Hakuto Co., Ltd.
Response Toward Realizing Management Aware of Capital Costs and Stock Prices (Latest Edition)
Hakuto Co., Ltd. announced initiatives to promote ROE improvement and ROIC-based management with a focus on capital efficiency, growth strategies and M&A promotion under the medium-term management plan "Hakuto 2028," and reinforcement of a stable dividend policy.
Key Figures
- PBR: 1.18x
- ROE: 7.8%
- ROIC: 5.9%
- Dividend Payout Ratio: Approximately 70%, DOE 5% dividend floor set
- Number of Dialogues with Institutional Investors: 36 times (FY2025)
- M&A Achievements: Clearize (September 2024), Rabyte (February 2026)
AI要約
Current Recognition and Policy on Management Aware of Capital Costs
Hakuto Co., Ltd. recognizes that its current PBR of 1.18x, ROE of 7.8%, and ROIC of 5.9% are in line with shareholders’ capital costs and WACC, and acknowledges the necessity for ROE improvement with attention to capital efficiency for sustainable corporate value enhancement. The medium-term management plan "Hakuto 2028" sets ROIC improvement, optimization of financial leverage, and reduction of capital costs as key management policies.
Concrete Initiatives and Growth Strategy
To improve ROIC, the company promotes diversification of value provided, growth investments including M&A, review of business portfolio, working capital efficiency, and reduction of policy-held shares, based on investor meetings and understanding of external environment. The dividend policy aims for stable increases by setting a dividend payout ratio around 70% and a DOE 5% dividend floor. Regarding M&A, Clearize was subsidiary in September 2024 and Rabyte in February 2026, aiming to expand business domains and create synergies.
