Strengthening asset efficiency and the earnings base by emphasizing ROA
First written in FY2018. 1 of 5 entries say "Reframed", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2018: 4 of 18 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The management strategy for the next 3 years is based on an awareness of a PBR of 1x or higher and ROE of 8% or higher.」
The policy of emphasizing ROE of 8% or higher is stated in the management strategy for the next 3 years together with a PBR of 1x or higher, while ROE for the current consolidated fiscal year is 13.43%. - FY2021RestatedAnnual report
「Our group seeks to maintain and expand profitability while providing shareholders with adequate returns, and therefore places emphasis on return on equity (ROE), which indicates the efficiency of management in relation to shareholders' equity.」
The policy of emphasizing management metrics, switched from ROA to ROE in the previous fiscal year, continues to be disclosed as a management policy. - FY2020Numerical targets disclosedAnnual report
「Key numerical targets in the medium-term management plan: a. Operating profit from non-coal production businesses: ¥4.7 billion (fiscal year ending March 2024); b. ROE: 8% or higher (fiscal year ending March 2024)」
In addition to the previous emphasis on ROE, the company specifies a numerical target of ROE of 8% or higher by the fiscal year ending March 2024. - FY2019ReframedAnnual report
「Our group seeks to maintain and expand profitability while providing shareholders with adequate returns, and therefore places emphasis on return on equity (ROE), which indicates the efficiency of management in relation to shareholders' equity.」
The wording of the target metric has changed from ROA, which was emphasized in the previous fiscal year, to ROE, which indicates efficiency relative to shareholders' equity. - FY2018First statedAnnual report
「Our group places emphasis on return on assets (ROA) as a perspective for pursuing further growth by building a strong earnings base while efficiently managing assets and maintaining a sound financial position.」
Return on assets (ROA) is identified independently for the first time as a key metric for assessing asset efficiency, financial soundness and the earnings base.