management policy of focusing on quality and aiming to be the best rather than the largest, the Group is working to improve profitability and strengthen its financial position.」

    The company has reiterated its policy of prioritizing profitability and its financial position over maximizing scale.
  10. FY2016First statedAnnual report

    「Based on its management policy of focusing on quality and aiming to be the best rather than the largest, the Group is working to improve profitability and strengthen its financial position.」

    The company indicates that it prioritizes profitability and its financial position over maximizing scale.
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Improving Earnings Power and Strengthening the Financial Position Through a Focus on Quality | PIOLAX,INC. (5988) | Komori