Ensuring adequate capital levels and improving capital efficiency through disciplined capital allocation
First written in FY2017-Q1. 4 of 11 entries say "Restated". Latest entry: FY2026.
- FY2026RaisedAnnual report
「Dividends from Group companies based on Group adjusted profit for the fiscal year ending March 2026 are expected to provide approximately ¥550.0 billion, exceeding the previous fiscal year.」
Expected dividends from Group companies that fund capital circulation management increased from approximately ¥340.0 billion in the previous fiscal year to approximately ¥550.0 billion. - FY2025RaisedAnnual report
「Dividends from Group companies based on Group adjusted profit for the fiscal year ending March 2025 are expected to provide approximately ¥340.0 billion, exceeding the previous fiscal year.」
The expected dividends and other payments from Group companies that fund capital circulation management increased from approximately ¥300.0 billion in the previous fiscal year to approximately ¥340.0 billion. - FY2024AdvancedAnnual report
「With respect to cash flow based on actual results for the fiscal year ended March 2024, we used cash generated through dividends and other payments from Group companies for strategic investment and shareholder returns, achieving capital allocation that balances strategic investment for growth with enhanced shareholder returns. Dividends and other payments from Group companies based on Group adjusted profit for the fiscal year ended March 2024 are expected to provide approximately ¥300.0 billion, exceeding the previous fiscal year.」
Capital circulation management took concrete form in the combination of strategic investment and shareholder returns funded by approximately ¥300.0 billion in dividends and other payments from Group companies. - FY2023-Q2AdvancedAnnual report
「To reduce the cost of capital, we are focusing on lowering the sensitivity of our share price to the market by transforming our risk profile, including reducing market risk. To improve capital efficiency, meanwhile, we are pursuing “exploitation” through greater efficiency in existing businesses and the development of new businesses, as well as “exploration” to acquire new organizational capabilities such as digital technologies, thereby promoting “ambidextrous management.”」
Capital circulation management was presented as a concrete capital allocation policy combining the reduction of market risk with investment in new businesses and organizational capabilities, and positioned as the rationale for the acquisition of Partners Life. - FY2022ReframedAnnual report
「We will practice “capital circulation management,” an evolution of the previous ERM cycle of earnings, capital and risk, with the aim of achieving sustainable growth.」
The disciplined capital allocation policy was reorganized as “capital circulation management,” under which capital released through risk reduction and capital generated by the businesses are reallocated to growth investment and shareholder returns. - FY2021-Q3AdvancedAnnual report
「After achieving a certain level of success through our investment in Janus Henderson, we reviewed capital allocation across the Group in light of our business strategy and other matters under the new Group medium-term management plan starting next fiscal year. Following discussions with Janus Henderson, we reached an agreement to terminate the capital relationship.」
The Company reviewed capital allocation in anticipation of the new medium-term management plan and decided to terminate its capital relationship with Janus Henderson Group plc. - FY2019RestatedAnnual report
「Our basic policy is to enhance corporate value while considering the balance between maintaining financial soundness to prepare for future changes in the business environment, securing retained earnings necessary for growth investment, and providing appropriate returns to shareholders with an awareness of the cost of capital.」
The capital allocation policy emphasizing a balance among financial soundness, growth investment and shareholder returns was reaffirmed in the full-year dividend policy. - FY2017RestatedAnnual report
「To meet stakeholder expectations, we will work to improve the profitability of individual businesses and build an optimal business portfolio, with the aim of improving capital efficiency and corporate value.」
Disciplined capital allocation continues to be linked to improving the profitability of individual businesses, the business portfolio, capital efficiency and corporate value. - FY2017-Q3RestatedAnnual report
「②Securing capital levels and improving capital efficiency through disciplined capital allocation (Discipline)」
Disciplined capital allocation, securing capital levels and improving capital efficiency have been reiterated as basic strategies of D-Ambitious. - FY2017-Q2RestatedAnnual report
「②Securing capital levels and improving capital efficiency through disciplined capital allocation (Discipline)」
The combination of disciplined capital allocation, capital levels and capital efficiency was reiterated as a basic strategy of D-Ambitious. - FY2017-Q1First statedAnnual report
「②Securing capital levels and improving capital efficiency through disciplined capital allocation (Discipline)」
As one of the 4 basic strategies of D-Ambitious, capital allocation, capital levels and capital efficiency were presented as interconnected elements.