Improvement in operating margin, equity ratio, ROA and ROE
First written in FY2018. 17 of 26 entries say "Advanced", first in FY2019. Latest entry: 2026-11-13.
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The equity ratio was 43.9%.」
The equity ratio improved from 41.3% at the end of the previous fiscal year to 43.9%, while return on equity also increased from 0.17% to 5.59%. - FY2026-H1AdvancedAnnual report
「Equity ratio (%) 40.1 42.1 41.3」
The equity ratio improved from 40.1% in the same period of the previous year and 41.3% at the end of the previous fiscal year to 42.1% at the end of the current interim period. - FY2025Explicitly stated a management approach focused on the cost of capital and share priceAnnual report
「To achieve management that is conscious of the cost of capital and share price, we will work to improve ROE and reduce the cost of shareholders’ equity.」
In addition to improving conventional indicators such as the equity ratio and ROE, the company explicitly stated that it would manage with an awareness of the cost of capital and share price, and identified improving ROE and reducing the cost of shareholders’ equity as measures. The equity ratio improved from 37.9% to 41.3%, while ROE declined from 8.66% to 0.17%. - FY2025-H1AdvancedAnnual report
「Equity ratio (%) 36.5 40.1 37.9」
The equity ratio was 40.1% at the end of the current interim consolidated accounting period, compared with 36.5% in the same period of the previous year and 37.9% at the end of the previous consolidated fiscal year, representing an improvement from both periods. - FY2024AdvancedAnnual report
「The equity ratio was 37.9%.」
The equity ratio improved from 32.2% at the end of the previous fiscal year to 37.9%. Return on equity also recovered from negative 13.44% in the previous fiscal year to 8.66%. - FY2024-Q3AdvancedAnnual report
「Equity ratio (%) 34.4 37.3 32.2」
The equity ratio was 37.3% at the end of the third quarter, improving from 34.4% in the same period of the previous year and 32.2% at the end of the previous consolidated fiscal year. - FY2024-Q2AdvancedAnnual report
「Equity ratio (%) 36.0 36.5 32.2」
The equity ratio was 36.5% at the end of the second quarter, improving from 36.0% in the same period of the previous year and 32.2% at the end of the previous consolidated fiscal year. - FY2024-Q1Equity ratio improved from the previous year-end but declined year on yearAnnual report
「Equity ratio (%) 35.4 34.2 32.2」
The equity ratio improved from 32.2% at the end of the previous consolidated fiscal year to 34.2%, but remained below 35.4% in the same period of the previous year. - FY2023-Q3WorsenedAnnual report
「Equity ratio (%) 43.5 34.4 34.4」
The equity ratio was 34.4% at the end of the third quarter, down from 36.0% in FY2023-Q2 and at the same level as at the end of the previous consolidated fiscal year. - FY2023-Q2AdvancedAnnual report
「Equity ratio (%) 45.5 36.0 34.4」
The equity ratio was 36.0% at the end of the second quarter, up from 34.4% at the end of the previous consolidated fiscal year. However, it was below 45.5% in the same period of the previous year. - FY2023-Q1AdvancedAnnual report
「Equity ratio (%) 45.8 35.4 34.4」
The equity ratio was 35.4% at the end of the first quarter, up from 34.4% at the end of the previous consolidated fiscal year. It was 45.8% in the same period of the previous year. - FY2022-Q3WorsenedAnnual report
「Equity ratio (%) 45.6 43.5 44.2」
The equity ratio was 43.5% at the end of the third quarter, below 45.6% in the same period of the previous year and 44.2% at the end of the previous consolidated fiscal year. - FY2022-Q2AdvancedAnnual report
「Equity ratio (%) 46.1 45.5 44.2」
The equity ratio rose from 44.2% at the end of the previous consolidated fiscal year to 45.5%. It declined slightly from 45.8% at the end of the previous quarter. - FY2022-Q1AdvancedAnnual report
「Equity ratio (%) 44.7 45.8 44.2」
The equity ratio was 45.8% at the end of the first quarter, compared with 44.7% in the same period of the previous year and 44.2% at the end of the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Equity ratio (%) 46.1 45.6 46.6」
The equity ratio was 45.6% at the end of the third quarter, below 46.1% in the same period of the previous year and 46.6% at the end of the previous fiscal year. - FY2021-Q2WorsenedAnnual report
「Equity ratio (%) 45.9 46.1 46.6」
The equity ratio was 46.1% at the end of the second quarter, below 46.6% at the end of the previous fiscal year. - FY2021-Q1WorsenedAnnual report
「Equity ratio (%) 44.7 44.7 46.6」
The equity ratio was 44.7% at the end of the first quarter, down 1.9 percentage points from 46.6% at the end of the previous fiscal year. - FY2020ReframedAnnual report
「Under the Fifth Medium-Term Management Plan, the company identified return on invested capital (ROIC) as a key metric for its quality targets and efficiency in securing earnings, and prioritized initiatives related to the SDGs that contribute to the global environment and society.」
The framework of metrics was reorganized under the Fifth Medium-Term Plan to include ROIC and the SDGs, replacing the previous emphasis on operating margin, equity ratio, ROA and ROE. - FY2020-Q3AdvancedAnnual report
「Equity ratio (%) 42.6 46.1 44.0」
The equity ratio was 46.1% at the end of the third quarter, a 2.1-point improvement from 44.0% at the end of the previous fiscal year. - FY2020-Q2AdvancedAnnual report
「Equity ratio (%) 42.0 45.9 44.0」
The equity ratio was 45.9% at the end of the second quarter, compared with 42.0% in the same period of the previous year and 44.0% at the end of the previous fiscal year. - FY2020-Q1AdvancedAnnual report
「Equity ratio (%) 41.2 44.7 44.0」
The equity ratio was 44.7% at the end of the first quarter, a 0.7-point improvement from 44.0% at the end of the previous fiscal year. - FY2019AdvancedAnnual report
「The equity ratio improved by 3.7 percentage points from the end of the previous consolidated fiscal year to 44.0%.」
The equity ratio improved by 3.7 percentage points from the end of the previous fiscal year to 44.0%. Among the key management metrics, return on equity also improved from 7.07% in the previous fiscal year to 11.96%. - FY2018First statedAnnual report
「The group has identified the operating margin as a measure of achieving an appropriate earnings structure, the equity ratio as a measure of financial stability, and return on assets (ROA) and return on equity (ROE) as measures of the effectiveness and efficiency of invested capital, and is working to improve these key metrics.」
The company has identified 4 metrics indicating its earnings structure, financial stability and capital efficiency as key metrics. Actual results for the current fiscal year were a 3.4% operating margin, a 40.1% equity ratio, ROA of 2.5% and ROE of 7.1%.