Balancing Growth Investment Focused on India with Capital Efficiency and Shareholder Returns
First written in FY2016. 24 of 32 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-05.
- 2026-08-05AdvancedRevisions to earnings forecasts
「Liabilities amounted to ¥2.4612 trillion, a decrease of ¥22.5 billion from the end of the previous fiscal year. In light of the instability in global conditions, we intend to maintain the current level of borrowings for the time being.」
Continued the policy of maintaining borrowings at their current level for the time being, while the ratio of equity attributable to owners of the parent increased from 51.0% at the end of the previous fiscal year to 52.1%. - FY2026AdvancedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 51.0% (49.6% at the end of the previous fiscal year).」
The ratio of equity attributable to owners of the parent rose from 49.6% to 51.0%. Financial performance in balancing growth investment and shareholder returns with the capital base improved further. - 2026-05-14AdvancedRevisions to earnings forecasts
「The ratio of equity attributable to owners of the parent was 51.0% (49.6% at the end of the previous fiscal year). In terms of capital efficiency, while referring to generally accepted ROIC-based management, we will improve capital efficiency in a manner suited to Suzuki's actual circumstances by managing the relationship between investment and returns for individual projects and appropriately managing working capital. We will also work to reduce the cost of capital by minimizing risks and providing appropriate disclosure.」
In addition to the increase in the ratio of equity attributable to owners of the parent, specifically described the approach to investment and working capital management based on ROIC and to reducing the cost of capital. - FY2026-H1AdvancedAnnual report
「In view of instability in the global situation, the company plans to maintain the current borrowing level for the time being.」
Against the backdrop of instability in the global situation, the company continued its policy of maintaining the borrowing level for the time being to secure funds. The ratio of equity attributable to owners of the parent rose from 49.6% at the end of the previous fiscal year to 50.4%. - FY2025AdvancedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 49.6% (47.2% at the end of the previous fiscal year).」
The ratio of equity attributable to owners of the parent rose from 47.2% to 49.6%. Financial performance in balancing growth investment and shareholder returns with the capital base improved. - FY2025-H1RestatedAnnual report
「In view of instability in the global situation, the company plans to maintain the current borrowing level for the time being.」
Against the backdrop of instability in the global situation, the company continues its policy of maintaining the current borrowing level for the time being to secure funds. - FY2024AdvancedAnnual report
「Based on a resolution of the board of directors meeting held on 15 May 2023, the company acquired 3,767,600 shares of treasury stock.」
While continuing its growth investment, the company acquired 3,767,600 shares of treasury stock, worth approximately ¥20 billion, based on a resolution of the board of directors meeting held in May 2023. The equity ratio also rose from 45.4% at the end of the previous fiscal year to 46.3%. - FY2024-Q3AdvancedAnnual report
「Based on a resolution of the board of directors meeting held on 15 May 2023, the company acquired 3,767,600 shares of treasury stock.」
As a capital policy concerning capital efficiency and shareholder returns, the company acquired 3,767,600 shares of treasury stock based on a resolution of the board of directors meeting held in May 2023. It also continues its policy of maintaining the current borrowing level for the time being in view of instability in the global situation. - FY2024-Q2Updated the reasons for maintaining the borrowing level to reflect instability in the global situationAnnual report
「In view of instability in the global situation, including the situation in Ukraine and the situation in Palestine, the company plans to maintain the current borrowing level for the time being.」
While continuing its policy of maintaining the borrowing level for the time being, the company expressly cited instability in the global situation, including the situations in Ukraine and Palestine, in addition to the previously cited component supply shortages and recession risks. - FY2024-Q1AdvancedAnnual report
「Net assets were ¥2.7563 trillion, up ¥247.6 billion from the end of the previous fiscal year. In view of component supply shortages, including semiconductors, and the increasing risk of a global economic recession, the company plans to maintain the current borrowing level for the time being.」
Net assets increased by ¥247.6 billion from the end of the previous fiscal year, and the key equity ratio also rose from 45.4% to 47.3%. At the same time, the company continues its policy of maintaining the borrowing level for the time being in view of component supply shortages and the risk of an economic recession. - FY2023-Q3AdvancedAnnual report
「In view of the still-uncertain impact of shortages in the supply of components, including semiconductors, and the increasing risk of a global economic recession, the company plans to maintain the current borrowing level for the time being.」
While continuing its policy of maintaining the borrowing level for the time being, the company reported an equity ratio of 45.9% at the end of the third quarter, up from 45.2% at the end of the previous fiscal year. - FY2023-Q2RestatedAnnual report
「In view of uncertainty over the impact of shortages in the supply of components, including semiconductors, and the increasing risk of a global economic recession, the company plans to maintain the current borrowing level for the time being.」
The company continues its policy of securing funds by maintaining the borrowing level for the time being in view of component supply shortages and the risk of a global economic recession. - FY2022AdvancedAnnual report
「The company took out ¥400 billion in borrowings during the cumulative first quarter period of the previous year amid the spread of COVID-19, and plans to maintain the current borrowing level for the time being in view of uncertainty over the future business environment, including semiconductor shortages. The equity ratio stood at 45.2% at the end of the consolidated fiscal year under review, recovering to the level at the end of the fiscal year ended March 2020.」
The equity ratio recovered to 45.2% while the company maintained the ¥400 billion borrowing level. - FY2022-Q3AdvancedAnnual report
「The equity ratio stood at 44.9% at the end of the third quarter consolidated accounting period under review. Regarding the ¥400 billion borrowed during the cumulative first quarter period of the previous year, the company plans to maintain the current borrowing level for the time being in view of the impact of shortages in the supply of components, including semiconductors, and uncertainty over when the spread of COVID-19 will subside. It will continue to work to improve the equity ratio through earnings improvement.」
The equity ratio rose to 44.9%, approaching the previous target of 45%. The company plans to maintain the ¥400 billion borrowing level for the time being in view of component supply shortages and uncertainty over when the spread of COVID-19 will subside. - FY2022-Q2AdvancedAnnual report
「The equity ratio stood at 44.1% at the end of the second quarter consolidated accounting period under review. Regarding the ¥400 billion borrowed during the cumulative first quarter period of the previous year, the company plans to maintain the current borrowing level for the time being in view of the impact of shortages in the supply of components, including semiconductors, and uncertainty over when the spread of COVID-19 will subside. It will continue to work to improve the equity ratio through earnings improvement.」
The equity ratio rose from 43.0% at the end of the previous quarter to 44.1%. In view of component supply shortages and uncertainty over when the spread of COVID-19 will subside, the company plans to maintain the ¥400 billion borrowing level for the time being and continue improving the equity ratio through earnings improvement. - FY2022-Q1AdvancedAnnual report
「The equity ratio stood at 43.0% at the end of the first quarter consolidated accounting period under review. Regarding the borrowings made during the cumulative first quarter period of the previous year, the company plans to maintain the current borrowing level for the time being amid uncertainty over when the spread of COVID-19 will subside. It will continue to work to improve the equity ratio through earnings improvement.」
The equity ratio rose from 41.8% at the end of March 2021 to 43.0%. At the same time, given the uncertainty over when the spread of COVID-19 will subside, the company plans to maintain the borrowing level for the time being and improve the equity ratio through earnings improvement. - FY2021WorsenedAnnual report
「The company had worked to improve the equity ratio toward a target of 45% through the previous consolidated fiscal year, but the ratio declined following new borrowings during the first quarter consolidated accounting period and stood at 41.8% at the end of the consolidated fiscal year under review. It will continue to address improvement in the equity ratio as an important management issue while balancing it with securing funds.」
Following borrowings to secure cash on hand, the equity ratio stood at 41.8%, below the previous target of 45%. Balancing the securing of funds with capital efficiency and improvement of the capital base remains an ongoing issue. - FY2021-Q3AdvancedAnnual report
「The company had worked to improve the equity ratio toward a target of 45% through the previous fiscal year, but the ratio declined following new borrowings during the first quarter consolidated accounting period and stood at 41.4% at the end of the third quarter consolidated accounting period under review. It will continue to address improvement in the equity ratio as an important management issue while balancing it with securing funds.」
The equity ratio rose from 41.1% at the end of the previous quarter to 41.4%, but remained below the previous target of 45%; continuing to improve it while balancing the need to secure funds remains an issue. - FY2021-Q2WorsenedAnnual report
「The company had worked to improve the equity ratio toward a target of 45% through the previous fiscal year, but the ratio declined to 41.1% as it prioritized securing funds and took out borrowings amid the spread of COVID-19. It will continue to address improvement in the equity ratio as an important management issue while balancing it with securing funds.」
As a result of prioritizing securing funds and taking out borrowings amid the spread of COVID-19, the equity ratio declined to 41.1%, below the previous target of 45%. Balancing the securing of funds with improvement in the equity ratio remains an ongoing issue. - FY2021-Q1WorsenedAnnual report
「At the end of the first quarter consolidated accounting period under review, total assets were ¥3.5947 trillion, up ¥254.9 billion from the end of the previous fiscal year. Total interest-bearing debt increased to ¥821.6 billion, up ¥417.4 billion, as the company took out ¥400 billion in new borrowings to secure sufficient cash amid uncertainty over the spread of COVID-19. Total liabilities were ¥1.8079 trillion, up ¥261.8 billion. The company had worked to improve the equity ratio toward a target of 45% through the previous fiscal year, but the ratio declined to 41.3% as it prioritized securing funds and took out borrowings amid the spread of COVID-19.」
In response to uncertainty over the spread of COVID-19, the company prioritized securing cash on hand and took out ¥400 billion in new borrowings. Interest-bearing debt increased by ¥417.4 billion from the end of the previous fiscal year, and the equity ratio declined to 41.3% versus the previous target of 45%. The filing states that additional financing will also be considered going forward. - FY2020AdvancedAnnual report
「The equity ratio recovered to 44.5%, the level before the ¥460.3 billion share repurchase conducted in September 2015, partly because payment for the disposal of treasury shares through a third-party allotment to TOYOTA MOTOR CORPORATION was completed. Although the impact of COVID-19 remains a concern, cash and deposits plus securities at the end of the consolidated fiscal year under review totaled ¥604.4 billion, equivalent to 2.1 months of monthly sales, and the company had also secured ¥300 billion in unused commitment lines.」
The equity ratio recovered to 44.5% due in part to the third-party allotment to Toyota, while the company secured ¥604.4 billion in cash on hand and ¥300 billion in unused commitment lines. - FY2020-Q3AdvancedAnnual report
「The equity ratio recovered to 45.2%, partly because payment for the disposal of treasury shares through a third-party allotment to TOYOTA MOTOR CORPORATION was completed. However, the company plans record investment of ¥270 billion in capital expenditures and ¥170 billion in research and development during the consolidated fiscal year under review. High levels of investment are expected to remain necessary, making smooth financing an important issue.」
The equity ratio recovered to 45.2%, partly because payment for the disposal of treasury shares through a third-party allotment to Toyota was completed, while the company plans record capital expenditures and research and development investment and continues to regard smooth financing as an issue. - FY2020-Q2AdvancedAnnual report
「The equity ratio recovered to 43.2%, but improving the equity ratio remains an important issue.」
The equity ratio recovered from 40.9% at the end of the previous consolidated fiscal year to 43.2%, while improvement continues to be regarded as an important issue. - FY2020-Q1AdvancedAnnual report
「The equity ratio recovered to 41.9%, but improving the equity ratio remains an important issue.」
The equity ratio recovered from 40.9% at the end of March 2019 to 41.9%. At the same time, improvement continues to be regarded as an important issue. - FY2019AdvancedAnnual report
「Since the ¥460.3 billion share repurchase conducted in September 2015, the equity ratio, which had remained below 40%, finally recovered to 40.9%. However, capital expenditures for the consolidated fiscal year under review reached a record ¥268.9 billion, and the company plans to maintain a high level of capital expenditure at ¥270 billion in the following consolidated fiscal year.」
While the equity ratio recovered to 40.9% amid continued growth investment, ensuring smooth financing and improving the equity ratio remain ongoing issues. - FY2019-Q3AdvancedAnnual report
「As a result, the equity ratio recovered to 43.0%, but improving the equity ratio remains an important issue.」
The equity ratio recovered to 43.0%, while improving the equity ratio continues to be regarded as an important issue. - FY2019-Q2AdvancedAnnual report
「As a result, the equity ratio recovered to 42.8%, but improving the equity ratio remains an important issue.」
The equity ratio recovered from 38.8% at the end of the previous consolidated fiscal year to 42.8%. At the same time, improving the equity ratio continues to be regarded as an important issue. - FY2019-Q1AdvancedAnnual report
「Against the backdrop of business expansion, the equity ratio recovered to 40.0%, but improving the equity ratio remains an important issue.」
The equity ratio recovered from 38.8% at the end of the previous consolidated fiscal year to 40.0%. At the same time, improving the equity ratio continues to be regarded as an important issue. - FY2018AdvancedAnnual report
「Against the backdrop of business expansion, the equity ratio recovered to 38.8%, but improving the equity ratio remains an important issue.」
While the equity ratio recovered from 35.9% at the end of the previous fiscal year to 38.8% amid continued growth investment, improving the capital base remains an ongoing issue. - FY2017RestatedAnnual report
「For the time being, the company will prioritize growth investment centered on India and has set a target payout ratio of at least 15%. In addition, partly because of the large share repurchase conducted in the previous fiscal year, the equity ratio had declined to 35.4% at the end of that fiscal year, making improvement in the equity ratio an urgent issue. At the same time, the company recognizes capital efficiency and shareholder returns as important management issues.」
The company continues its capital allocation policy of prioritizing growth investment centered on India while also emphasizing improvement in the equity ratio, capital efficiency and shareholder returns. - FY2017-Q1AdvancedAnnual report
「At the end of the first quarter consolidated accounting period under review, total assets were ¥2.7119 trillion, up ¥9.8 billion from the end of the previous fiscal year. Total liabilities were ¥1.5787 trillion, up ¥64.4 billion, mainly because the company issued ¥200 billion in convertible bonds to fund strategic investments to strengthen the competitiveness of the group, centered on the Gujarat project in India.」
The ¥200 billion financing through convertible bonds for growth and competitiveness-enhancement investment centered on the Gujarat project in India has taken concrete shape. - FY2016First statedAnnual report
「For the time being, the company will prioritize growth investment centered on India. At the same time, it recognizes capital efficiency and shareholder returns as important management issues and will respond while considering the balance between strengthening shareholders' equity and dividends.」
The company has presented a capital allocation policy that prioritizes growth investment while balancing capital efficiency and dividends.