Rigorously screening investment opportunities, with ROE of 15% as a benchmark
First written in FY2018. 5 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2021: 3 of 11 companies on the "Worse" side.
19 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「When deciding whether to proceed with individual investment projects, we emphasize capital efficiency and pursue management that is conscious of ROE, including by applying hurdle rates above the cost of capital. ROE, defined as profit attributable to owners of the parent divided by equity attributable to owners of the parent, was 31.0% for the fiscal year ending March 2026.」
The company continued selecting investments using hurdle rates above the cost of capital, and ROE rose from 22.6% for the fiscal year ended March 2025 to 31.0% for the fiscal year ended March 2026. - 2026-05-22AdvancedGeneral Meetings of Shareholders
「When deciding whether to proceed with individual investment projects, we emphasize capital efficiency and pursue management that is conscious of ROE, including by applying hurdle rates above the cost of capital. ROE, defined as profit attributable to owners of the parent divided by equity attributable to owners of the parent, was 31.0% for the fiscal year ending March 2026.」
The company reiterated its policy of screening investments using hurdle rates above the cost of capital and disclosed ROE of 31.0%. - FY2025AdvancedAnnual report
「In deciding whether to proceed with individual investment projects, the company emphasizes capital efficiency and pursues management focused on ROE by applying hurdle rates above its cost of capital, among other measures. ROE (profit attributable to owners of the parent divided by equity attributable to owners of the parent) was 22.6% for the fiscal year ended March 2025.」
The company continued selecting investments using hurdle rates above the cost of capital, and ROE was 22.6% for FY2025. - FY2024AdvancedAnnual report
「In deciding whether to proceed with individual investment projects, the company emphasizes capital efficiency and pursues management focused on ROE by applying hurdle rates above its cost of capital, among other measures. ROE (profit attributable to owners of the parent divided by equity attributable to owners of the parent) was 19.5% for the fiscal year ended March 2024.」
Under its policy of using ROE of 15% as a benchmark for capital efficiency, ROE was 19.5% for FY2024, and the company continued selecting investments using hurdle rates above the cost of capital. - FY2022RestatedAnnual report
「For capital efficiency, the company has set a target ROE of 15% as a benchmark. When deciding whether to proceed with an individual investment project, it seeks to achieve capital efficiency by applying a hurdle rate above its cost of capital, among other measures.」
The company has reconfirmed its 15% ROE benchmark and its selection of investment projects using hurdle rates above the cost of capital. - FY2020AdvancedAnnual report
「When deciding whether to proceed with an individual investment project, the company seeks to achieve capital efficiency by applying a hurdle rate above its cost of capital, among other measures.」
In addition to its policy of using ROE of 15% as a benchmark for capital efficiency, the company has specified that it applies hurdle rates above the cost of capital to individual investment projects. - FY2020-Q1RestatedAnnual report
「As a benchmark for capital efficiency, the company has established stringent criteria for investment projects and set a target ROE of 15%.」
The company has reconfirmed its policy of rigorously selecting investment projects and using ROE of 15% as a benchmark for capital efficiency. - FY2019RestatedAnnual report
「As a benchmark for capital efficiency, the company has established stringent criteria for investment projects and set a target ROE of 15%.」
The company has reconfirmed its policy on investment-project selection criteria and using ROE of 15% as a benchmark for capital efficiency. - FY2019-Q3RestatedAnnual report
「As a benchmark for capital efficiency, the company has established stringent criteria for investment projects and set a target ROE of 15%.」
The company has reconfirmed its policy of rigorously selecting investment projects and using ROE of 15% as a benchmark for capital efficiency. - FY2018First statedAnnual report
「As a benchmark for capital efficiency, the company has established stringent criteria for investment projects and set a target ROE of 15%.」
The company has presented a new management indicator for investment-project selection criteria and capital efficiency, using ROE of 15% as a benchmark.