Investor Engagement and Capital Allocation Taking Capital Costs into Account
First written in FY2021. 1 of 4 entries say "Advanced", first in 2026-05-12. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「“2. A resilient management foundation that responds to change (① Enhancing the value of human capital ② Maximizing capital efficiency ③ Strengthening governance and risk management ④ Strengthening innovation and competitiveness through DX)”」
The policy on investor dialogue and capital allocation based on the cost of capital has been organized under MT 2027 around maximizing capital efficiency and optimizing the business portfolio. - 2026-05-12AdvancedTreasury Stock
「Based on the Company’s cash allocation policy for realizing management that is conscious of the cost of capital and share price, the Company decided to acquire treasury shares after taking its financial position into consideration, with the aim of optimizing its capital structure and enhancing shareholder returns.」
The acquisition of treasury shares is positioned as a specific measure under the Company’s approach to management that is conscious of the cost of capital and share price, and its cash allocation policy. - FY2024Business portfolio strategy disclosedAnnual report
「Formulate and implement a business portfolio strategy with a focus on capital efficiency.」
In connection with its policy on investor dialogue and capital allocation based on the cost of capital, the company disclosed a business portfolio strategy focused on capital efficiency as a measure to address its materiality areas. - FY2021First statedAnnual report
「The company will continue working to ascertain the appropriate cost of capital through dialogue with investors and others, and apply it to business investment and shareholder returns.」
The company has for the first time explicitly stated its policy of ascertaining the cost of capital through dialogue with investors and reflecting it in business investment and shareholder returns.