Value Creation Targeting Medium- to Long-Term ROE of at Least 10.3%
First written in FY2018. 6 of 9 entries say "Raised", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2020: 25 of 113 companies on the "Worse" side.
24 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「ROE for the fiscal year was 7.3%, up 1.2 percentage points year on year, but 1.3 percentage points below the 8.6% target for this metric under the medium-term management plan. As described in “II. Business Overview, 1. Management Policy, Business Environment, and Issues to Be Addressed in Business and Finance,” the company will work to improve this metric by increasing the efficiency of existing production bases, reviewing its production bases, and improving technology and developing products from a medium- to long-term perspective.」
The ROE target under the medium-term management plan was raised from 4.7% in the previous fiscal year to 8.6%. Actual ROE was 7.3%, 1.3 percentage points below the target. - FY2025RaisedAnnual report
「ROE for the fiscal year was 6.1%, up 4.0 percentage points from the previous fiscal year and 1.4 percentage points above the 4.7% target set for this indicator in the medium-term management plan.」
The medium-term management plan's ROE target was raised from 3.8% in the previous fiscal year to 4.7%, while actual ROE was 6.1%, exceeding the target by 1.4 percentage points. - FY2024SoftenedAnnual report
「ROE for the fiscal year was 2.1%, down 5.2 percentage points from the previous fiscal year and 1.7 percentage points below the 3.8% target set for this indicator in the medium-term management plan. As described in “2. Business Overview, 1. Management Policy, Business Environment and Issues to Be Addressed, (3) Business and Financial Issues to Be Addressed,” the Company will work to improve this indicator by increasing the efficiency of existing production sites, reviewing its production sites, and improving technology and developing products from a medium- to long-term perspective.」
Actual ROE declined to 2.1%, while the medium-term management plan's target was lowered from 18.5% in the previous fiscal year to 3.8%. The actual result was 1.7 percentage points below the target. - FY2023RaisedAnnual report
「ROE for the fiscal year was 7.3%, down 1.9 percentage points from the previous fiscal year and 11.2 percentage points below the 18.5% target set for this indicator in the medium-term management plan. As described in “2. Business Overview, 1. Management Policy, Business Environment and Issues to Be Addressed, (4) Business and Financial Issues to Be Addressed as a Priority,” the Company will work to improve this indicator through product cost reductions and higher productivity while appropriately addressing the spread of COVID-19 infections.」
The medium-term management plan's ROE target was raised from 17.1% in the previous fiscal year to 18.5%. Meanwhile, actual ROE declined to 7.3%, 11.2 percentage points below the target. - FY2022RaisedAnnual report
「ROE for the fiscal year was 9.2%, down 1.8 percentage points from the previous fiscal year and 7.9 percentage points below the 17.1% target set for this indicator in the medium-term management plan.」
The medium-term management plan's ROE target was lowered from 17.7% in the previous fiscal year to 17.1%. Actual ROE was 9.2%, 7.9 percentage points below the target. - FY2021SoftenedAnnual report
「ROE for the fiscal year was 11.0%, down 8.3 percentage points from the previous fiscal year, but 5.3 percentage points above the 5.7% target set for this indicator in the medium-term management plan.」
Actual ROE was 11.0%, down from 19.3% in the previous fiscal year. The medium-term management plan's target was also lowered from 17.7% to 5.7%, reducing the target level. - FY2020RaisedAnnual report
「ROE for the fiscal year was 19.3%, up 6.8 percentage points from the previous fiscal year and 1.6 percentage points above the 17.7% target set for this indicator in the medium-term management plan.」
The medium-term management plan's ROE target was raised from 12.4% in the previous fiscal year to 17.7%, while the current fiscal year's actual result was 19.3%, exceeding the new target by 1.6 percentage points. - FY2019RaisedAnnual report
「The Company aims to be a value-creating company focused on improving ROE (return on equity) over the medium to long term. ROE for the fiscal year was 12.5, up 1.8 percentage points year on year, and 0.1 percentage points above the 12.4% target set for this indicator in the medium-term management plan. As described in “2. Business Overview, 1. Management Policy, Business Environment and Issues to Be Addressed, (3) Business and Financial Issues to Be Addressed,” the Company will work to improve this indicator through product cost reductions and higher productivity.」
The ROE target was raised from 10.3% to 12.4%, while the current fiscal year's actual result was 12.5%. The actual result exceeded the new target by 0.1 percentage points. - FY2018First statedAnnual report
「The Company aims to be a value-creating company focused on improving ROE (return on equity) over the medium to long term. ROE for the fiscal year was 10.7%, down 5.7 percentage points year on year, but 0.4 percentage points above the 10.3% target set for this indicator in the medium-term management plan. As described in “2. Business Overview, 1. Management Policy, Business Environment and Issues to Be Addressed, (3) Business and Financial Issues to Be Addressed,” the Company will work to improve this indicator through product cost reductions and higher productivity.」
The medium-term management plan's ROE target of 10.3% and the current fiscal year's actual result of 10.7% are presented for the first time as a standalone target theme. Product cost reductions and higher productivity are cited as means of achieving the target.