Management Focus on Sales, Operating Profit Margin on Sales and ROE
First written in FY2018. 1 of 3 entries say "Reframed", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2021: 8 of 22 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「To achieve sustainable growth, our group places importance on operating margin from a profitability perspective. Specifically, we have designated the operating margin on a consolidated basis and by segment as key indicators and are working to improve them. From an efficiency perspective, we manage the business with a focus on ROE (return on equity) after accurately identifying the cost of capital.」
The policy of using the operating margin on a consolidated and segment basis and ROE as key management indicators continues. - FY2020ReframedAnnual report
「To achieve sustainable growth, our group places importance on operating margin from a profitability perspective. Specifically, we have designated the operating margin on a consolidated basis and by segment as key indicators and are working to improve them. From an efficiency perspective, we manage the business with a focus on ROE (return on equity) after accurately identifying the cost of capital.」
The company has organized its disclosures around the operating margin on a consolidated and segment basis and ROE as key indicators, rather than the previous description emphasizing revenue by business, operating margin, and ROE. - FY2018First statedAnnual report
「To achieve sustainable growth, our group places importance on revenue and operating margin by business from a profitability perspective. From an efficiency perspective, we manage the business with a focus on ROE (return on equity) after accurately identifying the cost of capital.」
The company has stated for the first time that it places importance on revenue by business, operating margin, and ROE based on the cost of capital as objective indicators for assessing sustainable growth.