Investor Presentaiton
Overseas
Domestic
1. Long-Term Business Plan: Innovation 2017
1-5. Investment and Disposal Plan
Investment and disposal plan
Investments in Japan and overseas to generate future growth
Area and Type
FY2012-FY2014
FY2015-FY2017
(Billions of yen)
|FY2012-FY2017 Total
Investment
300-400
400-500
Approx. 800
Capital
expenditures
Total
Disposal
Approx. 200
Approx. 200
Approx. 600
Approx. 600
Investment
1,000-1,100
1,300-1,400
Approx. 2,400¹
Real property Disposal
1,000-1,100
1,300-1,400
for sale
Approx. 2,400
Total
Approx. ±0
Approx. ±0
Investment
200-300
200-300
Approx. 500²
Europe, North
America & Asia
Disposal
Total
Approx. 100
Approx. 400
Approx. 100
Approx. 400
Net investment (sum of
investment and recovery)
Adjusted cash flow³
500-600
400-500
400-500
Approx. 1,000
500-600
Approx. 1,000
1. Two-thirds of total investment will be in property sales to individuals, one-third will be in property sales to investors
2. 60% of total overseas investment will be in Europe and N. America, 40% will be in Asia (including China)
3. Adjusted cash flow = Income before income taxes + Depreciation and amortization, etc. - Income taxes paid
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