Management Targets for Metrics Including ROE, ROA, DOE and Dividend Payout Ratio
First written in FY2021. 2 of 7 entries say "Raised", first in FY2022. Latest entry: FY2026.
22 other companies' latest entry also says "Other".
- FY2026Update to actual management indicators for the 74th fiscal yearAnnual report
「ROE (return on equity) (%) 4.1 5.2 ROA (return on assets) (%) 5.0 6.1 DOE (dividend on equity) (%) 2.5 2.4 Dividend payout ratio (%) 59.7 45.5」
For the 74th fiscal year, ROE was 5.2%, ROA was 6.1%, DOE was 2.4% and the dividend payout ratio was 45.5%. ROE, ROA and DOE were below the stated targets, while the dividend payout ratio exceeded the target of at least 35%. - FY2026-H1Update of interim management indicators for the 74th fiscal yearAnnual report
「Equity ratio (%) 80.3」
The equity ratio at the end of the interim period of the 74th fiscal year was 80.3%. - FY2025RaisedAnnual report
「④ We are targeting a DOE (dividend on equity) of at least 2.8%. (In November 2024, the target was revised upward from at least 2.5% to at least 2.8%.)」
The DOE target was raised from at least 2.5% to at least 2.8%. The targets of ROE of at least 8%, ROA of at least 10% and a dividend payout ratio of at least 35% remain unchanged. - FY2024Update of targets and results for the 72nd fiscal yearAnnual report
「72nd fiscal year (March 2024) Target (initial forecast) Actual ROE (return on equity) (%) 4.4 2.8 ROA (return on assets) (%) 5.9 4.4 DOE (dividend on equity) (%) 2.3 2.2 Dividend payout ratio (%) 53.9 79.9」
For the 72nd fiscal year, ROE was 2.8%, ROA was 4.4%, DOE was 2.2% and the dividend payout ratio was 79.9%. ROE, ROA and DOE were below the initial forecasts, while the dividend payout ratio was above it. - FY2023Update of targets and results for the 71st fiscal yearAnnual report
「71st fiscal year (March 2023) Target (initial forecast) Actual ROE (return on equity) (%) 6.0 3.8 ROA (return on assets) (%) 6.4 5.5 DOE (dividend on equity) (%) 2.5 2.3 Dividend payout ratio (%) 41.0 60.0」
For the 71st fiscal year, ROE was 3.8%, ROA was 5.5% and DOE was 2.3%, all below the initial forecasts. The dividend payout ratio was 60.0% due to the decline in net income. - FY2022RaisedAnnual report
「④ We are targeting a DOE (dividend on equity) of at least 2.5%. ⑤ We are targeting a dividend payout ratio of at least 35%.」
The DOE target was raised from 2.3% to at least 2.5%, and the dividend payout ratio target from at least 30% to at least 35%. The targets of ROE of at least 8% and ROA of at least 10% remain unchanged. - FY2021First statedAnnual report
「The group's target consolidated management indicators are as follows: ① revenue, gross profit margin, operating income and operating margin; ② maintaining ROE (return on equity) at 8% or higher; ③ maintaining ROA (return on total assets) at 10% or higher; ④ a DOE (dividend on equity) of 2.3%; and ⑤ a dividend payout ratio of 30% or higher.」
The company specified management indicator targets of ROE of 8% or higher, ROA of 10% or higher, DOE of 2.3% and a dividend payout ratio of 30% or higher, in addition to revenue, profit and profit margins. Actual results for the 69th fiscal year were ROE of 4.9%, ROA of 5.4%, DOE of 2.4% and a dividend payout ratio of 49.0%.