Ongoing Target of ROE of Approximately 10%
First written in FY2017. 6 of 12 entries say "Raised", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
25 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「The company has designated consolidated ROE (return on equity) as a target management metric for the entire company. Against a CAPM-based cost of equity of approximately 7% to 8%, it recognizes estimated investor required returns of approximately 9% to 10% and aims for ROE of 15% or higher over the medium to long term.」
The company raised its medium- to long-term consolidated ROE target from 12.5% to 15% or higher. Actual ROE for the fiscal year ending March 2026 was 19.6%. - FY2025RaisedAnnual report
「The company has designated consolidated ROE (return on equity) as a target management metric for the entire company. Against a CAPM-based cost of equity of approximately 6%, it recognizes estimated investor required returns of approximately 8% to 9% and aims for ROE of 12.5%, above those levels.」
The company raised its consolidated ROE target from 10% or higher to 12.5% and indicated its relationship with a cost of equity of approximately 6% and investor required returns of approximately 8% to 9%. Actual ROE was 17.3%. - FY2024ReframedAnnual report
「The company has designated consolidated ROE (return on equity) as a target management metric for the entire company and aims to achieve 10%, with 8% as the minimum, above the estimated 6% cost of capital.」
The company added an estimated 6% cost of capital and a minimum ROE target of 8% to its previous target of ROE of 10% or higher. Actual ROE was 14.3%. It also indicated a policy of using ROIC as a target management metric by business segment. - FY2023-Q3RestatedAnnual report
「The Company has set consolidated ROE of at least 10% as a target management indicator and aims to achieve active growth investment and shareholder returns based on the cost of capital.」
The company continues to pursue growth investments and shareholder returns based on its cost of capital, with consolidated ROE of 10% or higher as a target management metric. - FY2023-Q2RestatedAnnual report
「The Company has set consolidated ROE of at least 10% as a target management indicator and aims to achieve active growth investment and shareholder returns based on the cost of capital.」
The Company continues to pursue a policy of using consolidated ROE of at least 10% as a target management indicator. - FY2022RestatedAnnual report
「The Group's return on equity (ROE) was 10.9%, down 1.6 percentage points from the previous consolidated fiscal year. The Group will continue to consider measures to improve capital efficiency and make effective use of shareholders' equity, and will work to maintain ROE of at least 10%.」
The Company has maintained its ongoing target of ROE of at least 10%. ROE for the year was 10.9%, down from 12.5% in the previous year but above the target level. - FY2021RaisedAnnual report
「As a result of its business activities, the Company places importance on achieving consolidated ROE (return on equity), which represents the relationship between shareholder funds and profits, of at least 10% as an ongoing target metric so that it can provide shareholders with an appropriate return of profits.」
The Company disclosed a continuing target of consolidated ROE of at least 10%, replacing the previous target of approximately 10% ROE. Actual ROE was 12.5%. - FY2017First statedAnnual report
「We regard achieving ROE (return on equity), which reflects the relationship between shareholders’ funds and profit, of approximately 10% as an important ongoing performance target.」
For the first time, explicitly identifies ROE of approximately 10% as an ongoing target metric in connection with shareholder returns.