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Aiming to achieve sustainable growth and medium- and long-term improvement of corporate value, Duskin promotes the three basic policies of "improving capital efficiency," "maintaining a solid financial base" and "ensuring shareholder returns" in a balanced manner.
By preferentially allocating internal reserves to growth investments and thus establishing new business bases, we seek to improve our capital efficiency. Before making investment decisions, we carefully examine the efficiency and recovery potential of each investment case.
By improving the power of our existing businesses in generating steady cash flows, we will enable continuous growth investments. At the same time, we will maintain the solid financial base we have established in the past, by always placing priority on financial soundness.
In the event of an unexpected need, we will procure funds in financial and capital markets by selecting a possible method that has favorable conditions for Duskin.
In accordance with the policy outlined in item 2. below, we are committed to providing stable and sustainable dividends. Furthermore, to enhance shareholder value per share and improve ROE, we will flexibly execute share repurchases, taking into consideration market conditions and cash flow.
Duskin considers the return of profits to shareholders to be one of our top priorities. Our policy is to distribute a portion of profits based on business performance, while maintaining an appropriate balance between investments that drive sustainable growth and enhance corporate value, and financial soundness to remain prepared for potential risks.
Our Articles of Incorporation stipulate that the Board of Directors may, by resolution, declare an interim dividend with September 30 as the record date each year. The decision-making body for year-end dividends is the General Meeting of Shareholders.
Furthermore, we have revised our dividend policy so that, starting from the fiscal year ending March 31, 2026, the amount of dividends for each fiscal year will be the higher of a consolidated payout ratio of 60% or a dividend on equity (DOE) of 3.0%.
Our company holds strategic shareholdings only when we deem such holdings to be rational and beneficial. For stocks where such rationale no longer exists, we will, as appropriate, engage in dialogue with the relevant companies and proceed with reduction or disposal of those holdings.
On an annual basis, our Board of Directors assesses all strategic shareholdings on an individual basis. This assessment considers the necessity for business activities such as maintaining or strengthening business partnerships and transactions, as well as factors including our capital cost and the market trends of the issuing company's stock, to determine whether continued holding is appropriate.
When exercising voting rights, we carefully examine each proposal to determine whether it contributes to strengthening corporate governance at the relevant company and enhancing shareholder value. For proposals that raise concerns from a shareholder value perspective, we will engage in dialogue with the relevant company as necessary before exercising our voting rights.