Three-Year Medium-Term Management Plan to Maintain ROE of 10% or Higher and an Equity Ratio of 40% or Higher
First written in FY2017. 3 of 30 entries say "Reframed", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2017: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「Through the steady execution of the three-year medium-term management plan (rolling plan) beginning in fiscal 2026, we aim to achieve ROE of 10% or higher and a dividend payout ratio of 40% or higher while continuing to pay stable dividends.」
The new three-year plan beginning in fiscal 2026 continues to set financial targets of ROE of 10% or higher and a dividend payout ratio of 40% or higher. - 2026-05-08OtherRevisions to earnings forecasts
「Fiscal year ending March 2026 241,280 130,536 50.5 2,425.93 Fiscal year ending March 2026 91.28 － 3.8 4.7 1.9」
The company updated its financial metrics, reporting an equity ratio of 50.5% and return on equity of 3.8% for the fiscal year. - FY2026-H1Update to equity ratio resultsAnnual report
「Equity ratio (%) 50.1 50.0 49.8」
The equity ratio at the end of the interim consolidated accounting period was 50.0%, a slight decline from 50.1% in the interim period of the previous year. - FY2025ReframedAnnual report
「Through the steady execution of the three-year medium-term management plan (rolling plan) beginning in fiscal 2025, we aim to achieve ROE of 10% or higher and a dividend payout ratio of 40% or higher, while continuing to pay stable dividends, thereby establishing sustainable growth and corporate continuity and contributing to stakeholders through our business.」
The company has transitioned to a new three-year plan beginning in fiscal 2025, maintaining ROE of 10% or higher while setting a dividend payout ratio of 40% or higher as a target. - FY2025-H1Update to equity ratio resultsAnnual report
「Equity ratio (%) 47.4 50.1 48.7」
The equity ratio at the end of the interim consolidated accounting period was 50.1%, above 48.7% at the end of the previous fiscal year. - FY2024-Q2Update to equity ratio resultsAnnual report
「Equity ratio (%) 49.6 47.4 49.2」
The equity ratio at the end of the second quarter of the fiscal year was 47.4%, down from 49.2% at the end of the previous fiscal year. - FY2024-Q1Update to equity ratio resultsAnnual report
「Equity ratio (%) 50.0 48.4 49.2」
The equity ratio at the end of the first quarter of the fiscal year was 48.4%, down from 49.2% at the end of the previous fiscal year. - FY2023ReframedAnnual report
「Through the steady execution of the three-year medium-term management plan (rolling plan) beginning in fiscal 2023, we aim to achieve ROE of 10% or higher and a dividend payout ratio of 30% or higher on a stable basis, thereby establishing sustainable growth and corporate continuity and contributing to stakeholders through our business.」
The fiscal 2023 initial-year plan no longer includes the ROA target of 5% or higher set in the fiscal 2022 plan, and instead sets ROE of 10% or higher and a dividend payout ratio of 30% or higher as its financial targets. - FY2023-Q3Update to equity ratio resultsAnnual report
「Equity ratio (%) 46.4 45.6 50.5」
The equity ratio at the end of the third quarter of the fiscal year was 45.6%. Although it remained above the previous level of 40% or higher, it declined from 46.4% in the same quarter of the previous year and 50.5% at the end of the previous fiscal year. - FY2023-Q2Update to equity ratio resultsAnnual report
「Equity ratio (%) 48.4 49.6 50.5」
The equity ratio at the end of the second quarter of the fiscal year was 49.6%, maintaining a level of 40% or higher. - FY2023-Q1Update to equity ratio resultsAnnual report
「Equity ratio (%) 47.7 50.0 50.5」
The equity ratio at the end of the first quarter of the fiscal year was 50.0%, above the previous level of 40% or higher, separately from the ROE, ROA and other targets of the fiscal 2022 medium-term management plan. - FY2022ReframedAnnual report
「Through the steady execution of the three-year medium-term management plan (rolling plan) beginning in fiscal 2022, we aim to achieve ROE of 10% or higher, return on assets (ROA) of 5% or higher, and a dividend payout ratio of approximately 30% on a stable basis, thereby establishing sustainable growth and corporate continuity and contributing to stakeholders through our business.」
The fiscal 2022 plan has been revised from the previous plan, which emphasized the target of an equity ratio of 40% or higher, to one setting targets of ROE of 10% or higher, ROA of 5% or higher, and a dividend payout ratio of approximately 30%. The company explained that fiscal 2021 ROE was 9.0%, below target. - FY2022-Q3Update to equity ratio resultsAnnual report
「Equity ratio (%) 44.6 46.4 48.3」
The equity ratio at the end of the third quarter of the fiscal year was 46.4%, above the target level of 40% or higher. - FY2022-Q2Update to equity ratio resultsAnnual report
「Equity ratio (%) 46.6 48.4 48.3」
The equity ratio at the end of the second quarter of the fiscal year was 48.4%, above the target level of 40% or higher. - FY2022-Q1Update to equity ratio resultsAnnual report
「Equity ratio (%) 46.1 47.7 48.3」
The equity ratio at the end of the first quarter of the fiscal year was 47.7%, above the target level of 40% or higher. - FY2021RestatedAnnual report
「Through the steady execution of the three-year medium-term management plan (rolling plan) beginning in fiscal 2021, we aim to achieve a return on equity (ROE) of 10% or higher and a dividend payout ratio of approximately 30% on a stable basis while maintaining an equity ratio of 40% or higher, thereby establishing sustainable growth and corporate continuity and contributing to stakeholders through our business.」
The new three-year rolling plan beginning in fiscal 2021 continues to set financial targets of an equity ratio of 40% or higher, ROE of 10% or higher, and a dividend payout ratio of approximately 30%. - FY2021-Q3Update to equity ratio resultsAnnual report
「Equity ratio (%) 42.8 44.6 45.6」
The equity ratio at the end of the third quarter of the fiscal year was disclosed as 44.6%, above the target level of 40% or higher. - FY2021-Q2Update to equity ratio resultsAnnual report
「Equity ratio (%) 44.7 46.6 45.6」
The equity ratio at the end of the second quarter of the current consolidated fiscal year was 46.6%, exceeding the planned level of at least 40%. - FY2021-Q1Update to equity ratio resultsAnnual report
「Equity ratio (%) 41.7 46.1 45.6」
The equity ratio at the end of the first quarter of the current consolidated fiscal year was 46.1%, exceeding the target level of at least 40%. - FY2020AchievedAnnual report
「ROE was 10% and the equity ratio was 45.6% as the target management indicators, and both targets were achieved.」
Fiscal 2019 results showed ROE of 10.0% and an equity ratio of 45.6%, explicitly indicating that both the previous targets of ROE of at least 10% and an equity ratio of at least 40% were achieved. - FY2020-Q3Update to equity ratio resultsAnnual report
「Equity ratio (%) 40.8 42.8 42.2」
The equity ratio at the end of the third quarter of the current consolidated fiscal year was disclosed at 42.8%. No change to the targets of maintaining an equity ratio of at least 40% and ROE of at least 10% was stated. - FY2020-Q2Update to equity ratio resultsAnnual report
「Equity ratio (%) 40.5 44.7 42.2」
The equity ratio at the end of the second quarter of the current consolidated fiscal year was 44.7%, maintaining the planned level of at least 40%. - FY2020-Q1Update to equity ratio resultsAnnual report
「Equity ratio (%) 40.2 41.7 42.2」
The equity ratio at the end of the first quarter of the current consolidated fiscal year was 41.7%, maintaining the planned level of at least 40%. - FY2019ROE target missed, equity ratio maintainedAnnual report
「We maintained an equity ratio of 42.2%, above the target level of at least 40%, but ROE remained at 9.9%, below the 10% target. In the next fiscal year, we will aim to achieve the target management indicators by focusing on improving profitability in the meat business under the medium-term management plan, the rolling plan.」
The three-year plan beginning in fiscal 2019 also set targets of an equity ratio of at least 40% and ROE of at least 10%. In the current fiscal year, the equity ratio was maintained, but ROE was 9.9%, below target. - FY2019-Q3Update to equity ratio resultsAnnual report
「Equity ratio (%) 38.8 40.8 42.8」
The equity ratio at the end of the third quarter of the current consolidated fiscal year was disclosed at 40.8%. No change to the targets of maintaining an equity ratio of at least 40% and ROE of at least 10% was stated. - FY2019-Q2Update to equity ratio resultsAnnual report
「Equity ratio (%) 40.6 40.5 42.8」
The equity ratio at the end of the second quarter of the current consolidated fiscal year was disclosed at 40.5%. No change to the targets of maintaining an equity ratio of at least 40% and ROE of at least 10% was stated. - FY2019-Q1Quarterly Results UpdatedAnnual report
「Equity ratio (%) 42.2 40.2 42.8」
The equity ratio at the end of the first quarter of the current consolidated fiscal year was disclosed at 40.2%. No change to the targets of maintaining an equity ratio of at least 40% and ROE of at least 10% was stated. - FY2018AdvancedAnnual report
「Through the steady execution of the three-year medium-term management plan, beginning in fiscal 2018, the rolling plan, we aim to achieve ROE of at least 10% while maintaining an equity ratio of at least 40%.」
The new three-year plan beginning in fiscal 2018 was launched, and full-year results disclosed an equity ratio of 42.7% and ROE of 13.6%. - FY2018-Q3Disclosure of equity ratio resultsAnnual report
「Equity ratio (%) 39.7 38.7 42.1」
An equity ratio of 38.7% was disclosed for the cumulative consolidated third quarter of the 71st fiscal year. The existing medium-term management plan calls for maintaining an equity ratio of at least 40%, but this filing does not state any change to the target itself. - FY2017First statedAnnual report
「Through the steady execution of the three-year medium-term management plan, beginning in fiscal 2017, the rolling plan, we aim to achieve ROE of at least 10% while maintaining an equity ratio of at least 40%.」
The new three-year plan beginning in fiscal 2017 sets specific targets for the equity ratio and ROE.