Stable Financial Position, Improved Asset Efficiency and Corporate Value
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 6 of 42 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, we will continue to consider measures to improve capital efficiency.」
The ongoing policy is to target ROE above the cost of shareholders’ equity by strengthening the earnings base and improving capital efficiency. - 2026-05-12RestatedFinancial results presentation
「We will continue to consider measures to improve capital efficiency.」
The policy of continuing to consider capital-efficiency measures under the medium-term management plan is reaffirmed. - FY2025ReframedAnnual report
「ROE (return on equity) for the fiscal year ended March 2024 was 2.1%, below the cost of shareholders’ equity (approximately 7–8%), while PBR (price-to-book ratio) has remained below 1x.」
The former policy of improving the financial position, asset efficiency and corporate value has been specifically restructured into management that is conscious of the cost of capital and share price, using ROE, the cost of shareholders’ equity and PBR. - FY2020RestatedAnnual report
「In this industry, the Company is working to build a robust financial position for long-term stability in its management foundation, while also seeking to improve asset efficiency and achieve stable growth in corporate value.」
The ongoing policy is to maintain long-term financial stability, improve asset efficiency, and steadily enhance corporate value. - FY2019RestatedAnnual report
「In this industry, the Company is working to build a robust financial position for long-term stability in its management foundation, while also seeking to improve asset efficiency and achieve stable growth in corporate value.」
The ongoing policy is to maintain long-term financial stability, improve asset efficiency, and steadily enhance corporate value. - FY2018RestatedAnnual report
「In this industry, the Company is working to build a robust financial position for long-term stability in its management foundation, while also seeking to improve asset efficiency and achieve stable growth in corporate value.」
The ongoing policy is to maintain a stable financial position, improve asset efficiency, and steadily enhance corporate value. - FY2016First statedAnnual report
「In this industry, the Company is working to build a robust financial position for long-term stability in its management foundation, while also seeking to improve asset efficiency and achieve stable growth in corporate value.」
The Company continues to pursue financial stability, asset efficiency and corporate value in the highly cyclical electric-furnace steel industry.