Management Strategy
We set our sights toward PBR 1x or more, and ROE of 8% or more, as we put forth our management strategy for the next three years, as follows:
1
Build an earnings structure through M&A so that we can continuously post net income of 5 billion yen or more by FY2026
2
We will actively allocate our net cash and deposits (21.6 billion yen* as of the end of FY2023) to M&A or shareholder returns (acquisition of own shares / dividends) over the next three years to maximize our equity value per share.
*The figure excludes approximately 5.2 billion yen estimated for the Liddell Coal Mine closure cost.