Securing Investment Returns and Emphasis on ROE, Net DER and Cash Flow
First written in FY2016. 3 of 26 entries say "Advanced", first in FY2017. Latest entry: FY2026.
0 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「The risk cost ratio is the return expected by shareholders, with a target ROE of at least 13%.」
For ROE, the company explicitly stated a target of at least 13% as the benchmark for investment evaluation, up from the previous medium-term target of 10–13%. ROE for the period was 12.82%, and net DER was 0.3x. - FY2026-H1Update to interim cash flow resultsAnnual report
「During the six months ended 30 September, cash generated from operating activities was ¥140.4 billion, a decrease of ¥20.2 billion in cash inflows from the six months ended 30 September of the previous year.」
Operating cash flow was ¥140.4 billion, investing cash flow was an outflow of ¥236.5 billion, and financing cash flow was an inflow of ¥86.9 billion. Cash and cash equivalents at the end of the interim period were ¥947.5 billion. - FY2025Annual financial metrics updatedAnnual report
「As a result, the equity attributable to owners of the parent ratio (equity ratio) was 37.2%, and net DER was 0.4x.」
Annual actuals for the fiscal year ended March 2025 were updated to an equity ratio of 37.2%, net DER of 0.4x, operating cash flow of ¥511.874 billion and free cash flow of ¥388.0 billion. - FY2025-H1Update to interim cash flow resultsAnnual report
「During the six months ended 30 September, cash generated from operating activities was ¥160.6 billion, a decrease of ¥42.6 billion in cash inflows from the six months ended 30 September of the previous year.」
Operating cash flow was ¥160.6 billion, investing cash flow was an outflow of ¥63.6 billion, and financing cash flow was an outflow of ¥108.4 billion. Cash and cash equivalents at the end of the interim period were ¥851.2 billion. - FY2024Annual actuals and financial metrics updatedAnnual report
「During the consolidated fiscal year, cash generated from operating activities was ¥542.1 billion. As a result, free cash flow for the consolidated fiscal year was a cash inflow of ¥322.6 billion. The equity attributable to owners of the parent ratio (equity ratio) was 34.9%, and net DER was 0.5x.」
Annual actuals were updated to operating cash flow of ¥542.1 billion, free cash flow of ¥322.6 billion, an equity ratio of 34.9% and net DER of 0.5x. ROE was 15.13%. - FY2024-Q3Third-quarter cash flow actuals updatedAnnual report
「During the nine months ended 31 December, cash generated from operating activities was ¥371.3 billion, an increase of ¥190.7 billion in cash inflows from the nine months ended 31 December of the previous year.」
Operating cash flow for the nine months ended 31 December was updated to ¥371.3 billion, an increase of ¥190.7 billion year on year. - FY2024-Q2Update on second-quarter cash flow resultsAnnual report
「During the six months ended 30 September, cash generated from operating activities was ¥203.2 billion, an increase of ¥124.5 billion in cash inflows from the six months ended 30 September of the previous year.」
Operating cash flow for the six months ended 30 September was updated to ¥203.2 billion. - FY2024-Q1Update to first-quarter cash flow resultsAnnual report
「During the three months ended 30 June, cash generated from operating activities was ¥92.2 billion, an increase of ¥65.3 billion in cash inflows from the three months ended 30 June of the previous year.」
Operating cash flow for the first quarter of the fiscal year ending March 2024 was updated to ¥92.2 billion. Cash and cash equivalents at the end of the quarter were ¥821.9 billion. - FY2023Annual cash flow and financial metrics updatedAnnual report
「During the consolidated fiscal year, cash generated from operating activities was ¥444.2 billion. As a result, free cash flow for the consolidated fiscal year was a cash inflow of ¥304.3 billion. The equity attributable to owners of the parent ratio (equity ratio) was 30.0%, and net DER was 0.7x.」
Annual actuals were updated to operating cash flow of ¥444.2 billion, free cash flow of ¥304.3 billion, an equity ratio of 30.0% and net DER of 0.7x. - FY2023-Q3Third-quarter cash flow actuals updatedAnnual report
「During the nine months ended 31 December, cash generated from operating activities was ¥180.6 billion, an increase of ¥148.0 billion in cash inflows from the nine months ended 31 December of the previous year.」
Operating cash flow for the nine months ended 31 December was updated to ¥180.6 billion. Cash and cash equivalents at the end of the quarter were ¥798.7 billion. - FY2023-Q2Update on second-quarter cash flow resultsAnnual report
「During the six months ended 30 September, cash generated from operating activities was ¥78.7 billion, an increase of ¥46.9 billion in cash inflows from the six months ended 30 September of the previous year.」
Operating cash flow for the six months ended 30 September of the fiscal year ending March 2023 was updated to ¥78.7 billion. - FY2023-Q1Update to first-quarter cash flow resultsAnnual report
「During the three months ended 30 June, cash generated from operating activities was ¥26.9 billion, a decrease of ¥12.2 billion in cash inflows from the three months ended 30 June of the previous year.」
Operating cash flow for the first quarter of the fiscal year ending March 2023 was updated to ¥26.9 billion. Cash and cash equivalents at the end of the quarter were ¥731.4 billion, an increase of ¥78.4 billion from the end of the previous consolidated fiscal year. - FY2022Annual actuals and cash flow updatedAnnual report
「As a result, the equity attributable to owners of the parent ratio (equity ratio) was 28.2%, and net DER was 0.7x.」
The company disclosed an equity ratio of 28.2% and net DER of 0.7x. Operating cash flow was ¥50.1 billion, while free cash flow represented a cash outflow of ¥107.2 billion. - FY2022-Q3Third-quarter cash flow actuals updatedAnnual report
「During the nine months ended 31 December, cash generated from operating activities was ¥32.6 billion, a decrease of ¥175.4 billion in cash inflows from the nine months ended 31 December of the previous year.」
Operating cash flow for the nine months ended 31 December was updated to ¥32.6 billion. Cash inflows decreased by ¥175.4 billion year on year. - FY2022-Q2Update on second-quarter cash flow resultsAnnual report
「During the six months ended 30 September, cash generated from operating activities was ¥31.8 billion, a decrease of ¥107.6 billion in cash inflows from the six months ended 30 September of the previous year.」
Operating cash flow for the six months ended 30 September of the fiscal year ending March 2022 was updated to ¥31.8 billion. Cash inflows decreased by ¥107.6 billion year on year. - FY2022-Q1Update to first-quarter cash flow resultsAnnual report
「During the three months ended 30 June, cash generated from operating activities was ¥39.1 billion, a decrease of ¥0.1 billion in cash inflows from the three months ended 30 June of the previous year.」
Operating cash flow for the first quarter of the fiscal year ending March 2022 was ¥39.1 billion, updating the result for the same period of the previous year. - FY2021Update to Full-Year ResultsAnnual report
「As a result, the equity attributable to owners of the parent ratio (equity ratio) was 28.1%, and net DER was 0.7x.」
For the fiscal year ended March 2021, the equity ratio was 28.1% and net DER was 0.7x. Annual actual results against the capital management target of net interest-bearing debt of no more than 1.0x were updated. - FY2021-Q3Third-quarter cash flow actuals updatedAnnual report
「During the nine months ended 31 December, cash generated from operating activities was ¥208.0 billion, an increase of ¥40.5 billion in cash inflows from the nine months ended 31 December of the previous year.」
Operating cash flow for the nine months ended 31 December was ¥208.0 billion, an increase of ¥40.5 billion year on year. Cash and cash equivalents at the end of the quarter were ¥609.3 billion. - FY2021-Q2Update to interim cash flow resultsAnnual report
「During the six months ended 30 September, cash generated from operating activities was ¥139.4 billion.」
Operating cash flow for the six months ended 30 September was ¥139.4 billion, and cash and cash equivalents at the end of the period were ¥698.8 billion. - FY2020Update to actual resultsAnnual report
「As a result, the equity attributable to owners of the parent ratio (equity ratio) was 26.3%, and net DER was 0.9x.」
Actual results for the fiscal year ended March 2020 were updated to ROE of 11.33%, net DER of 0.9x and free cash flow of ¥93.9 billion. - FY2019Update to actual resultsAnnual report
「As a result, the equity attributable to owners of the parent ratio (equity ratio) was 26.9%, and net DER was 0.8x.」
Actual net DER for the fiscal year ended March 2019 was 0.8x, within the target range of no more than 1.0x. ROE was disclosed at 11.2%. - FY2018AdvancedAnnual report
「Fiscal year ended March 2018: actual; ROE: 11.7%, 11.0%; net DER: 0.9x; target: no more than 1.0x」
Actual ROE was 11.7% and actual net DER was 0.9x, disclosing results against the previously set targets of ROE of 10–13% and net DER of no more than 1.0x. The forecast for the fiscal year ending March 2019 calls for ROE of 11.0% and net DER of no more than 1.0x. - FY2017AdvancedAnnual report
「Our Group places importance on ROE, which is highly correlated with the cost of shareholders’ equity, and net DER, which indicates financial stability, as management metrics for achieving stable growth while maintaining financial soundness. We have set a medium-term ROE target of 10–13% and a net DER target of no more than 1.0x.」
Specific targets were set for ROE of 10–13% and net DER of no more than 1.0x as medium-term targets. - FY2016First statedAnnual report
「In our investment activities, we will continue working to further strengthen our management systems in order to allocate management resources appropriately and secure reliable investment returns. To maintain a sound financial position, we will also continue to manage the business with a particular focus on ROE, which is highly correlated with the cost of shareholders’ equity, net DER, which indicates financial stability, and cash flow, which indicates the movement of funds.」
Investment returns, ROE, net DER and cash flow are identified as key management metrics.