Balancing Shareholder Returns with Financial Strength and Retained Earnings
First written in FY2016. 10 of 21 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Total liabilities decreased by ¥1,063 million from the end of the previous consolidated fiscal year to ¥21,872 million. This was mainly due to increases of ¥381 million in notes and accounts payable, ¥222 million in accrued income taxes, ¥180 million in accounts payable included in other current liabilities, ¥134 million in electronically recorded obligations-operating and ¥265 million in deferred tax liabilities, partly offset by decreases of ¥557 million in short-term borrowings, ¥1,639 million in long-term borrowings and ¥118 million in liabilities related to retirement benefits.」
The reduction in interest-bearing debt is shown numerically by decreases of ¥557 million in short-term borrowings and ¥1,639 million in long-term borrowings. - FY2026-H1Increase in Short-Term Borrowings and Continued Repayment of Long-Term BorrowingsAnnual report
「Cash provided by financing activities was ¥719 million, compared with ¥2,324 million provided in the same period of the previous year. The main factors were a net increase of ¥2,500 million in short-term borrowings to fund the procurement of merchandise and products, raw materials, and supplies for the New Year's card printing business, ¥320 million in proceeds from long-term borrowings based on a funding plan taking into account working capital and capital investments, ¥1,931 million in expenditures for the repayment of long-term borrowings, including repayments funded by cash generated through the normal operating cycle, and ¥168 million in dividend payments, among other items.」
Short-term borrowings increased by ¥2,500 million on a net basis to fund procurement for the New Year's card printing business, while ¥1,931 million of long-term borrowings was repaid. The policy of reducing interest-bearing debt and paying stable, ongoing dividends is also reiterated. - FY2025AdvancedAnnual report
「The main factors were ¥3,090 million in proceeds from long-term borrowings based on a funding plan taking into account working capital and capital investments, ¥4,641 million in expenditures for the repayment of long-term borrowings, including repayments funded by cash generated through the normal operating cycle, and ¥170 million in dividend payments, among other items.」
¥4,641 million of long-term borrowings was repaid, while short-term borrowings decreased by ¥753 million and long-term borrowings by ¥798 million, demonstrating numerically both the reduction in interest-bearing debt and the payment of dividends. - FY2025-H1Increase in Short-Term Borrowings and Continued Repayment of Long-Term BorrowingsAnnual report
「The main factors were a net increase of ¥3,000 million in short-term borrowings to fund the procurement of merchandise and products, raw materials, and supplies for the New Year's card printing business, ¥1,820 million in proceeds from long-term borrowings based on a funding plan taking into account working capital and capital investments, ¥2,321 million in expenditures for the repayment of long-term borrowings, including repayments funded by cash generated through the normal operating cycle, and ¥169 million in dividend payments, among other items.」
Short-term borrowings increased on a net basis to fund procurement for the New Year's card printing business, while ¥2,321 million of long-term borrowings was repaid. The policy of reducing interest-bearing debt and paying stable, ongoing dividends is also stated. - FY2024AdvancedAnnual report
「This was due mainly to expenditures of ¥4,907 million for the repayment of long-term borrowings, including repayments funded by cash generated through the normal operating cycle, and ¥747 million for the acquisition of property, plant and equipment in connection with the replacement of cargo-handling machinery and other fixed assets, partly offset by ¥3,235 million in proceeds from long-term borrowings based on a funding plan taking into account working capital and capital investments, among other items.」
¥4,907 million of long-term borrowings was repaid, leaving an ending balance of ¥7,486 million. Short-term borrowings also decreased by ¥383 million, demonstrating the reduction in interest-bearing debt in numerical terms. - FY2024-Q3Short-term borrowings continue to increase, while long-term borrowings continue to declineAnnual report
「Total liabilities increased by ¥6,578 million from the end of the previous consolidated fiscal year to ¥32,823 million. This was mainly due to increases of ¥1,310 million in notes and accounts payable, ¥4,875 million in short-term borrowings, ¥535 million in accounts payable included in other current liabilities, ¥106 million in accrued consumption taxes and other items, ¥138 million in accrued expenses, ¥561 million in advances received and ¥104 million in deposits received, primarily reflecting seasonal fluctuations associated with the concentration of orders in the New Year's card printing business, partly offset by decreases of ¥284 million in the provision for bonuses and ¥905 million in long-term borrowings.」
Short-term borrowings increased by ¥4,875 million due to the seasonal concentration of orders in the New Year's card printing business, while long-term borrowings decreased by ¥905 million. - FY2024-Q2Increase in Short-Term Borrowings and Continued Repayment of Long-Term BorrowingsAnnual report
「Cash provided by financing activities was ¥3,056 million, compared with ¥2,385 million provided in the same quarter of the previous year. The main factors were a net increase of ¥4,004 million in short-term borrowings to fund the procurement of merchandise and products, raw materials, and supplies for the New Year's card printing business, ¥1,705 million in proceeds from long-term borrowings based on a funding plan taking into account working capital and capital investments, ¥2,473 million in expenditures for the repayment of long-term borrowings, including repayments funded by cash generated through the normal operating cycle, and ¥170 million in dividend payments, among other items.」
Short-term borrowings increased on a net basis to fund procurement for the New Year's card printing business, while ¥2,473 million of long-term borrowings was repaid. - FY2024-Q1AdvancedAnnual report
「Total liabilities decreased by ¥542 million from the end of the previous consolidated fiscal year to ¥25,702 million. This was mainly due to increases of ¥122 million in accrued consumption taxes and other items included in other current liabilities and ¥586 million in accrued expenses, primarily from transfers following the finalization of bonuses, partly offset by decreases of ¥199 million in notes and accounts payable, ¥268 million in the provision for bonuses, ¥365 million in accounts payable included in other current liabilities and ¥297 million in long-term borrowings.」
In connection with the policy of reducing interest-bearing debt, long-term borrowings decreased by ¥297 million from the end of the previous consolidated fiscal year. - FY2023AdvancedAnnual report
「This was due mainly to ¥5,332 million in expenditures for the repayment of long-term borrowings, including repayments funded by cash generated through the normal operating cycle.」
In line with the policy of reducing interest-bearing debt, ¥5,332 million of long-term borrowings was repaid, reducing the balance of long-term borrowings by ¥1,239 million from the end of the previous year. - FY2023-Q3Increase in Short-Term Borrowings and Decrease in Long-Term BorrowingsAnnual report
「Total liabilities increased by ¥7,444 million from the end of the previous consolidated fiscal year to ¥35,945 million. This was mainly due to increases of ¥1,156 million in notes and accounts payable, ¥5,940 million in short-term borrowings for the New Year’s card printing business, ¥648 million in accounts payable included in other current liabilities, ¥134 million in non-operating electronic-recorded obligations, ¥176 million in accrued expenses and ¥609 million in advances received, reflecting seasonal fluctuations caused by the concentration of orders in the New Year’s card printing business. These increases were partly offset by decreases of ¥309 million in income taxes payable, ¥274 million in provision for bonuses and ¥622 million in long-term borrowings.」
In connection with the policy of reducing interest-bearing debt, long-term borrowings decreased by ¥622 million, while short-term borrowings increased by ¥5,940 million due to the seasonal concentration of orders in the New Year’s card printing business. - FY2023-Q2AdvancedAnnual report
「This was mainly due to expenditure of ¥2,696 million on the repayment of long-term borrowings, funded in part by cash generated in the ordinary operating cycle.」
The policy of reducing interest-bearing debt is reiterated, and ¥2,696 million of long-term borrowings was repaid in the six months ended the second quarter. Meanwhile, short-term borrowings increased on a net basis to fund the procurement of raw materials and other items for the New Year’s card printing business. - FY2022AdvancedAnnual report
「Despite the impact of the spread of COVID-19, expenditure of ¥5,759 million on the repayment of long-term borrowings, funded in part by cash generated in the ordinary operating cycle」
In line with the policy of reducing interest-bearing debt, long-term borrowings were repaid, leaving a balance of ¥15,283 million. The policy of stable and continuous dividends is also reiterated. - FY2022-Q2RestatedAnnual report
「Our basic policy is to reduce interest-bearing debt and pay stable and continuous dividends while strengthening our financial position.」
The capital allocation policy of balancing the reduction of interest-bearing debt with stable and continuous dividends is reiterated. - FY2020RestatedAnnual report
「Our basic policy is to reduce interest-bearing debt and pay stable and continuous dividends while strengthening our financial position.」
The policy of balancing the reduction of interest-bearing debt with stable and continuous dividends is reiterated. - FY2019RestatedAnnual report
「Our basic policy is to pay stable and continuous dividends, taking into account the strengthening of our business foundation and financial position, while regarding the distribution of profits to shareholders as one of our important management issues.」
The policy of stable and continuous dividends based on strengthening the business foundation and financial position is reiterated. - FY2018ReframedAnnual report
「Our basic policy is to pay stable and continuous dividends, taking into account the strengthening of our business foundation and financial position, while regarding the distribution of profits to shareholders as one of our important management issues.」
The wording of the policy has been revised from securing retained earnings and comprehensively considering operating results and the business environment to stable and continuous dividends based on the business foundation and financial position. - FY2017RestatedAnnual report
「Our basic policy is to pay dividends after comprehensively considering operating results and the business environment, while regarding the return of profits to shareholders as an important management issue and working to strengthen our financial position and secure retained earnings.」
The policy of balancing shareholder returns with strengthening the financial position and securing retained earnings is reiterated. - FY2016First statedAnnual report
「Our basic policy is to pay dividends after comprehensively considering operating results and the business environment, while regarding the return of profits to shareholders as an important management issue and working to strengthen our financial position and secure retained earnings.」
The dividend policy prioritises shareholder returns while also taking financial strength, retained earnings, operating results and the business environment into account.