Creating an Equity Spread by Addressing a PBR Below 1x
First written in FY2024. 1 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
1 other company's latest entry also says "Achieved".
- FY2026AchievedAnnual report
「As of the end of March 2026, the PBR was 1.10x, improving to a level above 1x.」
For the theme of addressing a PBR below 1x, the PBR rose above 1x to 1.10x. However, the company stated that further improvement in ROE remains an issue for raising the PBR further. - FY2025AdvancedAnnual report
「With regard to initiatives aimed at raising the PBR above 1x, the company will promote ROIC improvement through measures incorporated into the Fourth Medium-Term Management Plan, including maximising earnings from existing businesses through thorough efficiency improvements and restructuring the business portfolio through selective investment. It also revised its executive compensation system and introduced TSR as a metric for calculating stock-based compensation.」
The response to a PBR below 1x took concrete form through the Fourth Medium-Term Management Plan’s efficiency improvements, selective investment and ROIC enhancement, as well as the introduction of TSR into executive compensation. - FY2024First statedAnnual report
「First, the company will pursue the ongoing creation of an equity spread by strengthening its earning power and implementing an optimal capital structure.」
The company recognised a PBR below 1x as an issue and set out measures to enhance corporate value through stronger earnings power, an optimal capital structure, the energy transition and dialogue with the market.