Komori
Tokuyama (4043) · TargetROE target missed

Achievement of ROA of 10% or higher

First written in FY2019. 8 of 14 entries say "Restated". Latest entry: FY2026.

14entries
8years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019RestatedFY2022-Q2 – FY2023-Q3RestatedFY2024-Q1 – 2026-04-282019: 120192020: 020202021: 220212022: 320222023: 420232024: 020242025: 120252026: 32026
Same theme, other companies
Target for Maintaining ROAA theme 25 companies write about · 1 as a headwind · 24 as a tailwind

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

4 other companies' latest entry also says "Other".

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. FY2026ROE target missedAnnual report

    「ROE was 8.2%, falling short of the target.」

    Against the capital efficiency target of ROE of 11% or more under the Medium-Term Management Plan 2025, which replaced the ROA target, actual results for the final year fell short at 8.2%.
  2. FY2026-H1RestatedAnnual report

    「Under the Medium-Term Management Plan 2025, the group has established the following targets for the final year. Metric Fiscal 2025 target Revenue ¥400.0 billion Operating income ¥45.0 billion Revenue CAGR for growth businesses 10% or more ROE 11% or more」

    The company maintained the revised levels of the targets under the Medium-Term Management Plan 2025, which replaced the previous ROA target.
  3. FY2024-Q2RestatedAnnual report

    「Metric Fiscal 2025 target Revenue ¥320.0 billion Operating income ¥45.0 billion Revenue CAGR for growth businesses 10% or more ROE 11% or more」

    The company maintained the revised levels, including ROE of 11% or more, of the capital efficiency targets under the Medium-Term Management Plan 2025, which replaced the previous ROA target.
  4. FY2024-Q1RestatedAnnual report

    「Metric Fiscal 2025 target Revenue ¥320.0 billion Operating income ¥45.0 billion Revenue CAGR for growth businesses 10% or more ROE 11% or more」

    The company reiterated the revised levels of the targets under the Medium-Term Management Plan 2025, which replaced the previous ROA target, including operating income of ¥45.0 billion and ROE of 11% or more.
  5. FY2023RaisedAnnual report

    「ROE 11% or more (before revision: 10% or more)」

    After shifting from the previous ROA target to the ROE target under the Medium-Term Management Plan 2025, the fiscal 2025 ROE target was raised from 10% or more to 11% or more.
  6. FY2023-Q3RestatedAnnual report

    「Under the Medium-Term Management Plan 2025, the company has established the following targets for the final year: Metric; Fiscal 2025 target; Revenue ¥320.0 billion; Operating income ¥40.0 billion; Revenue CAGR for growth businesses 10% or more; ROE 10% or more.」

    The company reiterated the capital efficiency targets of ROE of 10% or more and other targets under the Medium-Term Management Plan 2025, which replaced the previous ROA target.
  7. FY2023-Q2RestatedAnnual report

    「Under the Medium-Term Management Plan 2025, the company has established the following targets for the final year: Metric; Fiscal 2025 target; Revenue ¥320.0 billion; Operating income ¥40.0 billion; Revenue CAGR for growth businesses 10% or more; ROE 10% or more.」

    The company reiterated the capital efficiency targets of ROE of 10% or more and other targets under the Medium-Term Management Plan 2025, which replaced the previous ROA target.
  8. FY2023-Q1RestatedAnnual report

    「Under the Medium-Term Management Plan 2025, the company has established the following targets for the final year. Metric Fiscal 2025 target Revenue ¥320.0 billion Operating income ¥40.0 billion Revenue CAGR for growth businesses 10% or more ROE 10% or more」

    The company reiterated the capital efficiency targets of ROE of 10% or more and other targets under the Medium-Term Management Plan 2025, which replaced the previous target of ROA of 10% or more.
  9. FY2022-Q3RestatedAnnual report

    「Metric; Fiscal 2025 target; Revenue ¥320.0 billion; Operating income ¥40.0 billion; Revenue CAGR for growth businesses 10% or more; ROE 10% or more」

    The company reiterated the capital efficiency targets that shifted from the previous ROA target to ROE of 10% or more and other targets under the Medium-Term Management Plan 2025.
  10. FY2022-Q2RestatedAnnual report

    「Metric; Fiscal 2025 target; Revenue ¥320.0 billion; Operating income ¥40.0 billion; Revenue CAGR for growth businesses 10% or more; ROE 10% or more」

    The company reiterated the capital efficiency targets that shifted from the previous fiscal 2020 year-end target of ROA of 10% or more to ROE of 10% or more and other targets under the Medium-Term Management Plan 2025.
  11. FY2022-Q1ReframedAnnual report

    「Under the Medium-Term Management Plan 2025, the company has established the following targets for the final year: Metric; Fiscal 2025 target; Revenue ¥320.0 billion; Operating income ¥40.0 billion; Revenue CAGR for growth businesses 10% or more; ROE 10% or more.」

    In place of the previous fiscal 2020 year-end target of ROA of 10% or more, this filing sets a ROE target of 10% or more as a capital efficiency metric under the Medium-Term Management Plan 2025. The financial targets have shifted from ROA to the new plan, which includes ROE.
  12. FY2019First statedAnnual report

    「The target management indicators as of the end of fiscal 2020 were ROA (operating income / total assets) of 10% or more, CCC (cash conversion cycle) of 55 days or less, and a D/E ratio of 1.0 times or less.」

    The company explicitly stated a financial target of ROA of 10% or more at the end of fiscal 2020. ROA for the current period was 9.5%, and the gap to the target was also disclosed as progress.
Moved together

"FY2025: Global Leader in Advanced Materials and Japan’s Leading Traditional Business" moved the same way as this thread, in the same document, in 2 of its 14 moves.

22★12
  1. ★This thread
  2. 1FY2025: Global Leader in Advanced Materials and Japan’s Leading Traditional Business2×
  3. 2Addressing SDGs and Materiality2×

★ 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
Tokuyama's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Management Planning of 2026-05-29: "Softened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Achievement of ROA of 10% or higher | Tokuyama Corporation (4043) | Komori