ROA, EBITDA and net debt-to-equity ratio targets under Challenge 2026
First written in FY2024. 2 of 4 entries say "Reframed", first in 2026-05-15. Latest entry: FY2026.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
9 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Group has designated the 2 years from April 2026 as the period of its New Medium-Term Management Plan “Challenge2028” and will work to establish a robust business foundation, using ROIC (5.0% or higher), EBITDA (maintain 6.0%), payout ratio (targeting 30% or higher), and a policy of reducing cross-shareholdings (to 20% or less of consolidated net assets) as management targets.」
The indicator framework was restructured from the ROA- and net debt-to-equity-ratio-focused framework under Challenge 2026 to one under Challenge 2028 combining ROIC, EBITDA, the dividend payout ratio and the ratio of cross-shareholdings. - 2026-05-15ReframedManagement Planning
「事業の実態をより正確に把握するため、収益性指標をROAからROICに変更」
Challenge2026で用いていたROAをROICへ変更し、ROIC5.0％以上、WACCを安定的に上回る水準を主要指標として示している。 - FY2025AdvancedAnnual report
「As a result, through company-wide efficiency improvements and efforts to strengthen earnings under the medium-term management plan, the net debt-to-equity ratio set as a numerical target for financial soundness achieved the final-year target of 0.7 or lower. Revenue and ordinary profit also exceeded the initial-year plan figures.」
The Company achieved the final-year Challenge 2026 target of a net debt-to-equity ratio of 0.7 or lower, while revenue and ordinary profit also exceeded the initial-year plan figures. This filing does not show the achievement status of ROA or EBITDA. - FY2024First statedAnnual report
「The Group has designated the 2 years from April this year as the period of its New Medium-Term Management Plan Challenge2026 and will work to establish a robust business foundation and maintain stable dividends, using ROA (near-term target of 5%, target during the period of 3.2%), EBITDA (near-term target of 6%), and net D/E ratio (target during the period of 0.7) as management indicators.」
Under Challenge 2026 (fiscal years ending March 2025 to March 2026), the Company set new management indicators: ROA of 5% in the near term and 3.2% during the plan period, EBITDA of 6% in the near term, and a net debt-to-equity ratio of 0.7 during the plan period.