Improving Return on Equity Based on Ordinary Income
First written in FY2017. 3 of 8 entries say "Worsened", first in FY2019. Latest entry: FY2025.
Kawasaki Geological Engineering moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
46 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Return on equity (%) — — 3.7 8.1 12.7」
Consolidated return on equity rose from 3.7% in the 73rd fiscal period and 8.1% in the 74th to 12.7% in the 75th, indicating progress against the return-on-equity improvement indicator. - FY2023WorsenedAnnual report
「Results for the 73rd fiscal year, the interim year of the Fifth Medium-Term Management Plan, were as shown in the table below, with lower revenue and lower profit than in the 72nd fiscal year.」
On a standalone basis, the return on equity declined from 8.6% in the 72nd fiscal period to 3.1% in the 73rd, while return on equity was 3.7% in the first year of consolidated reporting. - FY2022WorsenedAnnual report
「The comparison of return on equity based on net income for the current and previous fiscal years is shown in the table below. In the 72nd fiscal year, it declined by 1.2% from the previous fiscal year. The main factor was the recognition of an extraordinary loss due to impairment of fixed assets.」
The net income to equity ratio declined from 9.8% in the 71st fiscal period to 8.6% in the 72nd, worsening performance against the target indicator. The Company attributed this mainly to impairment losses on fixed assets. - FY2021ReframedAnnual report
「The Company used the ordinary income to equity ratio through the 70th fiscal period, but adopted the net income to equity ratio from the 71st. This was because it was aligned with the target indicator of the Fifth Medium-Term Management Plan, which began in the 72nd fiscal period.」
The Company changed its long-term and medium-term management indicator from the ordinary income to equity ratio to the net income to equity ratio (ROE), aligning it with the target indicator of the Fifth Medium-Term Management Plan. The net income to equity ratio was 9.8% in the 71st fiscal period. - FY2020AdvancedAnnual report
「The comparison of the ordinary income to equity ratio for the current and previous fiscal years is shown in the table below. The ratio increased in the 70th fiscal period from the previous fiscal year.」
The ordinary income to equity ratio rose from 6.26% in the 66th fiscal period, 7.59% in the 67th, 8.15% in the 68th and 5.77% in the 69th to 7.78% in the 70th. - FY2019WorsenedAnnual report
「The comparison of the ordinary income to equity ratio for the current and previous fiscal years is shown in the table below. The ratio had followed an upward trend since the 66th fiscal period, but declined in the current fiscal year.」
The ordinary income to equity ratio declined from 6.26% in the 66th fiscal period, 7.59% in the 67th and 8.15% in the 68th to 5.77% in the 69th. The Company stated that it would work to improve the ratio through greater operating efficiency, cost control and improved employee benefits. - FY2018RestatedAnnual report
「As one of its important long-term and medium-term management indicators for sustaining stable management, the Company regards the ordinary income to equity ratio as an important management indicator and will work to improve it.」
The Company has reconfirmed its objective of treating the ordinary income to equity ratio as an important long-term and medium-term management indicator and working to improve it. - FY2017First statedAnnual report
「As one of its important long-term and medium-term management indicators for sustaining stable management, the Company regards the ordinary income to equity ratio as an important management indicator and will work to improve it.」
The Company recorded for the first time its objective of treating the ordinary income to equity ratio as an important long-term and medium-term management indicator and working to improve it.