Setting targets for ROE and total payout ratio
First written in FY2016. 4 of 13 entries say "Raised", first in FY2021. Latest entry: FY2026.
11 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Fiscal year ending March 2029 (final-year targets): revenue ¥190 billion or more; ROE 10% or more; DOE 3% or more; shareholder return policy: progressive dividends」
As a numerical target under Action Plan 2029, raised ROE from the previous target of 8% or more to 10% or more. Shareholder returns are indicated by DOE of 3% or more and progressive dividends. - FY2024ReframedAnnual report
「We will pursue proactive and stable shareholder returns by targeting ROE of 8% or more for capital efficiency and DOE of 3% or more and progressive dividends for shareholder returns.」
Under the “Action Plan 2029,” reorganised the indicators and shareholder return policy from the previous targets of ROE of 10% or more and a total payout ratio of 40% or more to ROE of 8% or more, DOE of 3% or more and progressive dividends. - FY2023AdvancedAnnual report
「The performance indicators for performance-linked compensation are the numerical targets set in the medium-term management plan, namely revenue, operating income, ROE and the total payout ratio. Actual results were revenue of ¥124.6 billion, operating income of ¥9 billion, ROE of 7.9% and a total payout ratio of 40.2%.」
Actual ROE improved from 5.5% in the previous fiscal year to 7.9%, but fell short of the target of 10% or more. The total payout ratio was 40.2%, reaching the target level of 40% or more. - FY2022Decline in ROEAnnual report
「The performance indicators for performance-linked compensation are the numerical targets set in the medium-term management plan, namely revenue, operating income, ROE and the total payout ratio. Actual results were revenue of ¥114.7 billion, operating income of ¥7.2 billion, ROE of 5.5% and a total payout ratio of 54.9%.」
While the targets of ROE of 10% or more and a total payout ratio of 40% or more were maintained, actual results for the period were ROE of 5.5% and a total payout ratio of 54.9%. - FY2021RaisedAnnual report
「We aim for ROE of 10% or more as a measure of capital efficiency and a total payout ratio of 40% or more for shareholder returns, while pursuing stable shareholder returns with DOE also taken into account.」
Maintained the ROE target of 10% or more, raised the total payout ratio target from the previous 30% to 40% or more, and added a policy of taking DOE into account. - FY2020AdvancedAnnual report
「Return on equity (%) 14.4 14.6 13.6 11.1 12.5」
Return on equity, a key management indicator, was 12.5% in the fiscal year ended March 2020, exceeding the target level of 10% or more. - FY2019RestatedAnnual report
「Fiscal year ending March 2021 (final-year targets): revenue ¥140 billion; operating income ¥14 billion; ROE 10% or more; total payout ratio 30%」
Continued the capital efficiency and shareholder return targets, including ROE of 10% or more and a total payout ratio of 30%. - FY2018AdvancedAnnual report
「We achieved “operating income of ¥13 billion or more” for 2 consecutive years and also achieved “ROE of 10% or more” for 3 consecutive years, with ROE at 13.6%. We will maintain and continue our targets for capital efficiency and shareholder returns.」
Stated that ROE of 10% or more had been achieved for 3 consecutive years, with actual ROE of 13.6%, and that the targets for ROE and the total payout ratio would be maintained. - FY2017RestatedAnnual report
「ROE (%) 10% or more; total payout ratio (%) 30%」
Continued the targets of ROE of 10% or more and a total payout ratio of 30%. - FY2016First statedAnnual report
「To further enhance capital efficiency and the shareholder return framework, we set targets for ROE and the total payout ratio and introduced interim dividends.」
Set medium-term management plan targets of ROE of 10% or more and a total payout ratio of 30%.