{"id":27748,"date":"2026-02-12T15:39:10","date_gmt":"2026-02-12T06:39:10","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/4633-20260212-06_wp_capital_policy\/"},"modified":"2026-02-12T15:39:10","modified_gmt":"2026-02-12T06:39:10","slug":"4633-20260212-06_wp_capital_policy","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-4633\/ir\/4633-20260212-06_wp_capital_policy\/","title":{"rendered":"Achieving Management Conscious of Capital Costs and Stock Prices (Updated February 2026)"},"content":{"rendered":"<p>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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/4633-20260212-06.pdf","jir_short_summary":"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.","jir_summary":"### Review of Cost of Equity Capital\nThe cost of equity capital for fiscal 2025 is expected to increase from the previous 6\u20138% to 8\u20139%, 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.\n\n### Overview of Capital Policy Implemented in 2025\nStrategic 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.\n\n### Initiatives to Enhance Corporate Value and ESG Initiatives\nAiming 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.\n\n### Strengthening IR and Enhancing Dialogue with Shareholders\nThe 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.","jir_financial_highlights":"Cost of Equity Capital: 8\u20139% (Revised upward from 6\u20138% forecast for fiscal 2025)\nNumber of Shares Offered: 2,946,700 shares (5.43% of outstanding shares)\nDividend Increase (Per Share): 95 yen in 2025 (+25 yen YoY)\nShare Buyback Amount: 1 billion yen\/year (Planned for two consecutive years: 2024 and 2025)\nStrategic Shareholding Reduction Rate: Approximately 55% reduction (Targeted by the end of 2025)\nShareholder Count Growth Rate: +51.6% (Compared to the end of 2024)\nCO2 Emissions Reduction Rate for Fiscal 2024: 44.6% reduction (compared to fiscal 2013) (Unknown)","jir_category":"","jir_hashtags":"#SakataINX, #CapitalPolicy, #ShareholderReturns, #ESG, #JapaneseStocks","jir_key_figures":"Cost of Equity Capital: 8\u20139% (2025 forecast)\nNumber of Shares Offered: 2,946,700 shares (5.43% of outstanding shares)\nDividend Increase (Per Share): 95 yen in 2025 (up 25 yen YoY)\nShare Buyback Amount: 1 billion yen\/year (planned for 2024 and 2025)\nStrategic Shareholding Reduction Rate: Approximately 55% (by the end of 2025)\nShareholder Count Growth Rate: +51.6% (compared to end of 2024)\nCO2 Emissions Reduction Rate for Fiscal 2024: 44.6% (compared to fiscal 2013)","jir_meta_title":"Sakata INX Revises Cost of Equity Capital to 8\u20139% for 2025 and Executes 5.43% Stock Offering","jir_meta_description":"Sakata INX plans to revise its cost of equity capital to 8\u20139% in 2025, conduct a stock offering of 2,946,700 shares (5.43%), increase dividends to 95 yen, and implement annual share buybacks of 1 billion yen. ESG initiatives are also strengthened.","jir_og_title":"Sakata INX Announces Review of Capital Costs and Strengthened Shareholder Returns","jir_og_description":"Revising cost of equity capital to 8\u20139%, executing a 5.43% stock offering, expanding dividends and share buybacks, and advancing corporate value enhancement and ESG management.","jir_og_image_url":"\/assets\/og\/company-capital_policy.jpg","jir_chart_data_collection":"[]","ir_related_company":9386,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-27748","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Achieving Management Conscious of Capital Costs and Stock Prices (Updated February 2026) - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-4633\/ir\/4633-20260212-06_wp_capital_policy\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-4633\/ir\/4633-20260212-06_wp_capital_policy\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-4633\/ir\/4633-20260212-06_wp_capital_policy\/\",\"name\":\"Achieving Management Conscious of Capital Costs and Stock Prices (Updated February 2026) - 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