Capital and asset efficiency management using ROE, operating margin, and equity ratio
First written in FY2017. 4 of 15 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Yamashin-Filter Corp. moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Other".
- FY2026ROE UpdatedAnnual report
「Return on equity (%) 0.2 3.1 3.7 7.8 7.6」
Consolidated ROE fell from 7.8% in the previous fiscal year to 7.6%. The target of improving capital efficiency itself continues under the medium-term management plan. - FY2025RaisedAnnual report
「As quantitative targets for the fiscal year ending March 2028, the medium-term management plan discloses MAVY's at least 2%, ROIC of at least 10% and WACC of no more than 7.3% as financial targets; an FTSE 4.0 rating and acquisition of a CDP A score as non-financial targets; and DOE of at least 10% and a dividend payout ratio of at least 80% as shareholder-return targets.」
The company updated its framework from the previous ROIC target of 8.0% or higher and WACC of approximately 7.5% to more specific and ambitious capital efficiency targets, including ROIC of 10% or higher and WACC of 7.3% or lower for the fiscal year ending March 2028. - FY2025-H1RestatedAnnual report
「The company makes the sustained expansion of MAVY's as a corporate value indicator a fundamental management objective. However, the company's weighted average cost of capital (WACC) is approximately 7.5% and ROIC for the previous fiscal year was approximately 4.9%, meaning that ROIC is below the cost of capital. Accordingly, improving ROIC to 8.0% or higher is an urgent priority.」
The company continues its capital efficiency management using MAVY's, WACC and ROIC, together with its target of improving ROIC to 8.0% or higher. It has also disclosed a management framework that sets ROE and PBR as KGIs and KPIs and KSFs as other management indicators. - FY2024ReframedAnnual report
「The company makes the sustained expansion of MAVY's as a corporate value indicator a fundamental management objective. However, the company's weighted average cost of capital (WACC) is approximately 7.5% and ROIC is approximately 4.9%, meaning that ROIC is below the cost of capital. Accordingly, improving ROIC to 8.0% or higher is an urgent priority.」
The company reorganized its explanation of capital efficiency management using ROE, ROA, ROIC and other measures into a management framework based on its proprietary MAVY's indicator, WACC, ROIC, and KGI, KPI and KSF, and disclosed a target of improving ROIC to 8.0% or higher. - FY2024-Q1RestatedAnnual report
「By strengthening our ability to adapt to changes in the external environment and risks, we will work to further improve capital efficiency and expand profitability.」
The company continues to pursue a policy of improving capital efficiency and profitability by strengthening its ability to adapt to the external environment and risks. - FY2023AdvancedAnnual report
「Of these indicators, the Group places particular emphasis on ROE, which was 3.1% for the current fiscal year. The target for this indicator is 20% or higher.」
ROE improved from 0.2% in the previous fiscal year to 3.1%, although a gap remains relative to the target of 20% or higher. - FY2023-Q3RestatedAnnual report
「By strengthening our ability to adapt to changes in the external environment and risks, we will work to further improve capital efficiency and expand profitability.」
The company continues to link its policy of further improving capital efficiency and expanding profitability with measures to adapt to the external environment and risks. - FY2022WorsenedAnnual report
「Of these indicators, the Group places particular emphasis on ROE, which was 0.2% for the current fiscal year. The target for this indicator is 20% or higher.」
The ROE target of 20% or higher was maintained, while ROE fell to 0.2% from 3.9% in the previous fiscal year. The explanation was also expanded to a framework using MARVY's, WACC, ROIC and ROA. - FY2020WorsenedAnnual report
「Of these indicators, the Group places particular emphasis on ROE, which was 3.3% for the current fiscal year. The target for this indicator is 20% or higher.」
The ROE target of 20% or higher was maintained, while current-year ROE fell to 3.3% from 8.1% in the previous fiscal year. - FY2019RaisedAnnual report
「Of these indicators, the Group places particular emphasis on ROE, which was 8.1% for the current fiscal year. The target for this indicator is 20% or higher.」
The ROE target was raised from the 9.0% indicated for the previous fiscal year to 20% or higher. Current-year ROE was reported at 8.1%. - FY2018ReframedAnnual report
「The Group has adopted return on equity (ROE), return on assets (ROA), return on invested capital (ROIC) and other measures as management indicators in order to promote management focused on capital and asset efficiency, with the ultimate goal of enhancing corporate value. Of these indicators, the Group places particular emphasis on ROE, which was 7.6% for the current fiscal year (*). The target for this indicator is 9.0% for the fiscal year ending March 2019.」
The company reorganized its indicator framework from the previous ROE, operating margin, equity ratio and other measures to ROE, ROA, ROIC and other measures, and disclosed current-year ROE of 7.6% and a target of 9.0% for the fiscal year ending March 2019. - FY2017First statedAnnual report
「The Group has adopted return on equity (ROE), operating margin, equity ratio and other measures as management indicators in order to promote management focused on capital and asset efficiency, with the ultimate goal of enhancing corporate value.」
The company has newly stated its policy of adopting ROE, operating margin, equity ratio and other measures as management indicators to enhance corporate value.