0(Fiscal years ended / ending March 31)%120¥130.0 billion Dividend per Share Dividend Payout Ratio (right)Approx. ¥60.0 billion114.8114.888888888888852.452.437.937.911010047.247.241.241.2We have set KPIs for turnover ratios on fixed assets, inventory, and accounts receivable, and we have also begun in earnest to manage our businesses’ ROIC. This enables more precise and agile responses when allocating resources or making strategic decisions. The introduction of KPI management has also led to growing financial awareness, not only within business operations but also in the Production Division, During the period of our medium-term business plan, we anticipate generating approximately ¥130.0 billion in cash flow. We plan to allocate approximately ¥60.0 billion of this toward capital investment. Since the previous medium-term business plan period, we have been working to build capacity to meet rising demand, especially for semiconductor- and electronic component-related products. We accelerated the expansion of production facilities for semiconductor-related adhesive tapes and multilayer ceramic capacitor-related tapes to build a system capable of responding to strong demand. In addition, recognizing the long-term potential of sustained high demand for semiconductor-related equipment, we have launched a project to rebuild the Ina Technology Center, which develops and produces equipment. As a result, capital expen-ditures in the previous fiscal year exceeded the initial plan and totaled ¥20.6 billion. In today’s rapidly changing environment, the key lies in making timely investments ahead of the curve. We will continue to respond swiftly based on our plans. We are also planning approximately ¥32.0 billion in R&D expenses. In the first year of the medium-term business plan, we invested a record-high ¥10.1 billion. To promptly achieve our goal of increasing the net sales ratio of new products set as part of our material issues, we are steadily investing in new products and businesses. We are making upfront investments with a focus on semiconductor-related products, including carbon nanotube pellicles for extreme ultraviolet lithography equipment. Regarding M&A, we will continue to evaluate opportunities, particularly with a view to expanding in overseas markets, while carefully considering financial risks. Regarding shareholder returns, our basic policy through the fiscal year ending March 31, 2027, is to avoid dividend reductions in principle and maintain a dividend payout ratio of 40% or higher or a dividend on equity (DOE) ratio of 3% as a benchmark. In the previous fiscal year, reflecting our strong In recent years, during IR meetings with investors we have received many questions regarding the optimization of our business portfolio. LINTEC does not apply blanket rules for investment or withdrawal decisions. This is because we believe that, in a rapidly changing business environment, the ability to accurately assess each situation and make timely decisions allows for flexible responses aligned with individual Cash flow during Stage 2 (operating income + depreciation + amortization of goodwill)Approx. External Financing120906030Procurement Division, and Research & Development Division. We are now able to collect financial data from each business operation without delays and have established an appropriate management structure. Going forward, we aim to further enhance operational performance, inventory control, and business efficiency by leveraging DX.performance, we raised the annual dividend by ¥12, from the initial forecast of ¥88 to ¥100. For the current fiscal year, we plan to increase the dividend by an additional ¥10 to ¥110, marking the second consecutive year of dividend increases. As part of our shareholder return initiatives, we also executed a share repurchase program beginning in February 2025, with an upper limit of 3 million shares or ¥10 billion. The program was completed in June. While continuing to strengthen our management foundation, we will maintain our fundamental policy of stable and continuous dividends based on each fiscal year’s consolidated performance, and we remain committed to further enhancing shareholder returns.circumstances. Accordingly, I view it as my important role to communicate clearly and sincerely with shareholders and investors, explaining the background behind our initiatives as well as LINTEC’s thinking and unique strengths. We will continue to strive for improved corporate value and better market recognition through active information disclosure and constructive dialogue.Cash Allocation Dividend per Share / Dividend Payout Ratio¥ 0Capital expendi-tures and othersR&D investmentApprox. ¥32.0 billionGrowth investments202220232024Agile investments such as M&AShareholder returns90603020252026(Forecast)Cash Allocation to Support Sustainable GrowthConstructive Dialogue with Shareholders and Investors29
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