Considering Management Objectives with a Focus on ROE and Cost of Capital
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2024.
Oxide moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
The whole theme swung hardest in 2020: 13 of 67 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Going forward, we will focus on profitability and efficiency and newly adopt EBITDA margin, in addition to the conventional metric of operating margin, as an important management metric.」
Instead of the previous wording concerning the consideration of management objectives focused on ROE and the cost of capital, the company presented a framework of metrics centred on operating margin and EBITDA margin. - FY2022RestatedAnnual report
「ROE (return on equity) for the fiscal year was 16.3%, and we will consider management objectives focused on the efficiency of equity capital employed, including ROE, and the cost of capital.」
The company reported ROE of 16.3% and reiterated its policy of considering management objectives focused on ROE and the cost of capital going forward. - FY2021First statedAnnual report
「ROE (return on equity) for the fiscal year was 23.0%, and we will consider management objectives focused on the efficiency of equity capital employed, including ROE, and the cost of capital.」
After presenting current-period ROE, the company states that it will consider management objectives focused on the efficiency of equity capital and the cost of capital going forward.