Improving capital efficiency with a target ROE of 5%
First written in FY2017. 7 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
47 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「While using ROE of 5% as a benchmark, we will continue working to improve capital efficiency. Based on these assumptions, underlying ROE for the consolidated fiscal year was 3.4%.」
The company continues its policy of using ROE of 5% as a benchmark. Underlying ROE excluding gains and losses on the valuation of derivatives improved from 3.2% in the previous fiscal year to 3.4%, but remained below the 5% benchmark. - FY2025WorsenedAnnual report
「While using ROE of 5% as a benchmark, we will continue working to improve capital efficiency. Based on these assumptions, underlying ROE for the consolidated fiscal year was 3.2%.」
The company continues its policy of using ROE of 5% as a benchmark, but underlying ROE excluding gains and losses on the valuation of derivatives fell from 5.9% in the previous fiscal year to 3.2%, below the benchmark. - FY2024RestatedAnnual report
「While using ROE of 5% as a benchmark, we will continue working to improve capital efficiency. Based on these assumptions, underlying ROE for the consolidated fiscal year was 5.9%.」
The company continues its policy of using ROE of 5% as a benchmark, and underlying ROE excluding gains and losses on the valuation of derivatives was 5.9%. - FY2023RestatedAnnual report
「While using ROE of 5% as a benchmark, we will continue working to improve capital efficiency. Based on these assumptions, underlying ROE for the consolidated fiscal year was 7.0%.」
The company continues its policy of using ROE of 5% as a benchmark, and underlying ROE excluding gains and losses on the valuation of derivatives rose from 6.9% in the previous fiscal year to 7.0%. - FY2022RestatedAnnual report
「While using ROE of 5% as a benchmark, we will continue working to improve capital efficiency. Based on these assumptions, underlying ROE for the consolidated fiscal year was 6.9%.」
The company continues its policy of using ROE of 5% as a benchmark, and underlying ROE excluding gains and losses on the valuation of derivatives was 6.9%. - FY2021RestatedAnnual report
「While using ROE of 5% as a benchmark, we will continue working to improve capital efficiency. Based on these assumptions, underlying ROE for the consolidated fiscal year was 4.8%.」
The company continues its policy of improving capital efficiency, using ROE of 5% as a benchmark, and states that underlying ROE for the year was 4.8%. - FY2020RestatedAnnual report
「We will seek to further improve capital efficiency, using ROE of 5% as a benchmark. Underlying ROE for the current consolidated fiscal year was 4.7%.」
The company continues its policy of using ROE of 5% as a benchmark and states that underlying ROE, excluding gains and losses on the valuation of foreign exchange derivatives, was 4.7%. - FY2019RestatedAnnual report
「We will seek to further improve capital efficiency, using ROE of 5% as a benchmark.」
The company continues its policy of improving capital efficiency based on ROE of 5%, and underlying ROE for the fiscal year was 5.1%. - FY2018RestatedAnnual report
「We will seek to further improve capital efficiency, using ROE of 5% as a benchmark. Underlying ROE for the current consolidated fiscal year was 7.3%.」
The company continues its policy of improving capital efficiency based on ROE of 5% and reports underlying ROE of 7.3% for the fiscal year. - FY2017First statedAnnual report
「We will seek to further improve capital efficiency, using ROE of 5% as a benchmark.」
For the first time, the company explicitly states a target of improving capital efficiency based on ROE of 5%, while maintaining a sound financial base required by its inventory-based business model. It reports underlying ROE of 7.8% for the fiscal year, excluding foreign exchange derivative valuation gains and losses.