Capital Policy Focused on Enhancing Shareholder Value Over Time
First written in FY2016. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
42 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The cost of equity for our banking group is calculated using the CAPM formula and is recognized as approximately 7%. ROE is below this level, and we recognize that it is essential to pursue initiatives to achieve ROE above the cost of equity.」
Updated the recognized cost of equity from approximately 6% to approximately 7%, and explained that the current fiscal year's ROE of 6.36% was below this level. - 2026-05-12AdvancedDividends
「また、堅調な業績推移を背景に資本の充実も進んでいる中では、資本効率の向上および株主の皆さまへの利益還元の一層の充実を図ることが重要であると認識しております。」
資本の充実を踏まえ、資本効率の向上と株主還元の一層の充実を重視する考えを具体的に示した。 - FY2024AdvancedAnnual report
「The cost of equity for our banking group is calculated using the CAPM formula and is recognized as approximately 6.0%. However, ROE is below this level, and we recognize that it is essential to pursue initiatives to achieve ROE above the cost of equity.」
Recognized the cost of equity as approximately 6% and explicitly identified achieving ROE above that level as a capital policy challenge. - FY2016First statedAnnual report
「Our basic policy is to pay dividends after comprehensively considering business performance, the financial environment and other factors, including the aim of enhancing shareholder value over the medium to long term.」
Explicitly identifies the enhancement of shareholder value over the medium to long term as a factor in determining dividends.