Revenue Growth and Strengthening of the Business Structure and Management Base to Improve ROE
First written in FY2018. 3 of 8 entries say "Raised", first in FY2022. Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Declining ROE and failure to achieve plan targetsAnnual report
「In the fiscal year, ROE declined 1.7 percentage points from the previous fiscal year to 4.6%, mainly because net income attributable to owners of the parent fell 28.5% year on year to ¥1,521 million.」
ROE declined from 6.4% in the previous fiscal year to 4.6%, below the 7.7% target for the fiscal year ending March 2027 under Medium-Term Management Plan 2026. - 2026-05-13RaisedManagement Planning
「Financial targets for the final year of Medium-Term Management Plan 2026: ROE of 7.7% and PBR of 1.0x.」
The financial targets for the final year of Medium-Term Management Plan 2026 are ROE of 7.7% and PBR of 1.0x. - FY2025RestatedAnnual report
「④ Quantitative targets under Medium-Term Management Plan 2026 Actual results for the fiscal year ending March 2025 Fiscal year ending March 2026 Fiscal year ending March 2027 Revenue (¥100 million) 428 456 467 Operating profit (¥100 million) 16 29 35 Ordinary profit (¥100 million) 19 31 37 Net income (¥100 million) 21 21 26 ROE (%) 6.4% 6.4% 7.7% Cost of capital (%) 6.0 ～ 8.0 PBR (x) 0.7 0.8 1.0」
The Group reconfirmed the quantitative targets and actual results for the fiscal year ending March 2025 under Medium-Term Management Plan 2026 for revenue, earnings, ROE, cost of capital and PBR. - FY2024RaisedAnnual report
「The Group considers ROE (return on equity) and PBR (price-to-book ratio) important management indicators. It has also established revenue, operating profit, ordinary profit, net income, ROE, cost of capital and PBR as quantitative targets under its Medium-Term Management Plan 2026.」
In addition to ROE, the Group added PBR and cost of capital to its key indicators and established quantitative targets for revenue, earnings, ROE, PBR and other metrics from the fiscal year ending March 2025 through the fiscal year ending March 2027. The PBR target for the fiscal year ending March 2027 is 1.0x. - FY2022RaisedAnnual report
「The Group considers ROE (return on equity) an important management indicator. It has also established revenue, operating profit and ROE as quantitative targets under its Medium-Term Management Plan 2023.」
The Group shifted from its previous policy of setting no specific numerical targets and established quantitative targets under Medium-Term Management Plan 2023: revenue of ¥42.0 billion and ¥43.5 billion, operating profit of ¥2.5 billion and ¥2.7 billion, and ROE of 6.1% and 6.3% for fiscal 2022 and fiscal 2023, respectively. Actual ROE was 9.4%. - FY2020ROE declined to 3.0%Annual report
「In the fiscal year, ROE declined 3.4 percentage points from the previous fiscal year to 3.0%, mainly because net income attributable to owners of the parent fell 53.0% year on year to ¥706 million, despite an ¥866 million decrease in the valuation difference on other securities.」
While maintaining its policy of setting no numerical targets, actual ROE declined 3.4 percentage points from 6.4% in the previous fiscal year to 3.0%. - FY2019Disclosure of lower ROE performanceAnnual report
「The Group has not established specific numerical targets for its key management indicators, but considers it important to strengthen its business structure and management foundation in order to consistently generate stable profits. ROE (return on equity) is one of the management indicators it considers important. To improve ROE in the future, the Group will first work to increase revenue and strengthen its CRE strategy, which involves reorganizing the production structure of the steel pipe business centered on the Kansai Plant. In the fiscal year, ROE declined 0.6 percentage points from the previous fiscal year to 6.4%, despite net income attributable to owners of the parent of ¥1,502 million, due in part to a ¥681 million decrease in the valuation difference on other securities.」
The Group maintained its policy of setting no numerical ROE target, while disclosing that actual ROE declined 0.6 percentage points year on year to 6.4%. - FY2018First statedAnnual report
「The Group has not established specific numerical targets for its key management indicators, but considers it important to strengthen its business structure and management foundation in order to consistently generate stable profits. ROE (return on equity) is one of the management indicators it considers important. To improve ROE in the future, the Group will first work to increase revenue and strengthen its CRE strategy, which involves reorganizing the production structure of the steel pipe business centered on the Kansai Plant.」
ROE was identified explicitly for the first time as a key management indicator. No numerical target was set, and the Group stated its intention to improve ROE in the future by increasing revenue and strengthening its CRE strategy.