Enhancing Corporate Value Through Management Focused on the Cost of Capital and Share Price
First written in FY2024. 6 of 8 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In accordance with the measures announced in November 2023 to achieve management that is conscious of the cost of capital and share price, our group is pursuing the priority growth strategies set out in the medium-term management plan, increasing investment, actively expanding IR activities and strengthening shareholder returns. In fiscal 2025, in addition to further enhancing shareholder returns, we changed our dividend policy to a DOE of 3% or more to provide more stable dividends.」
As measures under management that is conscious of the cost of capital and share price, the company continued its priority growth strategies, investment, IR activities and shareholder returns, and in fiscal 2025 specifically changed its dividend policy to a DOE of 3% or more. - FY2026-H1AdvancedAnnual report
「We entered into this agreement to secure funds for investment in order to steadily execute the investment plan set out in the medium-term management plan, while improving capital efficiency and reducing the cost of capital. Borrowing execution date 31 October 2025 Borrowing amount ¥5,000 million」
To secure funds for investment under the medium-term management plan, improve capital efficiency and reduce the cost of capital, the company entered into and drew down a ¥5,000 million borrowing agreement on 31 October 2025. - FY2025AdvancedAnnual report
「The main source of funds was ¥10,000 million in proceeds from long-term borrowings. The main uses of funds were ¥1,889 million for repayment of long-term borrowings, including amounts due within 1 year, ¥335 million for repayment of lease liabilities, ¥2,961 million for the acquisition of treasury shares and ¥1,794 million in dividend payments.」
The company drew down ¥10,000 million in long-term borrowings to secure funds for investment under the medium-term management plan, and carried out a ¥2,961 million share buyback and paid ¥1,794 million in dividends. The policy of combining investment, capital efficiency and shareholder returns is progressing into specific capital allocation measures. - FY2025-H1AdvancedAnnual report
「We entered into this agreement to secure funds for investment in order to steadily execute the investment plan set out in the medium-term management plan, while improving capital efficiency and reducing the cost of capital. Borrowing execution date: 31 October 2024; borrowing amount: ¥10,000 million; borrowing period: 31 October 2024 to 31 October 2031; interest rate: approximately 1%」
To secure funds for investment under the medium-term management plan, improve capital efficiency and reduce the cost of capital, the company entered into and drew down a 7-year borrowing agreement for ¥10,000 million on 31 October 2024. - FY2024First statedAnnual report
「In accordance with the measures announced in November 2023 to achieve management that is conscious of the cost of capital and share price, our group is pursuing the priority growth strategies set out in the medium-term management plan, increasing investment, expanding IR activities and strengthening shareholder returns. In fiscal 2023, share prices and the PBR followed an upward trend as a result of these initiatives. We will continue these initiatives and aim to enhance corporate value.」
Based on the policy announced in November 2023, the company has for the first time described as a standalone management policy measures aimed at enhancing corporate value by combining priority growth strategies, investment, IR activities and shareholder returns.