Corporate management with ROE as a key metric
First written in FY2018. 1 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
46 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The corporate group is working to strengthen its corporate foundation and build a highly profitable business structure. As a result, it is pursuing a management objective of consistently achieving ROE (return on equity) of 12%. ROE increased by 10.7 percentage points year on year to 19.4%.」
While the target of consistently achieving ROE of 12% remains in place, actual ROE improved by 10.7 percentage points from 8.7% in the previous fiscal year to 19.4%, exceeding the target. However, the company does not state that consistent achievement has been completed. - FY2022ROE improved but remained below the 12% targetAnnual report
「ROE increased by 8.1 percentage points year on year, but remained at 8.7%.」
ROE improved from 0.6% in the previous fiscal year to 8.7%, but remained below the target of consistently achieving 12%. - FY2021ROE performance fell below the quantitative targetAnnual report
「ROE decreased by 15.3 percentage points to 0.6%.」
The target of consistently achieving ROE of 12% remains in place, but actual ROE declined from 15.9% in the previous fiscal year to 0.6%, falling below the target. - FY2020ROE target quantifiedAnnual report
「The corporate group is working to strengthen its corporate foundation and build a highly profitable business structure. As a result, it is pursuing a management objective of consistently achieving ROE (return on equity) of 12%.」
The company has moved from its previous expression of focusing on ROE to explicitly stating a quantitative target of consistently achieving ROE of 12%. ROE was 15.9% in the current fiscal year, but the company does not state that consistent achievement has been completed. - FY2019RestatedAnnual report
「The Group is working to strengthen its corporate foundation and establish a highly profitable business structure, while managing the company with ROE (return on equity) as a key metric.」
Strengthening the corporate foundation, building a highly profitable business structure and focusing on ROE are reiterated as management indicators and policies, but no ROE target or deadline is provided. - FY2018First statedAnnual report
「The Group is working to strengthen its corporate foundation and establish a highly profitable business structure, while managing the company with ROE (return on equity) as a key metric.」
ROE is explicitly identified as an important management indicator, but no specific target or deadline is provided.