Announces full-scale operation of the new organizational structure and acceleration of growth in new business areas. Presents an M&A promotion policy including Opera House, newly made a wholly owned subsidiary, establishment of an investment framework mindful of capital costs, and a financial strategy targeting ROIC\/ROE of 5% and PBR above 1.0. 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Presents an M&A promotion policy including Opera House, newly made a wholly owned subsidiary, establishment of an investment framework mindful of capital costs, and a financial strategy targeting ROIC\/ROE of 5% and PBR above 1.0. There were fiscal years with no dividend; aims to return to profitability and resume stable dividend payments.","jir_summary":"### Overview of Business Strategy and Financial Strategy\nThe new structure, shifting from the previous app-centered organization to three pillars of apps, digital comics, and consumer games, has begun full-scale operations to accelerate growth in new areas. In July 2026, Opera House was made a wholly owned subsidiary to strengthen consumer game development capabilities, expand sales in Asia, collaborate with external IP, and pursue publishing activities including indie titles. The company is considering capital market financing and is enforcing management control that is mindful of capital costs. Targets ROIC\/ROE of 5% and aims for PBR above 1.0 in the medium to long term.\n\n### Policy on Shareholder Returns, IR\/ESG Activities, and Human Capital Investment\nAs a financial strategy, the company emphasizes maintaining equity while improving capital efficiency. It will review low-profitability businesses, improve the investment cycle, and promote performance-linked executive compensation and equity-based remuneration. As of the fiscal year ended June 2026, the equity ratio was 79.4%, and growth investments through the full acquisition of Opera House will continue. A Chief Financial Officer position was established in September. For shareholder returns, the company targets a payout ratio of 20% or more, but no dividend was paid this fiscal year due to a net loss. IR\/PR activities will be strengthened, continuing disclosure targeted at retail investors and proactive disclosure of ESG information.","jir_financial_highlights":"ROIC: -5.14% (Fiscal year ended June 2026)\nROE: -3.64% (Fiscal year ended June 2026)\nPBR: 0.66 x (Fiscal year ended June 2026)","jir_category":"","jir_hashtags":"#ConsideringShareBuyback, #ShareholderReturns, #GrowthStrategy, #OperaHouseMadeWhollyOwnedSubsidiary","jir_key_figures":"ROIC -5.14% (Fiscal year ended June 2026)\nROE -3.64% (Fiscal year ended June 2026)\nPBR 0.66 x (Fiscal year ended June 2026)","jir_meta_title":"Voltage Incorporation Announces Management Policy Mindful of Capital Costs | October 2026","jir_meta_description":"Voltage Incorporation disclosed growth strategies and financial improvement policies considering capital costs and market assessment. This summarizes expansion into new business areas, the full acquisition of Opera House, strengthening of the investment cycle, ROIC\/ROE targets, and shareholder return policy amid a no-dividend fiscal year.","jir_og_title":"Voltage Incorporation's Management Policy Mindful of Capital Costs | October 2026","jir_og_description":"Full-scale operation of the new structure and acceleration of growth in new business areas. Review the full acquisition of Opera House, enhanced financial strategy, and shareholder return policy.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":61281,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-136903","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n