Capital Management Focused on ROE and the Ratio of Equity Attributable to Owners of the Parent
First written in FY2017. 1 of 33 entries say "Reframed", first in 2026-05-14. Latest entry: 2026-08-07.
The whole theme swung hardest in 2017: 3 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「The ratio of equity attributable to owners of the parent declined by 6.4 percentage points from 71.4% at the end of the previous consolidated fiscal year to 65.0%.」
The ratio of equity attributable to owners of the parent declined from the end of the previous consolidated fiscal year, primarily as a result of share repurchases. - FY2026RaisedAnnual report
「We will seek to improve capital efficiency and target ROE of 12.0% in fiscal 2028. We will consider optimizing our capital structure through the use of interest-bearing debt, while enhancing shareholder returns through progressive dividends targeting a payout ratio of 40% and flexible share repurchases.」
The policy has been developed from the previous approach of monitoring ROE and the ratio of equity attributable to owners of the parent into specific targets and measures, including achieving ROE of 12.0% in fiscal 2028, optimizing the capital structure through interest-bearing debt, progressive dividends and share repurchases. - FY2026-H1Updated the ratio of equity attributable to owners of the parent for the interim period.Annual report
「The ratio of equity attributable to owners of the parent increased 2.4 percentage points from 69.7% at the end of the previous consolidated fiscal year to 72.1%.」
The ratio of equity attributable to owners of the parent was 72.1% at the end of September 2025, up 2.4 percentage points from 69.7% at the end of March 2025. - FY2025-H1Updated the ratio of equity attributable to owners of the parent for the interim period.Annual report
「The ratio of equity attributable to owners of the parent increased 1.5 percentage points from 69.8% at the end of the previous consolidated fiscal year to 71.3%.」
The ratio of equity attributable to owners of the parent was 71.3% at the end of September 2024, up from 69.8% at the end of March 2024. - FY2024Updated the focus on ROE, the ratio of equity attributable to owners of the parent and ROIC.Annual report
「ROE was 12.4% and 12.1% in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. The ratio of equity attributable to owners of the parent was 73.0% and 69.8%, respectively, in those fiscal years.」
ROE declined from 12.4% to 12.1%, and the ratio of equity attributable to owners of the parent declined from 73.0% to 69.8%. The company also stated a policy of analyzing and monitoring ROIC and key related metrics as measures to strengthen its management foundation. - FY2024-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent decreased 1.4 percentage points from 73.0% at the end of the previous consolidated fiscal year to 71.6%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 71.6% at the end of the third quarter, down 1.4 percentage points from the end of the previous consolidated fiscal year. - FY2024-Q2Updated the ratio of equity attributable to owners of the parent at the end of the second quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 2.2 percentage points from 73.0% at the end of the previous consolidated fiscal year to 75.2%.」
The ratio of equity attributable to owners of the parent was 75.2% at the end of the second quarter, up 2.2 percentage points from the end of the fiscal year ended March 2023. - FY2024-Q1Updated the ratio of equity attributable to owners of the parent at the end of the first quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 2.1 percentage points from 73.0% at the end of the previous consolidated fiscal year to 75.1%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 75.1% at the end of June 2023, up 2.1 percentage points from the end of the previous consolidated fiscal year. - FY2023Updated full-year ROE and the ratio of equity attributable to owners of the parent.Annual report
「ROE was 13.5% and 12.4% in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. The ratio of equity attributable to owners of the parent was 72.0% and 73.0%, respectively, in those fiscal years.」
ROE declined from 13.5% to 12.4%, while the ratio of equity attributable to owners of the parent increased from 72.0% to 73.0%. - FY2023-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 2.5 percentage points from 72.0% at the end of the previous consolidated fiscal year to 74.5%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 74.5% at the end of the third quarter, up 2.5 percentage points from the end of the previous consolidated fiscal year. - FY2023-Q2Updated the ratio of equity attributable to owners of the parent at the end of the second quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 2.3 percentage points from 72.0% at the end of the previous consolidated fiscal year to 74.3%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 74.3% at the end of September 2022, up 2.3 percentage points from the end of the previous consolidated fiscal year. - FY2023-Q1Updated the ratio of equity attributable to owners of the parent at the end of the first quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 2.2 percentage points from 72.0% at the end of the previous consolidated fiscal year to 74.2%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 74.2% at the end of the first quarter, up 2.2 percentage points from the end of the previous consolidated fiscal year. - FY2022Updated full-year ROE and the ratio of equity attributable to owners of the parent.Annual report
「ROE was 10.9% and 13.5% in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. The ratio of equity attributable to owners of the parent was 71.9% and 72.0%, respectively, in those fiscal years.」
ROE increased from 10.9% to 13.5%, while the ratio of equity attributable to owners of the parent increased from 71.9% to 72.0%. - FY2022-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent was 72.0%, unchanged from the end of the previous consolidated fiscal year.」
The company disclosed that the ratio of equity attributable to owners of the parent was 72.0% at the end of the third quarter, unchanged from the end of the previous consolidated fiscal year. - FY2022-Q2Updated the ratio of equity attributable to owners of the parent at the end of the second quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 1.0 percentage point from 72.0% at the end of the previous consolidated fiscal year to 73.0%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 73.0% at the end of the second quarter. - FY2022-Q1Updated the ratio of equity attributable to owners of the parent at the end of the first quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 1.6 percentage points from 72.0% at the end of the previous consolidated fiscal year to 73.6%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 73.6% at the end of the first quarter, up 1.6 percentage points from the end of the previous consolidated fiscal year. - FY2021Updated full-year ROE and the ratio of equity attributable to owners of the parent.Annual report
「ROE was 12.9% and 11.3% in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. The ratio of equity attributable to owners of the parent was 71.3% and 72.0%, respectively, in those fiscal years.」
ROE declined from 12.9% to 11.3%, while the ratio of equity attributable to owners of the parent increased from 71.3% to 72.0%. - FY2021-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 2.7 percentage points from 71.3% at the end of the previous consolidated fiscal year to 74.0%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 74.0% at the end of the third quarter, up 2.7 percentage points from the end of the previous consolidated fiscal year. - FY2021-Q2Updated the ratio of equity attributable to owners of the parent at the end of the second quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 3.6 percentage points from 71.3% at the end of the previous consolidated fiscal year to 74.9%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 74.9% at the end of the second quarter, up 3.6 percentage points from the end of the previous consolidated fiscal year. - FY2021-Q1Updated the ratio of equity attributable to owners of the parent at the end of the first quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 3.4 percentage points from 71.3% at the end of the previous consolidated fiscal year to 74.7%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 74.7% at the end of the first quarter, up 3.4 percentage points from the end of the previous consolidated fiscal year. - FY2020Updated full-year ROE and the ratio of equity attributable to owners of the parent.Annual report
「ROE was 16.3% and 12.9% in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. The ratio of equity attributable to owners of the parent was 76.3% and 71.3%, respectively, in those fiscal years.」
As capital management metrics, ROE declined from 16.3% to 12.9%, while the ratio of equity attributable to owners of the parent declined from 76.3% to 71.3%. - FY2020-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent decreased 3.1 percentage points from 76.3% at the end of the previous consolidated fiscal year to 73.2%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 73.2% at the end of the third quarter, down 3.1 percentage points from the end of the previous consolidated fiscal year. - FY2020-Q1Updated the ratio of equity attributable to owners of the parent at the end of the first quarter.Annual report
「The ratio of equity attributable to owners of the parent decreased 2.8 percentage points from 76.3% at the end of the previous consolidated fiscal year to 73.5%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 73.5% at the end of the first quarter, down 2.8 percentage points from the end of the previous consolidated fiscal year. - FY2019-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 3.0 percentage points from 74.8% at the end of the previous consolidated fiscal year to 77.8%.」
The ratio of equity attributable to owners of the parent monitored in capital management was 77.8% at the end of the third quarter, up 3.0 percentage points from the end of the previous consolidated fiscal year. - FY2019-Q2Updated the ratio of equity attributable to owners of the parent at the end of the second quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 3.2 percentage points from 74.8% at the end of the previous consolidated fiscal year to 78.0%.」
The company disclosed the 78.0% ratio of equity attributable to owners of the parent at the end of the second quarter as one of the metrics monitored in its capital management. - FY2019-Q1Updated the ratio of equity attributable to owners of the parent at the end of the first quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 3.4 percentage points from 74.8% at the end of the previous consolidated fiscal year to 78.2%.」
The company disclosed the 78.2% ratio of equity attributable to owners of the parent at the end of the first quarter as one of the metrics monitored in its capital management. - FY2018Updated full-year ROE and the ratio of equity attributable to owners of the parent.Annual report
「Accordingly, it regularly monitors return on equity attributable to owners of the parent (ROE) as a measure of capital efficiency and the ratio of equity attributable to owners of the parent as a measure of financial soundness. ROE was 20.7% and 17.4% in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. The ratio of equity attributable to owners of the parent was 74.8% in both the previous consolidated fiscal year and the current consolidated fiscal year.」
As capital management metrics, full-year ROE declined from 20.7% to 17.4%, while the ratio of equity attributable to owners of the parent was unchanged at 74.8%. - FY2018-Q3Updated the ratio of equity attributable to owners of the parent at the end of the third quarter.Annual report
「The ratio of equity attributable to owners of the parent increased 1.3 percentage points from 74.8% at the end of the previous consolidated fiscal year to 76.1%.」
The ratio of equity attributable to owners of the parent was 76.1% at the end of the third quarter, up 1.3 percentage points from the end of the previous consolidated fiscal year. - FY2018-Q2Updated equity ratio attributable to owners of the parentAnnual report
「The ratio of equity attributable to owners of the parent decreased 0.2 percentage points from 74.8% at the end of the previous consolidated fiscal year to 74.6%.」
The company disclosed the 74.6% ratio of equity attributable to owners of the parent at the end of the second quarter as one of the metrics monitored in its capital management. - FY2018-Q1Updated equity ratio attributable to owners of the parentAnnual report
「The ratio of equity attributable to owners of the parent increased 0.7 percentage points from 74.8% at the end of the previous consolidated fiscal year to 75.5%.」
The company disclosed the 75.5% ratio of equity attributable to owners of the parent at the end of the first quarter as one of the metrics monitored in its capital management. - FY2017First statedAnnual report
「The consolidated group places importance in its capital management on maintaining a sound financial position to support business investment for growth while improving capital efficiency, in order to maximize corporate value through sustainable growth. Accordingly, it regularly monitors return on equity attributable to owners of the parent (ROE) as a measure of capital efficiency and the ratio of equity attributable to owners of the parent as a measure of financial soundness.」
The company has explicitly stated for the first time its capital management policy of regularly monitoring ROE for capital efficiency and the ratio of equity attributable to owners of the parent for financial soundness.