Allocation of Retained Earnings to Capital Expenditure, Research and Development, and Shareholder Returns
First written in FY2016. 10 of 13 entries say "Restated". Latest entry: 2026-04-28.
- 2026-04-28AdvancedTreasury Shares
「For the fiscal year ending March 2027, we will achieve a substantial further improvement in our capital structure by conducting this tender offer.」
The policy for allocating internal funds identifies improving the capital structure through shareholder returns from the acquisition of treasury shares as a specific measure for the fiscal year ending March 2027. - FY2025RestatedAnnual report
「In addition, the Company will invest cash in capital investment, R&D, M&A and other initiatives necessary for business growth and the realization of its corporate philosophy, while opportunistically repurchasing its own shares, taking into account its target capital structure and theoretical share price, to return value to shareholders.」
The Company has reaffirmed its policy of allocating internal funds concurrently to growth investments in capital expenditures, R&D and M&A, and to shareholder returns through share repurchases. - FY2023-Q3RestatedAnnual report
「Regarding sources of capital and liquidity, our basic policy is to fund the working capital and capital expenditure requirements of the consolidated companies primarily with internal funds, raising additional funds through borrowings or the issuance of corporate bonds as necessary.」
The Company has reaffirmed its policy of funding working capital and capital expenditures primarily from internal sources, supplemented by borrowings and bond issuance as necessary. - FY2022-Q3RestatedAnnual report
「The consolidated companies plan to focus capital expenditures on expanding production capacity, developing next-generation models, transitioning to and developing new products, and R&D investment for new product development. Funding is expected to be provided in accordance with the basic policy described above.」
The Company has reaffirmed its policy of continuing to invest in production expansion, next-generation models, and the transition to and development of new products, with funding provided primarily from internal sources and supplemented by borrowings, bonds and other means. - FY2021ReframedAnnual report
「Retained earnings will be used effectively for future business development, including capital investment, R&D and M&A to address technological innovation in areas including electrification, advanced safety and autonomous driving, while the Company will conduct opportunistic share repurchases to return value to shareholders, taking into account share price trends and the capital structure.」
Regarding the use of retained earnings, the Company has specified, in addition to its existing capital investment, R&D and share repurchase plans, opportunistic share repurchases taking into account the share price and capital structure, as well as investment in electrification, advanced safety and autonomous driving. - FY2021-Q3RestatedAnnual report
「The consolidated companies plan to focus capital expenditures on expanding production capacity, developing next-generation models, transitioning to and developing new products, and R&D investment for new product development. Funding is expected to be provided in accordance with the basic policy described above.」
The Company has reaffirmed its policy of continuing to invest in production expansion, next-generation models, and the transition to and development of new products, with funding secured in accordance with its existing financing policy. - FY2021-Q2RestatedAnnual report
「The consolidated companies plan to focus capital expenditures on expanding production capacity, developing next-generation models, transitioning to and developing new products, and R&D investment for new product development. Funding is expected to be provided in accordance with the basic policy described above.」
The Company has reaffirmed its policy of making capital and R&D investments to sustain growth, funded primarily from internal sources and supplemented by borrowings and other means as necessary. - FY2020RestatedAnnual report
「In addition, retained earnings will be used for capital investment and R&D investment to sustain long-term business growth, as well as for opportunistic share repurchases to return profits to shareholders, taking into account the Company's financial position and other factors.」
The Company has reaffirmed its policy of allocating retained earnings to capital investment, R&D investment and share repurchases. - FY2020-Q3RestatedAnnual report
「Regarding sources of capital and liquidity, our basic policy is to fund the working capital and capital expenditure requirements of the consolidated companies primarily with internal funds, raising additional funds through borrowings or the issuance of corporate bonds as necessary.」
The policy of funding working capital and capital expenditures primarily with internal funds and supplementing them with borrowings and corporate bonds as necessary has been reaffirmed. - FY2019RestatedAnnual report
「In addition, we will use retained earnings for capital expenditures and research and development investment to sustain business growth over the long term, and, taking our financial position and other factors into account, will also allocate them to share repurchases to return profits to shareholders.」
The policy of applying retained earnings to capital expenditures, research and development investment and share repurchases has been reaffirmed. - FY2018RestatedAnnual report
「We will use retained earnings for capital expenditures and research and development investment to sustain business growth over the long term, and, taking our financial position and other factors into account, will also allocate them to share repurchases to return profits to shareholders.」
The policy of applying retained earnings to capital expenditures, research and development investment and share repurchases has been reaffirmed. - FY2017RestatedAnnual report
「We will use retained earnings for capital expenditures and research and development investment to sustain business growth over the long term, and, taking our financial position and other factors into account, will also allocate them to share repurchases to return profits to shareholders.」
The policy of allocating retained earnings to capital expenditures, research and development investment and share repurchases has been reaffirmed. - FY2016First statedAnnual report
「We will use retained earnings for capital expenditures and research and development investment to sustain business growth over the long term, and, taking our financial position and other factors into account, will also allocate them to share repurchases to return profits to shareholders.」
Growth investment and share repurchases are identified as the primary uses of retained earnings.