Achieving ROE of 10% or higher
First written in FY2017. 4 of 8 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Tokai Senko K.K. moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the fiscal year under review, orders remained sluggish both in Japan and overseas in the dyeing and processing business, reducing sales and net income. As a result, consolidated ROE was 2.7%, compared with 4.5% in the previous fiscal year.」
ROE fell from 4.5% in the previous fiscal year to 2.7%, widening the gap to the target of 10% or more. - FY2025ROE improved but remained below the 10% targetAnnual report
「In the fiscal year under review, earnings improved as orders recovered sharply at the Indonesian subsidiary, resulting in consolidated ROE of 4.5%, compared with 2.0% in the previous fiscal year.」
ROE improved from 2.0% in the previous fiscal year to 4.5%, but remained below the target of 10% or more. - FY2024ROE improved but remained below the 10% targetAnnual report
「Consolidated ROE improved to 2.0%, compared with negative 1.6% in the previous fiscal year.」
ROE improved from negative 1.6% to 2.0%, mainly due to gains on the sale of investment securities associated with the reduction of cross-held shares, but remained below the target of 10% or more. - FY2023WorsenedAnnual report
「Although sales increased in the fiscal year under review, profitability deteriorated due to sharply higher raw-material and fuel prices, resulting in consolidated ROE of negative 1.6%, compared with 0.8% in the previous fiscal year.」
ROE fell from 0.8% in the previous fiscal year to negative 1.6%, further widening the gap to the target of ROE of 10% or more. - FY2022ROE improved but remained below the targetAnnual report
「Consolidated ROE was 0.8%, compared with negative 2.9% in the previous fiscal year.」
ROE improved from negative 2.9% in the previous fiscal year to 0.8%, but remained below the target of 10% or more. - FY2020WorsenedAnnual report
「The Group uses ROE of 10% or more as an objective metric for assessing progress toward its management targets. However, it was unable to secure profit in the fiscal year under review because of extraordinary losses, including a ¥712 million impairment loss on property, plant and equipment. Consolidated ROE was negative 8.3%, compared with 5.7% in the previous fiscal year.」
Against the target of ROE of 10% or more, ROE fell from 5.7% in the previous fiscal year to negative 8.3%, widening the gap to the target. - FY2019WorsenedAnnual report
「In the fiscal year under review, the company was unable to secure sufficient profit to improve ROE because of higher manufacturing costs, including sharply higher raw-material prices. Consolidated ROE was 5.7%, compared with 6.2% in the previous fiscal year.」
Against the target of ROE of 10% or more, ROE fell to 5.7% in the fiscal year under review, below the target level. - FY2017First statedAnnual report
「To further enhance corporate value, the Group has set ROE, or return on equity, of 10% or more as a target management metric.」
To enhance corporate value, the company stated ROE of 10% or more as a target metric for the first time. Consolidated ROE for the fiscal year was 11.0%.