Numerical targets for the ordinary profit margin, return on equity, equity ratio, and number of properties under management
First written in FY2019. 1 of 9 entries say "Raised", first in FY2021. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Updated interim-period equity ratioAnnual report
「Equity ratio (%) 37.5 40.0 34.7」
The equity ratio rose to 40.0% from 37.5% in the previous interim period and 34.7% at the end of the previous fiscal year. - FY2025ReframedAnnual report
「With respect to shareholder returns, our previous target was a payout ratio of at least 30%. To clarify our commitment to long-term, stable profit returns and continuing progressive dividends, we have set a new target of DOE (dividend on equity) of at least 2.8%.」
The numerical target for shareholder returns was changed from a payout ratio of at least 30% to DOE of at least 2.8%, and the continuation of progressive dividends was stated explicitly. The targets of maintaining an equity ratio in the 30% range, with a target of 40%, ROE of at least 10%, and an annual increase of 1,000 managed units remain unchanged. - FY2024Management-unit target achieved; payout-ratio target missedAnnual report
「Results for the period were as follows: an equity ratio of 32.0%, ROE (return on equity) of 14.6%, a consolidated payout ratio of 18.2%, and an increase of 1,103 managed units for the year. Although the consolidated payout ratio did not reach the target, we intend to continue progressive dividends.」
The equity ratio remained in the 30% range, meeting the target levels of ROE of at least 10% and an annual increase of 1,000 managed units. Meanwhile, the consolidated payout ratio of 18.2% was below the 30% target. - FY2024-Q2No new disclosure of progress against performance targetsAnnual report
「During the nine-month period ended the second quarter, there were no significant changes to the business or financial issues that the group needs to address, and no new issues arose.」
No updates to the numerical targets themselves or descriptions of progress toward them were provided, and it was explained that there had been no material changes to the issues requiring action. - FY2023Units under management and ROE at target levels; payout ratio below targetAnnual report
「Actual results for the fiscal year were an equity ratio of 32.8%, ROE (return on equity) of 15.1%, a consolidated payout ratio of 17.0% and an annual increase of 1,036 units under management. The consolidated payout ratio did not reach the target, but the company intends to continue progressive dividends.」
The equity ratio met the target level of maintaining it in the 30% range but fell short of the 40% target. ROE exceeded 10%, and the annual increase in units under management met the 1,000-unit target. The consolidated payout ratio of 17.0% was below the 30% target. - FY2022Targets met and missed across multiple metricsAnnual report
「Actual results for the fiscal year were an equity ratio of 35.1%, ROE (return on equity) of 12.8%, a consolidated payout ratio of 19.6% and an annual increase of 1,088 units under management. The consolidated payout ratio did not reach the target, but the company intends to increase dividends each fiscal year.」
The equity ratio of 35.1%, ROE of 12.8% and annual increase of 1,088 units under management met their respective target levels, while the consolidated payout ratio of 19.6% fell short of the 30% target. - FY2021RaisedAnnual report
「On 16 March 2021, the group established a capital policy under which it would maintain an equity ratio in the 30% range and aim for 40%, maintain ROE at 10% or higher, and target a payout ratio of at least 30% for the time being. The annual target for the increase in units under management is 1,000.」
The target was raised from an equity ratio of at least 30% to a policy of maintaining it in the 30% range and aiming for 40%, and a payout ratio of at least 30% was newly established. The targets of ROE of at least 10% and an annual increase of 1,000 units under management remain unchanged. - FY2020Profitability and units-under-management targets missed; financial targets achievedAnnual report
「The group places importance on stable and sustained growth, with targets of an ordinary profit margin of at least 9%, return on equity of at least 10%, an equity ratio of at least 30% and an annual increase of 1,000 units under management. Actual results for the fiscal year were an ordinary profit margin of 7.6%, return on equity of 12.4%, equity ratio of 36.1% and an annual increase of 944 units under management.」
The ordinary profit margin was 7.6% against the 9% target, and the annual increase in units under management was 944 against the 1,000-unit target, both falling short, while return on equity and the equity ratio exceeded their targets. - FY2019First statedAnnual report
「The group places importance on stable and sustained growth, with targets of an ordinary profit margin of at least 9%, return on equity of at least 10%, an equity ratio of at least 30% and an annual increase of 1,000 units under management.」
The company disclosed four numerical targets for the first time as objective indicators for assessing progress toward its management policies and strategies. Actual results for the fiscal year were an ordinary profit margin of 9.0%, return on equity of 13.3%, equity ratio of 31.8% and an annual increase of 3,914 units under management.