Expansion of Shoe Plaza to 500 stores and achievement of 8% ROE for the fiscal year ending February 2020
First written in FY2018. 2 of 6 entries say "Worsened", first in FY2021. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「The Group regards consolidated return on equity (ROE) as an important indicator and has set a medium-term target of achieving 8%.」
The medium-term target of 8% ROE has continued to be stated, but ROE for the fiscal year ending February 2026 was 0.5%, down from 5.7% in the previous fiscal year. - FY2024ROE improved to 3.7%, but the 8% target was not achievedAnnual report
「The Group had regarded consolidated return on equity (ROE) as an important indicator and set a medium-term target of 8%. However, the pandemic has changed lifestyles, including through the spread of telework, and demand for products has changed compared with before the pandemic.」
ROE improved from negative 5.1% in the previous fiscal year to 3.7%, but remained below the medium-term target of 8%. The company has continued to explain that it aims to improve profitability by expanding non-store sales channels such as e-commerce and through product development and assortment improvements. - FY2023ROE improved, but difficulty in achieving the target in the near term continuesAnnual report
「The Group had regarded consolidated return on equity (ROE) as an important indicator and set a medium-term target of 8%. However, economic activity has stagnated due to the impact of COVID-19, and demand for shoes worn outside the home has declined as lifestyles have changed, including through the adoption of telework. Competition from online retail and other industries is also intensifying, and it is expected to take a considerable amount of time to return to pre-pandemic levels, making it difficult to achieve the target in the near term.」
ROE improved from negative 7.0% in the previous fiscal year to negative 5.1%, but the explanation that achieving the 8% target in the near term would be difficult has continued. - FY2021WorsenedAnnual report
「The Group had regarded consolidated return on equity (ROE) as an important indicator and set a medium-term target of 8%. However, economic activity has stagnated amid the spread of COVID-19, and changes in lifestyles, including the adoption of telework, have reduced demand for shoes worn outside the home. Competition from online retail and other industries is also intensifying, causing sales to decline substantially and making it difficult to achieve the target in the near term.」
Regarding the 8% ROE target, ROE was negative 7.9% for the fiscal year ending February 2021, and the filing explicitly stated that achieving the target in the near term would be difficult due to the pandemic, changes in demand and intensifying competition. The 500 Shoe Plaza stores target was not reiterated in this filing. - FY2019Explicitly stated that achieving the target is difficultAnnual report
「The Group regards consolidated return on equity (ROE) as an important indicator and has set a medium-term target of 8%. However, competition is intensifying due to over-storing as well as competition from e-commerce, the apparel industry and other industries. Sales have stagnated and the gross margin on sales has also been declining, leaving ROE for the fiscal year ending February 2019 at 2.2% and making achievement of the target difficult.」
The medium-term ROE target of 8% has been maintained, but the company's ROE was 2.2% for the fiscal year ending February 2019, and it explicitly stated that achieving the target would be difficult. - FY2018First statedAnnual report
「The Group is expanding its store network with a target of 500 Shoe Plaza stores, seeking to improve its gross profit margin by enhancing the value of and expanding sales of private-label products, and has set a target of achieving consolidated ROE of 8% for the fiscal year ending February 2020.」
The 500 Shoe Plaza stores target and the 8% consolidated ROE target for the fiscal year ending February 2020 were stated explicitly for the first time. ROE for the fiscal year ending February 2018 was reported at 6.1%.