Komori
T.Kawabe & (8123) · TargetWorsened

Improvement in return on equity and growth in shareholder returns

First written in FY2016. 5 of 10 entries say "Worsened", first in FY2019. Latest entry: FY2026.

10entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2018WorsenedFY2019 – FY2021AdvancedFY2022 – FY20242016: 120162017: 020172018: 120182019: 120192020: 220202021: 120212022: 120222023: 120232024: 120242025: 020252026: 12026
Same theme, other companies
Improving Capital Efficiency and Profitability Through ROE and ROICA theme 413 companies write about · 7 as a headwind · 417 as a tailwind

The whole theme swung hardest in 2019: 13 of 100 companies on the "Worse" side.

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 193 companies compared. The sentences above are computed from all 193.Comparing 200 of the theme's 425 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「ROA for the consolidated fiscal year was 1.47% (3.32% in the previous consolidated fiscal year), while ROE was 2.51% (5.81% in the previous consolidated fiscal year).」

    ROA changed from 3.32% to 1.47%, and ROE changed from 5.81% to 2.51%, declining in both cases. The company explained that the main factor was an increase in selling, general and administrative expenses.
  2. FY2024AdvancedAnnual report

    「ROA was 2.10% (1.02% in the previous consolidated fiscal year) and ROE was 3.89% (1.94% in the previous consolidated fiscal year).」

    ROA changed from 1.02% to 2.10%, and ROE changed from 1.94% to 3.89%, improving in both cases.
  3. FY2023AdvancedAnnual report

    「ROA for the consolidated fiscal year was 1.02% (negative 2.98% in the previous consolidated fiscal year), while ROE was 1.94% (negative 6.02% in the previous consolidated fiscal year).」

    ROA changed from negative 2.98% to 1.02%, and ROE changed from negative 6.02% to 1.94%, improving in both cases.
  4. FY2022AdvancedAnnual report

    「ROA for the consolidated fiscal year was negative 2.98% (negative 3.46% in the previous fiscal year), while ROE was negative 6.02% (negative 6.79% in the previous fiscal year).」

    ROA changed from negative 3.46% to negative 2.98%, and ROE changed from negative 6.79% to negative 6.02%, but the targets for the fiscal year ending March 2023, ROA of 2.61% and ROE of 4.60%, were not achieved.
  5. FY2021WorsenedAnnual report

    「In the first year, the current consolidated fiscal year, ROA was -3.46% (ROA of -0.1% in the previous fiscal year) and ROE was -6.79% (ROE of -0.19% in the previous fiscal year).」

    Against the new Medium-Term Management Plan 2020 targets of 2.61% for ROA and 4.60% for ROE, first-year results were negative 3.46% for ROA and negative 6.79% for ROE, representing a further decline from the previous fiscal year.
  6. FY2021-Q1WorsenedAnnual report

    「The Company recorded a quarterly net loss attributable to owners of the parent of ¥102 million, compared with a quarterly net loss attributable to owners of the parent of ¥56 million in the same period of the previous year.」

    Shareholder returns deteriorated from a quarterly net loss of ¥56.597 million in the same period of the previous year to a loss of ¥102.188 million in the first quarter under review.
  7. FY2020WorsenedAnnual report

    「In the consolidated fiscal year under review, the final year of the plan, ROA was negative 0.10% (ROA of 1.89% in the previous fiscal year) and ROE was negative 0.19% (3.62% in the previous fiscal year).」

    Against the former plan's targets of 2.65% for ROA and 5.27% for ROE, ROA was negative 0.10% and ROE was negative 0.19% in the final year, declining further from the previous fiscal year.
  8. FY2019WorsenedAnnual report

    「The group has set a return on assets (ROA) of 2.65% and a return on equity (ROE) of 5.27% as its key management indicator targets. However, in the current consolidated fiscal year, ROA was 1.89% (2.13% in the previous fiscal year) and ROE was 3.62% (4.38% in the previous fiscal year), indicating delayed progress toward the targets.」

    ROA was 1.89% and ROE was 3.62%, both below the plan targets of 2.65% for ROA and 5.27% for ROE, and both declined from the previous fiscal year.
  9. FY2018Disclosure of quantitative targetsAnnual report

    「Targets for the final year of the above plan (fiscal year ending March 2020): ① Return on assets (ROA) (consolidated): 2.65% ② Return on equity (ROE) (consolidated): 5.27%」

    The target ROE of 5.27% for the fiscal year ending March 2020 was specified as an improvement target for return on equity. A ROA target of 2.65% was also set.
  10. FY2016First statedAnnual report

    「We will seek to increase shareholder returns from a comprehensive perspective by expanding revenue and improving return on equity.」

    The Company sets out an aim of increasing shareholder returns through revenue growth and improved return on equity, without specifying numerical targets.
Moved together

"Sustained return to profitability in the fragrance business" moved the same way as this thread, in the same document, in 6 of its 10 moves.

665555★123456
  1. ★This thread
  2. 1Sustained return to profitability in the fragrance business6×
  3. 2Weak towel sales at a group company6×
  4. 3Risk of department store closures, floor-space reductions and relocations, and changes in transaction formats5×
  5. 4Dividend of ¥7 per share for the next fiscal year5×
  6. 5Risks from economic weakness in emerging Asia, the UK's exit from the EU and financial-market instability5×
  7. 6Establishing a stable earnings structure5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for T.Kawabe & yet.
News
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