Three-Year Average ROE Above 10% and Early Recovery to 10% ROE
First written in FY2017. 2 of 11 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 25 of 112 companies on the "Worse" side.
45 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The group has adopted achievement of ROE of 10% as a business performance indicator. Consolidated ROE for the current consolidated fiscal year was 9.3%. The group will continue to promote management focused on capital efficiency and implement various management strategies with the goal of achieving ROE of 10%.」
ROE increased from 7.6% in the previous fiscal year to 9.3%, narrowing the gap to the 10% target, but the target remains unmet. - FY2025ROE target missed and actual performance declinedAnnual report
「The group has adopted achievement of ROE of 10% as a business performance indicator. Consolidated ROE for the current consolidated fiscal year was 7.6%. The group will continue to promote management focused on capital efficiency and implement various management strategies with the goal of achieving ROE of 10%.」
The group maintains its 10% ROE target, while consolidated ROE declined from 14.6% in the previous fiscal year to 7.6%, falling below the target. - FY2024AdvancedAnnual report
「The group has adopted achievement of ROE of 10% as a business performance indicator. Consolidated ROE for the current consolidated fiscal year was 14.6%. The group will continue to promote management focused on capital efficiency and implement various management strategies with the goal of achieving ROE of 10%.」
Consolidated ROE increased from 12.2% in the previous fiscal year to 14.6%, remaining above the 10% ROE target. - FY2023AchievedAnnual report
「The group has adopted achievement of ROE of 10% as a business performance indicator. Consolidated ROE for the current consolidated fiscal year was 12.2%. The group will continue to promote management focused on capital efficiency and implement various management strategies with the goal of achieving ROE of 10%.」
The company disclosed that consolidated ROE reached 12.2% in the current consolidated fiscal year, exceeding the previously unmet 10% ROE target. - FY2022ROE of 8.4%, below 10% targetAnnual report
「The group has adopted achievement of ROE of 10% as a business performance indicator. Consolidated ROE for the current consolidated fiscal year was 8.4%. The group will continue to promote management focused on capital efficiency and implement various management strategies with the goal of achieving ROE of 10%.」
The company maintains its 10% ROE target while disclosing that consolidated ROE was 8.4% for the current period, below the target. - FY2020ReframedAnnual report
「The group is promoting management focused on enhancing corporate value and recognizes that achieving ROE exceeding the cost of capital over the medium to long term is an important management issue. Accordingly, it has positioned ROE as an important management indicator and set achievement of ROE of 10% as a target. To secure profitability exceeding the cost of capital, the group has established a meeting body to examine the economic rationality of development investments and will verify the profitability of the invested capital for each major development project, with due consideration of the cost of capital.」
The target was reorganized from the previous wording of "three-year average ROE of 10%" to "achievement of ROE of 10%," and the company identified as a specific measure a meeting body that verifies profitability exceeding the cost of capital for each development investment. Consolidated ROE was 4.9%, below the 10% target. - FY2019Significant deterioration in ROE and continuation of targetAnnual report
「ROE was negative 19.3% for the fiscal year, with a three-year average of 0.4%, due to the impact of difficult market conditions, higher R&D expenses and other factors. The company will continue to implement various management strategies with the goal of restoring ROE to 10% at an early stage while promoting management focused on capital efficiency.」
The goals of achieving a three-year average ROE of 10% and restoring ROE to 10% at an early stage remain unchanged, while actual ROE fell to negative 19.3%, with the three-year average declining to 0.4%. - FY2018SoftenedAnnual report
「The company has adopted achievement of a three-year average ROE of 10% as a business performance indicator. ROE remained weak at 0.7% for the fiscal year, with a three-year average of 0.8%, due to the impact of difficult market conditions, higher R&D expenses and other factors. The company will continue to promote management focused on capital efficiency while implementing various management strategies, including expansion into new fields, with the goal of restoring ROE to 10% at an early stage.」
The ROE target was rephrased from the previous "three-year average ROE above 10%" to "achievement of a three-year average ROE of 10%," eliminating the wording indicating that the target would exceed 10%. Actual ROE was 0.7%, with a three-year average of 0.8%, while the goal of early recovery remains unchanged. - FY2017First statedAnnual report
「To promote management focused on enhancing corporate value, the company has established ROE as an important management indicator and adopted a three-year average ROE above 10% as a business performance indicator. With the goal of restoring ROE to 10% at an early stage, the company will implement various management strategies, including expansion into new fields.」
The company adopted a three-year average ROE above 10% as a management indicator and, from ROE of 0.8% for the fiscal year and a three-year average of 3.4%, stated for the first time its goal of restoring ROE to 10% at an early stage.