Transition to the Monetization and Investment Recovery Phase and Restraint on Large-Scale Investment
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2022.
0 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「For the following consolidated fiscal year, operating cash flow is expected to increase from the current consolidated fiscal year because operating profit is expected to grow from its current level. Cash flow from investing activities is expected to remain flat because no material acquisitions of securities or similar investments are planned. Cash flow from financing activities is expected to include financing through borrowings from financial institutions and the application of those funds to repay borrowings.」
For the following fiscal year, the Company presented a funding plan that anticipates higher operating cash flow, no purchases of securities through investing activities, and borrowings to be used for repayment. - FY2021AdvancedAnnual report
「To enhance the enterprise value of the Group as a whole, the Company is making concentrated investments in focus areas, its core businesses, to achieve the targets of its medium-term management plan for which the fiscal year ending September 2023 is the final year. At the same time, for non-core businesses, the Company is taking steps as appropriate, including sales, to improve its balance sheet through asset rotation and secure funds for investment.」
Under the plan for which the fiscal year ending September 2023 is the final year, the Company explicitly stated its policy of concentrated investment in core businesses and asset rotation through the sale of non-core businesses to secure investment funds. - FY2020-Q2AdvancedAnnual report
「Since March 2020, in domestic and overseas businesses, the impact of COVID-19 has resulted in cancellations of orders and customers’ use of products, as well as lost opportunities to acquire new customers. In addition, the Group proceeded with further liquidations of companies that were difficult to monetise in the short term.」
In connection with the transition to the monetisation and investment recovery phase, the Company proceeded with additional liquidations of companies where achieving profitability in the short term is difficult. - FY2020-Q1AdvancedAnnual report
「While making upfront investments to strengthen the management structure accompanying the expansion of overseas locations, primarily through M&A, and to prepare for the adoption of IFRS, the Group sold subsidiaries in new businesses that were difficult to monetise in the short term.」
To achieve monetisation and recover investments, the Company continued making upfront investments while selling certain new-business subsidiaries where achieving profitability in the short term is difficult. - FY2019First statedAnnual report
「The effects of entering the monetisation and investment recovery phase in the following consolidated fiscal year, including the fact that no large-scale investments are currently planned and that investment securities are expected to be transferred to the CVC in connection with the launch of the investment business, are expected to be reflected in the following consolidated fiscal year.」
In addition to the previous explanation that upfront investment in overseas and new businesses would continue, the Company indicated that it would enter the monetisation and investment recovery phase in the following fiscal year, with no large-scale investments planned and a planned transfer of investment securities to the CVC.