Investor Relations

Management Policies

The Group's management policies are set forth below.

Management Policy

The Group has established a management policy of “Addressing social challenges through cutting-edge technologies centered on semiconductors and IT, and providing solutions with value that exceeds expectations, thereby contributing to the sustainable development of society.”

Dividend Policy

Under the medium-term management plan “VISION2030,” the Group has set its mission as “To address social issues through leading-edge technology, primarily semiconductors and IT, and to contribute to the sustainable development of society by offering solutions to those issues that have value beyond expectations.” In addition, its vision is defined as “A company that solves latent social issues with the capabilities of a manufacturer and a technology trading company.”

To achieve this, the Group’s capital policy focuses on further enhancing corporate value through sustainable profit growth. As growth investments, the Group will actively invest in technology development and business expansion, as well as in internal and external digital transformation (DX) aimed at strengthening competitiveness and will also make proactive investments in human resource development. Regarding shareholder returns, the Group will implement them in line with business performance, while aiming for long-term high returns through sustainable profit growth and improved corporate value.

Basic capital policies

The Group establishes the following basic capital policies, including its dividend policy, for sustainable growth and enhancement of corporate value over the medium- to long-term.

  1. The enhancement of corporate value is defined as realization of returns exceeding shareholders’ expected rate of return (capital cost). The enhancement of ROE is positioned as one of the Group’s targets.
  2. The Group will deal with investment in growing business and demand for working capital with awareness at all times of the optimal capital structure and shareholders’ equity ratio based on the size and characteristics of the business.
  3. With respect to shareholder return, the Group will provide dividends commensurate with financial performance based on the consolidated dividend payout ratios as indicators. The Group will decide on the acquisition of treasury stock as part of the shareholder return policy, including dividends, taking into consideration cash flow conditions, market liquidity of shares, future capital funding needs, and other factors, while prioritizing growth investment.

Target values

(ROE)
  The Group aims to provide ROE, which indicates capital efficiency, of 20% or higher in the medium term.
(Dividend Payout Ratio)
  The Group aims to provide a consolidated dividend payout ratio of 40% as the standard for the time being, taking into consideration future demand for capital investment and R&D as well as trends in working capital.