Achieving 10% ROE over the Medium to Long Term
First written in FY2016. 5 of 13 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
- FY2026RaisedAnnual report
「With respect to our Group’s ROE, while promoting initiatives for future growth, diversifying our business portfolio and stabilizing our earnings base, we aim to achieve ROE of at least 20.0% for 3 consecutive periods. ROE for the current consolidated fiscal year was 23.1%.」
The previous Medium-Term Management Plan 2027 target of ROE of at least 18% was raised to a target of at least 20.0% for 3 consecutive periods. ROE for the fiscal year ending March 2026 was 23.1%. - FY2025RaisedAnnual report
「Under the Medium-Term Management Plan 2027, we have set the following financial targets and non-financial commitments as management targets. Financial target for the final year: ROE of at least 18.0%.」
In addition to the previous medium- to long-term ROE target of 10%, the Group established a time-bound financial target of ROE of at least 18.0% for the final year of the Medium-Term Management Plan 2027. - FY2024AdvancedAnnual report
「With respect to our Group’s ROE, we aim to achieve ROE of 10% over the medium to long term, exceeding the cost of capital regardless of trends in the financial instruments markets, by managing with a focus on capital efficiency. ROE for the current consolidated fiscal year was 19.0%.」
The medium- to long-term ROE target of 10% continues, and ROE was 19.0% in FY2023. The Group stated that it achieved the financial targets, including ROE, for the final year of the Medium-Term Management Plan 2024 ahead of schedule. - FY2023AdvancedAnnual report
「With respect to our Group’s ROE, we aim to achieve ROE of 10% over the medium to long term, exceeding the cost of capital regardless of trends in the financial instruments markets, by managing with a focus on capital efficiency. ROE for the current consolidated fiscal year was 14.7%.」
The medium- to long-term ROE target of 10% continues, and actual ROE of 14.7% was disclosed for FY2022. Although down from 15.7% in the previous year, it remained above the target level. - FY2022AdvancedAnnual report
「Our management and financial policy is to stabilize earnings by creating new services while expanding and stabilizing our earnings base, including trading volumes, over the medium to long term. We aim to maintain ROE of 10% over the medium to long term, exceeding the cost of capital regardless of market conditions.」
The medium- to long-term ROE target continues, although the wording has changed from “achieve” to “maintain” 10%. ROE was 15.7% in FY2021, exceeding the Third Medium-Term Management Plan’s target of at least 15% for its final year. - FY2021AdvancedAnnual report
「With respect to our Group’s ROE, we aim to achieve ROE of 10% over the medium to long term, exceeding the cost of capital regardless of trends in the financial instruments markets, by managing with a focus on capital efficiency. ROE for the current consolidated fiscal year was 16.6%.」
The medium- to long-term ROE target of 10% continues, and ROE for FY2020 was 16.6%. The actual ROE was disclosed before the final year of the Third Medium-Term Management Plan. - FY2018AdvancedAnnual report
「With respect to our ROE*, we aim to achieve ROE of 10% over the medium to long term, exceeding the cost of capital regardless of trends in the financial instruments markets, by managing with a focus on capital efficiency.」
The medium- to long-term ROE target of 10% continues, while ROE for the current consolidated fiscal year was 19.0%, up from 16.4% in the previous year. - FY2017RestatedAnnual report
「With respect to our ROE*, we will continue to aim to achieve ROE of 10% over the medium to long term, exceeding the cost of capital regardless of market conditions, by managing with a focus on capital efficiency.」
The medium- to long-term target of achieving ROE of 10% regardless of market conditions continues. - FY2016First statedAnnual report
「With respect to our ROE*, we will continue to aim to achieve ROE of 10% over the medium to long term, exceeding the cost of capital regardless of market conditions, by managing with a focus on capital efficiency.」
The Group has also explained that average ROE was approximately 5% before integration and approximately 16% during the period of the First Medium-Term Management Plan.