Financial strategy aimed at the use of financial resources to support business strategy, both long term and short term. This strategy includes the financial capital acquisition strategy, capital allocation, diveden allocation and management of working capital.
The acquisition of capital usually involves consideration the reasonable cost of capital, the proportion of short-term debt and long-term, the desired balance between internal and external funding, risks and limitations of ownership and the level and form of a lease that must be used. Microsoft to develop the company do shares with a sales price of 21 dollars and 28 dollars closed in 1986. Microsoft’s stock price reached the peak price of 119 dollars in 1999.
Capital allocation priorities include the consideration to the allocation of capital projects, the basic selection of the end of the project and the allocation of capital is allowed without the approval of operational managers managers higher. Microsoft does not share dividend from 18 September 1987 until 16 January 2003. Capital that are used for a project to develop the Microsoft Office launched in 1989 and Windows 3.0, which is issued in 1990. In 1993 the Windows NT 3:01 and in 1995 launched Windows 95 equipped with Internet Explorer and MSN (Microsoft Network). In 1996 the Windows CE.1.0. and in 1997 launched the Internet Explorer 4.0. and in 1998 raised a Windows 98. Windows XP, released in 2001
The allocation of dividends and management of working capital include consideration of the division of the profit should be distributed as dividends, dividend stability, the form of dividends other than cash, cash flow needs, the minimum cash balance and the maximum credit policy, credit policy billing, the provisions and procedures of payment. Berkshire Hathaway more pressure on the company’s net wealth rather than allocate greater dividends in the division, such as AOL Time Garnet, Exxon Mobil and Toyota.
Figure 7:45. Katsuaki Watanabe
Toyota Motor Company on 31 March 2007 net profit to total 23.95 trillion yen, an increase of 13.8% compared to the previous fiscal year. Contribution of positive operating income of 720.0 billion yen from 330.0 billion consists yen from marketing efforts, 290.0 yen from the positive effects of exchange rate changes in foreign currency and 100 billion yen from cost reduction efforts. Toyota Motor Company to share half profit as cash dividends for the six months worth of 70 yen per share, up 15% compared to the past period, so the total dividend paid a full year is 120 yen perlembar shares. President of Toyota Motor Company, Katsuaki Watanabe, said: “The result is the ratio of dividends distributed increased from 21.3% to 23.4%, continually trying to get to our target of 30%.”
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