Use of Retained Earnings for Research and Development, Quality Improvement and Capital Investment
First written in FY2016. 11 of 15 entries say "Restated". Latest entry: FY2026.
Kyosan Electric Manufacturing moved to the "Worse" side of this theme in 2023, 3 years before the typical company in this theme (2026).
The whole theme swung hardest in 2025: 5 of 49 companies on the "Worse" side.
4 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「As a basic approach, the Company will balance the allocation of necessary investments across each area with stable shareholder returns in line with medium- to long-term earnings levels, and will pay dividends from retained earnings with the aim of achieving a DOE in the 3% range.」
While maintaining its policy of viewing capital allocation as a balance between necessary investment and shareholder returns, the company raised its target for shareholder returns to a DOE in the 3% range. - FY2025ReframedAnnual report
「As a basic approach, the Company will balance the allocation of necessary investments across each area with stable shareholder returns in line with medium- to long-term earnings levels, and will pay dividends from retained earnings with a DOE in the mid-2% range as a guideline.」
The explanation of retained earnings and capital allocation has been reorganized around the new medium-term plan's approach of balancing necessary investment in each area with stable shareholder returns. - FY2023ReframedAnnual report
「As its basic policy, the company has adopted a "Growth Strategy" and a "Sustainable Strategy" and will address the respective challenges of R&D and intellectual property, human capital, IT and digital, and finance in order to achieve them.」
The explanation of retained earnings and investment allocation is presented in connection with the investment priorities of the medium-term management plan, including R&D, intellectual property, human capital, IT and digital, and finance. - FY2021RestatedAnnual report
「The Group operates businesses with significant social and public importance, including its railway and road-traffic signal systems business, and considers itself responsible for providing high-quality products on a stable basis. Accordingly, its basic policy is to maintain stable dividends in order to establish a sound management base over the long term and on a continuing basis, and to strengthen shareholders' equity. Taking into comprehensive consideration the consolidated results for the fiscal year and the research and development and capital investments required for the future, the Group will distribute profits stably in line with medium- to long-term earnings levels.」
The company maintains its basic policy of stable dividends and profit allocation reflecting R&D and capital investment. - FY2020RestatedAnnual report
「The policy is to use retained earnings to strengthen the business foundation, including the development of advanced technologies and new products for the future, as well as capital investment to improve quality, reduce costs and improve production efficiency.」
The company continues its policy of using retained earnings for R&D, new products, quality improvement, cost reduction, production efficiency improvements and capital investment. - FY2020-Q3RestatedAnnual report
「Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety,」
The company continues to indicate its commitment to proactive R&D and capital investment to ensure and enhance safety, and to maintaining a certain level of retained earnings to enable this. - FY2020-Q2RestatedAnnual report
「② Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety,」
The company continues to indicate its commitment to proactive R&D and capital investment to ensure and enhance safety, and to maintaining a certain level of retained earnings to enable this. - FY2020-Q1RestatedAnnual report
「② Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety,」
The company continues to indicate its commitment to proactive R&D and capital investment to ensure and enhance safety, and to maintaining a certain level of retained earnings to enable this. - FY2019-Q3RestatedAnnual report
「② Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety,」
The company continues to indicate its commitment to proactive R&D and capital investment to ensure and enhance safety, and to maintaining a certain level of retained earnings to enable this. - FY2019-Q2RestatedAnnual report
「② Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety,」
The company continues to indicate its commitment to proactive R&D and capital investment to ensure and enhance safety, and to maintaining a certain level of retained earnings to enable this. - FY2019-Q1RestatedAnnual report
「② Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety,」
The company continues to indicate its commitment to proactive R&D and capital investment to ensure and enhance safety, and to maintaining a certain level of retained earnings to enable this. - FY2018RestatedAnnual report
「The policy is to use retained earnings to strengthen the business foundation, including the development of advanced technologies and new products for the future, as well as capital investment to improve quality, reduce costs and improve production efficiency.」
The company continues its policy of using retained earnings for R&D, new products, quality improvement, cost reduction, production efficiency improvements and capital investment. - FY2018-Q3RestatedAnnual report
「Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety.」
The company reaffirms its commitment to R&D and capital investment to ensure safety, and to maintaining a certain level of retained earnings to enable this. - FY2018-Q2RestatedAnnual report
「Maintain and secure a certain level of retained earnings to fund continuous, proactive R&D and capital investment aimed at ensuring and enhancing safety.」
The company reaffirms its commitment to R&D and capital investment to ensure safety, and to maintaining a certain level of retained earnings to enable this. - FY2016First statedAnnual report
「The policy is to use retained earnings to strengthen the business foundation, including the development of advanced technologies and new products for the future, as well as capital investment to improve quality, reduce costs and improve production efficiency.」
The company states its policy of allocating retained earnings to advanced technology and new product development, quality improvement, cost reduction, production efficiency improvements and capital investment.