ROIC of 7% or Higher and the Three Pillars in the Third Medium-Term Management Plan
First written in FY2023. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 2 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Cumulative free cash flow for the 3-year period, excluding the application of IFRS 16 “Leases,” achieved the target as of fiscal 2024, with a target of ¥500 billion and actual free cash flow of ¥1,317.1 billion.」
The Third Medium-Term Management Plan’s free cash flow target of ¥500 billion was achieved, with actual free cash flow of ¥1,317.1 billion. ROE and ROIC, however, remained challenges. - FY2024RestatedAnnual report
「For fiscal 2025, the final year of the Third Medium-Term Management Plan, the target was to achieve ROIC of at least 7% across the business as a whole, excluding incubation businesses.」
The Third Medium-Term Management Plan’s financial target of ROIC of at least 7% for fiscal 2025 was reaffirmed, including as a metric for executive compensation. - FY2023First statedAnnual report
「For fiscal 2025, the final year of the Third Medium-Term Management Plan, the target was to achieve ROIC of at least 7% across the business as a whole, excluding incubation businesses such as hydrogen and synthetic fuels, which are not yet suitable for business evaluation because they remain at the demonstration stage or similar.」
The Third Medium-Term Management Plan was structured around 3 pillars: “establishing a solid foundation for sustainable earnings,” “accelerating initiatives to achieve the energy transition” and “strengthening the management foundation.” It newly set a target of ROIC of at least 7% for fiscal 2025 and introduced portfolio management using ROIC as an indicator.