Managing investment returns with 10% ROIC as the baseline
First written in FY2022. 5 of 7 entries say "Raised", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2023: 6 of 40 companies on the "Worse" side.
5 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「As revised targets, we have set ROE of at least 20.0% and ROIC of at least 19.0% for the fiscal year ending June 2030, and aim to improve them further.」
The ROE and ROIC targets for the fiscal year ending June 2030 were revised from more than 16.0% for both metrics to ROE of at least 20.0% and ROIC of at least 19.0%. - FY2025RaisedAnnual report
「The company will continue working to improve ROE and ROIC, important financial metrics, with a target of exceeding 16.0% for both ROE and ROIC in the fiscal year ending June 2030.」
The company raised its target from the previous management approach based on a 10% ROIC benchmark to a target of exceeding 16.0% for both ROE and ROIC in the fiscal year ending June 2030. - FY2023Expansion of the financial metrics covered to include ROEAnnual report
「The company’s basic benchmark is for both ROE and ROIC (calculated using working capital plus fixed assets as invested capital) to exceed 10%, and it aims to improve both metrics.」
The scope was expanded from the previous management approach based on a 10% ROIC benchmark to management based on a basic benchmark of more than 10% for both ROE and ROIC. - FY2022First statedAnnual report
「The company has also focused on ROE as a financial metric, but from the current fiscal year it has newly designated ROIC (return on invested capital) as a metric requiring attention. The group calculates invested capital as working capital (Note) plus fixed assets, with 10% serving as its basic ROIC benchmark.」
In addition to the existing ROE, ROIC was designated as a financial metric requiring attention, with a basic benchmark of 10% ROIC calculated using working capital plus fixed assets as invested capital.