ROA, ordinary profit margin and total asset turnover targets
First written in FY2018. 15 of 28 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Interim decline in the ordinary profit marginAnnual report
「Ordinary profit decreased by ¥151 million from the previous interim accounting period to ¥5,754 million, down 2.6% year on year. The ratio of ordinary profit to net sales decreased by 0.5 percentage points from the previous interim accounting period to 5.0%.」
The ordinary profit margin declined from 5.5% in the same period of the previous year to 5.0%. It was at the upper end of the 4–5% target range stated for FY2024. - FY2026Decline in ROE and new high for the ordinary profit marginAnnual report
「ROE for the fiscal year was 12.2%, compared with 13.5% in the previous fiscal year. While continuing to open new stores, we will pursue improvements in 24-hour operations, operations generally, product development, productivity, logistics and store development, and aim to achieve ROE of at least 10%.」
ROE declined from 13.5% in the previous fiscal year to 12.2%, but remained above the target of at least 10%. The policy of pursuing the target through new store openings, product development, productivity, logistics and store development, among other measures, was restated. - 2026-05-01RestatedGeneral Meetings of Shareholders
「We will continue efforts to develop open-mall neighborhood shopping centers combining stores from other industries and to secure the best locations within our commercial areas, creating convenient retail clusters.」
NSC化と商圏内の適地確保を継続する方針を記載した。 - FY2026-H1Interim update and decline in the ordinary profit marginAnnual report
「Ordinary profit increased by ¥146 million from the previous interim accounting period to ¥5,905 million, up 2.5% year on year. The ratio of ordinary profit to net sales declined by 0.3 percentage points from the previous interim accounting period to 5.4%.」
The ordinary profit margin declined from 5.7% in the same period of the previous year to 5.4%, but the result remained above the upper end of the 4–5% target range stated for FY2024. - FY2025New ROE high and continued outperformance of targetAnnual report
「ROE for the fiscal year was 13.5%, compared with 14.7% in the previous fiscal year.」
ROE declined from 14.7% in the previous fiscal year to 13.5%, but remained above the target of at least 10%. - FY2025-H1AdvancedAnnual report
「Ordinary profit increased by ¥720 million from the previous interim accounting period to ¥5,759 million, up 14.3% year on year. The ratio of ordinary profit to net sales increased by 0.3 percentage points from the previous interim accounting period to 5.7%.」
The ordinary profit margin for the interim accounting period was 5.7%, exceeding the 4–5% target range stated for FY2024. - FY2025-Q1AdvancedAnnual report
「Ordinary profit increased by ¥502 million from the same quarter of the previous year to ¥2,952 million, up 20.5% year on year. The ratio of ordinary profit to net sales increased by 0.6 percentage points from the same quarter of the previous year to 6.1%.」
The ordinary profit margin was 6.1%, and the quarterly result exceeded the 4–5% target range stated for FY2024. - FY2024ReframedAnnual report
「Our principal management indicator is return on equity (ROE), for which our target is at least 10%. To achieve this target, we aim to improve the ordinary profit margin while maintaining operating revenue growth of 5–10%. For new store development, we will consider individual investment conditions and sales forecasts and develop stores that meet our internal return on investment (ROI) standards. For the ordinary profit margin, we are pursuing the development of high-margin products, reforms to our information and logistics systems, and fixed-cost reductions, with a target of 4–5%.」
The indicator framework was changed from one centered on ROA of at least 10% and total asset turnover of 2.5 times to one centered on ROE of at least 10%, operating revenue growth of 5–10%, ROI standards and an ordinary profit margin of 4–5%. - FY2024-Q3AdvancedAnnual report
「Ordinary profit increased by ¥1,132 million from the same quarter of the previous year to ¥7,757 million, up 17.1% year on year. The ratio of ordinary profit to net sales increased by 0.20 percentage points from the same quarter of the previous year to 5.52%.」
The ordinary profit margin was 5.52%, up from 5.25% in the previous quarter. The result exceeded the 4.0–5.0% target range stated for FY2023. - FY2024-Q2AdvancedAnnual report
「Ordinary profit increased by ¥700 million from the same quarter of the previous year to ¥5,039 million, up 16.1% year on year. The ratio of ordinary profit to net sales increased by 0.18 percentage points from the same quarter of the previous year to 5.43%.」
The ordinary profit margin was 5.43%, up from 5.25% in the same period of the previous year. The result exceeded the previously stated target range of 4.0–5.0%. - FY2024-Q1AdvancedAnnual report
「The ratio of ordinary profit to net sales increased by 0.1 percentage points from the same quarter of the previous year to 5.5%.」
The ordinary profit margin was 5.5%, up 0.1 percentage points year on year. The result exceeded the previously stated target range of 4.0–5.0%. - FY2023SoftenedAnnual report
「For the ordinary profit margin, we are pursuing the development of high-margin products, reforms to our information and logistics systems, and fixed-cost reductions, with a target of 4.0–5.0%. For total asset turnover, we use a target land-acquisition mix of 5 leased properties to 1 owned property and primarily enter into fixed-term business land lease agreements, thereby limiting capital investment associated with new store openings and targeting total asset turnover of 2–2.5 times. Through these initiatives, we aim to achieve a return on assets based on ordinary profit of at least 10% while making effective use of our assets and maintaining a high ordinary profit margin by industry standards.」
The target ordinary profit margin was changed from at least 4.0% to a range of 4.0–5.0%, and the target for total asset turnover from 2.5 times to a range of 2–2.5 times. The target ROA of at least 10% was maintained. - FY2023-Q3AdvancedAnnual report
「Ordinary profit increased by ¥531 million from the same quarter of the previous year to ¥6,625 million, up 8.7% year on year. The ratio of ordinary profit to net sales increased by 0.17 percentage points from the same quarter of the previous year to 5.33%.」
The ordinary profit margin rose from 5.16% in the previous quarter to 5.33%, remaining above the target of at least 4.0%. - FY2023-Q2AdvancedAnnual report
「Ordinary profit increased by ¥315 million from the same quarter of the previous year to ¥4,338 million, up 7.9% year on year. The ordinary profit margin on net sales increased by 0.15 percentage points from the same quarter of the previous year to 5.25%.」
The ordinary profit margin was 5.25%, up from 5.20% in the previous quarter. It remained above the target level of at least 4.0% set in FY2018. - FY2023-Q1AdvancedAnnual report
「Ordinary profit increased by ¥186 million from the same quarter of the previous year to ¥2,170 million, up 9.4% year on year. The ordinary profit margin on net sales increased by 0.17 percentage points from the same quarter of the previous year to 5.38%.」
The ordinary profit margin was 5.38%, remaining above the target of at least 4.0%. - FY2022AdvancedAnnual report
「Actual ROA for the current fiscal year was 9.8% (9.0% in the previous fiscal year). This comprised an ordinary profit margin on net sales of 5.5% (5.1% in the previous fiscal year) and total asset turnover of 1.7 times (1.7 times in the previous fiscal year).」
ROA rose from 9.0% to 9.8%, narrowing the gap with the target of at least 10%. The ordinary profit margin was 5.5%, above the target of at least 4.0%, while total asset turnover remained below the target of 2.5 times. - FY2022-Q3AdvancedAnnual report
「Ordinary profit increased by ¥635 million from the same quarter of the previous year to ¥6,093 million, up 11.6% year on year. The ordinary profit margin on net sales increased by 0.24 percentage points from the same quarter of the previous year to 5.16%.」
The ordinary profit margin was 5.16%, a new high from 5.10% in the previous quarter. It remained above the target level of at least 4.0% set in FY2018. - FY2022-Q2New high for the ordinary profit marginAnnual report
「The ratio of ordinary profit to net sales declined by 0.06 percentage points from the same quarter of the previous year to 5.10%.」
The ordinary profit margin was 5.10%, down 0.06 percentage points year on year. It nevertheless remained above the target level of at least 4.0% set in FY2018. - FY2022-Q1AdvancedAnnual report
「Ordinary profit increased by ¥76 million from the same quarter of the previous year to ¥1,984 million, up 4.0% year on year. The ordinary profit margin on net sales increased by 0.08 percentage points from the same quarter of the previous year to 5.20%.」
The ordinary profit margin was 5.20%, exceeding the target level of at least 4.0% set in FY2018. It also increased from 5.13% in the previous quarter. - FY2021AdvancedAnnual report
「Actual ROA for the current fiscal year was 9.0% (7.5% in the previous fiscal year). This comprised an ordinary profit margin on net sales of 5.1% (4.0% in the previous fiscal year) and total asset turnover of 1.7 times (1.7 times in the previous fiscal year).」
ROA rose from 7.5% in the previous fiscal year to 9.0%, narrowing the gap with the target of at least 10%. The ordinary profit margin was 5.1%, above the target of at least 4.0%, while total asset turnover was 1.7 times against the target of 2.5 times. - FY2021-Q3AdvancedAnnual report
「Ordinary profit increased by ¥1,848 million from the same quarter of the previous year to ¥5,458 million, up 51.2% year on year. The ordinary profit margin on net sales increased by 1.19 percentage points from the same quarter of the previous year to 4.92%.」
The ordinary profit margin was 4.92%, exceeding the target level of at least 4.0% set in FY2018. It was also up 1.19 percentage points year on year. - FY2021-Q2AdvancedAnnual report
「Ordinary profit increased by ¥1,393 million from the same quarter of the previous year to ¥3,864 million, up 56.4% year on year. The ordinary profit margin on net sales increased by 1.3 percentage points from the same quarter of the previous year to 5.2%.」
The ordinary profit margin was 5.2%, up 1.3 percentage points year on year. The second-quarter result exceeded the target level of at least 4.0% set in FY2018. - FY2021-Q1AdvancedAnnual report
「Ordinary profit increased by ¥824 million from the same quarter of the previous year to ¥1,907 million, up 76.1% year on year. The ratio of ordinary profit to net sales increased by 1.6 percentage points from the same quarter of the previous year to 5.13%.」
The ordinary profit margin was 5.13%, up 1.6 percentage points year on year. The quarterly result exceeded the target level of at least 4.0% set in FY2018. - FY2020ROA below target and disclosure of growth measuresAnnual report
「ROA for the fiscal year was 7.5%, compared with 7.9% in the previous fiscal year. This comprised an ordinary profit margin of 4.0%, compared with 4.0% in the previous fiscal year, and total asset turnover of 1.9 times, compared with 2.0 times.」
ROA declined from 7.9% in the previous fiscal year to 7.5%, below the target of at least 10%. The ordinary profit margin reached the target level at 4.0%, while total asset turnover was 1.9 times against the target of 2.5 times. The company also stated that it aims to achieve ROA of 10% through annual operating revenue growth of 5–10%. - FY2020-Q3Decline in the ordinary profit marginAnnual report
「The ratio of ordinary profit to net sales declined by 0.26 percentage points from the same quarter of the previous year to 3.73%.」
The ordinary profit margin was 3.73%, down 0.26 percentage points from the same quarter of the previous year. Results below the target of at least 4.0% set in FY2018 continue to be disclosed. - FY2020-Q2Disclosure of the ordinary profit marginAnnual report
「The ordinary profit margin on net sales declined by 0.3 percentage points from the same quarter of the previous year to 3.82%.」
The ordinary profit margin was 3.82%, down 0.3 percentage points from the same quarter of the previous year. The result was additionally disclosed in connection with the target of at least 4.0% set in FY2018. - FY2020-Q1Decline in the ordinary profit marginAnnual report
「The ratio of ordinary profit to net sales declined by 0.5 percentage points from the same quarter of the previous year to 3.44%.」
In connection with the target ordinary profit margin, the filing disclosed a first-quarter result of 3.44%, down 0.5 percentage points year on year. This filing does not itself compare the result with the target of at least 4.0%. - FY2018First statedAnnual report
「For the ordinary profit margin, we are pursuing the development of high-margin products, reforms to our information and logistics systems, and fixed-cost reductions, with a target ordinary profit margin of at least 4.0%. For total asset turnover, we use a target land-acquisition mix of 5 leased properties to 1 owned property and primarily enter into fixed-term business land lease agreements, thereby limiting capital investment associated with new store openings and targeting total asset turnover of 2.5 times. Through these initiatives, we aim to achieve a return on assets based on ordinary profit of at least 10% while making effective use of our assets and maintaining a high ordinary profit margin by industry standards.」
The management targets were first presented together as an ordinary profit margin of at least 4.0%, total asset turnover of 2.5 times and a return on assets based on ordinary profit of at least 10%. The means of achieving them are high-margin products, reforms to the information and logistics systems, fixed-cost reductions and predominantly leased land.