Operating margin of 10% or more and ROE of 10% or more
First written in FY2016. 4 of 12 entries say "Advanced", first in FY2022. Latest entry: 2026-10-30.
Tdk moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 7 of 24 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- 2026-10-30AdvancedRevisions to earnings forecasts
「今回発表予想（B） 3,050,000 365,000 370,000 280,000 147.50」
2027年3月期の通期業績予想が上方修正され、売上高3兆500億円、営業利益3,650億円となる見通しが示された。営業利益率は約12.0％となる水準である。 - FY2026AdvancedAnnual report
「Company-wide ROIC for the fiscal year was 7.5% (>WACC 7.0%), with targets of 8% or more for the fiscal year ending March 2027 and 12% or more over the long term.」
The Group maintained its medium-term targets for the fiscal year ending March 2027 of ROE of 10% or more, ROIC of 8% or more and an operating margin of 11% or more, and disclosed fiscal year ending March 2026 results of ROE of 9.8%, ROIC of 7.5% and an operating margin of 10.9%. - FY2025AdvancedAnnual report
「The medium-term management plan beginning with the fiscal year ending March 2025 and covering the fiscal years ending March 2025 through March 2027 was formulated as a 3-year action plan for realizing the long-term vision, backcast from that vision.」
As the first-year results under the new medium-term plan, the Group reported ROE of 9.5%, business ROA (ROIC) of 6.7% and an operating margin of 10.2%, while maintaining its targets for the fiscal year ending March 2027 of ROE of 10% or more, ROIC of 8% or more and an operating margin of 11% or more. - FY2024ReframedAnnual report
「Fiscal year ending March 2027 targets: ROE 10% or more; business ROA (ROIC) (>WACC) 8% or more; operating margin 11% or more」
The target framework was changed from the previous medium-term plan, which sought to build an operating platform capable of achieving ROE of 14% or more for the fiscal year ending March 2024, to a new medium-term plan centered on ROE of 10% or more, ROIC of 8% or more and an operating margin of 11% or more for the fiscal year ending March 2027. Over the long term, the Group aims for ROE of 15% or more, ROIC of 12% or more and an operating margin of 15% or more. - FY2023SoftenedAnnual report
「The Group had aimed to build an operating platform capable of achieving ROE of 14% or more under the medium-term three-year plan ending with the fiscal year ending March 2024. However, partly due to sharp fluctuations in the demand environment, ROE for the fiscal year ending March 2024 is forecast at 9.8%.」
The Group had set a target of ROE of 14% or more for the fiscal year ending March 2024, but disclosed a forecast of 9.8% for that fiscal year in response to changes in the demand environment. - FY2022AdvancedAnnual report
「While promoting the growth strategy across the Group, we aim to build an operating platform capable of achieving ROE of 14% or more under the medium-term three-year plan ending with the fiscal year ending March 2024 by strengthening oversight of investment efficiency and focusing capital expenditure on selected areas. ROE for the fiscal year was 11.6%, an improvement of 3.1 percentage points from 8.5% in the previous fiscal year.」
The target of ROE of 14% or more for the fiscal year ending March 2024 was maintained, while actual ROE improved from 8.5% to 11.6%. - FY2021SoftenedAnnual report
「While promoting the growth strategy across the Group, we aim to build an operating platform capable of achieving ROE of 14% or more under the medium-term three-year plan ending with the fiscal year ending March 2024 by strengthening oversight of investment efficiency and focusing capital expenditure on selected areas.」
The target was carried over at the same level into the new medium-term plan ending with the fiscal year ending March 2024, from the previous target of ROE of 14% or more under the plan ending with the fiscal year ending March 2021. ROE for the fiscal year ending March 2021 was 8.6%. - FY2020SoftenedAnnual report
「The medium-term three-year plan ending with the fiscal year ending March 2021 set a target of ROE of 14% or more. The Group is seeking to improve profitability and capital efficiency across the Group while efficiently investing in core businesses, new product development and new businesses. Based on the latest earnings forecast, however, the Group considers it difficult to achieve the target of ROE of 14% or more.」
The target of ROE of 14% or more and the deadline of the fiscal year ending March 2021 were maintained, but the Group explicitly stated that achieving the target appeared difficult in the latest forecast against the backdrop of stagnating economic activity due to COVID-19. - FY2019RestatedAnnual report
「In addition to investing in these core businesses, we will invest efficiently in new product development and new businesses, seek to improve profitability and capital efficiency across the Group, and aim for ROE of 14% or more over the medium term.」
The medium-term target of ROE of 14% or more was maintained. ROE for the fiscal year was disclosed at 9.7%. - FY2018RaisedAnnual report
「In addition to investing in these core businesses, we will invest efficiently in new product development and new businesses, seek to improve profitability and capital efficiency across the Group, and aim for ROE of 14% or more over the medium term.」
The numerical target was raised from the previous ROE target of 10% or more to medium-term ROE of 14% or more. Meanwhile, the previously stated operating margin target of 10% or more is not included in the new plan. - FY2017AchievedAnnual report
「For the fiscal year, consolidated net sales increased 2.3% year on year to ¥1,178,257 million, while operating profit increased 123.4% to ¥208,660 million.」
The operating margin was 17.7% and return on equity (ROE) was 19.8%, exceeding the previously stated targets of an operating margin of 10% or more and ROE of 10% or more. Operating profit includes a gain on the transfer of a business associated with the establishment of a joint venture with Qualcomm Incorporated. - FY2016First statedAnnual report
「In addition to investing in priority businesses, we will invest efficiently in new product development and new businesses, with the aim of achieving an operating margin of 10% or more and ROE of 10% or more over the medium term.」
The targets and the means of achieving them, namely investment in priority businesses, new products and new businesses, are explicitly stated.