Sakata INX Corporation
Achieving Management Conscious of Capital Costs and Stock Prices (Updated February 2026)
Reducing strategic shareholdings by approximately 55% by the end of 2025, stock offering of 2,946,700 shares (5.43% of outstanding shares), dividend increase to 95 yen in 2025 (up 25 yen YoY), and planned share buyback of 1 billion yen annually.
Key Figures
- Cost of Equity Capital: 8–9% (2025 forecast)
- Number of Shares Offered: 2,946,700 shares (5.43% of outstanding shares)
- Dividend Increase (Per Share): 95 yen in 2025 (up 25 yen YoY)
- Share Buyback Amount: 1 billion yen/year (planned for 2024 and 2025)
- Strategic Shareholding Reduction Rate: Approximately 55% (by the end of 2025)
- Shareholder Count Growth Rate: +51.6% (compared to end of 2024)
- CO2 Emissions Reduction Rate for Fiscal 2024: 44.6% (compared to fiscal 2013)
AI要約
Review of Cost of Equity Capital
The cost of equity capital for fiscal 2025 is expected to increase from the previous 6–8% to 8–9%, based on CAPM calculation and dialogue with investors. The impact of rising long-term interest rates is significant, with 121 investor meetings conducted in fiscal 2025. The Board of Directors is engaging in extensive discussions regarding capital costs.
Overview of Capital Policy Implemented in 2025
Strategic shareholdings will be reduced by approximately 55% by the end of 2025 and utilized for shareholder returns and growth investments. In November 2025, a stock offering of 2,946,700 shares (5.43% of outstanding shares) was conducted, improving the individual shareholder ratio by approximately 5% and stock liquidity by about 50%. Dividends are scheduled to increase stepwise from 35 yen in 2023 to 95 yen in 2025. Share buyback plans allocate 1 billion yen each for 2024 and 2025. The number of shareholders increased by 51.6% compared to the end of 2024, and the total shareholder return ratio is expected to be 49% in 2025.
Initiatives to Enhance Corporate Value and ESG Initiatives
Aiming to achieve ROE above 10%, the company is considering an appropriate capital-to-debt ratio supported by improved profitability, asset efficiency, and reduced financial leverage. Sustainability management is promoted with a target to reduce CO2 emissions by 44.6% in fiscal 2024 compared to fiscal 2013. The company has decided to transition to a holding company structure and a company with an audit committee, strengthening governance.
Strengthening IR and Enhancing Dialogue with Shareholders
The company promotes 121 annual meetings with institutional investors, participation in IR fairs, internal project sharing, and continuous improvements. Efforts include earlier financial results briefings, enhanced English disclosure, issuance of IR reports, and website improvements to strengthen dialogue with investors.
