Achievement of Consolidated ROE of 20% or Higher
First written in FY2017. 3 of 8 entries say "Worsened", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2021: 29 of 112 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「To return its core conveyor-belt sushi business to a stable growth trajectory and achieve sustainable growth and higher corporate value over the medium to long term, our group uses ROE of 8% or higher, ROIC of 6% or higher, and a Net Debt (net interest-bearing debt)/EBITDA ratio of no more than 3x as management metrics.」
The ROE management target of 8% or higher remains in place, but return on equity for the current fiscal year was negative 3.7%, down from 9.9% in the previous fiscal year and below the target level. - FY2025AchievedAnnual report
「To return its core conveyor-belt sushi business to a stable growth trajectory and achieve sustainable growth and higher corporate value over the medium to long term, our group uses ROE of 8% or higher, ROIC of 6% or higher, and a Net Debt (net interest-bearing debt)/EBITDA ratio of no more than 3x as management metrics. / Return on equity 9.9%」
Against the ROE target of 8% or higher set for FY2024, return on equity for the fiscal year ended March 2025 was 9.9%. - FY2024SoftenedAnnual report
「To return its core conveyor-belt sushi business to a stable growth trajectory and achieve sustainable growth and higher corporate value over the medium to long term, our group uses ROE of 8% or higher, ROIC of 6% or higher, and a Net Debt (net interest-bearing debt)/EBITDA ratio of no more than 3x as management metrics.」
The previous target of consolidated ROE of 20% or higher was not included, and the ROE target was changed to 8% or higher. ROIC and the net interest-bearing debt/EBITDA ratio were also included as new management metrics. - FY2023-Q3WorsenedAnnual report
「This was mainly due to a decrease in retained earnings resulting from a quarterly net loss attributable to owners of the parent of ¥1,601 million.」
The quarterly net loss of ¥1,601 million reduced retained earnings from ¥650 million to negative ¥950 million, worsening the company’s financial position in terms of improving shareholder value and capital efficiency. - FY2020SoftenedAnnual report
「We will pursue efficient management with the aim of maximizing shareholder value. We will recognize the cost of capital, generate returns exceeding it, increase corporate value, and manage the business in line with shareholder expectations.」
The previous numerical target of consolidated ROE of 20% or higher was not specified in this filing; instead, the company stated that it aims to generate returns exceeding the cost of capital and enhance shareholder value. The return on equity, one of the key metrics, declined from 1.2% in the previous fiscal year to negative 2.2%. - FY2019WorsenedAnnual report
「Consolidated ROE for the current consolidated fiscal year was 1.20%, due to the recognition of ¥859 million in impairment losses. We will continue working to improve this metric.」
While the company continues to target consolidated ROE of 20% or higher over the medium term, actual ROE declined from 7.1% in the previous fiscal year to 1.20%, widening the gap with the target. - FY2018RestatedAnnual report
「With the aim of maximizing shareholder value, our group will pursue efficient management and target consolidated ROE (return on equity) of 20% or higher over the medium term.」
The company continues to target consolidated ROE of 20% or higher. Consolidated ROE for FY2018 was stated as 7.1%. - FY2017First statedAnnual report
「With the aim of maximizing shareholder value, our group will pursue efficient management and target consolidated ROE (return on equity) of 20% or higher over the medium term.」
The company has stated for the first time a consolidated ROE target of 20% or higher as a key management metric for maximizing shareholder value.