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Nof (4403) · PolicyROE up, ROA unchanged, operating margin down

Evaluating Management Efficiency Using ROE, ROA and Operating Margin

First written in FY2017. 1 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2026.

8entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017OtherFY2020 – FY20262017: 120172018: 020182019: 120192020: 120202021: 120212022: 120222023: 020232024: 120242025: 120252026: 12026
Same theme, other companies
Improving Profitability and Capital Efficiency through Operating Profit Margin, ROA, and ROEA theme 45 companies write about · 1 as a headwind · 45 as a tailwind

The whole theme swung hardest in 2025: 8 of 30 companies on the "Worse" side.

9 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 45 companies compared. The sentences above are computed from all 45.
Full recordFilings, disclosures and news, newest first
  1. FY2026ROE up, ROA unchanged, operating margin downAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 14.1% (up 0.7% year on year), return on assets (ROA) was 13.3% (down 0.0%), and operating margin was 18.4% (down 0.6%).」

    The company continues to use the management efficiency metrics. ROE increased, ROA was unchanged, and operating margin declined.
  2. FY2025ROE and ROA down, operating margin unchangedAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 13.4% (down 0.1% year on year), return on assets (ROA) was 13.3% (down 0.7%), and operating margin was 19.0% (up 0.0%).」

    The company continues to use the management efficiency metrics. ROE and ROA declined year on year, while operating margin was unchanged at 19.0%.
  3. FY2024ROE and ROA down, operating margin upAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 13.5% (down 1.3% year on year), return on assets (ROA) was 14.0% (down 0.4%), and operating margin was 19.0% (up 0.3%).」

    The company continues to use ROE, ROA, and operating margin as management efficiency metrics. ROE and ROA declined year on year, while operating margin increased.
  4. FY2022ROE, ROA, and operating margin all improvedAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 12.6% (up 0.4 percentage points year on year), return on assets (ROA) was 13.4% (up 2.0 percentage points), and operating margin was 18.5% (up 3.1 percentage points).」

    All 3 metrics, ROE, ROA, and operating margin, increased year on year.
  5. FY2021ROE and operating margin up, ROA downAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 12.2% (up 0.3 percentage points year on year), return on assets (ROA) was 11.4% (down 0.6 percentage points), and operating margin was 15.4% (up 0.5 percentage points).」

    Among the management efficiency metrics, ROE and operating margin increased year on year, while ROA declined.
  6. FY2020Decline in management efficiency metricsAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 11.9% (down 0.8 percentage points year on year), return on assets (ROA) was 12.0% (down 0.5 percentage points), and operating margin was 14.9% (down 0.1 percentage points).」

    The company continues to use ROE, ROA, and operating margin as criteria for assessing management efficiency, but all 3 metrics declined year on year.
  7. FY2019AdvancedAnnual report

    「For the current consolidated fiscal year, return on equity (ROE) was 12.7% (up 0.3 percentage points year on year), return on assets (ROA) was 12.5% (up 0.3 percentage points), and operating margin was 15.0% (up 0.7 percentage points).」

    The company continues to use ROE, ROA, and operating margin as criteria for assessing management efficiency and disclosed the current-period results and year-on-year improvements.
  8. FY2017First statedAnnual report

    「The company uses return on equity (ROE), return on assets (ROA), and operating margin as criteria for assessing management efficiency, from the perspective of emphasizing shareholders and managing the performance of individual businesses.」

    The company explicitly identifies ROE, ROA, and operating margin as criteria for assessing management efficiency with a focus on shareholders and the management of individual business performance.
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Evaluating Management Efficiency Using ROE, ROA and Operating Margin | NOF CORPORATION (4403) | Komori