Growth Investment While Maintaining Financial Soundness
First written in FY2016. 18 of 21 entries say "Advanced", first in FY2019. Latest entry: 2026-08-04.
- 2026-08-04AdvancedFinancial results presentation
「Cash outflow of ¥1.3 billion, mainly due to business investments including the acquisition of property, plant and equipment and subsidiaries」
The execution of business investments in line with the policy of investing for growth while maintaining financial soundness is shown in the cash-flow results. - FY2026AdvancedAnnual report
「Cash flows from investing activities during the fiscal year amounted to an outflow of ¥11.929 billion, due primarily to business investments including acquisitions of property, plant and equipment and subsidiaries, compared with an inflow of ¥1.363 billion in the previous fiscal year.」
While maintaining financial soundness, the company made business investments including acquisitions of property, plant and equipment and subsidiaries. - FY2026-H1AdvancedAnnual report
「Net cash used in investing activities during the current interim consolidated accounting period was ¥5,934 million, reflecting business investments including acquisitions of property, plant and equipment and subsidiaries, compared with ¥6,472 million used in the same period of the previous year.」
In line with its policy of investing for growth while maintaining financial soundness, the company made business investments, including acquisitions of property, plant and equipment and subsidiaries. - FY2025AdvancedAnnual report
「Over the three-year period of the medium-term management plan “integration 1.0,” cash inflows are expected to comprise ¥110 billion of adjusted operating cash flow and ¥10 billion raised through asset replacements. Cash outflows will be allocated as follows: approximately ¥27 billion to shareholder returns through progressive dividends, approximately ¥40 billion to DX-related initiatives centered on ICT solutions, approximately ¥20 billion to business areas in which we have strengths, including GX, and approximately ¥33 billion to the sustainable operation and development of our core businesses.」
The policy of investing for growth while maintaining financial soundness has developed into a specific three-year capital allocation plan comprising ¥110 billion of operating cash flow, ¥10 billion from asset replacements, and allocations to shareholder returns, DX, GX and core businesses. - FY2025-H1AdvancedAnnual report
「Net cash used in investing activities during the current interim consolidated accounting period was ¥6,472 million, reflecting business investments including acquisitions of property, plant and equipment and subsidiaries, compared with ¥1,818 million used in the same period of the previous year.」
In line with its policy of investing for growth while maintaining financial soundness, the company made business investments, including acquisitions of property, plant and equipment and subsidiaries. - FY2024-Q3AdvancedAnnual report
「Net cash used in investing activities during the first nine months of the current consolidated fiscal year was ¥7,617 million, as new business investments and other factors outweighed income from the sale of property, plant and equipment and other assets, compared with ¥14,157 million used in the same period of the previous year.」
In line with its policy of investing for growth while maintaining financial soundness, the company made new business investments, resulting in ¥7.617 billion of cash outflows from investing activities. - FY2024-Q2AdvancedAnnual report
「Cash flows from investing activities for the six months ended the second quarter amounted to an outflow of ¥1.818 billion, despite proceeds from the sale of property, plant and equipment and other assets, due primarily to new business investments, compared with an outflow of ¥5.535 billion in the same period of the previous year. Cash flows from financing activities for the six months ended the second quarter amounted to an outflow of ¥31.991 billion, due primarily to the repayment of short-term borrowings incurred in connection with the tender offer for Kanematsu Electronics Ltd. and payment of the purchase consideration for the shares accompanying its conversion into a wholly owned subsidiary, compared with an outflow of ¥3.292 billion in the same period of the previous year.」
The company continued its new business investments and paid the purchase consideration for the shares and repaid borrowings in connection with making Kanematsu Electronics a wholly owned subsidiary. - FY2023AdvancedAnnual report
「Cash flows from investing activities during the fiscal year amounted to an outflow of ¥16.684 billion, primarily due to business investments including subsidiary acquisitions, compared with an outflow of ¥10.547 billion in the previous fiscal year.」
The company continued its growth investments, resulting in ¥16.684 billion of cash outflows from investing activities related to subsidiary acquisitions and other investments. Meanwhile, net debt-to-equity rose to 1.15x due to borrowings associated with the tender offer. - FY2023-Q3AdvancedAnnual report
「Net cash used in investing activities during the first nine months of the current consolidated fiscal year was ¥14,157 million, reflecting business investments including acquisitions of subsidiaries, compared with ¥10,341 million used in the same period of the previous year.」
In line with its policy of investing for growth while maintaining financial soundness, the company continued to make business investments, including subsidiary acquisitions. - FY2023-Q2AdvancedAnnual report
「Net cash used in investing activities during the first six months of the current consolidated fiscal year was ¥5,535 million, reflecting business investments including acquisitions of subsidiaries, compared with ¥6,842 million used in the same period of the previous year.」
In line with its policy of investing for growth while maintaining financial soundness, the company made business investments, including a subsidiary acquisition, during the second quarter. - FY2023-Q1AdvancedAnnual report
「Net cash used in investing activities during the first quarter of the current consolidated cumulative period was ¥2,746 million, reflecting business investments including acquisitions of subsidiaries, compared with ¥4,230 million used in the same period of the previous year.」
In line with its policy of investing for growth while maintaining financial soundness, the company made business investments, including a subsidiary acquisition, during the first quarter. - FY2022AdvancedAnnual report
「Specifically, we will make growth investments funded by operating cash flow, which has averaged approximately ¥10–20 billion historically, while targeting the implementation of the 30–35% dividend payout ratio (total payout ratio) set out in the medium-term vision “future 135” for shareholder returns. For large business investments exceeding a single year's operating cash flow, we will flexibly raise funds by leveraging our additional financing capacity supported by a sound financial position, with the aim of achieving the consolidated net income target of ¥20 billion.」
The company reaffirmed its capital allocation policy combining operating cash flow, shareholder returns and additional financing capacity, and spent ¥10.547 billion on investing activities during the fiscal year through subsidiary acquisitions and additional investments in equity-method affiliates. - FY2022-Q3AdvancedAnnual report
「Net cash used in investing activities during the first nine months of the current consolidated fiscal year was ¥10,341 million, reflecting business investments including acquisitions of subsidiaries and additional investments in equity-method affiliates, compared with ¥5,017 million used in the same period of the previous year.」
The company acquired subsidiaries, made additional investments in equity-method affiliates and acquired businesses, resulting in ¥10.341 billion of cash outflows from investing activities related to growth investment. - FY2022-Q2AdvancedAnnual report
「Net cash used in investing activities during the first six months of the current consolidated fiscal year was ¥6,842 million, reflecting business investments including acquisitions of subsidiaries and additional investments in equity-method affiliates, compared with ¥3,645 million used in the same period of the previous year.」
The company has made concrete progress in its capital allocation policy of directing operating cash flow and other sources to growth investment through business investments. - FY2019AdvancedAnnual report
「Specifically, we will make growth investments funded by operating cash flow, which has averaged approximately ¥10–20 billion historically, while targeting a dividend payout ratio (total payout ratio) of 25–30% for shareholder returns. For large business investments exceeding a single year's operating cash flow, we will flexibly raise funds by leveraging our additional financing capacity supported by a sound financial position, with a target of consolidated net income of ¥25 billion.」
The policy of allocating retained earnings and operating cash flow to growth investment while maintaining financial soundness has been translated into a capital allocation framework comprising operating cash flow of approximately ¥10–20 billion, additional financing capacity and shareholder returns of 25–30%. - FY2018Added capital management based on a risk-asset multipleAnnual report
「In addition, to enable more sophisticated capital management, we have set an upper limit for the risk-asset multiple (Note 2) from the perspective of maintaining a risk buffer against the maximum estimated losses arising from deterioration in the operating environment of each business, and are verifying the adequacy of our capital base.」
The policy of investing for growth while maintaining financial soundness now includes managing an upper limit for the risk-asset multiple as a risk buffer against estimated losses. - FY2017RestatedAnnual report
「We will use retained earnings for growth investments and other purposes while maintaining a sound financial position.」
The company is reaffirming its capital allocation policy of using retained earnings for growth investment while maintaining financial soundness. - FY2016First statedAnnual report
「We will use retained earnings for growth investments and other purposes while maintaining a sound financial position.」
A capital allocation policy that balances shareholder returns with growth investment.