Improving ROIC and ROE with a Focus on the Cost of Capital and Share Price
First written in FY2023. 2 of 5 entries say "Worsened", first in FY2024. Latest entry: FY2026.
Kyosan Electric Manufacturing moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「・ROIC: 6.0% or higher (end of March 2028) ・ROIC: 3.7%」
Against the ROIC target of at least 6.0% as of the end of March 2028, actual ROIC for the fiscal year ending March 2026 was 3.7%. This was down from 5.0% in the previous fiscal year. - 2026-05-15OtherEarnings
「Return on equity 9.4 9.4」
Return on equity was unchanged from the previous fiscal year at 9.4%. The earnings release contains no update to the ROIC target. - FY2025RaisedAnnual report
「・Number of serious legal violations: 0 ・ROIC: 6.0% or higher (end of March 2028)」
The ROIC target was raised from at least 5.0% as of the end of March 2025 to at least 6.0% as of the end of March 2028. Actual ROIC for the fiscal year ending March 2025 was 5.0%, reaching the previous target level. - FY2024WorsenedAnnual report
「・ROIC: 5.0% or higher (end of March 2025) ・ROIC: 2.2%」
Against the ROIC target of at least 5.0% as of the end of March 2025, actual ROIC for the fiscal year ended March 2024 was 2.2%, and the company disclosed results below the target. - FY2023First statedAnnual report
「In addition, we will analyze the current cost of capital and capital profitability, implement initiatives to improve ROIC and ROE, and promote management with a focus on the cost of capital and share price.」
The company has for the first time presented the analysis of the cost of capital and capital profitability, improvement of ROIC and ROE, and management with a focus on share price as an independent management theme. It has also set a materiality KPI of ROIC of at least 5.0% as of the end of March 2025.