Medium- to long-term targets of a 30% equity ratio and 8% ROE
First written in FY2020. 11 of 24 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2027-H1.
Toyo Asano Foundation moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2017: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Equity ratio (%) 28.88 28.23 26.97」
The equity ratio was 28.23% at the end of the interim period, up from 26.97% at the end of the previous fiscal year. Although it remains below the medium- to long-term benchmark of 30%, it is moving closer to the target. - 2026-10-09AdvancedEarnings
「Equity ratio Interim period of the fiscal year ending February 2027 28.2」
The equity ratio rose from 27.0% in the fiscal year ending February 2026 to 28.2%, moving closer to the medium- to long-term target of 30%. - FY2026WorsenedAnnual report
「Against the specific medium- to long-term target of 8% ROE, actual ROE was △5.5%, while the equity ratio was 27.0% against the 30% target.」
ROE was △5.5% against the 8% target, while the equity ratio was 27.0% against the 30% target, missing both targets. ROE fell sharply from 8.9% in the previous fiscal year. - 2026-04-10AdvancedEarnings
「Fiscal year ending February 2026 14,400 3,883 27.0」
The equity ratio rose from 26.0% in the previous fiscal year to 27.0%, moving closer to the medium- to long-term target of 30% but remaining below it. - FY2026-H1AdvancedAnnual report
「Equity ratio (%) 27.01 28.88 25.99」
The equity ratio rose from 27.01% in the same period of the previous year to 28.88%, approaching the medium- to long-term benchmark of 30%, but remained below it. - FY2025AdvancedAnnual report
「In addition, actual ROE was 8.9% against the medium-term management plan target of 8%, while the equity ratio was 26.0% against the 30% target.」
ROE was 8.9%, above the medium- to long-term target of 8%, while the equity ratio was 26.0%, below the 30% target. - FY2025-H1AdvancedAnnual report
「Equity ratio (%) 24.38 27.01 26.17」
The equity ratio rose to 27.01% at the end of the current interim period from 24.38% in the same period of the previous year and 26.17% at the end of the previous consolidated fiscal year. It remains below the medium- to long-term benchmark of 30%, but has improved from the most recent level. - FY2025-Q1Down year-end on year-end, but up year on yearAnnual report
「Equity ratio (%) 22.46 25.67 26.17」
The equity ratio was 25.67%, down from 26.17% at the end of the previous consolidated fiscal year but above 22.46% in the same period of the previous year. It remained below the medium- to long-term target of 30%. - FY2024AdvancedAnnual report
「Against the specific medium- to long-term target of 8% ROE, actual ROE was 16.4%, while the equity ratio was 26.2% against the 30% target.」
ROE was 16.4%, above the medium- to long-term target of 8%, and the equity ratio improved from 22.8% in the previous fiscal year to 26.2%. However, it remained below the 30% equity ratio benchmark. - FY2024-Q3Down from the previous quarter, up from the fiscal year-endAnnual report
「Equity ratio (%) 20.73 24.01 22.84」
The equity ratio was 24.01% at the end of the third quarter of the current fiscal year, above 22.84% at the end of the previous consolidated fiscal year but below 24.38% at the end of the second quarter of the previous fiscal year. It remains below the medium- to long-term benchmark of 30%. - FY2024-Q2AdvancedAnnual report
「Equity ratio (%) 21.66 24.38 22.84」
The equity ratio was 24.38% at the end of the second quarter of the current fiscal year, above both 21.66% in the same period of the previous year and 22.84% at the end of the previous consolidated fiscal year. It remains below the medium- to long-term benchmark of 30%, but has improved from the most recent level. - FY2024-Q1WorsenedAnnual report
「Equity ratio (%) 20.17 22.46 22.84」
The equity ratio was 22.46% at the end of the first quarter of the current fiscal year, down from 22.84% at the end of the previous consolidated fiscal year, and remains below the medium- to long-term benchmark of 30%. - FY2023-Q3WorsenedAnnual report
「Equity ratio (%) 18.33 20.73 20.89」
The equity ratio was 20.73% at the end of the third quarter of the current fiscal year, down from 20.89% at the end of the previous consolidated fiscal year. It remains below the medium- to long-term benchmark of 30%. - FY2023-Q2AdvancedAnnual report
「Equity ratio (%) 20.66 21.66 20.89」
The equity ratio rose to 21.66% at the end of the second quarter of the current fiscal year from 20.66% in the same period of the previous year and 20.89% at the end of the previous consolidated fiscal year. It remains below the medium- to long-term benchmark of 30%, but has improved from the most recent level. - FY2023-Q1WorsenedAnnual report
「Equity ratio (%) 21.15 20.17 20.89」
The equity ratio fell from 20.89% at the end of the previous consolidated fiscal year to 20.17%, widening the gap from the medium- to long-term benchmark of 30%. - FY2022WorsenedAnnual report
「Against the specific medium- to long-term target of 8% ROE, actual ROE was 3.2%, while the equity ratio was 20.9% against the 30% target.」
Against the medium- to long-term targets of 8% ROE and a 30% equity ratio, actual results were 3.2% and 20.9%, respectively, clearly missing both targets for the full fiscal year. ROE fell from 4.8% in the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「Equity ratio (%) 20.02 18.33 20.23」
The equity ratio fell from 20.02% in the same period of the previous year to 18.33%, further lowering the level relative to the long-term benchmark of 30%. - FY2022-Q2WorsenedAnnual report
「Equity ratio (%) 22.68 20.66 20.23」
The equity ratio fell from 22.68% in the same period of the previous year to 20.66%, lowering the level relative to the long-term benchmark of 30%. It remains above the 20.23% recorded at the end of the previous consolidated fiscal year. - FY2022-Q1AdvancedAnnual report
「Equity ratio (%) 21.60 21.15 20.23」
The equity ratio fell from 21.60% in the same period of the previous year to 21.15%, but rose from 20.23% at the end of the previous fiscal year. It remains below the medium- to long-term benchmark of 30%, but has improved from the most recent fiscal year-end level. - FY2021WorsenedAnnual report
「Against the specific medium- to long-term target of 8% ROE, actual ROE was 4.8%, while the equity ratio was 20.2% against the 30% target.」
Against the medium- to long-term targets of 8% ROE and a 30% equity ratio, actual results were 4.8% and 20.2%, respectively, with the shortfall against both targets stated for the full fiscal year. - FY2021-Q3WorsenedAnnual report
「Equity ratio (%) 22.38 20.02 22.74」
The equity ratio fell from 22.38% in the same period of the previous year to 20.02%, further lowering the current level relative to the long-term benchmark of a 30% equity ratio. - FY2021-Q2WorsenedAnnual report
「Equity ratio (%) 25.08 22.68 22.74」
The equity ratio fell from 22.74% at the end of the previous fiscal year to 22.68%, and the current level remains below the long-term benchmark of a 30% equity ratio. - FY2021-Q1WorsenedAnnual report
「Equity ratio (%) 22.42 21.60 22.74」
The equity ratio fell from 22.42% in the same period of the previous year to 21.60%, lowering the current level relative to the long-term benchmark of a 30% equity ratio. - FY2020First statedAnnual report
「The Sixth Medium-Term Management Plan (fiscal 2019–2021) will continue efforts to improve financial stability, working toward an equity ratio of 30% as a long-term benchmark. Regarding profitability indicators, the company has designated return on equity (ROE) as an important indicator and will work to improve profitability, targeting 8% or higher over the long term.」
The company identifies an equity ratio of 30% and ROE of at least 8% as targets for financial stability and profitability under the Sixth Medium-Term Management Plan, stating them as standalone themes for the first time.