Management targets of operating profit margin on sales of 10% or more, ROE of 10% or more and a payout ratio of 25%
First written in FY2019. 2 of 13 entries say "Reframed", first in FY2023. Latest entry: 2026-08-07.
33 other companies' latest entry also says "Restated".
- FY2026RaisedAnnual report
「The specific target is to achieve ROIC of 15% or higher in the fiscal year ending March 2031.」
A time-bound numerical target of ROIC of 15% or higher for the fiscal year ending March 2031 has been set as a management metric reflecting the cost of capital, replacing the previous status in which specific targets such as ROE were still being formulated. - FY2025Deterioration in management performance and continued formulation of target levelsAnnual report
「Specific policies, target levels and other details are currently being formulated and will be disclosed once finalized.」
Although the framework of management with an awareness of the cost of capital, ROE improvement and share buybacks remains in place, specific policies and targets are still being formulated. Actual results were an operating margin of △4.4% and ROE of △5.7%. - FY2024AdvancedAnnual report
「During the fiscal year, the company acquired 1,125,000 treasury shares for a total consideration of ¥769,500,000.」
Under the framework aimed at reducing the cost of capital and enhancing corporate value, the company conducted a share repurchase based on a resolution of the Board of Directors and disclosed the acquisition of 1,125,000 shares for ¥769,500,000. The operating margin was 4.8% and ROE was 3.7%, while specific targets and other details were still being formulated. - FY2023ReframedAnnual report
「The group recognizes management with greater awareness of its cost of capital as a key management issue. While aiming to improve ROE through growth based on internal management resources, including increasing the share of existing businesses (the value business) and monetizing new businesses (the growth business), as well as through growth using external resources via M&A and other means, we intend to enhance corporate value and achieve ROE that consistently exceeds the cost of capital by reducing the cost of capital through measures such as share repurchases.」
The framework was changed from the previous specific targets of an operating margin of at least 10%, ROE of at least 10% and a dividend payout ratio of 25% to a framework focused on the cost of capital and seeking to improve ROE through measures including increasing the share of existing businesses, monetizing new businesses, M&A and share repurchases. The company stated that specific targets would be disclosed in the medium-term management plan. - FY2022Continued failure to achieve target indicatorsAnnual report
「The group has established the following management performance indicators for sustainable growth: an operating margin of at least 10% from the perspective of profitability, ROE (return on equity) of at least 10% from the perspective of improving asset efficiency, and a target dividend payout ratio of approximately 25% for shareholder returns.」
Although the target levels were maintained, results for the 68th fiscal year were an operating margin of 1.9%, ROE of 2.5% and a dividend payout ratio of 38.4%, with the operating margin and ROE below their target levels. - FY2021Failure to achieve target indicatorsAnnual report
「The group has established the following management performance indicators for sustainable growth: an operating margin of at least 10% from the perspective of profitability, ROE (return on equity) of at least 10% from the perspective of improving asset efficiency, and a target dividend payout ratio of approximately 25% for shareholder returns.」
Although the target levels were maintained, results for the 67th fiscal year were an operating margin of 0.1%, ROE of 3.0% and a dividend payout ratio of 32.6%, with the operating margin and ROE below their target levels. - FY2020AchievedAnnual report
「The company achieved its targets in the 66th fiscal year.」
The company reported an operating margin of 10.8%, ROE of 10.1% and a dividend payout ratio of 25.1%, explicitly stating that it achieved its targets of an operating margin of at least 10%, ROE of at least 10% and a dividend payout ratio of approximately 25% in the 66th fiscal year. - FY2019First statedAnnual report
「The group has established the following management performance indicators for sustainable growth: an operating margin of at least 10% from the perspective of profitability, ROE (return on equity) of at least 10% from the perspective of improving asset efficiency, and a target dividend payout ratio of approximately 25% for shareholder returns.」
The company first specified management performance indicators with numerical targets for operating margin, ROE and the dividend payout ratio.