ROIC-Based Management and Business Portfolio Management
First written in FY2022. 4 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 3 of 12 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「ROIC (%) 2.67, 4.40, 5.08, 4.58, 7.62 WACC (%) 3.91, 3.65, 3.62, 3.85, 4.05」
ROIC was 7.62% and WACC was 4.05% in the current fiscal year, with ROIC exceeding WACC. The Company continues its policy of using ROIC to optimize the business portfolio, investment and the allocation of management resources. - FY2026-H1RestatedAnnual report
「Business expansion focused on reviewing businesses with ROIC in mind, growth investment, GHG (greenhouse gas) reductions and the development of products that address social issues」
The Company continues under SHINE2027 the policy introduced in SHINE2024 of reviewing businesses with ROIC in mind and prioritizing investment efficiency, linking it with growth investment. - FY2024AdvancedAnnual report
「ROIC (%) book-value basis 5.08, WACC (%) book-value basis 4.36, ROIC (%) market-value basis 5.52, WACC (%) market-value basis 4.04」
The Company calculated ROIC for the Company as a whole on both a book-value and market-value basis. In the current fiscal year, ROIC exceeded WACC on both bases. The Company has clarified its policy of using ROIC as a key indicator to optimize the business portfolio, investment and the allocation of management resources. - FY2024-Q3RestatedAnnual report
「Against this backdrop, the Group is actively pursuing business expansion focused on ROIC-based management, GHG (greenhouse gas) reduction and the development of products that address social issues under the medium-term management plan "SHINE2024," launched in the previous fiscal year, while strengthening its internal structure and aiming for sustainable business growth.」
The Company continues its ROIC-based management under SHINE2024, emphasizing efficiency in investment and the allocation of management resources for business expansion and strengthening its internal structure. - FY2023AdvancedAnnual report
「Because the capital used differs by business, it is not necessarily appropriate to apply the operating margin described above uniformly as a target for each business. Accordingly, under the medium-term management plan SHINE2024, which ends in the fiscal year ending March 2025, the Company calculates ROIC for the Company as a whole and for each business and monitors it as a key management indicator. Based on this, we will manage the business portfolio and work to optimize investment and the allocation of management resources.」
The Company has established ROIC for the Company as a whole and for each business as a key management indicator and clarified its policy of using it for the business portfolio and the allocation of investment and management resources. For the fiscal year ended March 2023, book-value ROIC was 4.40%, book-value WACC was 4.39%, market-value ROIC was 5.61% and market-value WACC was 3.39%. - FY2023-Q1RestatedAnnual report
「Viewing the major changes in society following the COVID-19 pandemic as an opportunity, the Group aims for sustainable business growth by responding quickly and appropriately while pursuing investment efficiency.」
As an execution policy under the new medium-term management plan, the Company has reaffirmed its aim of achieving sustainable growth while pursuing investment efficiency. - FY2022First statedAnnual report
「Based on this, we will manage the business portfolio and work to optimize investment and the allocation of management resources.」
Under the new medium-term management plan, the Company for the first time set out a policy of calculating ROIC for the Company as a whole and for each business, and managing the business portfolio, investment and allocation of management resources based on ROIC.