ROE-Based Management with a Focus on the Cost of Capital
First written in FY2024. 3 of 5 entries say "Raised", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「From the perspective of cost-of-capital management, the company has made achieving ROE of at least 8.0% and establishing a PBR above 1x its management commitments during the medium-term plan period. The ROE target for the final year of the plan is 6.9%, and the company has prepared a roadmap aimed at achieving ROE of at least 8.0% once all plants are operating at full capacity, during the phase in which net sales reach ¥10 billion.」
The company changed the ROE target from its previous medium-term plan to 6.9% under the new plan, while adding a management commitment and roadmap targeting ROE of at least 8.0% and a PBR above 1x once all plants are operating at full capacity. - FY2025RaisedAnnual report
「As a target in the Medium-Term Management Plan 2027, the company newly established return on equity (ROE), in addition to the operating margin used in its previous medium-term management plans, to implement management focused on the cost of capital.」
The ROE targets were raised from 5.3% and 5.6% for the fiscal years ending February 2026 and February 2027, respectively, to 7.6% and 7.5%. Actual ROE for the fiscal year ended February 2025 was 8.9%. - FY2024First statedAnnual report
「As a key numerical target in the Medium-Term Management Plan 2027, the company newly established return on equity (ROE), in addition to the operating margin used previously, to implement management focused on the cost of capital.」
In addition to the existing targets for net sales, operating income and operating margin, the company newly established ROE as a management indicator focused on the cost of capital, setting targets of 5.1% for the fiscal year ending February 2025, 5.3% for the fiscal year ending February 2026 and 5.6% for the fiscal year ending February 2027.