Improving ROE through Management of Segment-Level Revenue, Profit, and Profit Margins
First written in FY2017. 4 of 12 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2021: 8 of 22 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Update to final results under the 2023 Medium-Term Management PlanAnnual report
「Fiscal year ending March 2026 target Fiscal year ending March 2026 result Revenue ¥470.0 billion ¥481.5 billion Segment profit ¥38.0 billion ¥29.4 billion Segment profit margin 8.1% 6.1% Equity ratio 45.0% 50.6% ROE 12.0% 12.2%」
The company disclosed the final-year results under the 2023 Medium-Term Management Plan. Revenue, the equity ratio and ROE exceeded their targets, while segment profit and the profit margin fell short. - FY2026-H1Update to the first-half equity ratio resultsAnnual report
「Equity attributable to owners of the parent ratio (%) 47.8 48.6 48.7」
The equity attributable to owners of the parent ratio was 48.6% at the end of the interim period, and comparative results were disclosed against 47.8% in the same period of the previous year and 48.7% at the end of the previous fiscal year. - FY2025-H1Update to the first-half equity ratio resultsAnnual report
「Equity attributable to owners of the parent ratio (%) 42.4 47.8 45.6」
The equity attributable to owners of the parent ratio was 47.8% at the end of the interim period, exceeding 42.4% in the same period of the previous year and 45.6% at the end of the previous fiscal year. - FY2024ReframedAnnual report
「Fiscal year ended March 2024 results: revenue ¥442.8 billion; segment profit ¥21.0 billion; segment profit margin 4.7%; equity ratio 45.6%; ROE 7.9%. Fiscal year ending March 2026 targets: revenue ¥470.0 billion; segment profit ¥38.0 billion; segment profit margin of at least 8.0%; equity ratio of at least 45.0%; ROE of at least 12.0%.」
For the 2023 Medium-Term Management Plan, the company presented the fiscal year ended March 2024 results and new numerical targets for the fiscal year ending March 2026. It explicitly stated that revenue, segment profit and profit margin fell short of target in the first year. - FY2024-Q3Update to the third-quarter equity ratio resultsAnnual report
「Equity attributable to owners of the parent ratio (%) 38.3 42.0 40.9」
The equity attributable to owners of the parent ratio was 42.0% at the end of the third quarter, exceeding 38.3% in the same quarter of the previous year and 40.9% at the end of the previous fiscal year. - FY2024-Q2AdvancedAnnual report
「Equity attributable to owners of the parent ratio (%) 39.1 42.4 40.9」
The equity attributable to owners of the parent ratio was 42.4% at the end of the second quarter, exceeding 39.1% in the same quarter of the previous year and 40.9% at the end of the previous fiscal year. - FY2024-Q1AdvancedAnnual report
「Equity attributable to owners of the parent ratio (%) 37.4 41.9 40.9」
The equity attributable to owners of the parent ratio was 41.9% at the end of the first quarter, exceeding 37.4% in the same quarter of the previous year and 40.9% at the end of the previous fiscal year. Results exceeding the 37.0% target for the fiscal year ending March 2023, recorded in FY2023-Q3, have continued. - FY2023-Q3AdvancedAnnual report
「Equity attributable to owners of the parent ratio (%) 33.1 38.3 35.3」
The equity attributable to owners of the parent ratio was 38.3% as of 31 December 2022, exceeding the 37.0% target set for the fiscal year ending March 2023 at the interim point. The company did not explicitly state that the target had been achieved, so this is recorded as a quarterly result. - FY2022RaisedAnnual report
「We aim to achieve revenue of ¥410.0 billion, segment profit of ¥26.5 billion (a segment profit margin of 6.5%) and an equity attributable to owners of the parent ratio of 37.0% in the fiscal year ending March 2023.」
The targets under the 2020 Medium-Term Management Plan were revised for the fiscal year ending March 2023, setting revenue at ¥410.0 billion, segment profit at ¥26.5 billion and the equity attributable to owners of the parent ratio at 37.0%. The targets for revenue, profit and the equity ratio were raised from the previous fiscal 2022 targets. - FY2021ReframedAnnual report
「Under the Medium-Term Management Plan, we aim to achieve revenue of ¥378.0 billion, segment profit of ¥25.0 billion (a segment profit margin of 6.6%) and an equity attributable to owners of the parent ratio of 34.0% in fiscal 2022.」
The targets were updated from the fiscal 2019 targets under the previous Medium-Term Management Plan to the fiscal 2022 targets under the 2020 Medium-Term Management Plan, with new targets presented for revenue, segment profit, profit margin and the equity attributable to owners of the parent ratio. - FY2019AdvancedAnnual report
「Under the Medium-Term Management Plan formulated at the beginning of fiscal 2017, we aim to achieve revenue of ¥398.0 billion, a segment profit margin of 6.5% and ROE of 10.0% in fiscal 2019. In fiscal 2018, the respective management indicators were revenue of ¥412.2 billion and a segment profit margin of 5.3%, while ROE was negative 15.0% because the inappropriate conduct involving oil dampers for seismic isolation and vibration control resulted in a net loss. In fiscal 2019, we expect the construction equipment market to remain strong and a recovery in the North American market for hydraulic shock absorbers for four-wheel vehicles, and therefore expect to achieve the revenue target ahead of schedule.」
The company specified its numerical targets for fiscal 2019 and disclosed the fiscal 2018 results for revenue, profit margin and ROE, indicating that the revenue target is expected to be achieved ahead of schedule while the profit margin and ROE targets remain unmet. - FY2017First statedAnnual report
「The target management indicators are segment revenue, segment profit and segment profit margin, and we place emphasis on segment-based business management. As a result of improving these management indicators, we will work to improve return on equity (ROE = net income attributable to owners of the parent ÷ equity).」
The management objective of improving ROE by using segment revenue, profit and profit margin as management indicators is presented independently for the first time.