Numerical Targets for ROE, Recurring Revenue and Fund Wrap Assets Under Custody
First written in FY2016. 15 of 27 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Numerical targets and results under the Seventh Medium-Term Management Plan Item: ROE; SG&A expense coverage ratio from recurring revenue; combined balance of equity investment trusts and Mito Fund Wrap Numerical target (fiscal year ending March 2030): 8.0% or higher; 50.0% or higher; ¥750 billion or higher Result (fiscal year ending March 2026): 7.5%; 45.6%; ¥643.9 billion」
The Company disclosed its first-year results under the Seventh Medium-Term Management Plan. ROE was 7.5%, the SG&A expense coverage ratio from recurring revenue was 45.6%, and the combined balance of equity investment trusts and Mito Fund Wrap was ¥643.9 billion. - FY2025RaisedAnnual report
「4. KPI Target for the fiscal year ending March 2030 Item / Numerical target ROE: 8.0% or higher SG&A expense coverage ratio from recurring revenue: 50.0% or higher Combined balance of equity investment trusts and Mito Fund Wrap: ¥750 billion or higher」
Under the Seventh Medium-Term Management Plan, the ROE target was raised from the previous 5.0% to at least 8.0%, and the target for the SG&A expense coverage ratio from recurring revenue was raised from at least 33% to at least 50.0%. A new KPI was also established: a combined balance of at least ¥750 billion for equity investment trusts and Mito Fund Wrap. - FY2024AdvancedAnnual report
「(Numerical targets and results under the Sixth Medium-Term Management Plan) Item: 1. ROE 2. SG&A expense coverage ratio from recurring revenue* Numerical target: 5.0% (each fiscal year during the plan period); 33% or higher (fiscal 2024) Result: 5.7%; 33.3%」
In the second year of the Sixth Medium-Term Management Plan, ROE was 5.7% against a target of 5.0%, while the SG&A expense coverage ratio from recurring revenue was 33.3% against a target of at least 33%. - FY2024-Q3RestatedAnnual report
「During the cumulative first three quarters under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets including ROE and the SG&A expense coverage ratio from recurring revenue. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets including ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2023Disclosure of first-year results against numerical targets and failure to meet targetsAnnual report
「(Numerical targets and results under the Sixth Medium-Term Management Plan) Item: 1. ROE 2. SG&A expense coverage ratio from recurring revenue* Numerical target: 5.0% (each fiscal year during the plan period); 33% or higher (fiscal 2024) Result: 2.0%; 29.7%」
In the first year of the Sixth Medium-Term Management Plan, ROE was 2.0% against a target of 5.0%, while the SG&A expense coverage ratio from recurring revenue was 29.7% against a target of at least 33%. Both fell short of their targets. - FY2023-Q3RestatedAnnual report
「During the cumulative first three quarters under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets including ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets including ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets including ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2022RaisedAnnual report
「Sixth Medium-Term Management Plan (numerical targets) ROE: 5% or higher (each fiscal year during the plan period) SG&A expense coverage ratio from recurring revenue*: 33% or higher (fiscal 2024)」
The Sixth Medium-Term Management Plan reinstated an ROE target of at least 5% and raised the target for the SG&A expense coverage ratio from recurring revenue from at least 30% to at least 33%. Under the Fifth Medium-Term Management Plan, the coverage ratio was 30.0% and fund wrap assets under custody were ¥124.4 billion, falling short of the ¥130 billion fund wrap target. - FY2022-Q3RestatedAnnual report
「During the cumulative first three quarters under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, targets for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, targets for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, targets for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2021AdvancedAnnual report
「1. The SG&A expense coverage ratio was 23.7%. Although recurring revenue increased as mutual fund agency fees reached ¥1,630 million, or 103.9% year on year, and fund wrap fees reached ¥1,324 million, or 100.7%, higher expenses including bonuses resulted in a lower coverage ratio. 2. Fund wrap assets under custody as of 31 March 2021 increased by ¥21.9 billion from the end of the previous fiscal year to ¥113.2 billion.」
The targets of an SG&A expense coverage ratio from recurring revenue of at least 30% and fund wrap assets under custody of ¥130 billion were maintained. In fiscal 2020, the coverage ratio was 23.7% and assets under custody were ¥113.2 billion, an increase of ¥21.9 billion from the end of the previous fiscal year. - FY2021-Q3RestatedAnnual report
「During the cumulative first three quarters under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, targets for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, targets for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2020Target updates and decline after a temporary breach of the targetAnnual report
「SG&A expense coverage ratio from recurring revenue: 30% or higher (fiscal 2021) Fund wrap assets under custody: ¥130 billion (as of March 2022)」
The targets were maintained, and the Company disclosed a 24.3% SG&A expense coverage ratio and ¥91.2 billion in fund wrap assets under custody for fiscal 2019. Assets under custody temporarily exceeded ¥100 billion in November 2019, but declined to ¥91.2 billion at the fiscal year-end as market conditions deteriorated due to COVID-19. - FY2020-Q3RestatedAnnual report
「During the cumulative first three quarters under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets and objective indicators. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets and objective indicators. - FY2019ReframedAnnual report
「SG&A expense coverage ratio from recurring revenue: 30% or higher (fiscal 2021) Fund wrap assets under custody: ¥130 billion (as of March 2022)」
Under the Fifth Medium-Term Management Plan, the Company maintained an SG&A expense coverage ratio from recurring revenue of at least 30%, while revising the target for fund wrap assets under custody from ¥100 billion under the Management Vision to ¥130 billion. ROE was not set as a target. - FY2019-Q3RestatedAnnual report
「During the cumulative first three quarters under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, targets for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no significant changes to, or newly established items concerning, management policies or related matters.」
The Company stated that there were no significant changes to, or newly established items concerning, management targets and objective indicators. - FY2018AdvancedAnnual report
「ROE improved on the back of increased equity brokerage commissions amid active Japanese equity markets, trading revenue centered on U.S. equities, which continued their upward trend from the previous fiscal year, and higher mutual fund offering and distribution commissions, supported by strong investment performance. However, in the fourth quarter, equity brokerage commissions and trading revenue declined as market conditions entered a correction phase from January. Consequently, ROE for fiscal 2017 was 6.6%, below the target three-year average of 8%.」
ROE improved from 2.5% in the previous fiscal year to 6.6%, but fell short of the three-year average target of 8%. The SG&A expense coverage ratio from recurring revenue was 22.0%, while fund wrap assets under custody were ¥71.6 billion, with progress disclosed against the respective targets of at least 25% and ¥87 billion. - FY2017RestatedAnnual report
「Average ROE: 8% (fiscal 2016–fiscal 2018) SG&A expense coverage ratio from recurring revenue: 30% or higher (fiscal 2021) Fund wrap assets under custody: ¥100 billion (as of March 2022) Average ROE: 10% (fiscal 2019–fiscal 2021)」
The Company continues to uphold the target levels for ROE, the SG&A expense coverage ratio from recurring revenue, and fund wrap assets under custody under the Management Vision and Fourth Medium-Term Management Plan. - FY2016First statedAnnual report
「Management Vision (management indicators) (period covered: April 2015 to March 2022) Average ROE: 8% (fiscal 2016–fiscal 2018) SG&A expense coverage ratio from recurring revenue: 30% or higher (fiscal 2021) Fund wrap assets under custody: ¥100 billion (as of March 2022) Average ROE: 10% (fiscal 2019–fiscal 2021) Fourth Medium-Term Management Plan (numerical targets) (plan period: April 2016 to March 2019) Average ROE: 8% (fiscal 2016–fiscal 2018) SG&A expense coverage ratio from recurring revenue: 25% or higher (fiscal 2018) Fund wrap assets under custody: ¥87 billion (as of March 2019)」
The long-term vision and Fourth Medium-Term Management Plan set numerical targets for ROE, the SG&A expense coverage ratio from stable revenue, and fund wrap assets under custody.