Wacom Chapter 3 targets: ROIC of 25–30% and ROE of 20%
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2023: 7 of 45 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「ROIC (return on invested capital) 13.9% 22.7% 10% or higher — ROIC (return on invested capital) 10.6% 16.3% — 18% or higher ROE (return on equity) 11.9% 15.6% Approximately 10–15% 20% or higher」
Against the post-update Chapter 3 guidelines of ROIC of 10% or higher and ROE of approximately 10–15%, fiscal year ending March 2025 results were ROIC of 22.7% (16.3% under an alternative calculation) and ROE of 15.6%. - FY2024AdvancedAnnual report
「ROIC (return on invested capital) 3.7% 13.9% Approximately 25–30% 10% or higher ROE (return on equity) 4.3% 11.9% Approximately 20% Approximately 10–15%」
Against the targets following the update to the financial policy, ROIC was 13.9% and ROE was 11.9% in the fiscal year ending March 2024, reaching the revised target levels of ROIC of 10% or higher and ROE of approximately 10–15%. - FY2023SoftenedAnnual report
「We will operate our business with recovery of ROIC (return on invested capital) to 10% or higher in the fiscal year ending March 2025 as a benchmark (before revision: approximately 25–30%). We anticipate ROE (return on equity) of approximately 10–15% in the fiscal year ending March 2025 (before revision: approximately 20%).」
The financial targets were lowered from ROIC of approximately 25–30% and ROE of approximately 20% when Chapter 3 was formulated to ROIC of 10% or higher and ROE of approximately 10–15% for the fiscal year ending March 2025. FY2023 results were ROIC of 3.7% and ROE of 4.3%. - FY2022AdvancedAnnual report
「ROIC (return on invested capital) (%) 39.4 29.7 Approximately 25–30% ROE (return on equity) (%) 31.3 27.0 Approximately 20%」
As the first-year results for Chapter 3, ROIC of 29.7% was within the benchmark range of approximately 25–30%, while ROE of 27.0% exceeded the anticipated level of approximately 20%. - FY2021First statedAnnual report
「We will operate our business using ROIC (return on invested capital) of approximately 25–30% as a benchmark for the new metric. We anticipate ROE (return on equity) of approximately 20%.」
Under Chapter 3, ROIC of approximately 25–30% was set as a new business activity metric focused on investment efficiency, and ROE of approximately 20% was set as a capital efficiency metric.