ROE above 10%, credit quality equivalent to an A rating, and a D/E ratio of around 50%
First written in FY2016. 4 of 16 entries say "Restated". Latest entry: 2026-11-06.
JFE Holdings moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 9 of 43 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026ROE and Debt/EBITDA targets missed; D/E ratio within targetAnnual report
「ROE At least 10% 2.7% Debt/EBITDA ratio Approximately 3x 4.8x D/E ratio Approximately 60% 59.4%」
Against the fiscal 2027 targets, ROE was 2.7%, the Debt/EBITDA ratio was 4.8x and the D/E ratio was 59.4%. While the D/E ratio was below the target of approximately 60%, ROE and the Debt/EBITDA ratio were below their target levels. - FY2025ReframedAnnual report
「As the financial targets under the Eighth Medium-Term Management Plan, we set the Debt/EBITDA ratio and D/E ratio at approximately 3x and approximately 60%, respectively.」
Actual results in fiscal 2024 were ROE of 3.7%, a Debt/EBITDA ratio of 4.5x and a D/E ratio of 54.3%. Under the Eighth Medium-Term Plan, the Debt/EBITDA target of approximately 3x was maintained, while the D/E ratio target was changed from approximately 70% to approximately 60%. - FY2024Improved financial metrics; ROE target missedAnnual report
「ROE 10% Debt/EBITDA ratio approximately 3x D/E ratio approximately 70% Actual (fiscal 2023) 8.6% 3.2x 58.0%」
ROE was 8.6% against the 10% target and the Debt/EBITDA ratio was 3.2x against a target of approximately 3x, while the D/E ratio improved to 58.0%, below the target of approximately 70%. - FY2023Deviation from ROE and Debt/EBITDA targetsAnnual report
「ROE 10% Debt/EBITDA ratio approximately 3x D/E ratio approximately 70% Fiscal 2022 7.9% 3.7x 67.8%」
In fiscal 2022, ROE was 7.9% and the Debt/EBITDA ratio was 3.7x, below the targets, while the D/E ratio was 67.8%, below the target of approximately 70%. - FY2022AdvancedAnnual report
「ROE 10% Debt/EBITDA ratio approximately 3x D/E ratio approximately 70%」
Against the financial targets under the Seventh Medium-Term Management Plan, actual results in fiscal 2021 were ROE of 15.7%, a Debt/EBITDA ratio of 2.8x and a D/E ratio of 80.8%. - FY2021ReframedAnnual report
「For the final year of this Medium-Term Management Plan, we have set financial and earnings targets of ROE of 10%, consolidated business profit of ¥320 billion and profit attributable to owners of the parent of ¥220 billion, and will steadily implement the relevant measures.」
ROE was △1.3%, the D/E ratio was 93.2% and the Debt/EBITDA ratio was 8.1x in fiscal 2020. Under the Seventh Medium-Term Plan, new financial targets were set for the final year: ROE of 10%, a Debt/EBITDA ratio of approximately 3x and a D/E ratio of approximately 70%. - FY2020Widening deviation from financial targetsAnnual report
「ROE (Note 1) 8.6% △11.1% D/E ratio (Note 2) 68.2% 96.4% Debt/EBITDA ratio (Note 4) 3.6x 6.7x」
ROE was △11.1%, the D/E ratio was 96.4% and the Debt/EBITDA ratio was 6.7x in fiscal 2019, widening the deviation from the financial targets from the previous fiscal year. - FY2019Disclosure of first-year resultsAnnual report
「ROE (Note 1) － 5.4% 8.6% D/E ratio (Note 2) 55.9% 63.7% 68.2% Debt/EBITDA ratio (Note 4) － 3.5x 3.6x」
ROE was 8.6%, the D/E ratio was 68.2% and the Debt/EBITDA ratio was 3.6x in fiscal 2018, as disclosed. - FY2018ReframedAnnual report
「We are implementing various measures to achieve an ROE of 10% by strengthening our domestic earnings base and expanding earnings from overseas businesses. At the same time, while making investments aimed at group growth, we are improving earnings and cash flow to establish a financial structure required for an A credit rating, with a target Debt/EBITDA ratio of less than 3x.」
The expression of the indicators was changed from the Fifth Medium-Term Management Plan's financial targets of ROE above 10% and a D/E ratio of approximately 50% to a Debt/EBITDA ratio of less than 3x, with an awareness of an ROE of 10% and an A-equivalent rating. - FY2017RestatedAnnual report
「○ Financial targets Return on equity (ROE) ・・・・・・・・・・・・・・・ Above 10% Credit rating ・・・・・・・・・・・ A equivalent (D/E ratio: approximately 50%)」
No change was indicated in the financial targets of ROE above 10%, an A-equivalent rating and a D/E ratio of approximately 50%. - FY2016First statedAnnual report
「○ Financial targets Return on equity (ROE) ・・・・・・・・・・・・・・・ Above 10% Credit rating ・・・・・・・・・・・ A equivalent (D/E ratio: approximately 50%)」
Medium-term financial targets concerning profitability, creditworthiness and financial leverage.