Improving ROE and Strengthening Asset and Financial Soundness
First written in FY2016. 3 of 8 entries say "Raised", first in FY2021. Latest entry: 2026-05-29.
The whole theme swung hardest in 2023: 6 of 40 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023RaisedAnnual report
「Under Initiatives to Improve Capital Profitability 2027, the Group aims to achieve ROE of at least 8% in fiscal 2027, exceeding the cost of shareholders' equity, by setting an operating income target on the trajectory of Medium-Term Management Plan 2025 while reducing shareholders' equity.」
In addition to the 5% ROE target under the former Medium-Term Management Plan 2025, the Group set a higher capital profitability target of ROE of at least 8% for fiscal 2027. - FY2021RaisedAnnual report
「Under the five-year Medium-Term Management Plan 2025, covering fiscal 2021 through fiscal 2025, the Group has set numerical targets for fiscal 2025, the final year, including net sales of ¥850 billion, operating income of ¥50 billion, EBITDA of ¥110 billion and ROE of 5%.」
For ROE, the new medium-term plan set a numerical target of 5% for fiscal 2025. - FY2018SoftenedAnnual report
「The Group will pursue financial and capital policies that balance investment in growth strategies with financial soundness.」
The ROE target of 4.0% under the former Fourth Medium-Term Management Plan was not specified in the discontinued Fifth Plan, and was replaced with language referring to balancing growth investment and financial soundness. - FY2017RestatedAnnual report
「Under this plan, ROE is identified as a key management metric and the Group will work to improve it. The Group recognizes that improving asset efficiency, in addition to improving earnings, is essential to raising ROE. Along with earnings improvement through structural reform, it will again work to strengthen its assets and financial soundness, improve asset efficiency, and prepare for future growth investments.」
The Group reaffirmed its policy of improving ROE through earnings improvement from structural reform and stronger asset and financial soundness. The overall plan also set a numerical target of ROE of 4.0% for fiscal 2018. - FY2016First statedAnnual report
「Under this plan, ROE is identified as a key management metric and the Group will work to improve it.」
The Group stated that it would prepare for future growth investments through earnings improvement from structural reform, improved asset efficiency, and stronger asset and financial soundness.