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Nec (6701) · TargetReframed

Profitability-focused management that places the highest priority on ROE

First written in FY2017. 2 of 7 entries say "Reframed", first in FY2022. Latest entry: 2026-05-12.

7entries
10years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019ReframedFY20222017: 120172018: 120182019: 120192020: 020202021: 020212022: 120222023: 020232024: 020242025: 020252026: 32026
Same theme, other companies
ROE Improvement TargetA theme 254 companies write about · 3 as a headwind · 254 as a tailwind

The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.

6 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Comparing 200 of the theme's 258 threads.
Full recordFilings, disclosures and news, newest first
  2. FY2022ReframedAnnual report

    「Through these initiatives, we aim to achieve, in fiscal 2025, an EBITDA growth rate of 9% and an engagement score of 50%, as well as revenue of ¥3.5 trillion, adjusted operating profit of ¥300.0 billion, representing a margin of 8.6%, adjusted net profit of ¥185.0 billion, representing a margin of 5.3%, EBITDA of ¥450.0 billion, representing a margin of 12.9%, and ROIC of 6.5%.」

    The 2025 Medium-Term Management Plan shifted from the previous emphasis on ROE to managing corporate value using multiple metrics, including ROIC, EBITDA growth and adjusted profit.
  3. FY2019RestatedAnnual report

    「Through these initiatives, we aim to achieve revenue of ¥3 trillion, an operating margin of 5%, profit for the year of ¥90 billion, free cash flow of ¥100 billion and ROE of 10% in fiscal 2020.」

    While the financial targets for fiscal 2020, including ROE of 10%, continue to be maintained, actual ROE for the current fiscal year was 4.6%.
  4. FY2018RaisedAnnual report

    「Through these initiatives, we aim to achieve revenue of ¥3 trillion, an operating margin of 5%, profit for the year of ¥90 billion, free cash flow of ¥100 billion and ROE of 10% in fiscal 2020.」

    Under a policy that places the highest priority on ROE, a target ROE of 10% was explicitly set for fiscal 2020. This represents a higher medium-term target than the actual ROE of 3.4% for the fiscal year ended March 2017.
  5. FY2017First statedAnnual report

    「NEC Group places the highest priority on return on equity (ROE) as a management metric focused on improving profitability, with the aim of achieving performance levels worthy of a global leading company. ROE for the fiscal year ended March 2017 was 3.4%.」

    ROE was identified as the most important indicator of profitability, and actual ROE for the fiscal year ended March 2017 was disclosed as 3.4%.
Moved together

"Returning to a Growth Trajectory and Concentrating Resources on Priority Businesses" moved the same way as this thread, in the same document, in 2 of its 7 moves.

2222★1234
  1. ★This thread
  2. 1Returning to a Growth Trajectory and Concentrating Resources on Priority Businesses2×
  3. 2Building a Stable Financial Foundation2×
  4. 3Rebuilding the Profit Structure2×
  5. 4Funding Environment and Liquidity Risk2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Nec's next results are scheduled for 2026-10-28. Read the earnings preview It last moved in the Management Planning of 2026-05-12: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Profitability-focused management that places the highest priority on ROE | NEC Corporation (6701) | Komori