Improving capital efficiency through higher profit margins and ROE
First written in FY2017. 15 of 26 entries say "Worsened", first in FY2019. Latest entry: 2026-08-12.
Fukutome Meat Packers moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings
「The equity ratio was 19.3%.」
The equity ratio declined from 19.6% at the end of the previous consolidated fiscal year to 19.3%. - FY2026Lower operating margin alongside a higher equity ratioAnnual report
「The ordinary profit margin for the consolidated fiscal year was negative because of the challenging operating environment. The ordinary profit margin was negative 3.3%, down 0.8% from the previous fiscal year. The equity ratio for the consolidated fiscal year was 19.6%, up 4.9% from the previous fiscal year because retained earnings increased.」
Against management targets of a 5% ordinary profit margin and a 50% equity ratio, the ordinary profit margin deteriorated to negative 3.3%, while the equity ratio rose 4.9 percentage points to 19.6%. - 2026-05-14OtherEarnings
「Fiscal year ending March 2026 12,684 2,489 19.6」
The equity ratio increased from 14.7% to 19.6%, while the ordinary income-to-net-sales ratio was negative 6.3%, indicating that the profitability target remains unmet. - FY2026-H1Down year on year, up from the fiscal year-endAnnual report
「Equity ratio (%) 16.4 14.9 14.7」
The equity ratio was 14.9%, below 16.4% in the same period of the previous year but above 14.7% at the end of the previous consolidated fiscal year. A substantial gap remains from the previous 50% management target. - FY2025WorsenedAnnual report
「The ordinary profit margin for the consolidated fiscal year was negative because of the challenging operating environment. The ordinary profit margin was negative 2.5%, down 0.9% from the previous fiscal year. The equity ratio for the consolidated fiscal year was 14.7%, down 2.8% from the previous fiscal year because retained earnings declined.」
Against management targets of a 5% ordinary profit margin and a 50% equity ratio, actual results were negative 2.5% and 14.7%, respectively, with both deteriorating from the previous fiscal year. - FY2025-H1WorsenedAnnual report
「Equity ratio (%) 16.9 16.4 17.5」
The equity ratio was 16.4% for the current interim consolidated period, below 16.9% for the previous interim consolidated period and 17.5% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2024Lower ordinary profit margin, higher equity ratioAnnual report
「The Group emphasizes stable and sustained growth, positioning the ordinary profit margin and equity ratio as important management indicators and setting targets of a 5% ordinary profit margin and a 50% equity ratio. It will continue working to improve them. The ordinary profit margin for the consolidated fiscal year was negative because of the challenging operating environment. The ordinary profit margin was negative 1.6%, down 0.2% from the previous fiscal year. The equity ratio for the consolidated fiscal year was 17.5%, up 1.3% from the previous fiscal year because retained earnings increased.」
The ordinary profit margin was negative 1.6%, below the 5% target, while the equity ratio rose 1.3 percentage points to 17.5%. Both remain below their respective targets. - FY2024-Q3Down year on year, up from the fiscal year-endAnnual report
「Equity ratio (%) 22.8 17.0 16.2」
The equity ratio was 17.0%, below 22.8% in the same quarter of the previous year but above 16.2% at the end of the previous consolidated fiscal year. The gap from the 50% target remains substantial. - FY2024-Q2RestatedAnnual report
「Equity ratio (%) 22.8 16.9 16.2」
The equity ratio was 16.9%, below 22.8% in the same quarter of the previous year but above 16.2% at the end of the previous consolidated fiscal year. The gap from the 50% target remains substantial. - FY2024-Q1Down year on year, up from the fiscal year-endAnnual report
「Equity ratio (%) 23.0 16.4 16.2」
The equity ratio was 16.4%, below 23.0% in the same period of the previous year but slightly above 16.2% at the end of the previous consolidated fiscal year. The gap from the 50% target remains substantial. - FY2023-Q3WorsenedAnnual report
「Equity ratio (%) 25.9 21.4 23.9」
The equity ratio was 21.4%, below both 25.9% in the same quarter of the previous year and 23.9% at the end of the previous consolidated fiscal year. The gap from the 50% target widened further. - FY2023-Q2WorsenedAnnual report
「Equity ratio (%) 26.4 22.8 23.9」
The equity ratio was 22.8%, below both 26.4% in the same quarter of the previous year and 23.9% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2023-Q1WorsenedAnnual report
「Equity ratio (%) 26.2 23.0 23.9」
The equity ratio was 23.0% in the first quarter, below both 26.2% in the same quarter of the previous year and 23.9% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2022WorsenedAnnual report
「The ordinary profit margin for the consolidated fiscal year was negative because of the challenging operating environment. The ordinary profit margin was negative 1.3%, down 0.6% from the previous fiscal year.」
Against the 5% management target, the ordinary profit margin was negative 1.3%, down a further 0.6 percentage points from the previous fiscal year. The equity ratio was also 23.9%, widening the gap from the 50% target. - FY2022-Q3Higher year on year, lower than at fiscal year-endAnnual report
「Equity ratio (%) 25.7 25.9 27.4」
The equity ratio was 25.9%, above 25.7% in the same quarter of the previous year but below 27.4% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2022-Q2WorsenedAnnual report
「Equity ratio (%) 27.5 26.4 27.4」
The equity ratio was 26.4%, below both 27.5% in the same quarter of the previous year and 27.4% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2022-Q1WorsenedAnnual report
「Equity ratio (%) 26.4 26.2 27.4」
The equity ratio was 26.2% in the first quarter, below 26.4% in the same quarter of the previous year and 27.4% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2021-Q3WorsenedAnnual report
「Equity ratio (%) 28.2 25.7 26.7」
The equity ratio was 25.7%, below 28.2% in the same quarter of the previous year and also below 26.7% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2021-Q2Down year on year, up from the fiscal year-endAnnual report
「Equity ratio (%) 29.2 27.5 26.7」
The equity ratio was 27.5%, below 29.2% in the same quarter of the previous year but above 26.7% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2021-Q1WorsenedAnnual report
「Equity ratio (%) 31.1 26.4 26.7」
The equity ratio was 26.4% in the first quarter, below 31.1% in the same quarter of the previous year and 26.7% at the end of the previous consolidated fiscal year. The gap from the 50% target remains. - FY2020-Q3WorsenedAnnual report
「Equity ratio (%) 32.7 28.2 33.2」
The equity ratio was 28.2%, below 32.7% in the same quarter of the previous year and 33.2% at the end of the previous consolidated fiscal year. The gap from the 50% target also remains. - FY2020-Q2WorsenedAnnual report
「Equity ratio (%) 37.6 29.2 33.2」
The equity ratio was 29.2%, below both 37.6% in the same quarter of the previous year and 33.2% at the end of the previous consolidated fiscal year. The gap from the 50% management target also remains. - FY2020-Q1WorsenedAnnual report
「Equity ratio (%) 37.3 31.1 33.2」
The equity ratio declined from 37.3% in the same quarter of the previous year to 31.1%, below the 33.2% at the end of the previous consolidated fiscal year. - FY2019WorsenedAnnual report
「The ordinary profit margin for the consolidated fiscal year was below the previous fiscal year because ordinary profit declined, despite a management target of 5%. The equity ratio for the consolidated fiscal year was also below the previous fiscal year, declining 5.1% because of decreases in net assets, including the valuation difference on available-for-sale securities and retained earnings, despite a management target of 50%.」
The ordinary profit margin was negative 0.4%, against the 5% target, while the equity ratio was 33.2%, against the 50% target, down 5.1 percentage points from the previous fiscal year. - FY2018ReframedAnnual report
「Regarding our target management indicators, we will seek to enhance capital efficiency by targeting an ordinary profit margin of 5% and an equity ratio of 50% and aiming for further improvement from current levels in order to maximize shareholder value.」
The previous wording calling for improvement in the operating margin, ordinary profit margin and ROE has been organized into explicit targets of a 5% ordinary profit margin and a 50% equity ratio. Actual results were an ordinary profit margin of 0.9% and an equity ratio of 38.2%. - FY2017First statedAnnual report
「To enhance capital efficiency and maximize shareholder value, we aim to further improve our operating margin, ordinary profit margin and return on equity (ROE) from their current levels.」
To maximize shareholder value, the company has for the first time explicitly stated a goal of improving its operating margin, ordinary profit margin and ROE from their current levels as management indicators.