Management Metrics Focused on Profitability, Productivity Multiples and Sales Growth Rates
First written in FY2017. 2 of 6 entries say "Restated". Latest entry: 2026-04-30.
Avant Group moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 1 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- 2026-04-30ReframedEarnings presentation
「We revised the target levels for PBR and PER based on current levels」
In addition to existing profitability and productivity indicators, the company reorganized its targets around capital-market valuation by combining PBR, PER, cost of shareholders' equity and growth expectations. - FY2024ReframedAnnual report
「The Group has positioned the following 6 items as its key management indicators: revenue, net income, operating profit per employee, software gross profit, ROE and DOE (dividend on equity).」
From the previous 6 management indicators, BE GLOBAL 2028 reorganised the framework into a new set of 6 indicators, including operating profit per employee and software gross profit to show progress in productivity and the software strategy. - FY2020RestatedAnnual report
「The Group considers the following 6 items target management indicators: revenue, the stock revenue ratio, operating profit, revenue growth plus operating margin, ROE and dividends.」
The 6 management indicators were retained, while the stock revenue ratio was positioned as the most important indicator in connection with the transition to a SaaS-based business model. - FY2019RaisedAnnual report
「The Group considers the following 6 items target management indicators: revenue, the stock revenue ratio, operating profit, revenue growth plus operating margin, ROE and dividends. Specific targets for each item have been disclosed in the new 5-year medium-term management plan, “BE GLOBAL 2023,” through the fiscal year ending June 2023.」
The company moved from its previous emphasis on profitability, the productivity multiple and revenue growth to explicitly identifying 6 target indicators: revenue, the stock revenue ratio, operating profit, growth rate plus profit margin, ROE and dividends. - FY2018RestatedAnnual report
「The Group considers the following 3 metrics important management indicators: (1) profitability, measured by the year-on-year increase in operating profit and operating profit margin; (2) the productivity multiple (approximately, revenue ÷ [employee costs + outsourcing expenses]); and (3) revenue growth. Of these, it places the greatest emphasis on profitability.」
The policy of prioritising profitability, the productivity multiple and revenue growth, with the greatest emphasis on profitability, has been continued. - FY2017First statedAnnual report
「The Group considers the following 3 metrics important management indicators: (1) profitability, measured by the year-on-year increase in operating profit and operating profit margin; (2) the productivity multiple (approximately, revenue ÷ [employee costs + outsourcing expenses]); and (3) revenue growth. Of these, it places the greatest emphasis on profitability.」
The policy explicitly identifies profitability, the productivity multiple and revenue growth as important indicators, with the greatest emphasis placed on profitability. Specific targets are to be set in the medium-term management plan and reviewed annually.