Capital Efficiency Management with a Focus on ROE
First written in FY2017. 5 of 13 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2020: 26 of 115 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「ROE 0.9 △14.1」
ROE declined from 0.9% in the previous fiscal year to negative 14.1%, with performance against the policy of improving capital efficiency deteriorating further. - FY2025WorsenedAnnual report
「ROE 5.0 0.9」
ROE declined from 5.0% in the previous fiscal year to 0.9%, indicating deterioration in performance against the policy of improving capital efficiency. - FY2024WorsenedAnnual report
「ROE 7.4 5.0」
ROE declined from 7.4% in the previous fiscal year to 5.0%. - FY2022AdvancedAnnual report
「We set ROE of 8% or higher as a numerical target to be achieved during the plan period. ROE for the fiscal year ended March 2022 was 7.5%, falling short of the 8% target. Meanwhile, in terms of financial management, the Group actively optimized its balance sheet, transforming its corporate structure into one that is more resilient to crises and financially stronger.」
ROE fell short of the 8% target but improved from negative 6.4% in the fiscal year ended March 2021 to 7.5%. The disclosure also stated that balance-sheet optimization had been advanced. - FY2021SoftenedAnnual report
「We have set ROE of at least 8% as a numerical target to be achieved during the Plan period. Although achieving this target during the Plan period is expected to be difficult, we are accelerating business expansion in growth areas toward achieving ROE of at least 8%, while managing our businesses with an emphasis on capital efficiency and profitability in order to steadily generate cash returns, mainly from existing businesses.」
The target of ROE of 8% or higher was maintained, but the outlook was revised downward as achievement during the plan period is expected to be difficult. - FY2020AdvancedAnnual report
「The company set a target ROE of at least 8% for fiscal 2021 as a numerical target to be achieved during the plan period. To achieve this, it is accelerating business expansion in growth areas and advancing business operations and their rollout to operating sites based on management indicators that emphasize capital efficiency and profitability, in order to secure stable cash flows from existing businesses.」
The company explicitly stated its policy of improving ROE as a time-bound, numerical target of at least 8% for fiscal 2021. ROE was 1.3% in the fiscal year ended March 2020. - FY2019AdvancedAnnual report
「The Group has made ROE (return on equity attributable to owners of the parent) a key management indicator in pursuing capital efficiency and aims to improve it. ROE 6.3 11.2」
Under its policy of treating ROE as a key indicator, ROE rose from 6.3% in the previous fiscal year to 11.2%. - FY2019-Q2AdvancedAnnual report
「The company worked to roll out internally business operations based on management indicators that emphasize capital efficiency.」
The company progressed to the stage of rolling out internally business operations based on management indicators that emphasize capital efficiency. - FY2018AdvancedAnnual report
「The Group has made ROE (return on equity attributable to owners of the parent) a key management indicator in pursuing capital efficiency and aims to improve it.」
The Group continued its policy of using ROE as a key indicator, and ROE rose from 0.7% in the previous fiscal year to 6.3%. It also advanced a review of its management structure and management processes centered on ROE and ROIC. - FY2017First statedAnnual report
「The Group has made ROE (return on equity attributable to owners of the parent) a key management indicator in pursuing capital efficiency and aims to improve it.」
The Group first explicitly stated its policy of treating ROE as a key management indicator and aiming to improve capital efficiency.