ROIC-focused capital allocation
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2026: 2 of 14 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「We are improving incentives by incorporating ROIC into performance evaluation metrics, setting targets at the divisional level through the deployment of an ROIC tree, and managing and reporting monthly progress.」
Made capital efficiency management more specific by incorporating ROIC into performance evaluation, divisional targets, and monthly management, including through pricing and costs, SG&A expenses, the cash conversion cycle, and investment evaluation. - FY2022AdvancedAnnual report
「Going forward, while continuing to place importance on the net debt-to-EBITDA ratio, we will focus investment on high-ROIC growth areas that will be sources of future cash flow and earnings, and work to further improve margins and strengthen our financial position.」
Made the ROIC-focused capital allocation policy more specific by focusing investment on high-ROIC growth areas that will be sources of future cash flow and earnings. - FY2021First statedAnnual report
「Three years ago, we introduced ROIC globally as an internal management metric and have placed importance on it in making investment decisions.」
For the first time, separately identified a policy of using ROIC as a global internal management metric in investment decisions and allocating funds to investments that generate future cash flow, including new and differentiated products, productivity improvements, and DX.