Profitability management aimed at improving ROE and ROA
First written in FY2018. 8 of 19 entries say "Restated". Latest entry: FY2026.
Yamazaki moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2019: 6 of 35 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Although the Group has not established specific numerical targets, it aims to improve return on equity (ROE) and return on assets (ROA). ROE for the consolidated fiscal year was negative 29.4% (4.1% in the previous consolidated fiscal year), and ROA was negative 10.0% (1.5% in the previous consolidated fiscal year), deteriorating from the previous consolidated fiscal year due to the recognition of a loss during the consolidated fiscal year.」
The policy of not establishing specific numerical targets was maintained, but both ROE and ROA turned from positive levels in the previous year to substantially negative levels. - 2026-05-08WorsenedRevision of earnings forecasts
「Return on equity Fiscal year ended March 2026 — Fiscal year ended March 2025 4.1」
ROE was not presented for the current fiscal year because the Company recorded a net loss, compared with 4.1% in the previous fiscal year. - FY2026-H1RestatedAnnual report
「There have been no material changes during the current interim consolidated accounting period to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets.」
No material changes were identified in the objective indicators used to assess progress toward management targets, including improvements in ROE and ROA. - FY2025AdvancedAnnual report
「Although the Group has not established specific numerical targets, it aims to improve return on equity (ROE) and return on assets (ROA). ROE for the consolidated fiscal year was 4.1% (negative 2.4% in the previous consolidated fiscal year), and ROA was 1.5% (negative 0.8% in the previous consolidated fiscal year), showing improvement from the previous consolidated fiscal year.」
ROE and ROA did more than narrow their negative margins, turning positive. The policy of not establishing specific numerical targets was maintained. - FY2024AdvancedAnnual report
「ROE for the fiscal year was negative 2.4%, compared with negative 7.4% in the previous fiscal year, and ROA was negative 0.8%, compared with negative 2.7%. Although both improved from the previous fiscal year, this was due to the recognition of a net loss attributable to owners of the parent.」
The negative margins for ROE and ROA narrowed, but no specific numerical targets have been established, and both indicators remain negative. - FY2024-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
No material changes were identified in the objective indicators used to assess progress toward management targets, including improvements in ROE and ROA. - FY2024-Q1WorsenedAnnual report
「The Group's net sales for the first quarter of the current consolidated cumulative period were ¥621 million, down 16.7% year on year. In terms of earnings, operating loss was ¥48 million (operating loss of ¥17 million in the same period of the previous year), ordinary loss was ¥34 million (ordinary loss of ¥10 million in the same period of the previous year), and the net loss attributable to owners of the parent was ¥37 million (net loss attributable to owners of the parent of ¥7 million in the same period of the previous year).」
Under profitability management aimed at improving ROE and ROA, net sales decreased during the quarter, while operating loss, ordinary loss and net loss widened from the same period of the previous year. - FY2023AdvancedAnnual report
「Although the Group has not established specific numerical targets, it aims to improve return on equity (ROE) and return on assets (ROA). ROE for the consolidated fiscal year was negative 7.4% (negative 8.6% in the previous consolidated fiscal year), and ROA was negative 2.7% (negative 3.5% in the previous consolidated fiscal year), improving from the previous consolidated fiscal year, although this was due to the recognition of a net loss attributable to owners of the parent.」
ROE improved from negative 8.6% to negative 7.4%, and ROA from negative 3.5% to negative 2.7%. However, no specific numerical targets have been established, and both indicators remain negative. - FY2023-Q3RestatedAnnual report
「There were no material changes during the nine-month period under review to the objective indicators used to assess progress toward the Group’s management policies, management strategies and management targets.」
No material changes were identified in the objective indicators used to assess progress toward management targets, including improvements in ROE and ROA. - FY2023-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
No material changes were identified in the objective indicators used to assess progress toward management targets, including improvements in ROE and ROA. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
No material changes were identified in the management policy, management strategy or objective indicators used to assess progress toward targets, and the treatment of profitability management, including improving ROE and ROA, was maintained. - FY2022AdvancedAnnual report
「Although the Group has not established specific numerical targets, it aims to improve return on equity (ROE) and return on assets (ROA). ROE for the consolidated fiscal year was negative 8.6% (negative 19.5% in the previous consolidated fiscal year), and ROA was negative 3.5% (negative 8.7% in the previous consolidated fiscal year), improving from the previous consolidated fiscal year, although this was due to the recognition of a net loss attributable to owners of the parent.」
The policy of not setting specific numerical targets for ROE and ROA was maintained, while both indicators improved from negative levels in the previous year. However, both remained negative. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
No material changes were identified in the management policy, management strategy or objective indicators used to assess progress toward targets, and the treatment of profitability management, including improving ROE and ROA, was maintained. - FY2021WorsenedAnnual report
「ROE for the consolidated fiscal year was negative 19.5% (4.1% in the previous consolidated fiscal year), and ROA was negative 8.7% (1.8% in the previous consolidated fiscal year), deteriorating from the previous consolidated fiscal year. This was due to an increase in the net loss attributable to owners of the parent.」
ROE deteriorated from 4.1% to negative 19.5%, and ROA from 1.8% to negative 8.7%. While the policy of not setting specific numerical targets was maintained, performance against the targeted profitability indicators declined. - FY2021-Q3RestatedAnnual report
「There were no material changes during the nine-month period under review to the objective indicators used to assess progress toward the Group’s management policies, management strategies and management targets.」
No material changes were identified in the management policy, management strategy or objective indicators used to assess progress toward targets, and the treatment of profitability management, including improving ROE and ROA, was maintained. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
No material changes were identified in the management policy, management strategy or objective indicators used to assess progress toward targets, and the treatment of profitability management, including improving ROE and ROA, was maintained. - FY2020WorsenedAnnual report
「Although the Group has not established specific numerical targets, it aims to improve return on equity (ROE) and return on assets (ROA). ROE for the consolidated fiscal year was 4.1% (10.6% in the previous consolidated fiscal year), and ROA was 1.8% (4.5% in the previous consolidated fiscal year), deteriorating from the previous consolidated fiscal year.」
The policy of not setting specific numerical targets was maintained, but ROE deteriorated from 10.6% to 4.1% and ROA from 4.5% to 1.8%. - FY2019AdvancedAnnual report
「Although the Group has not established specific numerical targets, it aims to improve return on equity (ROE) and return on assets (ROA). ROE for the consolidated fiscal year was 10.6% (2.4% in the previous consolidated fiscal year), and ROA was 4.5% (1.0% in the previous consolidated fiscal year), representing significant improvement from the previous consolidated fiscal year. This was mainly due to higher net sales and various cost-reduction initiatives, including a review of production processes and optimal personnel allocation.」
While explicitly stating that no specific numerical targets have been set, ROE improved from 2.4% to 10.6% and ROA from 1.0% to 4.5%. - FY2018First statedAnnual report
「From the perspective of profitability for shareholders, we will continually work to improve earnings and manage the Company with an awareness of cost reduction, using improvements in return on equity (ROE) and return on assets (ROA) as management indicators and targets, while aiming to become a research and development-oriented company.」
Confirmed for the first time that ROE and ROA improvement are management targets. Earnings improvement and cost reduction are both stated.