ROE 8% target through the mid-2020s
First written in FY2021. 1 of 3 entries say "Reframed", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2021: 29 of 112 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2024AchievedAnnual report
「ROE improved to 9.6% for the fiscal year ended March 2024, and is planned to be 9.0% for the fiscal year ending March 2025.」
Against the fiscal 2025 ROE target of 9%, actual ROE for the fiscal year ended March 2024 was 9.6%. - FY2022ReframedAnnual report
「For fiscal 2025, we aim to achieve ROE of 9%, ROA of 4%, and EPS of ¥90 or higher as efficiency indicators; operating profit of ¥120 billion and net income of ¥65 billion as profit targets; and a D/E ratio of 2.2x or lower and an EBITDA multiple of 10x or lower as financial soundness targets.」
The previous target of ROE of 8% by the mid-2020s was restructured into multiple fiscal 2025 financial indicators under Medium-Term Management Plan 2025, including ROE of 9%. - FY2021First statedAnnual report
「Taking the cost of equity into consideration, we believe that ROE of 8% is a target that should be reached at an early stage. We aim to achieve ROE of 8% by the mid-2020s.」
Based on ROE of 3.7% in the current fiscal year, an intermediate capital efficiency target of achieving ROE of 8% by the mid-2020s was established with the cost of equity in mind.