Achieving ROE of at least 20% every fiscal year
First written in FY2017. 4 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- FY2026ROE target missed and performance deterioratedAnnual report
「Against the 10% return on equity numerical target for the Group, return on equity for the current consolidated fiscal year was negative 1.8%, significantly below the target.」
It maintains the 10% return on equity target, but actual ROE for the fiscal year ending March 2026 was negative 1.8%, further down from negative 1.5% in the previous fiscal year. - FY2025Return on equity target missed and turned negativeAnnual report
「Against the 10% return on equity numerical target for the Group, return on equity for the current consolidated fiscal year was negative 1.5%, significantly below the target.」
It maintains the 10% return on equity target, but actual ROE for the fiscal year ended March 2025 was negative 1.5%, down from 1.7% in the previous fiscal year and turning negative. - FY2024Return on equity target missed and performance deterioratedAnnual report
「Against the 10% return on equity numerical target for the Group, return on equity for the current consolidated fiscal year was 1.7%, significantly below the target.」
It maintains the 10% return on equity target, but actual ROE for the fiscal year ended March 2024 was 1.7%, down from 2.1% in the previous fiscal year. - FY2023Return on equity target missed and performance deterioratedAnnual report
「Against the 10% return on equity numerical target for the Group, return on equity for the current consolidated fiscal year was 2.1%, significantly below the target.」
It maintains the 10% return on equity target, but actual ROE for FY2023 was 2.1%, down from 4.2% in the previous fiscal year. - FY2022RestatedAnnual report
「Against the 10% return on equity numerical target for the Group, return on equity for the current consolidated fiscal year was 4.2%, significantly below the target.」
It maintains the 10% return on equity numerical target. Actual ROE for the fiscal year ended March 2022 was 4.2%, an improvement from 1.7% in the previous fiscal year, but it remains below the target. - FY2021SoftenedAnnual report
「To secure dividends as a return of profits to shareholders and retained earnings to fund future capital investment, as well as to use assets efficiently, we will make every effort to achieve a return on equity of at least 10%.」
The numerical target for return on equity has changed from at least 20% to at least 10%. The relationship with dividends, retained earnings and asset efficiency has been maintained. - FY2020RestatedAnnual report
「Against the 20% return on equity numerical target for the Group, return on equity for the current consolidated fiscal year was 3.7%, remaining significantly below the target.」
It maintains the target of a return on equity of at least 20%. Actual ROE for the fiscal year ended March 2020 was 3.7%, and the target continues to be unmet. - FY2019RestatedAnnual report
「To secure dividends as a return of profits to shareholders and retained earnings to fund future capital investment, as well as to use assets efficiently, we will make every effort to achieve a return on equity of at least 20%.」
It reiterates the target of a return on equity of at least 20%. It analyzes consolidated ROE for the current fiscal year at 2.5% as being significantly below the target. - FY2018RestatedAnnual report
「To secure dividends as a return of profits to shareholders and retained earnings to fund future capital investment, as well as to use assets efficiently, we will continue to make every effort to achieve a return on equity of at least 20% in every fiscal year.」
It reiterates the same target of a return on equity of at least 20% every fiscal year. Consolidated ROE for the fiscal year ended March 2018 was 3.0%, and there is no statement that the target was achieved. - FY2017First statedAnnual report
「To secure dividends as a return of profits to shareholders and retained earnings to fund future capital investment, as well as to use assets efficiently, we will continue to make every effort to achieve a return on equity of at least 20% in every fiscal year.」
It explicitly states for the first time the time frame of every fiscal year and the numerical target of a return on equity of at least 20%. It also describes the relationship with securing dividends, retained earnings and efficient asset utilization.