Targeting a Return on Assets Based on Ordinary Profit of at Least 10%
First written in FY2018. 4 of 10 entries say "Restated". Latest entry: FY2026.
Matsuda Sangyo moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 4 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Under the Medium-Term Management Plan 2028 (FY2026–FY2028), the management targets for FY2028, the final year of the plan (the fiscal year ending March 2029), are consolidated operating profit of ¥28 billion, consolidated operating cash flow of ¥35 billion (cumulative over 3 years), consolidated return on equity (ROE) of at least 11.0% and consolidated return on total assets based on ordinary profit (ROA) of at least 10.0%.」
While noting that the 10.0% ROA target under the previous plan had been achieved, the Group is maintaining a target of at least 10.0% ROA under the new plan. - FY2026-H1RestatedAnnual report
「There have been no material changes during the interim consolidated accounting period to the objective indicators used to assess progress toward management targets, including management policies and strategies.」
The Group reconfirmed that there have been no material changes to its management targets and indicators, including return on total assets based on ordinary profit. - FY2025-H1RestatedAnnual report
「There have been no material changes during the interim consolidated accounting period to the objective indicators used to assess progress toward management targets, including management policies and strategies.」
The Group reconfirmed that there have been no material changes to its management targets and indicators, including return on total assets based on ordinary profit. - FY2023AdvancedAnnual report
「In the consolidated fiscal year, the first year of the Medium-Term Management Plan (FY2022–FY2025), the Group achieved all targets except the consolidated operating margin. However, because uncertainty is expected to persist amid concerns over the impact of global financial instability and inflationary pressures on the economy, the performance targets used as management indicators have not been changed.」
The Group stated that in the first year of the new medium-term plan it achieved the targets for revenue, operating profit, ROE and return on total assets based on ordinary profit, among others, excluding the consolidated operating margin. The target values themselves have not been changed. - FY2022ReframedAnnual report
「Under the Medium-Term Management Plan (FY2022–FY2025), the performance targets for FY2025, the final year of the plan (the fiscal year ending March 2026), are consolidated revenue of ¥300 billion, consolidated operating profit of ¥13 billion, a consolidated operating margin of 4.3%, consolidated return on equity (ROE) of 9.0% and a consolidated return on total assets based on ordinary profit of 10.0%.」
The previous medium- to long-term target of a 10% or higher return on total assets based on ordinary profit was repositioned as one of the FY2025 targets under the new medium-term plan, alongside revenue, operating profit, operating margin and ROE. - FY2019ReframedAnnual report
「Under the Medium-Term Management Plan (FY2019–FY2021), the performance targets for FY2021, the final year of the plan (the fiscal year ending March 2022), are consolidated revenue of ¥220 billion, consolidated operating profit of ¥5.5 billion, a consolidated operating margin of 2.5% and consolidated return on equity (ROE) of 6.0%.」
The new medium-term plan shifts from the previous indicator of a return on total assets based on ordinary profit of at least 10% to a target framework using revenue, operating profit, operating margin and ROE. - FY2018First statedAnnual report
「The Group has set a return on total assets based on ordinary profit of at least 10% as a medium- to long-term management target and aims to enhance corporate value. The ratio was 6.7% for the consolidated fiscal year, below the target, but improved from 4.8% in the previous consolidated fiscal year.」
The Group explicitly stated for the first time a medium- to long-term management target of a return on total assets based on ordinary profit of at least 10%, while also reporting improvement from 4.8% in the previous year to 6.7% for the current fiscal year.