Achieve a return on invested capital (ROIC) of 6.3%
First written in FY2020. 1 of 4 entries say "Softened", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2024: 4 of 16 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「Sixth Medium-Term Management Plan: Management targets and control items — Quality: achieve zero defects; Earnings: 3% operating margin; SDGs: reduce CO2 and waste emissions」
The ROIC target set in the Fifth Medium-Term Management Plan and revised to 2.8% is not included among the management targets listed in the Sixth Medium-Term Management Plan, which switches the target metric to a 3% operating margin. - FY2022SoftenedAnnual report
「In the first year, we prioritized responses to COVID-19, and in the second year, we revised the target to 2.8% in response to deteriorating earnings caused by the impact of semiconductors and other factors. Although ROIC for the fiscal year ending March 2022 fell short of the management target because of deteriorating earnings caused by the impact of semiconductors and other factors, we will further accelerate our efforts and comprehensively implement measures to generate earnings, including measures to optimize invested capital, such as optimizing capital expenditure and production allocation, as well as rationalizing material costs, improving labor cost efficiency and optimizing expenses, with the aim of achieving the target ROIC of 2.8% for the fiscal year ending March 2023.」
The ROIC target was revised from the previous 6.3% to 2.8%, and the target was not achieved for the fiscal year ending March 2022. The company cited the optimization of capital expenditure, production allocation, material costs, labor costs and expenses as execution measures. - FY2021Recognized shortfall in the first half and specified measuresAnnual report
「In the first half of the fiscal year ending March 2021, we prioritized measures to secure earnings amid the COVID-19 pandemic. Although we did not achieve our management target, we secured an operating profit even amid substantial production cuts. Going forward, we will further accelerate our efforts and comprehensively implement measures to generate earnings, including measures to optimize invested capital, such as optimizing capital expenditure and production allocation, as well as rationalizing material costs, improving labor cost efficiency and optimizing expenses, with the aim of achieving the target ROIC of 6.3% for the fiscal year ending March 2023.」
The company stated that its ROIC target of 6.3% was not achieved in the first half, but secured an operating profit for the full year and specified the optimization of capital expenditure, production allocation, material costs, labor costs and expenses as execution measures. - FY2020First statedAnnual report
「Return on invested capital: 6.3% (fiscal year ended March 2023). We will pursue greater efficiency in securing earnings by optimizing invested capital, establishing an optimal production structure and optimizing profits from new vehicles.」
The Fifth Medium-Term Management Plan sets ROIC of 6.3% for the fiscal year ending March 2023 as a new management target.