Allocation of retained earnings to capital expenditure and investment in new businesses
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2022.
Maezawa Kyuso Industries moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
13 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「The Company's basic policy is to return profits after comprehensively considering the financial position in each fiscal year and future business expansion, including investments aimed at business growth and the preservation of the global environment.」
The Company explicitly identifies investments aimed at preserving the global environment, in addition to business growth, as a factor in determining profit returns. - FY2021RestatedAnnual report
「The Company will use retained earnings to fund future business expansion, including funding needs associated with establishing a strong earnings base, development of high-value-added products and capital expenditure.」
The Company continues its policy of using retained earnings for future business expansion, including an earnings base, high-value-added products and capital expenditure. - FY2020Reorganization of the uses of retained earningsAnnual report
「The Company will use retained earnings to fund future business expansion, including funding needs associated with establishing a strong earnings base, development of high-value-added products and capital expenditure.」
The uses have been reorganized from the previous wording of improving productivity, reducing costs and investing in new businesses to focus on an earnings base, high-value-added products and capital expenditure. - FY2017RestatedAnnual report
「The Company plans to allocate retained earnings to capital expenditure aimed at improving productivity and reducing costs, as well as investments for future expansion into new businesses.」
The policy of allocating retained earnings to capital expenditure, cost reduction and investment in new businesses is reiterated. - FY2016First statedAnnual report
「The Company plans to allocate retained earnings to capital expenditure aimed at improving productivity and reducing costs, as well as investments for future expansion into new businesses.」
The policy is to allocate retained earnings to investments in productivity, cost reduction and new businesses.