Enhancing Financial Strategy
First written in FY2019. 4 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
- FY2026Assessing performance and ROE in the first year of the eighth planAnnual report
「Operating revenue was ¥470 million, or 1.7%, below the plan, while operating profit was ¥198 million, or 8.8%, below the plan. The operating margin was 7.3%, 0.6 percentage points below the planned 7.9%. Ordinary profit was ¥54 million, or 2.2%, below the plan. ROE was 4.4%.」
In the first year of the 8th Medium-Term Management Plan, operating revenue, operating profit and ordinary profit fell short of plan, while ROE was 4.4%. The company continues to target ROE of 5%, above its cost of capital. - FY2026-H1AdvancedAnnual report
「In the 8th Medium-Term Management Plan, "NEXT CS-100," announced on 17 March 2025, our group set out its intention to implement optimal cash allocation that balances growth investment with improvements in capital efficiency. We believe that the ability to improve capital efficiency and pursue a flexible capital policy in response to future changes in the business environment is essential to sustainably enhancing corporate value, and are therefore repurchasing shares.」
Based on the capital-efficiency and cash-allocation policy in the 8th Medium-Term Management Plan, the company carried out a share repurchase as a capital-policy measure. The acquisition limit was 890,000 shares, with a total value of ¥1,000,000,000, during the period from 11 November 2025 to 31 October 2026. - FY2025WorsenedAnnual report
「We recognize that ROE has remained near the range of our cost of capital, that our PBR has remained below 1x, and that we have not been able to fully meet the expectations of our investors. To address this, we will continue considering and implementing measures that contribute to enhancing corporate value by sustainably expanding our earning power while responding nimbly to changes in an increasingly complex social environment, so that we can meet the expectations of our stakeholders. We will continue working toward an ROE level above our cost-of-capital range, specifically 5% or more, while implementing optimal cash allocation, strengthening our capital policy and expanding our IR activities.」
The company recognizes that ROE has remained near the range of its cost of capital and that PBR has remained below 1x, and has outlined measures involving ROE of 5% or more, cash allocation, capital policy and IR activities. - FY2024RaisedAnnual report
「We will continue to target an ROE level above the range of the cost of capital, namely 5% or more, while working to improve PBR by enhancing earning power, strengthening our financial strategy and capital policy, and expanding IR activities. Going forward, we will also consider shareholder returns targeting a payout ratio of 40% and the acquisition of treasury shares.」
The company specified a target of ROE of 5% or more and a dividend payout ratio of 40% to improve capital efficiency, along with measures to enhance earning power, capital policy, IR and share repurchases. - FY2022RaisedAnnual report
「Ⅵ A company that balances proactive investment with a strong financial position and continues sound management」
Advancing the financial strategy was given concrete form in a policy explicitly balancing proactive investment with a strong financial position. - FY2021RestatedAnnual report
「We worked to ensure financial soundness.」
Ensuring financial soundness is stated as an ongoing financial strategy policy. - FY2020RestatedAnnual report
「●Advancing the financial strategy」
This was reiterated as a concrete initiative under the sixth medium-term management plan. - FY2020-Q2RestatedAnnual report
「●Advancing the financial strategy」
This was reiterated as a concrete initiative under the sixth medium-term management plan. - FY2019First statedAnnual report
「●Advancing the financial strategy」
Advancing the financial strategy was identified as a concrete initiative under the sixth medium-term management plan.