Setting Capital Efficiency Targets Using ROE and ROIC
First written in FY2020-Q1. 4 of 11 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2023: 6 of 40 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「ROE： 7.7％ ROIC： 6.9％」
ROE was 7.7% and ROIC was 6.9% in FY2026, down from the previous fiscal year’s ROE of 13.7% and ROIC of 12.2%. - 2026-05-22RaisedManagement Planning
「ROE of at least 12.0%」
An ROE target of at least 12.0% was set for fiscal 2029 under Dash 35. - FY2025AdvancedAnnual report
「ROE： 13.7％ ROIC： 12.2％」
ROIC improved from 11.8% in the previous fiscal year to 12.2%, but remained below the Realize 25 target level of 15%. - FY2024Decline in actual ROICAnnual report
「FY2023 actual results Revenue: ¥575.6 billion Operating profit: ¥66.2 billion Operating margin: 11.5% ROE: 13.6% ROIC: 11.8% Payout ratio: 33.0%」
ROIC of 11.8% was reported as a financial result under Realize 25, down from 14.6% in FY2023. - FY2023AdvancedAnnual report
「(e) ROIC achievement (fiscal year) 15.0% 14.6%」
Actual ROIC was 14.6% against the Challenge 25 Plus FY2022 target of 15.0%, improving from the previous fiscal year’s actual result of 13.3%. - FY2022AdvancedAnnual report
「(e) ROIC achievement (fiscal year) 11.3% 13.3% 15.0%」
Against the Challenge 25 Plus ROIC target of 11.3% for FY2021, actual ROIC was 13.3%, indicating progress toward the FY2022 target of 15.0%. - FY2021SoftenedAnnual report
「(e) ROIC achievement (fiscal year) 11.3% 15.0%」
The ROIC target was set at 15% for the final year of Challenge 25, while under Challenge 25 Plus it was set at 11.3% for FY2021 and 15.0% for FY2022, pushing back the timing for achieving 15% by one year. - FY2020AdvancedAnnual report
「Final-year ROIC achievement 15% or higher」
ROIC of 15% or higher in the final year was explicitly included as an evaluation metric for executive share-based compensation under Challenge 25, incorporating the ROIC target into a system with a specific target level. - FY2020-Q3RestatedAnnual report
「In addition to ROE, we newly adopted ROIC as a capital efficiency indicator and set targets for the efficiency of invested capital, including interest-bearing debt.」
The policy of using ROE and ROIC as capital efficiency indicators and managing the efficiency of invested capital against targets is continuing. - FY2020-Q2RestatedAnnual report
「In addition to ROE, we newly adopted ROIC as a capital efficiency indicator and set targets for the efficiency of invested capital, including interest-bearing debt.」
The Company is reaffirming its policy of using ROE and ROIC as capital efficiency indicators and managing the efficiency of invested capital against targets. - FY2020-Q1First statedAnnual report
「In addition to ROE, we newly adopted ROIC as a capital efficiency indicator and set targets for the efficiency of invested capital, including interest-bearing debt.」
In addition to the previous ROE, ROIC was adopted, and targets were also set for the efficiency of invested capital, including interest-bearing debt.