Profitability, Capital Efficiency and Shareholder Return Targets under Vista2021 Stage II
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022. Latest entry: FY2023.
3 other companies' latest entry also says "Cited as achieved".
- FY2023Cited as achievedAnnual report
「Under Stage II of the Vista2021 medium-term management plan launched in April 2019, the company aimed to gradually raise the dividend payout ratio to 45% by the fiscal year ending March 2022 and maintain a total shareholder return ratio of 75%, and achieved these targets in the fiscal year ended March 2022.」
The company again cites the achievement of the Vista2021 Stage II targets of a 45% dividend payout ratio and a 75% total shareholder return ratio as past results under its shareholder return policy. - FY2022AchievedAnnual report
「As a result of the operating activities and initiatives described above, performance progressed largely as planned against the following management targets set for Stage II, the latter 3 years of the Vista2021 medium-term management plan (fiscal 2019 to fiscal 2021). Management targets: fiscal 2021 results; operating margin: at least 18%, 24.5%; ROE: at least 16%, 19.2%; dividend payout ratio: 42.5% for fiscal 2019 and maintained at 45% from fiscal 2020 onward, 44.9%; total shareholder return ratio: 72.5% for fiscal 2019 and maintained at 75% from fiscal 2020 onward, 75.6%.」
For each Vista2021 Stage II target, namely operating margin, ROE, dividend payout ratio and total shareholder return ratio, the company presents the fiscal 2021 results, which reached the target levels. - FY2021First statedAnnual report
「As a result of the operating activities and initiatives described above, performance has progressed largely as planned against the following management targets set for Stage II, the latter 3 years of the Vista2021 medium-term management plan (fiscal 2019 to fiscal 2021). Management targets: fiscal 2020 results; operating margin 18% or higher: 20.3%; ROE 16% or higher: 17.5%; dividend payout ratio, 42.5% for fiscal 2019 and maintained at 45% from fiscal 2020 onward: 44.9%; total shareholder return ratio, 72.5% for fiscal 2019 and maintained at 75% from fiscal 2020 onward: 74.6%.」
For Stage II, the company presents, for the first time in a consolidated format, the management targets of an operating margin of at least 18%, ROE of at least 16%, a dividend payout ratio of 45% and a total shareholder return ratio of 75%, together with the fiscal 2020 results.