Balancing Shareholder Returns with Growth Investment and Financial Base Strengthening
First written in FY2016. 13 of 33 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「Going forward, we will pursue balanced financial management, with an emphasis on improving capital efficiency and ensuring financial safety while keeping a reduction in interest-bearing debt in view.」
The company continues to pursue financial management that prioritizes capital efficiency, financial safety and the reduction of interest-bearing debt. - FY2025AdvancedAnnual report
「At the same time, we will work to improve ROE by advancing financial soundness in parallel, including by optimizing total asset turnover and financial leverage through more efficient use of capital expenditure and shorter lead times resulting from stronger supply chain management.」
The previous policy of balancing shareholder returns, growth investment and financial soundness has been translated into improving ROE through capital expenditure efficiency, a stronger supply chain, shorter lead times, and optimization of total asset turnover and financial leverage. - FY2024RestatedAnnual report
「Going forward, we will pursue balanced financial management, with an emphasis on improving capital efficiency and ensuring financial safety while keeping a reduction in interest-bearing debt in view.」
The company has reaffirmed its financial management policy of prioritizing capital efficiency, financial safety and the reduction of interest-bearing debt. - FY2024-Q3Continued borrowing and increase in cashAnnual report
「Cash and cash equivalents during the cumulative consolidated period of the third quarter under review amounted to ¥23,370 million, an increase of ¥4,023 million, or 20.8%, from the end of the same quarter of the previous year. Funds used in financing activities amounted to ¥713 million, compared with ¥4,240 million provided in the previous third quarter cumulative consolidated period. This was mainly due to ¥7,500 million in proceeds from long-term borrowings, offset by ¥5,505 million in expenditure for the repayment of long-term borrowings and a ¥1,541 million decrease in the net change in short-term borrowings.」
Cash and cash equivalents increased 20.8% from the end of the same period of the previous year to ¥23,370 million. Although the company received ¥7,500 million in proceeds from long-term borrowings, financing activities used ¥713 million due to repayments of long-term borrowings and other factors. - FY2024-Q2Continued long-term borrowing and increase in cash balanceAnnual report
「Cash and cash equivalents during the cumulative consolidated period of the second quarter under review amounted to ¥22,481 million, an increase of ¥5,721 million, or 34.1%, from the end of the same quarter of the previous year. Funds provided by financing activities amounted to ¥623 million, compared with ¥632 million provided in the previous second quarter cumulative consolidated period. This was mainly due to ¥7,500 million in proceeds from long-term borrowings, despite ¥4,705 million in expenditure for the repayment of long-term borrowings and a ¥1,512 million decrease in the net change in short-term borrowings.」
Cash and cash equivalents increased 34.1% from the end of the same period of the previous year, and the company disclosed its financing activities, including ¥7,500 million in proceeds from long-term borrowings. - FY2024-Q1Increase in cash through long-term borrowingsAnnual report
「Funds provided by financing activities amounted to ¥1,427 million, compared with ¥265 million provided in the previous cumulative consolidated period of the first quarter. This was mainly due to ¥5,000 million in proceeds from long-term borrowings, despite a ¥2,350 million decrease in the net change in short-term borrowings.」
Financing activities provided ¥1,427 million, including ¥5,000 million in long-term borrowings, and cash and cash equivalents increased to ¥23,202 million. - FY2023-Q3Increase in cash through higher borrowingsAnnual report
「Cash and cash equivalents during the cumulative consolidated period of the third quarter under review amounted to ¥19,347 million, an increase of ¥1,076 million, or 5.9%, from the end of the same quarter of the previous year.」
Cash and cash equivalents increased 5.9% from the end of the same period of the previous year to ¥19,347 million. Financing activities provided ¥4,240 million, reflecting a ¥6,149 million increase in short-term borrowings and ¥5,634 million in proceeds from long-term borrowings. - FY2023-Q2Continued decline in cash, with funds raised through borrowingsAnnual report
「Cash and cash equivalents (hereinafter, “funds”) during the cumulative consolidated period of the second quarter under review amounted to ¥16,760 million, a decrease of ¥2,948 million, or 15.0%, from the end of the same quarter of the previous year.」
Cash and cash equivalents decreased by ¥2,948 million, or 15.0%, from the end of the same quarter of the previous year. Meanwhile, financing activities provided ¥632 million, mainly through long-term borrowings and other sources. - FY2023-Q1Increase in short-term borrowings and decrease in cashAnnual report
「Funds provided by financing activities amounted to ¥265 million, compared with ¥3,841 million used in the previous year-to-date third quarter. This was mainly due to a ¥1,752 million increase in the net change in short-term borrowings, despite ¥1,045 million in expenditure for the repayment of long-term borrowings.」
During the quarter, short-term borrowings increased by ¥1,752 million and financing activities provided ¥265 million. Meanwhile, cash and cash equivalents decreased by ¥1,627 million from the end of the same quarter of the previous year. - FY2022-Q3AdvancedAnnual report
「Funds provided by operating activities amounted to ¥9,763 million, compared with ¥2,910 million provided in the previous third quarter cumulative consolidated period. Funds used in investing activities amounted to ¥5,976 million, compared with ¥5,280 million used in the previous third quarter cumulative consolidated period. This was mainly due to ¥4,810 million in expenditure for the acquisition of property, plant and equipment. Funds used in financing activities amounted to ¥4,376 million, compared with ¥6,357 million provided in the previous third quarter cumulative consolidated period. This was mainly due to a ¥2,902 million decrease in the net change in short-term borrowings.」
Cash flow from operating activities increased to ¥9,763 million, while ¥4,810 million was invested in property, plant and equipment. Financing activities used ¥4,376 million, and short-term borrowings decreased by ¥2,902 million. - FY2021AdvancedAnnual report
「To address the uncertainty caused by the spread of COVID-19 during the fiscal year under review, we sought to secure additional funding capacity while maintaining sufficient cash on hand. At the end of the fiscal year under review, we held ¥22,007 million in cash and deposits, and had established commitment lines of a substantial amount in addition to sufficient undrawn overdraft facilities.」
During the pandemic, the company secured cash on hand and borrowing capacity, specifically disclosing cash and deposits of ¥22,007 million, overdraft facilities and commitment lines. - FY2021-Q3AdvancedAnnual report
「We have entered into overdraft agreements with 21 transaction banks and commitment line agreements with 6 transaction banks to secure working capital efficiently. The undrawn amount under these agreements is as follows.」
The total amount of overdraft facilities and commitment lines was ¥38,556 million, of which ¥9,550 million had been drawn and ¥29,006 million remained undrawn, showing the company's specific working-capital funding capacity. - FY2021-Q2AdvancedAnnual report
「Funds provided by financing activities amounted to ¥11,122 million, compared with ¥2,709 million used in the previous second quarter cumulative consolidated period. This was mainly due to a ¥9,538 million increase in the net change in short-term borrowings.」
In connection with securing liquidity during the pandemic, financing activities provided ¥11,122 million, and short-term borrowings increased by ¥9,538 million. - FY2021-Q1Securing liquidity during the pandemicAnnual report
「We are also working to secure liquidity on hand for funding across the group.」
In response to the spread of COVID-19, the company identified securing liquidity on hand as a priority in its funding activities. In practice, cash flow from financing activities amounted to ¥8,166 million, while short-term borrowings increased by ¥9,722 million. - FY2020AdvancedAnnual report
「To make effective and efficient use of management resources and assets, we transferred land formerly used as our head office and Nagoya Plant and recorded a gain on the sale of property, plant and equipment of ¥3,909 million in the fiscal year under review. We will continue considering optimal ways to use our management resources and assets.」
The company transferred the land formerly used as its head office and Nagoya Plant and recorded a gain on the sale of property, plant and equipment of ¥3,909 million. Its asset-efficiency policy has produced a concrete result. - FY2020-Q3RestatedAnnual report
「To achieve sustainable growth through corporate management from a medium- to long-term perspective, it will be necessary to establish a production, sales and technology network that responds to future market trends and changes, raise the productivity of domestic and overseas subsidiaries to the company's level, and maintain world-class capabilities in product, design, manufacturing, production and development technologies. Accordingly, while considering the balance with returning profits to shareholders, we intend to invest our resources effectively and efficiently in research and development of new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its capital allocation policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2019-Q3RestatedAnnual report
「To achieve sustainable growth through corporate management from a medium- to long-term perspective, it will be necessary to establish a production, sales and technology network that responds to future market trends and changes, raise the productivity of domestic and overseas subsidiaries to the company's level, and maintain world-class capabilities in product, design, manufacturing, production and development technologies. Accordingly, while considering the balance with returning profits to shareholders, we intend to invest our resources effectively and efficiently in research and development of new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its capital allocation policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2019-Q2RestatedAnnual report
「To achieve sustainable growth through corporate management from a medium- to long-term perspective, it will be necessary to establish a production, sales and technology network that responds to future market trends and changes, raise the productivity of domestic and overseas subsidiaries to the company's level, and maintain world-class capabilities in product, design, manufacturing, production and development technologies. Accordingly, while considering the balance with returning profits to shareholders, we intend to invest our resources effectively and efficiently in research and development of new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its capital allocation policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2019-Q1RestatedAnnual report
「To achieve sustainable growth through corporate management from a medium- to long-term perspective, it will be necessary to establish a production, sales and technology network that responds to future market trends and changes, raise the productivity of domestic and overseas subsidiaries to the company's level, and maintain world-class capabilities in product, design, manufacturing, production and development technologies. Accordingly, while considering the balance with returning profits to shareholders, we intend to invest our resources effectively and efficiently in research and development of new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its capital allocation policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2018Formulating a specific financial strategyAnnual report
「We will continue investing approximately ¥10,000 million annually to maintain the competitiveness of our existing businesses while reducing interest-bearing debt through stronger earnings and cash management. In addition, given the possibility of a rapid market contraction, we will take a cautious approach to investment related to automotive engine bearings in the latter half of the medium-term management plan period, while actively investing in research and development, new businesses and M&A. We will seek to invest actively in growth areas while maintaining financial soundness with an equity ratio of 35% in mind.」
The previous policy of balancing dividends and growth investment has been translated into a financial strategy involving debt reduction, annual investment of approximately ¥10,000 million, an equity ratio of 35% and investment in growth areas. - FY2018-Q2RestatedAnnual report
「While considering the balance with dividend payments to shareholders, we intend to invest our assets effectively and efficiently in research and development for new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2018-Q1RestatedAnnual report
「While considering the balance with dividend payments to shareholders, we intend to invest our assets effectively and efficiently in research and development for new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2017RestatedAnnual report
「Our basic policy is to maintain a stable level of dividends from surplus over the long term, taking into comprehensive consideration appropriate shareholder returns based on business performance and the payout ratio, as well as retained funds for future business development, expanded research and development, strengthening the management base and changes in the business environment.」
The company has reiterated its dividend policy of comprehensively considering shareholder returns, investment for the future and strengthening the management base. - FY2017-Q3RestatedAnnual report
「While considering the balance with dividend payments to shareholders, we intend to invest our assets effectively and efficiently in research and development for new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its policy of balancing dividend payments with investment in research and development, production technologies, advanced technologies and intellectual property. - FY2017-Q2RestatedAnnual report
「While considering the balance with dividend payments to shareholders, we intend to invest our assets effectively and efficiently in research and development for new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its policy of balancing dividend payments with investment in research and development, production technologies and other areas. - FY2017-Q1RestatedAnnual report
「While considering the balance with dividend payments to shareholders, we intend to invest our assets effectively and efficiently in research and development for new products and production technologies, upgrading our manufacturing capabilities, utilizing and introducing advanced technologies through industry-government-academia collaboration, and protecting the company through intellectual property rights.」
The company has reiterated its capital allocation policy of balancing dividend payments with investment in research and development, production technologies and other areas. - FY2016First statedAnnual report
「Our basic policy is to maintain a stable level of dividends from surplus over the long term, taking into comprehensive consideration appropriate shareholder returns based on business performance and the payout ratio, as well as retained funds for future business development, expanded research and development, strengthening the management base and changes in the business environment.」
The company's basic policy is to balance shareholder returns with investment for the future and strengthening the management base.