Capital Policy Aimed at Improving ROE
First written in FY2017. 5 of 12 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 113 companies on the "Worse" side.
- FY2026RaisedAnnual report
「As the ROE target for FY2025 to FY2026, we will set a target of at least 8%, above the cost of equity.」
The target was raised from ROE of at least 7% for FY2024-FY2026 to at least 8% for FY2025-FY2026. Return on equity for the current fiscal year was 9.0%. - FY2025AdvancedAnnual report
「ROE: at least 7% (FY2024-FY2026) <Actual results and outlook> 7.9% (FY2024 actual); at least 8% (FY2025-FY2026 outlook)」
Against the new plan's ROE target of at least 7%, ROE was 7.9% in FY2024, and an outlook of at least 8% was indicated for FY2025-FY2026. - FY2024RaisedAnnual report
「As the ROE target for FY2024 to FY2026, we will set a target of at least 7%, above the cost of equity.」
The target was raised from ROE of at least 6% for FY2020-FY2023 to at least 7% for FY2024-FY2026. - FY2023AdvancedAnnual report
「ROE: at least 6% (FY2020-FY2023) Return on equity (%): 7.7」
Against the plan for ROE of at least 6% from FY2020 to FY2023, return on equity for the fiscal year ended March 2023 was 7.7%. - FY2022AdvancedAnnual report
「ROE: at least 6% (FY2020-FY2023) Return on equity (%): 7.3」
During the period of the medium-term management plan's ROE target of at least 6%, return on equity for the fiscal year ended March 2022 was 7.3%. - FY2020RaisedAnnual report
「With a focus on capital efficiency, we will set a target ROE and establish an appropriate level of retained earnings (shareholder returns) based on investment return levels in the current real estate market. ROE: at least 6% (Note 2) (FY2020-FY2023) Taking into account the impact of the spread of COVID-19, the target for FY2020 will be ROE of at least 5%.」
The previous qualitative target of improving ROE was made more specific through numerical targets of at least 6% for FY2020-FY2023 and at least 5% for FY2020. - FY2019-Q3RestatedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, we aim to increase return on equity (ROE).」
The capital policy target of increasing ROE has been reiterated. - FY2019-Q2RestatedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, we aim to increase return on equity (ROE).」
The capital policy target of increasing ROE has been reiterated. - FY2019-Q1RestatedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, we aim to increase return on equity (ROE).」
The capital policy target of increasing ROE has been reiterated. - FY2017First statedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, we aim to increase return on equity (ROE).」
A target of increasing ROE was stated explicitly for the first time to support sustainable growth and enhanced corporate value.