Using Retained Earnings to Strengthen the Financial Position and Invest in New Brands and Information Systems
First written in FY2016. 1 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2024.
- FY2024SoftenedAnnual report
「In accordance with the medium-term management plan and the “PBR Improvement Plan” announced on 6 October 2023, the company will strengthen growth investment, employee returns and shareholder returns to establish a strong financial base. It has set achieving ROE (return on equity) above the cost of shareholders’ equity as a medium- to long-term target through the accumulation of capital from earnings growth and the gradual enhancement of dividend levels, and plans to pay dividends with ROE of 7.5% and DOE of 4% for the fiscal year ending February 2025.」
The company has reorganised its capital allocation around growth investment, employee returns and shareholder returns under the PBR Improvement Plan. While the ROE target for the fiscal year ending February 2025 is now 7.5%, compared with the previously stated target of 8.5%, it has newly planned a DOE of 4%. - FY2022RaisedAnnual report
「The company aims to accumulate ¥4 billion to ¥5 billion in capital over the 3 years of its medium-term management plan through earnings growth, while also advancing capital circulation, with the targets of shareholders’ equity exceeding ¥40 billion and an ROE (return on equity) of 8.5% for the fiscal year ending February 2025.」
The company has translated its policy of retaining earnings and strengthening its financial position into quantitative targets of accumulating ¥4 billion to ¥5 billion in capital over 3 years and achieving shareholders’ equity of more than ¥40 billion and ROE of 8.5% for the fiscal year ending February 2025. - FY2018AdvancedAnnual report
「In addition to approximately ¥18 billion in cash and deposits held, including ¥9 billion in long-term borrowings under a syndicated loan, the company has secured a ¥10 billion commitment line with financial institutions, providing funding for medium-term growth investments.」
In addition to its existing policy of investing retained earnings to expand corporate value, the company specifically identifies approximately ¥18 billion in cash and deposits, ¥9 billion in long-term borrowings and a ¥10 billion commitment line as funding for growth investments. - FY2016First statedAnnual report
「The company plans to actively allocate retained earnings to strengthening its financial position and expanding corporate value, including through the development of new brands and the enhancement of information systems.」
The company has outlined a capital allocation policy of investing retained earnings in strengthening its financial position, developing new brands, enhancing information systems and expanding corporate value.