Action to Implement Management that is
Cost of Capital-Conscious and Stock Price
Current Situation
Our company’s ROIC has significantly exceeded the WACC we have assumed, and ROE has also maintained a high level. However, we recognize that our PBR has been in a long-term decline due to reduced growth expectations. We anticipate that WACC will rise due to increasing interest rates and the accumulation of net assets, but we will aim to improve ROIC even further to continue practicing highly efficient management.
ROIC and WACC Changes
PBR and ROE
Policy Initiatives
Enhancing Corporate Value
In the coming years, we aim to transform from a Wi-Fi solutions provider to an On-Premise Infrastructure Integrator. Through this evolution, we are working toward achieving the medium-term targets for FY2027: ordinary income of 4.3 billion yen, with the goal of enhancing corporate value. We will drive revenue growth by strengthening individual sales capabilities and increasing the number of partners, while also enhancing corporate value through system investments and human capital management.
Enhancing Investor Relations (IR)
We will continue to enhance communication with the market to raise corporate awareness. Our key initiatives include the following:
- Holding regular earnings briefings
- Conducting 1-on-1 meetings with institutional investors
- Expanding the availability of English disclosure materials for overseas institutional investors
- Distributing IR newsletters and earnings explanation videos for individual investors, and implementing Web-based IR
- Disclosing information on our sustainability initiatives
Shareholder Return Policy
While aiming to expand our business performance through growth investments, we also recognize shareholder returns as one of the most important management priorities. We will divide our profits into three major categories: “dividends,” “employee and growth investment funds,” and “internal reserves.”
Dividend Trends
Note: Dividend payout ratio is calculated based on ordinary dividends only.