Focus on Capital Efficiency with a ROA Target of at Least 10%
First written in FY2016. 2 of 6 entries say "Reframed", first in FY2020. Latest entry: FY2026.
K'S Holdings moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 3 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「While targeting ROE of 10% over the medium to long term, we will work to achieve ROE of 8% in the fiscal year ending March 2027, the final year of the medium-term management plan.」
Capital-efficiency targets are presented in stages: ROE of 10% over the medium to long term and ROE of 8% for the fiscal year ending March 2027. Consolidated ROE for the fiscal year ending March 2026 was 5.7%. - FY2023ROE Below TargetAnnual report
「• Target consolidated ROE of 10% … Consolidated ROE was 7.6%.」
The company continued to target consolidated ROE of 10%, while actual ROE for the fiscal year was 7.6%, down from 10.4% in the prior year. - FY2022Lower ROEAnnual report
「We target consolidated ROE of 10% and a consolidated dividend payout ratio of 30%. … Consolidated ROE was 10.4%.」
The 10% consolidated ROE target continues, while actual ROE was 10.4%. This was down from 14.7% in the prior fiscal year but remained above target. - FY2021AdvancedAnnual report
「We target consolidated ROE of 10% and a consolidated dividend payout ratio of 30%. … Net income attributable to owners of the parent was ¥38,734 million, or 179.9% of the prior-year period, and consolidated ROE was 14.7%.」
The medium-term plan’s 10% ROE target continues, while consolidated ROE for the fiscal year ending March 2021 was 14.7%. - FY2020ReframedAnnual report
「In the five-year medium-term management plan announced in May 2019, covering the fiscal years ending March 2020 through March 2024, we set a target ROE of 10% for the fiscal year ending March 2024」
The previous target of ROA of at least 10% is no longer stated. The five-year medium-term plan instead sets a 10% ROE target for the fiscal year ending March 2024, shifting the capital-efficiency metric from ROA to ROE. - FY2016First statedAnnual report
「Based on ROI, we emphasize the efficiency of invested capital, target ROA of at least 10%, and work to improve capital efficiency and productivity and increase shareholder value.」
The company emphasizes invested-capital efficiency based on ROI and explicitly states a target ROA of at least 10%.