ROIC Turning Positive and Target of at Least 5% in 2020
First written in FY2018. 3 of 8 entries say "Worsened", first in FY2024. Latest entry: FY2026.
W-Scope moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「ROIC, a measure of our corporate value, deteriorated from -1.55% to -10.06%.」
ROIC deteriorated from -1.55% in the previous fiscal year to -10.06%, moving further away from the target of 5% or higher, which exceeds investors' expected rate of return. - FY2025WorsenedAnnual report
「ROIC, a measure of our corporate value, declined from 3.69% to -1.55%.」
ROIC declined from 3.69% in the previous fiscal year to -1.55%, moving further below the target of 5% or higher, which exceeds investors' expected rate of return. - FY2024WorsenedAnnual report
「Our group's ROIC was 3.69%, as operating profit declined by ¥3,963 million year on year to ¥3,865 million.」
ROIC declined from 9.52% in the previous fiscal year to 3.69%, below the target of 5% or higher. Meanwhile, the company continues to improve and invest in equipment and expects improvement as demand recovers. - FY2022AchievedAnnual report
「Our group's ROIC for the current fiscal year improved by 6.57 percentage points year on year to 9.52%, as operating profit was ¥7,829 million.」
ROIC reached 9.52%, achieving the target of 5% or higher, which was intended to exceed investors' expected rate of return. - FY2021AdvancedAnnual report
「Our group's ROIC for the current fiscal year improved by 6.82 percentage points year on year to 2.95%, as operating profit was ¥1,898 million.」
ROIC improved by 6.82 percentage points from negative in the previous year to 2.95%, but remained below the target of 5% or higher, which exceeds investors' expected rate of return. - FY2020RestatedAnnual report
「Our group's ROIC for the current fiscal year was -3.87%, because operating loss was ¥2,837 million. This was because order volumes declined due to the spread of COVID-19, preventing us from securing the production volume initially anticipated and leaving us unable to absorb the increase in fixed costs through earnings. As the impact of COVID-19 on order volumes is recovering, we will work to turn ROIC positive in the fiscal year ending December 2021 and target ROIC above investors' expected rate of return, assumed to be 5% or higher.」
ROIC was -3.87% in 2020, but the previous targets of turning positive in 2021 and achieving 5% or higher were maintained. - FY2019SoftenedAnnual report
「Our group's ROIC for the current fiscal year was -4.06%, because net loss attributable to owners of the parent was ¥3,517 million. As in the previous year, costs increased as a result of upfront investment to enter the electric vehicle applications market in developed countries. We will work to turn ROIC positive in the fiscal year ending December 2020 and target ROIC above investors' expected rate of return, assumed to be 5% or higher, in the fiscal year ending December 2021.」
The ROIC targets were pushed back, with the deadline for turning positive changed from 2019 to 2020 and the deadline for achieving 5% or higher changed from 2020 to 2021. - FY2018First statedAnnual report
「Our group's ROIC for the current fiscal year was -5.99%, because net loss attributable to owners of the parent was ¥2,861 million. Costs increased as a result of upfront investment to enter the electric vehicle applications market in developed countries. We will work to turn ROIC positive in the fiscal year ending December 2019 and target ROIC above investors' expected rate of return, assumed to be 5% or higher, in the fiscal year ending December 2020.」
The company is using ROIC as a measure of corporate value in its engagement with investors, setting a positive ROIC in 2019 and ROIC of 5% or higher in 2020 as specific targets for the first time.