Returns on Capital Above the Cost of Capital and Enhancement of Shareholder Value
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
42 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The company recognizes that generating returns on capital above the cost of capital is an essential management requirement, and aims to earn market recognition by maintaining and improving high returns on capital.」
The company continues to target returns on capital above the cost of capital and improved market recognition, and reported ROE of 41.5% and PBR of 7.55 times at the end of fiscal 2025. - FY2024AdvancedAnnual report
「The company recognizes 6.7%, calculated using the weighted average cost of capital (WACC), as its cost of capital. In contrast, ROE was 31.8% at the end of fiscal 2024, substantially above the cost of capital. PBR was 6.16 times at the end of fiscal 2024, remaining at a high level.」
The company set its cost of capital at WACC of 6.7% and reported ROE of 31.8% and PBR of 6.16 times at the end of fiscal 2024. - FY2023First statedAnnual report
「The company recognizes that generating returns on capital above the cost of capital is an essential management requirement, and aims to earn market recognition by maintaining and improving high returns on capital. The company recognizes 8.2%, calculated using the weighted average cost of capital (WACC), as its cost of capital.」
The company newly stated that its management objectives are to improve returns on capital, ROE, PBR and shareholder value above its cost of capital, which it recognizes as WACC of 8.2%.