Response to Achieve Management Conscious of the Cost of Capital and Share Price
First written in FY2024. 4 of 5 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
31 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company worked to improve capital efficiency by repurchasing treasury shares, reducing cross-shareholdings and taking other measures. It also transferred the entire ¥7.2 billion in special reserve funds, which was reversed in May 2025, to retained earnings, thereby securing flexibility in its capital policy to respond to future changes in the business environment.」
In addition to repurchasing treasury shares and reducing cross-shareholdings, the company transferred ¥7.2 billion in special reserve funds to retained earnings and moved forward with securing flexibility in its capital policy. - 2026-05-27AdvancedGeneral Meetings of Shareholders
「As part of its efforts to further enhance shareholder returns, the Company has set a minimum annual dividend of ¥30 per share for the 5 fiscal years covered by the Seventh Medium-Term Management Plan, from the fiscal year ending March 2026 through the fiscal year ending March 2030. By further improving its earnings structure and making opportunistic share repurchases, the Company will work to enhance corporate value by improving capital efficiency.」
The Company reiterated its policy of improving capital efficiency through a combination of a minimum dividend, share repurchases and improvements to its earnings structure, and also described the measures implemented during the fiscal year. - FY2025AdvancedAnnual report
「As part of its initiatives under "Measures to achieve management focused on the cost of capital and share price," the company worked to improve capital efficiency by setting a minimum dividend during the period of the Seventh Medium-Term Management Plan, repurchasing treasury shares and reducing cross-shareholdings.」
As specific measures focused on the cost of capital and share price, the company implemented a minimum dividend during the period of the Seventh Medium-Term Management Plan, repurchased treasury shares and reduced cross-shareholdings. - FY2025-H1AdvancedAnnual report
「To achieve comprehensive shareholder returns and improve capital efficiency. ② Number of shares to be acquired: 2,000,000 shares (maximum) ③ Total acquisition price: ¥1,100 million (maximum) ④ Repurchase period: 31 October 2024 to 24 March 2025」
In a new resolution on the repurchase of treasury shares, the company explicitly stated "comprehensive shareholder returns and improved capital efficiency" as the reason. The company's efforts focused on capital efficiency were disclosed as specific measures involving a number of shares, amount and period. - FY2024First statedAnnual report
「The company disclosed and promoted initiatives under "Measures to achieve management focused on the cost of capital and share price" and worked to embed them throughout the organisation.」
The company disclosed and promoted measures focused on the cost of capital and share price and, for the first time, separately identified efforts to embed them throughout the organisation as an independent outcome.