Improving ROE through management reforms
First written in FY2017. 5 of 11 entries say "Advanced", first in FY2019. Latest entry: FY2026.
Techno Smart Corp. moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
19 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「We expect ROE of 6% to 9%, below the 9% to 10% cost of shareholders' equity. From the fiscal year ending March 2030 onward, we will work to improve capital efficiency, including balance sheet reform, to achieve ROE above the cost of shareholders' equity.」
Against the Third Medium-Term Management Plan target of ROE of at least 9%, the Fourth Medium-Term Management Plan assumes ROE of 6% to 9% for fiscal 2026 through fiscal 2028 and sets the timing for achieving ROE above the cost of shareholders' equity at the fiscal year ending March 2030 or later. - 2026-05-13WorsenedEarnings
「自己資本利益率 8.9 12.2」
ROEは前期の12.2％から8.9％へ低下した。 - FY2025AdvancedAnnual report
「ROE for the fiscal year was 12.2%, an improvement of 2.8 percentage points from the previous fiscal year, while DOE was 5.2%, an improvement of 0.1 percentage points.」
ROE improved from 9.4% in the previous fiscal year to 12.2%, while DOE improved from 5.1% to 5.2%. Both exceeded the Fourth? No, the Third Medium-Term Management Plan targets for fiscal 2024 of ROE of at least 8.5% and DOE of at least 5%. - FY2024AdvancedAnnual report
「ROE for the fiscal year was 9.4%, an improvement of 0.5 percentage points from the previous fiscal year, while DOE was 5.1%, an improvement of 0.1 percentage points.」
ROE improved from 8.9% in the previous fiscal year to 9.4%, exceeding the Third Medium-Term Management Plan target of at least 8% for fiscal 2023. DOE was also 5.1%, exceeding the target of at least 5%. - FY2023RaisedAnnual report
「As a result, we newly set achieving ROE above the cost of capital as an important goal, in addition to earnings growth through our business strategies. We raised the target level for DOE from 1% to 5% or higher, with the aim of stabilizing and expanding shareholder returns and improving capital efficiency.」
For ROE, a level above the cost of capital was set as a new important goal. Under the Third Medium-Term Management Plan, targets of at least 8% for fiscal 2023, at least 8.5% for fiscal 2024, and at least 9% for fiscal 2025 were established. ROE for the fiscal year was 8.9%. - FY2022AdvancedAnnual report
「ROE for the fiscal year was 6.8%, an improvement of 3.3 percentage points year on year. Development investment-related expenses arise in some years, making ROE difficult to introduce as a management benchmark, but we intend to continue working to improve this indicator.」
The policy of improving ROE continued, and ROE improved by 3.3 percentage points from 3.5% in the previous fiscal year to 6.8%. - FY2021WorsenedAnnual report
「ROE for the fiscal year was 3.4%, a deterioration of 9.6 percentage points year on year. Development investment-related expenses arise in some years, making ROE difficult to introduce as a management benchmark, but we intend to continue working to improve this indicator.」
The policy of improving ROE continued, but ROE deteriorated by 9.6 percentage points from 13.0% in the previous fiscal year to 3.4%. - FY2020AdvancedAnnual report
「ROE for the fiscal year was 13.0%, an improvement of 1.3 percentage points year on year. Development investment-related expenses arise in some years, making ROE difficult to introduce as a management benchmark, but we intend to continue working to improve this indicator.」
The policy of improving ROE continued, and ROE improved by 1.3 percentage points from 11.7% in the previous fiscal year to 13.0%. - FY2019AdvancedAnnual report
「Return on equity (%) 11.7」
While the policy of pursuing management reforms to improve ROE continued, ROE for the fiscal year was 11.7%, up from 6.9% in the previous fiscal year. - FY2018RestatedAnnual report
「As a result, total assets and net assets fluctuate significantly from year to year, making it structurally difficult to introduce management benchmark indicators such as ROA and ROE. Under the business plan, however, we intend to pursue management reforms so that ROE will continue to improve.」
The structural difficulty of using ROA and ROE as benchmark indicators because production is order-based, as well as the intention to pursue management reforms to improve ROE, was reaffirmed. - FY2017First statedAnnual report
「Under the business plan, we intend to pursue management reforms so that ROE will continue to improve.」
After explaining the structural difficulty of introducing ROA and ROE as benchmark indicators because production is order-based, the intention to pursue management reforms to improve ROE was stated for the first time.