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Awa Paper & Technological Company (3896) · TargetSoftened

Achieving a Return on Assets (ROA) of at Least 10%

First written in FY2018. 5 of 8 entries say "Softened", first in FY2019. Latest entry: FY2026.

8entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseSoftenedFY2019 – FY2021SoftenedFY2024 – FY20262018: 120182019: 120192020: 020202021: 120212022: 120222023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Target for Maintaining ROAA theme 25 companies write about · 1 as a headwind · 24 as a tailwind

Awa Paper & Technological Company moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).

The whole theme swung hardest in 2018: 3 of 13 companies on the "Worse" side.

0 other companies' latest entry also says "Softened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.
Full recordFilings, disclosures and news, newest first
  1. FY2026SoftenedAnnual report

    「ROA for the current consolidated fiscal year was negative 0.3%, down 1.5 percentage points year on year. Going forward, based on the Fifth Medium-Term Management Plan, we will focus management resources on growth areas, strengthen our earnings base through business-structure reform, optimize working capital and improve asset efficiency, working as a group to achieve the target indicators.」

    ROA declined from 1.2% in the previous year to negative 0.3%. The Fifth Medium-Term Management Plan sets out a policy of pursuing improvements in asset efficiency and related measures, but this filing does not specify a concrete ROA target.
  2. FY2025SoftenedAnnual report

    「ROA for the current consolidated fiscal year was 1.2%, down 0.2 percentage points year on year. We continue to work as a group to achieve the indicator target.」

    ROA declined from 1.4% in the previous fiscal year to 1.2%. The policy of achieving the target through higher operating profit margins and total asset turnover, as well as the creation of new businesses and strengthening of core businesses, remains unchanged.
  3. FY2024SoftenedAnnual report

    「ROA for the current consolidated fiscal year was 1.4%, down 0.7 percentage points year on year. We continue to work as a group to achieve the indicator target.」

    ROA declined from 2.1% to 1.4%. The previous medium-term target of 4.4% is not explicitly stated in this filing, which says that efforts to achieve the indicator target will continue.
  4. FY2023AdvancedAnnual report

    「ROA for the current consolidated fiscal year was 2.1%, up 0.3 percentage points year on year, and we continue to work as a group to achieve the indicator target.」

    ROA rose 0.3 percentage points year on year to 2.1%, but remained below the medium-term target of 4.4%; efforts to achieve the target are continuing.
  5. FY2022RestatedAnnual report

    「Our group has positioned return on assets (ROA) as an important management indicator for maintaining sound management and enhancing corporate value. Under the Third Medium-Term Management Plan, “Awa Breakthrough Plan,” which began in the current consolidated fiscal year, the ROA target for the final year is 4.4%, and we are working to improve profitability and use assets more efficiently.」

    The ROA target of 4.4% for the final year of the Third Medium-Term Management Plan remains unchanged. ROA for the current fiscal year is 1.8%, an improvement from the negative figure recorded in the previous fiscal year.
  6. FY2021SoftenedAnnual report

    「Under this medium-term management plan, ROA for the final year will be 4.4%.」

    The medium-term ROA target has changed from 5% or more to 4.4% for the final year of the Third Medium-Term Management Plan.
  7. FY2019SoftenedAnnual report

    「In addition, we have positioned return on assets (ROA) as an important management indicator measuring both capital efficiency and profitability, and have set a medium-term target of 5% or more.」

    The target level has been lowered from the previously stated ROA of 10% or more to a medium-term target of 5% or more. ROA for the current fiscal year is 2.2%, with higher operating profit margins and total asset turnover identified as the means of achieving it.
  8. FY2018First statedAnnual report

    「Our group has set a target of achieving a return on assets (ROA) of 10% or more in order to maintain sound management and enhance corporate value. We will work as a group to achieve this target by pursuing sustained improvements in revenue and profit margins and the efficient use of capital.」

    An ROA target of 10% or more is explicitly stated as a management objective, with higher revenue and profit margins and more efficient capital utilization identified as the means of achieving it. ROA for the current fiscal year is stated as 1.9%.
Moved together

"Dependence on Interest-Bearing Debt and Funding and Interest-Rate Risk" moved the same way as this thread, in the same document, in 5 of its 8 moves.

554433★123456
  1. ★This thread
  2. 1Dependence on Interest-Bearing Debt and Funding and Interest-Rate Risk5×
  3. 2Difficulties Procuring Overseas Raw Materials and Rising Crude Oil and Energy Prices5×
  4. 3A Dividend Policy Balancing Retained Earnings and Shareholder Returns4×
  5. 4Declining Profitability of Fixed Assets and the Risk of Impairment Losses4×
  6. 5Risk of Lower Demand Due to Economic Slowdowns in China and Emerging Markets3×
  7. 6Declining Demand for Core Products as Electric and Fuel-Cell Vehicles Become More Widespread3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
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Achieving a Return on Assets (ROA) of at Least 10% | AWA PAPER & TECHNOLOGICAL COMPANY,Inc. (3896) | Komori