Managing Investment Opportunities Using IRR, Payback Period and PATRAC
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「When making new investments and other such investments, we conduct quantitative assessments of whether returns commensurate with the risks can be achieved, based on internally established investment criteria such as IRR, in addition to qualitative risk analysis, and conduct thorough risk management.」
The Company continues to conduct quantitative and qualitative assessments based on investment criteria such as IRR, and follow up on key matters after investment. - FY2023RestatedAnnual report
「When making new investments and other such investments, the Company and its consolidated subsidiaries conduct thorough risk management, including quantitative and qualitative assessments of whether returns commensurate with the risks can be achieved, based on internally established investment criteria such as IRR, payback period and PATRAC, which is risk-adjusted after-tax profit.」
The Company continues to conduct quantitative and qualitative assessments of new investments using IRR, payback period and PATRAC. - FY2022RestatedAnnual report
「When making new investments and other such investments, the Company and its consolidated subsidiaries conduct thorough risk management, including quantitative and qualitative assessments of whether returns commensurate with the risks can be achieved, based on internally established investment criteria such as IRR, payback period and PATRAC, which is risk-adjusted after-tax profit.」
The Company continues to conduct quantitative and qualitative assessments of investments using IRR, payback period and PATRAC. - FY2022-Q3AdvancedAnnual report
「By regularly monitoring capital efficiency and risk-return efficiency using ROIC (*2)/CROIC (*3) and RORA (*4), we seek to improve asset quality and increase ROE.」
In addition to managing investments using IRR, payback period and PATRAC, the Company described regular monitoring of capital efficiency and risk-return efficiency using ROIC, CROIC and RORA. - FY2021AdvancedAnnual report
「Strengthening risk exposure management and promoting measures to improve business profitability using ROIC/RORA (*2)」
The Company stated its policy of managing business profitability and capital efficiency using ROIC/RORA, in addition to investment screening based on IRR, payback period and PATRAC. - FY2020First statedAnnual report
「When making new investments and other such investments, we conduct thorough risk management, including quantitative and qualitative assessments of whether returns commensurate with the risks can be achieved, based on internally established investment criteria such as IRR, payback period and PATRAC (*), which is risk-adjusted after-tax profit.」
PATRAC was defined as a proprietary metric calculated as “after-tax profit − risk assets × 10%,” and a framework for reviewing the risk-adjusted returns of investments was described.