Generating Cash and Streamlining the Balance Sheet
First written in FY2022-Q1. 6 of 9 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-08-25.
2 other companies' latest entry also says "Advanced".
- 2026-08-25Advancedwww.nikkei.com
「In early August, the company announced an upward revision to its earnings forecast along with expanded share buybacks and real estate sales, prompting buying on expectations of increased shareholder returns.」
It was reported that the company announced an expansion of its real estate sales alongside an upward revision to its earnings forecast. - FY2026-H1AdvancedAnnual report
「On 5 December 2025, we executed a share transfer agreement with Japan Theme Park Development Co., Ltd. for the transfer of all shares in NX Real Estate, a consolidated subsidiary.」
The Group executed an agreement to transfer all shares in NX Real Estate and classified the related assets as held for sale. The share transfer is scheduled for November 2026. - 2026-03-03AdvancedGeneral Meetings of Shareholders
「As part of our review of the asset-holding strategy, we have been pursuing sales or sale-and-leaseback transactions for low-profit operating assets and investment property whose returns are below the 5% ROIC set as the hurdle rate against the market value of the assets.」
Identifies ROIC of 5% as the selection criterion for low-profit assets and states that sales and other measures are being pursued. - FY2025-H1AdvancedAnnual report
「The principal assets held for sale during the current interim consolidated accounting period relate to land in the logistics business for which a decision to sell was made.」
The Group decided to sell logistics-business land and classified it as held for sale as part of its balance-sheet management and asset disposals. - FY2024RestatedAnnual report
「With the elimination of a PBR below 1x and the improvement of ROE above the cost of shareholders’ equity to secure a positive equity spread as immediate issues, we will advance the growth strategies incorporated in the management plan while strengthening balance-sheet management in unprecedented ways, including by selling low-profit real estate, and reviewing our capital policy.」
The cash generation and balance-sheet streamlining theme has expanded to include balance-sheet management involving sales of low-profit real estate, a review of capital policy and improvements in PBR and ROE. - FY2022-Q1AchievedAnnual report
「The Group is generating cash and streamlining its balance sheet to realize the “discontinuous growth strategy” set out in the NX Group Business Plan 2023—Discontinuous Growth “Dynamic Growth,” and decided on this transfer as part of those efforts.」
The former head office land and buildings were transferred for ¥73.2 billion, with delivery completed on 15 April 2022.