Profitability and asset-efficiency management using consolidated ROE as a key management indicator
First written in FY2017. 1 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 29 of 112 companies on the "Worse" side.
28 other companies' latest entry also says "Other".
- FY2025ROE below targetAnnual report
「To strike a balance between improving profitability and capital efficiency and maximize corporate value, the Group has set targets of consolidated ROE (return on equity) of 10% or more, an operating margin of 10% or more, and a total payout ratio of 50% or more, and aims to maintain and improve PBR at 1x or more.」
Although the Group continued to set targets including ROE of 10% or more, actual consolidated ROE for the fiscal year was 7.0%, below the target. - FY2024ROE below targetAnnual report
「To maximize corporate value by pursuing improved profitability and capital efficiency in a balanced manner, our group sets targets of consolidated ROE (return on equity) of 10% or more, an operating margin of 10% or more, and a total payout ratio of 50% or more.」
The target of consolidated ROE of 10% or more has been maintained and expanded, but actual consolidated ROE for the fiscal year was 9.3%, below the target. - FY2023AchievedAnnual report
「Our group aims to maximize corporate value by pursuing improved profitability and capital efficiency in a balanced manner, and aims to achieve a total payout ratio of 30% or more and consolidated ROE (return on equity) of 10% or more.」
Consolidated ROE for the current consolidated fiscal year was 10.6%, exceeding the previously stated target of 10% or more. - FY2022ROE target not achievedAnnual report
「Our group aims to maximize corporate value by pursuing improved profitability and capital efficiency in a balanced manner, and aims to achieve a total payout ratio of 30% or more and consolidated ROE (return on equity) of 10% or more.」
The targets of a total payout ratio of 30% or more and consolidated ROE of 10% or more continue. Consolidated ROE for the current year was stated as 8.1%, below the ROE target. - FY2021Quantitative target establishedAnnual report
「Our group aims to enhance corporate value by pursuing an appropriate asset scale and improved profitability in a balanced manner, and aims to increase the total distribution ratio and achieve consolidated ROE (return on equity) of 10% or more.」
In addition to the previous explanation identifying consolidated ROE as the primary management metric, a specific target of consolidated ROE of 10% or more was stated. - FY2018RestatedAnnual report
「Our group aims to enhance corporate value by pursuing an appropriate asset scale and improved profitability in a balanced manner, and uses consolidated ROE (return on equity) as its primary management metric.」
The policy of managing asset scale and profitability with consolidated ROE as the primary management metric continues. - FY2017First statedAnnual report
「Our group aims to enhance corporate value by pursuing an appropriate asset scale and improved profitability in a balanced manner, and uses consolidated ROE (return on equity) as its primary management metric.」
Consolidated ROE was positioned as the primary management metric for enhancing corporate value through an appropriate asset scale and improved profitability.