Improving Asset Efficiency and Reallocating Management Resources with a Focus on the Cost of Capital
First written in FY2022. 6 of 8 entries say "Advanced", first in FY2024. Latest entry: 2026-09-11.
The whole theme swung hardest in 2021: 4 of 10 companies on the "Worse" side.
23 other companies' latest entry also says "Advanced".
- 2026-09-11AdvancedM&A and Subsidiary Changes
「We have decided to carry out this merger in order to use management resources more efficiently, strengthen product competitiveness, and reinforce integrated group management.」
Presented the absorption merger of a wholly owned subsidiary as a specific measure to use management resources more efficiently and strengthen integrated group management. The original canonical thread remains unchanged. - FY2026AdvancedAnnual report
「Improve asset efficiency by reducing cross-shareholdings and compressing working capital based on capital-market expectations, while optimizing cash allocation, including stronger growth investment and shareholder returns.」
Expanding asset-efficiency improvements with a focus on the cost of capital to include reducing cross-shareholdings and working capital, increasing growth investment and shareholder returns, and optimizing cash allocation. - FY2025AdvancedAnnual report
「・Continue reducing cross-shareholdings ・Improve the balance sheet by reducing working capital」
As measures to address management with an awareness of the cost of capital and share price, we have added the reduction of working capital through reviews of the turnover periods for trade receivables, inventories and trade payables, in addition to reducing cross-shareholdings. - FY2024AdvancedAnnual report
「Strengthening Profitability ■Expansion of New Businesses and Products ・Increase investment in research and development to promote technological development ■Thorough Improvement of the Profitability of Existing Businesses ・Review sales prices to appropriate levels ・Integrated sales and production efforts to obtain orders Improving Asset Efficiency ■Improving Asset Efficiency with an Awareness of the Cost of Capital ・Continue reducing cross-shareholdings ・Review low-utilization assets, such as employee resorts Enhancing Shareholder Returns ・Dividend policy and payout ratio of at least 30% ・Continue share repurchases」
As measures to address management with an awareness of the cost of capital and share price, we have organized specific actions including research and development investment, price revisions, integrated sales and production efforts to obtain orders, reviews of cross-shareholdings and low-utilization assets, and dividends and share repurchases. - FY2023-Q3RestatedAnnual report
「By improving asset efficiency with an awareness of the cost of capital」
Improving asset efficiency with an awareness of the cost of capital continues as a basic policy of the new medium-term management plan. - FY2022First statedAnnual report
「Continue to reduce cross-shareholdings and idle assets ・Review capital efficiency by business and consider reallocating management resources」
The new medium-term management plan identifies as key initiatives the continued reduction of cross-shareholdings and idle assets, as well as the reallocation of management resources after reviewing capital efficiency by business.