Business Portfolio Management with a Focus on ROIC and Cost of Capital
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 4 of 10 companies on the "Worse" side.
23 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「In this process, the company will use ROIC as an investment metric and proceed with a focus on efficiency.」
The company has given concrete form to business portfolio management with an awareness of ROIC and the cost of capital as a selection criterion for M&A investments. - FY2023RestatedAnnual report
「To improve capital efficiency, the Hirayama Group uses ROIC and manages its businesses with an awareness of the cost of capital.」
The company continues to pursue management using ROIC and the cost of capital, as well as segment-specific business portfolio reviews. - FY2021First statedAnnual report
「To improve capital efficiency, the Hirayama Group uses ROIC and manages its businesses with an awareness of the cost of capital. It classifies all businesses into the Insourcing (contracting) and staffing, engineer staffing, overseas and Other segments, develops, implements and reviews strategies according to the role of each segment, and will continue to review its business portfolio from the perspective of optimizing the group as a whole.」
The company has stated for the first time its policy of managing capital efficiency using ROIC and the cost of capital, developing, implementing and reviewing segment-specific strategies, and reviewing its business portfolio.