Medium-term ROE of 10% or more and EPS before goodwill amortization of ¥200 or more
First written in FY2019. 2 of 18 entries say "Softened", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Group recognizes the return of profits to shareholders as one of its key management priorities. As its basic policy on profit allocation, it aims to raise its total payout ratio through stable and sustained dividends and flexible, timely share repurchases, while also reducing shareholders' equity, with the goal of achieving ROE of 10% or more before goodwill amortization in the future.」
The target has changed from ROE of 8% or more by the fiscal year ending February 2031, as stated in FY2024, to wording that sets a future target of ROE of 10% or more without specifying a deadline. The previous earnings-per-share target is not restated. - 2026-04-10RestatedEarnings
「We aim to reduce shareholders' equity and ultimately achieve ROE of at least 10% before amortization of goodwill.」
Restates the goal of ultimately achieving ROE of at least 10% before amortization of goodwill. - FY2024SoftenedAnnual report
「The Group has established its 2030 Vision to achieve earnings growth through the execution of its business strategy and improve return on capital through its capital policy. With the goal of achieving ROE of 8% or more, calculated using net income before goodwill amortization, by the fiscal year ending February 2031, the final year of the 2030 Vision, the Group will pursue growth through active investment and higher returns on capital.」
The Company is transitioning from the previous Sixth Medium-Term Management Plan, which targeted ROE of 8% or more and earnings per share of ¥150 or more for the fiscal year ending February 2024, to the 2030 Vision centered on ROE of 8% or more by the fiscal year ending February 2031. The earnings-per-share target is not restated in this filing. - FY2024-Q3Update to operating income before goodwill amortizationAnnual report
「In addition, operating profit before goodwill amortization, designated as a key management indicator, was ¥1,709 million, up 20.6% year on year.」
Regarding the key indicators related to the profitability targets of the Sixth Medium-Term Management Plan, the filing reports cumulative nine-month operating profit before goodwill amortization of ¥1,709 million, up 20.6% year on year. - FY2024-Q2Update to operating income before goodwill amortizationAnnual report
「In addition, operating profit before goodwill amortization, designated as a key management indicator, was ¥1,317 million, up 47.4% year on year.」
Regarding the key indicators related to the profitability targets of the Sixth Medium-Term Management Plan, the filing reports cumulative six-month operating profit before goodwill amortization of ¥1,317 million, up 47.4% year on year. - FY2024-Q1Update to operating income before goodwill amortizationAnnual report
「In addition, operating profit before goodwill amortization, designated as a key management indicator, was ¥852 million, up 66.2% year on year.」
Regarding the key indicators related to the medium-term profitability targets, the filing reports first-quarter operating profit before goodwill amortization of ¥852 million, up 66.2% year on year. - FY2023Updated Target PerformanceAnnual report
「As medium-term numerical targets, the Company has set ROE of 8% or more, calculated using net income before goodwill amortization, and earnings per share of ¥150 or more, calculated using net income before goodwill amortization. In the 73rd fiscal year, operating profit before goodwill amortization was ¥2,476 million. ROE calculated using net income before goodwill amortization was 4.1%, and earnings per share calculated using net income before goodwill amortization were ¥76.7.」
Against the Sixth Medium-Term Management Plan targets of ROE of 8% or more and earnings per share of ¥150 or more, results for the 73rd fiscal year were ROE of 4.1% and earnings per share of ¥76.7. The reported figures have been updated from the previous fiscal year's 4.8% and ¥92.7. - FY2023-Q3Update to operating income before goodwill amortizationAnnual report
「In addition, operating profit before goodwill amortization, designated as a key management indicator, was ¥1,416 million, up 26.7% year on year.」
Regarding the key indicators related to the profitability targets of the Sixth Medium-Term Management Plan, the filing reports cumulative nine-month operating profit before goodwill amortization of ¥1,416 million, up 26.7% year on year. - FY2023-Q2Update to operating income before goodwill amortizationAnnual report
「Operating income before goodwill amortization, designated as an important management indicator, was ¥893 million, up 31.7% year on year.」
For the important indicator related to the profitability target of the Sixth Medium-Term Management Plan, the results reported were operating income before goodwill amortization of ¥893 million for the six-month period and a 31.7% year-on-year increase. - FY2023-Q1Update to operating income before goodwill amortizationAnnual report
「Operating income before goodwill amortization, designated as an important management indicator, was ¥512 million, up 10.9% year on year.」
For the important indicator related to the medium-term profitability target, the results reported were operating income before goodwill amortization of ¥512 million for the first quarter of the current fiscal year and a 10.9% year-on-year increase. - FY2022Update to results below targetAnnual report
「In the 72nd fiscal year, operating income before goodwill amortization was ¥2.218 billion. ROE calculated using net income before goodwill amortization was 4.8%, and earnings per share calculated using net income before goodwill amortization was ¥92.7.」
Against the Sixth Medium-Term Management Plan targets of ROE of at least 8% and earnings per share of at least ¥150, the results for the 72nd fiscal year were ROE of 4.8% and earnings per share of ¥92.7. - FY2022-Q3Update to operating income before goodwill amortizationAnnual report
「Operating income before goodwill amortization, designated as an important management indicator, was ¥1.068 billion, down 52.5% year on year.」
For the important indicator related to the medium-term profitability target, the results reported were operating income before goodwill amortization of ¥1.068 billion for the nine-month period and a 52.5% year-on-year decline. - FY2022-Q2Update to operating income before goodwill amortizationAnnual report
「Operating income before goodwill amortization, designated as an important management indicator, was ¥645 million, down 50.1% year on year.」
For the important indicator related to the medium-term profitability target, the results reported were operating income before goodwill amortization of ¥645 million for the six-month period and a 50.1% year-on-year decline. - FY2022-Q1Update to operating income before goodwill amortizationAnnual report
「Operating income before goodwill amortization, designated as an important management indicator, was ¥445 million, up 27.5% year on year.」
The disclosure reports operating income before goodwill amortization for the first quarter of the current fiscal year and its year-on-year growth rate, as an indicator related to medium-term profitability. - FY2021SoftenedAnnual report
「To improve profitability, investment efficiency and the effective use of funds, the Group has established medium-term numerical targets for the fiscal year ending February 2024, the final year of the Sixth Medium-Term Management Plan, of consolidated net sales of ¥45 billion, ROE of at least 8% calculated using net income before goodwill amortization, and earnings per share of at least ¥150 calculated using net income before goodwill amortization, and is implementing various measures.」
The numerical targets have been lowered from the previous targets of ROE of at least 10% and earnings per share before goodwill amortization of at least ¥200 to ROE of at least 8% and earnings per share of at least ¥150 for the final year of the Sixth Medium-Term Management Plan. A deadline of the fiscal year ending February 2024 and consolidated net sales of ¥45 billion have also been newly specified. - FY2021-Q3Update to operating income before goodwill amortizationAnnual report
「Operating income before goodwill amortization, designated as an important management indicator, was ¥2.246 billion, down 33.9% year on year.」
In relation to the medium-term targets of ROE of at least 10% and earnings per share before goodwill amortization of at least ¥200, operating income before goodwill amortization of ¥2.246 billion was reported for the nine-month period of the current fiscal year. - FY2020Disclosure of results falling short of targetsAnnual report
「In the 70th fiscal year, operating income before goodwill amortization was ¥4.472 billion. ROE calculated using net income before goodwill amortization was 7.5%, and earnings per share calculated using net income before goodwill amortization was ¥134.67.」
Against the medium-term targets of ROE of at least 10% and earnings per share before goodwill amortization of at least ¥200, the results for the 70th fiscal year were 7.5% and ¥134.67, respectively. - FY2019First statedAnnual report
「To improve profitability, investment efficiency and the effective use of funds, the Group has established medium-term numerical targets of ROE of at least 10%, calculated using net income before goodwill amortization, and earnings per share of at least ¥200, calculated using net income before goodwill amortization, and is implementing various measures.」
The Company has disclosed for the first time medium-term numerical targets of ROE of at least 10% and earnings per share before goodwill amortization of at least ¥200.