Expanding and Stabilizing Earnings and Improving ROE
First written in FY2017. 8 of 19 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 14 of 68 companies on the "Worse" side.
1 other company's latest entry also says "Achieved".
- FY2025AchievedAnnual report
「For the consolidated fiscal year under review, ROE was 20.8%, up 2.0 points from the previous consolidated fiscal year, as the net profit margin rose and financial leverage also increased, reaching the target of 20%.」
Against the ROE target of sustainably exceeding 20%, ROE for the fiscal year ending September 2025 was 20.8%, reaching the target level. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward management targets.」
States that there were no material changes in the management policies, management strategies or indicators used to assess progress toward targets. - FY2024RestatedAnnual report
「In November 2023, the company announced a policy of using capital efficiently to maximize shareholder value, positioning ROE (return on equity) as a key management indicator for measuring efficiency, and pursuing measures centered on strengthening earnings power so as to achieve ROE sustainably above 20%. It published an updated version in December 2024.」
Continued its policy of targeting sustainably above 20% ROE. However, ROE for the fiscal year ended September 2024 was 18.8%, down from 21.6% in the previous fiscal year and below the target. - FY2023RaisedAnnual report
「In November 2023, the company announced that it places importance on using capital efficiently to maximize shareholder value, positions ROE (return on equity) as a key management indicator for measuring efficiency, and will pursue stronger earnings power with a policy of targeting sustainably above 20% ROE.」
Made the previous policy of improving ROE more specific by setting a quantitative target of sustainably exceeding 20%. ROE for the current fiscal year was 21.6%, but the company indicated measures aimed at achieving the target on a sustained basis, noting that special factors also contributed. - FY2023-Q1RestatedAnnual report
「During the cumulative consolidated first quarter under review, there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward management targets.」
Continues to state that there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward targets. - FY2022RaisedAnnual report
「The Group's consolidated earnings forecast for the full fiscal year ending September 2023 is as follows: net sales, 10,100; operating profit, 1,400; ordinary profit, 1,400; net income attributable to owners of the parent, 1,000. By increasing AUM at the end of September 2023 by more than 50% from the end of September 2022, the Group expects to strengthen its recurring revenue base.」
For the fiscal year ending September 2023, forecasts net sales of ¥10.1 billion, operating profit and ordinary profit of ¥1.4 billion each, and net income attributable to owners of the parent of ¥1.0 billion, with a target of increasing AUM by more than 50% from the previous fiscal year-end. - FY2022AchievedAnnual report
「In the investment banking business, the formation, execution and exit of private equity investments progressed smoothly, and recoveries from asset investments also progressed. In the entertainment and services business, although the impact of COVID-19 continued at Metsä, sales and profit exceeded plan due to the easing of restrictions on activities and the effects of the Moominvalley Park renewal. As a result, net sales and profit at every level exceeded the initial plan.」
For the fiscal year ending September 2022, actual results exceeded the initial plan for net sales, operating profit, ordinary profit and net income attributable to owners of the parent. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward management targets.」
Continues to state that there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward targets. - FY2021AdvancedAnnual report
「The Group's consolidated earnings forecast for the full fiscal year ending September 2022 is as follows: net sales, 8,000; operating profit, 450; ordinary profit, 300; net income attributable to owners of the parent, 100. In the next fiscal year, the Group expects the segment to post higher sales and profit by further accelerating private equity investments in the investment banking business and generating returns through investment exits and contracted services.」
For the fiscal year ending September 2022, presented forecasts of net sales of ¥8,000 million, operating profit of ¥450 million, ordinary profit of ¥300 million and net income attributable to owners of the parent of ¥100 million, explicitly identifying accelerated private equity investment, investment exits and contracted services as the means of achieving them. - FY2021-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward management targets.」
Continues to state that there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward targets. - FY2021-Q1RestatedAnnual report
「During the cumulative consolidated first quarter under review, there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward management targets.」
Explicitly states that there were no material changes in the management policies, management strategies or indicators used to assess progress toward targets. - FY2020AdvancedAnnual report
「The consolidated earnings forecast for the fiscal year ending September 2021 anticipates a return to profitability, as investment and arrangement activities in the investment banking business are expected to drive performance.」
For the fiscal year ending September 2021, presented forecasts of net sales of ¥9,000 million, operating profit of ¥540 million, ordinary profit of ¥370 million and net income attributable to owners of the parent of ¥250 million, anticipating a return to profitability through investment and arrangement activities. - FY2020-Q2SoftenedAnnual report
「The company had planned to review its 3-year management plan, whose final year was the fiscal year ending September 2020, and publish the revised plan around March 2020, following the Board of Directors' decision on 8 November 2019. However, at a Board meeting held on 19 March 2020, it decided to suspend the review temporarily in order to assess the impact of the spread of COVID-19 on business performance, and to reconsider formulating a new medium-term management plan after the situation had subsided.」
Temporarily suspended the review of the medium-term management plan scheduled for around March 2020 and decided to reconsider formulating a new medium-term plan after the situation had subsided. The timing of publication has become uncertain. - FY2020-Q1RestatedAnnual report
「During the cumulative consolidated first quarter under review, there were no material changes in the management policies, management strategies or objective indicators used to assess progress toward management targets.」
States that there were no material changes in the management policies, management strategies or indicators used to assess progress toward targets. - FY2019SoftenedAnnual report
「Centered on the opening of Metsä and the reallocation of management resources to the investment banking business, the company had formulated a 3-year management plan on 28 May 2018 with the fiscal year ending September 2020 as its final year, but the Board of Directors resolved on 8 November 2019 to review the plan.」
Decided to review the existing 3-year plan in light of expected recoveries from asset investments and changes in the Metsä business, and scheduled the formulation and publication of a new medium-term management plan for around March 2020. For the fiscal year ended September 2019, net sales were ¥9,175 million and the operating loss was ¥1,664 million, below the previous targets of net sales of ¥9,600 million and operating profit of ¥500 million. - FY2019-Q2RestatedAnnual report
「In its core investment banking business, the company has progressed in developing a business model that secures stable income primarily from real estate and aircraft asset management fees, arrangement fees and Metsä rental income.」
Continues to explain the shift from an exit-centered model toward an income structure centered on real estate and aircraft asset management, arrangement fees and Metsä rental income. - FY2019-Q1AdvancedAnnual report
「In its core investment banking business, the company has progressed in shifting from an exit-centered model, which generates substantial earnings but is difficult to predict in terms of timing and scale, toward a business model that secures stable income primarily from real estate and aircraft asset management fees, arrangement fees and Metsä rental income.」
Explains that it has progressed from an earnings structure centered on investment exits toward one centered on stable income from real estate and aircraft asset management, arrangement fees and Metsä rental income. - FY2018-Q3AdvancedAnnual report
「In May 2018, based on the outlook for the Metsä business and the Moomin licensing business, the company formulated a 3-year management plan covering the fiscal years ending September 2018 through September 2020. Consolidated numerical targets: fiscal year ending September 2018 (forecast), fiscal year ending September 2019 (target), fiscal year ending September 2020 (target); net sales: 4,160, 9,600, 13,200; operating profit: △950, 500, 2,700; ordinary profit: △1,160, 300, 2,600.」
Formulated a 3-year management plan covering the fiscal years ending September 2018 through September 2020, and for the first time explicitly stated annual forecasts and targets for net sales, operating profit and ordinary profit. - FY2017First statedAnnual report
「By strongly advancing each business through the execution of the management strategies described in (3) below, the Group will seek to expand and stabilize earnings. Its policy is to create earnings opportunities by providing appropriate solutions to increasingly diverse customer financing needs and to work to improve ROE (return on equity).」
For the first time, explicitly stated the goal of expanding and stabilizing earnings and improving ROE by advancing each business and providing solutions to customer needs.