Management Focused on Cost of Capital and Share Price and Improving PBR
First written in FY2024. 5 of 7 entries say "Advanced", first in FY2025. Latest entry: 2026-10-07.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
42 other companies' latest entry also says "Advanced".
- 2026-10-07AdvancedOther Disclosures
「今後も当社は、より多くの株主・投資家のみなさまに理解いただけるようＩＲ活動の充実に努め、建設的な対話を通じ、企業価値向上に向け引き続き取り組んでまいります。」
TOPIX構成銘柄への採用を契機に、IR活動の充実、投資家との建設的な対話、企業価値向上への取り組みを改めて示している。 - FY2026AdvancedAnnual report
「(b) Set ROIC as a target management metric for each business ・Regularly monitor WACC and ROIC for each business ・Promote the adoption of ROIC-based management practices, including the allocation of management resources and investment decisions for each business」
The Company gave concrete form to its management approach focused on capital costs and share price through regular monitoring of business-specific WACC and ROIC and their use in allocating management resources and making investment decisions. The company-wide ROE target was set at 15% or higher. - FY2025AdvancedAnnual report
「(b) Set ROIC as a target management metric for each business ・Regularly monitor WACC and ROIC for each business ・Promote the adoption of ROIC-based management practices, including the allocation of management resources and investment decisions for each business」
The Company gave concrete form to its management approach focused on capital costs and share price by adding regular monitoring of business-specific WACC and ROIC and their use in allocating management resources and making investment decisions to its company-wide ROE target. The DOE target has also been revised from 4% to 5%. - FY2024First statedAnnual report
「The Company recognizes improving PBR as a management challenge and aims to improve PBR by implementing growth strategies and improving capital profitability, thereby creating corporate value that will be sustainably recognized by the market.」
For the first time, presents in a consolidated form a management approach focused on cost of capital and share price, combining an estimated cost of capital of 6%, an ROE floor of 8% and target of 10%, business-specific ROIC, progressive dividends based on a DOE of 4%, share repurchases, executive compensation reforms and enhanced IR.