Improving earnings power with a focus on the operating profit margin
First written in FY2018. 3 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
Daikoku Denki moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2023: 6 of 34 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ROE explicitly designated as the key management indicator instead of the operating profit marginAnnual report
「Accordingly, we use ROE (return on equity) as a key management indicator. ROE for the current consolidated fiscal year was 12.1%.」
The emphasis has shifted from the previous description focusing on the operating profit margin to one designating ROE, which indicates capital efficiency, as a key management indicator. ROE declined from 18.0% in the previous fiscal year to 12.1%. - FY2025Decline in ROEAnnual report
「ROE for the current consolidated fiscal year was 18.0%, down 4.8 percentage points from the previous consolidated fiscal year.」
ROE, a key indicator, declined from 22.8% in the previous fiscal year to 18.0%. - FY2024AdvancedAnnual report
「The operating profit margin for the current consolidated fiscal year was 22.3%, an increase of 9.7 percentage points from the previous consolidated fiscal year.」
The operating profit margin, a key management indicator, increased by 9.7 percentage points from the previous fiscal year to 22.3%. - FY2022AdvancedAnnual report
「The operating profit margin for the current consolidated fiscal year was 4.9%, an increase of 2.3 percentage points from the previous consolidated fiscal year.」
The operating profit margin, used as a key management indicator, increased from 2.6% in the previous fiscal year to 4.9%. - FY2021Decline in key metricsAnnual report
「The operating profit margin for the current consolidated fiscal year was 2.1%, down 2.2 percentage points from the previous consolidated fiscal year, partly due to the impact of the challenging business environment caused by the COVID-19 pandemic.」
The operating profit margin, used as a key management indicator, fell by 2.2 percentage points from the previous fiscal year to 2.1%. - FY2019AdvancedAnnual report
「The Group proposes products that create new markets through original ideas and technological capabilities, and believes that promoting management efficiency and increasing added value to improve profitability will maintain and strengthen competitiveness and lead to greater corporate value. Accordingly, it uses the operating profit margin as a key management indicator, which increased by 1.4 percentage points from the previous consolidated fiscal year to 4.9%.」
The operating profit margin, a key indicator, increased by 1.4 percentage points from the previous fiscal year to 4.9%. - FY2018First statedAnnual report
「The Group regards improving profitability by promoting management efficiency and increasing added value as a means of enhancing corporate and shareholder value, and uses the operating profit margin as a key management indicator.」
The company has stated for the first time its policy of assessing improved profitability from greater management efficiency and higher added value based on the operating profit margin.