Financial Policy Focused on Balancing Growth Investment, Retained Earnings and Shareholder Returns
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: 2026-06-05.
- 2026-06-05ReframedEarnings presentation
「Measures for management that is conscious of the cost of capital and share price Improving and further enhancing performance (1) Improving profitability in the Apparel and Miscellaneous Goods business and increasing profitability in the Specialty Mail-Order business (2) Further improving profitability in the Property and Hotel business Management conscious of capital efficiency (1) Management with an awareness of ROE of 10% or more (2) Withdrawal from or reduction of businesses where profitability cannot be expected (Actual results: 2 divisions in the fiscal year ending March 2025, 2 divisions in the fiscal year ending March 2026; planned: 1 division in the fiscal year ending March 2027) (3) M&A of companies with synergies and promising future prospects」
The explanation of financial policy now covers measures balancing growth investment and shareholder returns, including consideration of the cost of capital and share price, ROE, and withdrawal from or reduction of businesses where profitability cannot be expected. - FY2025RestatedAnnual report
「To achieve further growth, the group is investing in facilities and real estate development and acquisitions. At the same time, it strives to pursue the optimal capital structure for the group in terms of financial soundness and capital efficiency, while maintaining a balance between building retained earnings for future growth and returning profits to shareholders.」
The company continues its financial policy of balancing investment in facilities and real estate, financial soundness, capital efficiency, retained earnings and shareholder returns. - FY2024RestatedAnnual report
「To achieve further growth, the group is investing in facilities and real estate development and acquisitions. At the same time, it strives to pursue the optimal capital structure for the group in terms of financial soundness and capital efficiency, while maintaining a balance between building retained earnings for future growth and returning profits to shareholders.」
The company continues its financial policy of balancing financial soundness, capital efficiency, retained earnings and shareholder returns while advancing investment in facilities and real estate. - FY2019RestatedAnnual report
「To achieve further growth, the group is investing in facilities and real estate development and acquisitions centered on its 4 core businesses. At the same time, it strives to pursue the optimal capital structure for the group in terms of financial soundness and capital efficiency, while maintaining a balance between building retained earnings for future growth and returning profits to shareholders.」
The company continues its financial policy of balancing financial soundness, capital efficiency, retained earnings and shareholder returns while advancing investment in facilities and real estate across its 4 core businesses. - FY2018First statedAnnual report
「We strive to pursue the optimal capital structure for our group, taking into account financial soundness and capital efficiency, while maintaining a balance between strengthening retained earnings for future growth and returning profits to shareholders.」
The company states a financial policy aimed at balancing investment in facilities and real estate with financial soundness, capital efficiency, retained earnings and shareholder returns.