Improving Asset Efficiency
First written in FY2017-Q1. 10 of 20 entries say "Restated". Latest entry: 2026-07-15.
The whole theme swung hardest in 2023: 6 of 40 companies on the "Worse" side.
7 other companies' latest entry also says "First stated".
- FY2025AdvancedAnnual report
「For new investment projects, the Company continues to make investment decisions using ROIC as an indicator. (Target: 8%; minimum: 5% or higher)」
Capital-efficiency measures were expanded beyond ROE to include ROIC, with an investment decision target of 8% and a minimum threshold of 5% or higher. The Company also continues to review unprofitable businesses and low-profitability real estate. - FY2023RaisedAnnual report
「ROE has remained around 7%, and exceeded 8% in fiscal 2021. The Company will work to further improve capital efficiency and establish a management structure capable of achieving ROE of 8% or higher on a sustained basis.」
The ROE target was raised from the previous level of around 7% to a target of continuously achieving ROE of 8% or higher. The Company is also proceeding with the sale of cross-shareholdings, the redevelopment and divestiture of low-profitability real estate, and business exits and separations. - FY2021AdvancedAnnual report
「・In the manufacturing business, the Company worked to reduce inventories and made capital investments aimed at simplifying production processes. ・In the development business, the Company is carrying out and further considering the redevelopment and further redevelopment of existing and idle facilities. ・The Company has thoroughly selected its businesses and promoted exits from and separations of inefficient businesses.」
Measures to improve capital efficiency have moved into the execution phase, including inventory reduction, production-process simplification, facility redevelopment, and exits from and separations of inefficient businesses. - FY2021-Q3RestatedAnnual report
「As the first year of the RN130 Second Medium-Term Management Plan (fiscal 2021–2023), formulated to give concrete form to the RN130 Vision, the Group is advancing medium- to long-term strategies such as expanding its overseas business and improving capital efficiency, while managing operations with close attention to the impact of the spread of COVID-19.」
Improvement in capital efficiency continues to be promoted as a medium- to long-term strategy in the first year of the RN130 Second Medium-Term Management Plan. - FY2021-Q1RestatedAnnual report
「As the first year of the RN130 Second Medium-Term Management Plan (fiscal 2021–2023), formulated to give concrete form to the RN130 Vision, the Group is advancing medium- to long-term strategies such as expanding its overseas business and improving capital efficiency, while managing operations with close attention to the impact of the spread of COVID-19.」
Improvement in capital efficiency continues to be promoted as a medium- to long-term strategy in the first year of the RN130 Second Medium-Term Management Plan. - FY2020AdvancedAnnual report
「(iii) Improving capital efficiency ・Redevelopment and further redevelopment, or divestiture, of low-profitability real estate ・Thoroughly selecting businesses and promoting exits and divestitures」
Measures to improve capital efficiency were made specific as the redevelopment and divestiture of low-profitability real estate, and business exits and divestitures. In addition, ROE reached 7.7% for the fiscal year. - FY2020-Q1Cited as achievedAnnual report
「During the consolidated fiscal year, the final year of the “Nikke Group RN130 First Medium-Term Management Plan,” positioned as Phase 1 for realizing the vision, the Company worked to strengthen earnings from existing businesses while laying the groundwork for future growth. As a result, it achieved the final-year plan targets of “consolidated net sales of ¥120 billion or more, consolidated operating income of ¥9 billion or more and ROE of 7% or higher,” while setting new record highs for net sales and profit, and operating income increased for the 10th consecutive period.」
The Company reiterated as past performance its achievement of the First Medium-Term Management Plan targets, including ROE of 7% or higher as an asset-efficiency indicator. - FY2019AchievedAnnual report
「During the consolidated fiscal year, the final year of the “Nikke Group RN130 First Medium-Term Management Plan,” positioned as Phase 1 for realizing the vision, the Company worked to strengthen earnings from existing businesses while laying the groundwork for future growth. As a result, it achieved the final-year plan targets of “consolidated net sales of ¥120 billion or more, consolidated operating income of ¥9 billion or more and ROE of 7% or higher,” while setting new record highs for net sales and profit, and operating income increased for the 10th consecutive period.」
The Company achieved the ROE target of 7% or higher set as an asset-efficiency indicator, with ROE reaching 7.2% for the fiscal year. - FY2019-Q3RestatedAnnual report
「For the current consolidated fiscal year, the final year of this medium-term management plan, the Group is targeting consolidated net sales of at least ¥120.0 billion, consolidated operating income of at least ¥9.0 billion and ROE of at least 7%.」
The medium-term management plan targets for the fiscal year ending November 2019, including ROE of 7% or higher as an asset-efficiency measure, continue to be presented. - FY2019-Q2RestatedAnnual report
「For the fiscal year ending November 2019, the final year of this medium-term management plan, the Group is targeting consolidated net sales of at least ¥120.0 billion, consolidated operating income of at least ¥9.0 billion and ROE of at least 7%.」
The medium-term management plan targets for the fiscal year ending November 2019, including ROE of 7% or higher as an asset-efficiency measure, continue to be presented. - FY2019-Q1RestatedAnnual report
「For the fiscal year ending November 2019, the final year of this medium-term management plan, the Group is targeting consolidated net sales of at least ¥120.0 billion, consolidated operating income of at least ¥9.0 billion and ROE of at least 7%.」
The medium-term management plan targets for the fiscal year ending November 2019, including ROE of 7% or higher as a capital-efficiency measure, continue to be presented. - FY2018RestatedAnnual report
「ROE for the consolidated fiscal year was 6.0%, down 0.2 percentage points from the previous consolidated fiscal year. The Company’s medium-term management plan, the “Nikke Group RN (Renewal Nikke) 130 First Medium-Term Management Plan,” announced on 11 November 2016, sets targets for the final year, fiscal 2019, of consolidated net sales of ¥120 billion, consolidated operating income of ¥9 billion and ROE of 7% or higher.」
ROE was 6.0%, down 0.2 percentage points from the previous fiscal year, but the medium-term plan targets, including ROE of 7% or higher for fiscal 2019, were maintained. - FY2018-Q3RestatedAnnual report
「The RN130 First Medium-Term Management Plan sets numerical targets of consolidated net sales of ¥120.0 billion or more and consolidated operating profit of ¥9.0 billion or more for the fiscal year ending November 2019, and aims for ROE of 7% or more.」
The numerical target of ROE of 7% or higher for the fiscal year ended November 2019, relating to improved capital efficiency, continues to be presented. - FY2018-Q2RestatedAnnual report
「At the same time, in reviewing the NN120 Vision, the Company recognized the following challenges: ① developing growth businesses for the future, ② strengthening and expanding overseas operations, ③ improving capital efficiency by reviewing low-profitability businesses, ④ continuously improving ROE, ⑤ strengthening “synergies” and “collaboration” among Group companies as the scope of operations expands, and ⑥ securing human resources to support the expanded scope of operations. Based on these challenges, the Company formulated the “RN (Renewal Nikke) 130 Vision,” under which it has reconstructed the Nikke Group’s direction, corporate profile and management strategies for the next 10 years, with the aim of enhancing corporate value over the medium to long term. Under the “Nikke Group RN130 First Medium-Term Management Plan,” the numerical targets are consolidated net sales of ¥120 billion or more and consolidated operating income of ¥9 billion or more for the fiscal year ending November 2019, with a target ROE of 7% or higher.」
Improvement in capital efficiency was reiterated as a challenge to be addressed through the review of low-profitability businesses and continued improvement in ROE, and the numerical target of ROE of 7% or higher for the fiscal year ended November 2019 was also reaffirmed. - FY2018-Q1RaisedAnnual report
「The RN130 First Medium-Term Management Plan sets numerical targets of consolidated net sales of ¥120.0 billion or more and consolidated operating profit of ¥9.0 billion or more for the fiscal year ending November 2019, and aims for ROE of 7% or more.」
A numerical target of ROE of 7% or higher for the fiscal year ended November 2019 was explicitly identified for the first time as a specific indicator of improved asset efficiency. - FY2017-Q3RestatedAnnual report
「Against this backdrop, during the first year of the Nikke Group RN130 First Medium-Term Management Plan, we pursued four basic strategies: (1) allocating resources preferentially to growth and new businesses, (2) expanding overseas business, (3) improving asset efficiency, and (4) creating synergies through restructuring within business divisions.」
Improvement in asset efficiency continues to be presented as a core strategy of the RN130 First Medium-Term Management Plan. - FY2017-Q2RestatedAnnual report
「Against this backdrop, in the first year of the Nikke Group RN130 First Medium-Term Management Plan, our Group is pursuing four basic strategies: (1) prioritizing the allocation of resources to growth and new businesses, (2) expanding overseas business, (3) improving asset efficiency, and (4) creating synergies through reorganization within business divisions.」
Improvement in asset efficiency continues to be presented as a core strategy of the RN130 First Medium-Term Management Plan. - FY2017-Q1First statedAnnual report
「The Group regards the first year of the Nikke Group RN130 First Medium-Term Management Plan, Phase 1 for realizing the Nikke Group RN (Renewal Nikke) 130 Vision, as an important year in which to set out toward the desired state of the Group 10 years from now. It is pursuing four basic strategies: (1) allocating resources preferentially to growth and new businesses, (2) expanding overseas business, (3) improving asset efficiency, and (4) creating synergies through reorganization within business divisions.」
Improvement in asset efficiency was explicitly identified for the first time as a core strategy of the RN130 First Medium-Term Management Plan.