Improving Capital Efficiency with ROE as the Target Metric
First written in FY2016. 4 of 12 entries say "Achieved", first in FY2017. Latest entry: FY2026.
Kikkoman 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 2020: 25 of 113 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- FY2026ROE target missedAnnual report
「Profit attributable to owners of the parent on equity (%) 12.3 11.5」
Profit attributable to owners of the parent on equity was 11.5%, below the medium-term plan target of ROE of 12% or higher for fiscal 2025–2027. - 2026-04-24WorsenedEarnings
「2026年３月期 11.5」
親会社所有者帰属持分当期利益率は前期の12.3％から11.5％へ低下し、中期経営計画のROE目標12％を下回った。 - FY2025AchievedAnnual report
「・ROE of 12% or higher」
Against the ROE target of 12% or higher under the medium-term plan for fiscal 2025–2027, profit attributable to owners of the parent on equity was 12.3% for the fiscal year ended March 2025, exceeding the target level. - FY2024AchievedAnnual report
「Profit attributable to owners of the parent on equity (%) 10.0 10.7 11.7 11.4 12.5」
Against the medium-term management plan's ROE target of 11% or higher for fiscal 2024, profit attributable to owners of the parent on equity was 12.5%, exceeding the target level. - FY2023ROE exceeded the target but declined from the previous fiscal yearAnnual report
「We will also work to improve ROE by prioritizing profit-margin improvement and raising asset and capital efficiency.」
ROE was 11.4%, exceeding the medium-term plan target of 11% or higher, but declining from 11.7% in the previous fiscal year. The policy of improving ROE through higher profit margins, asset efficiency and capital efficiency was reaffirmed. - FY2022AdvancedAnnual report
「Profit attributable to owners of the parent on equity (%) － 10.0 10.7 11.7」
Profit attributable to owners of the parent on equity was 11.7%, up from 10.7% in the previous fiscal year. - FY2021AchievedAnnual report
「Profit attributable to owners of the parent on equity (%) － 10.0 10.7」
Against the fiscal 2020 plan target of ROE of 10% or higher, return on equity under Japanese GAAP was 10.0%, while profit attributable to owners of the parent on equity under IFRS was 10.7%, reaching the 10% or higher level. - FY2020ROE of 9.9%, below the plan target of 10% or higherAnnual report
「ROE was 9.9%, compared with the fiscal 2020 plan target of 10% or higher, for the fiscal year ended March 2020, the second year of the plan.」
ROE declined from 10.1% in the previous fiscal year to 9.9%, falling below the fiscal 2020 plan target of 10% or higher. - FY2019AdvancedAnnual report
「ROE increased from 9.8% to 10.1%, exceeding the target for the first year of the fiscal 2020 plan, despite the target of 10% or higher for the fiscal year ended March 2019.」
ROE was 10.1%, exceeding the first-year target of 10% or higher under the fiscal 2020 plan. The policy of improving ROE through higher profit margins, asset efficiency and capital efficiency also continued. - FY2018RaisedAnnual report
「The consolidated performance targets for fiscal 2020 were revenue of ¥500,000 million, operating income of ¥45,000 million and ROE of 10% or higher. We will also work to improve ROE by prioritizing profit-margin improvement and raising asset and capital efficiency.」
After achieving the ROE target of 9% or higher for fiscal 2017, the new medium-term plan raised the ROE target for fiscal 2020 to 10% or higher and identified improvements in profit margins, asset efficiency and capital efficiency as the means to achieve it. - FY2017AchievedAnnual report
「Return on equity (%) 10.3」
Against the medium-term plan's ROE target of 9% or higher, return on equity for the fiscal year was 10.3%. - FY2016First statedAnnual report
「Along with improving profit margins and asset efficiency, raising capital efficiency is also an important management priority, and ROE is used as the target metric.」
ROE was set as the target metric, with improvements in profit margins, asset efficiency and capital efficiency identified as priorities.