Formulation and disclosure in 2023 of a management plan focused on cost of capital and share price
First written in FY2023. 2 of 6 entries say "Advanced", first in FY2025. Latest entry: FY2026.
4 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「We will address management issues ① and ② above to secure operating profit, establish EBITDA, ROE and the current ratio as target indicators, implement stable dividends with a target payout ratio of 30% or more, and pursue management focused on enhancing corporate value... Medium-term management plan Targets 200% or more ¥1,000 million 5–10% 30% or more FY2025 (117th fiscal period) 244.1% ¥1,435 million 8.9% 30.9%」
The target dividend payout ratio was raised from 20% or more to 30% or more. The Company disclosed a current ratio of 244.1%, EBITDA of ¥1,435 million, ROE of 8.9% and a dividend payout ratio of 30.9% as the medium-term management plan targets and current-period results. - 2026-05-29RaisedGeneral Meetings of Shareholders
「中 期 経 営 計 画 目 標 200％以上 1,000百万円 5〜10％ 30％以上」
従来開示されていた配当性向20％以上の目標から、今回の中期経営計画の目標を30％以上へ引き上げている。 - FY2026-H1AdvancedAnnual report
「By implementing these company-wide and business strategies, the Company aims to maintain ROE of 5–10% and EBITDA of approximately ¥1 billion, maintain a current ratio of 200% or more, and continue making investments. It also regards the return of profits to shareholders as an important management measure and aims for a dividend payout ratio of 20% or more while achieving the profit and financial targets above.」
Although the Company had previously indicated a direction of using ROE, EBITDA, the current ratio and the dividend payout ratio as indicators, during the interim period it explicitly disclosed specific target levels of ROE of 5–10%, EBITDA of approximately ¥1 billion, a current ratio of 200% or more and a dividend payout ratio of 20% or more. - FY2025AdvancedAnnual report
「We will address management issues ① and ② above to secure operating profit, establish EBITDA, ROE and the current ratio as target indicators, implement stable dividends with a target payout ratio of 20% or more, and pursue management focused on enhancing corporate value.」
For management focused on cost of capital and share price, the Company explicitly sets out for the first time a plan using EBITDA, ROE and the current ratio as target indicators and a dividend payout ratio of 20% or more as the target. - FY2024SoftenedAnnual report
「Our group is currently formulating a medium-term plan based on the profitability of each segment and medium- to long-term vessel investments. Through this plan, we aim to stabilize our earnings and financial base by addressing management issues ① and ② above using ROE, EBITDA and other indicators, and ultimately to enhance shareholder returns through dividends, increase corporate value and manage the business with an awareness of the share price.」
Against the previous year’s goal of disclosure during 2023, this filing states that the plan is being formulated and indicates a direction of using ROE, EBITDA and other indicators, but does not state that the plan has been disclosed. - FY2023First statedAnnual report
「Our group is currently formulating a “management plan focused on cost of capital and share price,” with emphasis on capital efficiency and growth. We plan to reanalyze ROE, PBR and shareholders’ equity cost, incorporate management issues in the ocean-going and domestic shipping businesses together with ongoing financial and investment strategies, and formulate an action plan. We aim to disclose it during 2023.」
For the first time, the Company explicitly states its goal of formulating and disclosing during 2023 a plan incorporating business, financial and investment strategies based on analyses of ROE, PBR and shareholders’ equity cost.