Group Medium- to Long-Term Targets for Adjusted ROE and Cost of Capital
First written in FY2022. 4 of 7 entries say "Raised", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
10 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「In light of the improvement in cash generation capacity since the start of the current Medium-term Management Plan, we will raise the target level for FY2030 to 15% or higher and undertake strategic investments for growth under the next Medium-term Management Plan.」
In light of the early achievement of the current Medium-term Management Plan's 12% target for Group adjusted ROE in its final year, the FY2030 target level was raised to 15% or higher. - FY2025RaisedAnnual report
「Group adjusted ROE was 10.7%. In addition to a substantial increase in Group adjusted profit, the reduction in domestic equities progressed ahead of plan, enabling us to achieve the 10% target under the current medium-term management plan ahead of schedule. As we expect to remain above 10% in the following fiscal year, we have raised the target level during the current medium-term management plan period to 12% or higher, taking into account the gap between the global top tier we aim to reach and our current position.」
Adjusted ROE was 10.7%, achieving the previous medium-term target of 10% ahead of schedule. The target level was raised to 12% or higher. - FY2024RaisedAnnual report
「Accordingly, by the end of the new medium-term management plan, we aim to achieve a stable position in which capital efficiency, represented by the adjusted ROE target of 10%, exceeds the cost of capital, targeted at 8%.」
The Company set new targets for capital efficiency and the cost of capital, with a medium-term adjusted ROE target of 10% and a cost of capital target of 8%. - FY2023-Q2AdvancedAnnual report
「Under the 2021–23 Medium-Term Management Plan "Re-connect 2023" (the "current plan"), we have positioned capital circulation management as a Group strategy and are working to achieve capital efficiency above the cost of capital over the medium term.」
The policy of achieving capital efficiency above the cost of capital was presented as a specific execution measure involving the acquisition of protection businesses with high capital efficiency. - FY2022First statedAnnual report
「We aim for Group adjusted ROE of approximately 8% at the end of the fiscal year ending March 2024, when the current medium-term management plan ends, and approximately 9% over the medium to long term. Our current internal estimate of the cost of capital is approximately 10%, and we aim to reduce it to approximately 8% over the medium term by reducing market-related risks and through other measures.」
Under Re-connect 2023, the Company newly specified a time-bound target and a long-term target for adjusted ROE, as well as a target for reducing the cost of capital.