Management Focused on Cost of Capital and Share Price and 6.0% ROE Target
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The steady progress in improving earnings power and capital efficiency through the implementation of measures under the medium- to long-term management plan resulted in ROE of 5.7% in the most recent fiscal year. Although this was within the range of the cost of shareholders' equity recognized by the company, approximately 5.5%–6.5% based on CAPM, market valuation, and other factors, the company recognizes that the level remains insufficient.」
ROE in the most recent fiscal year was 5.7%, within the approximate 5.5%–6.5% range for the cost of shareholders' equity. The company reaffirmed its 6.0% ROE target at the end of the plan period and its policy of further improving capital profitability. - FY2025First statedAnnual report
「By implementing priority measures and capital measures in the revision of this plan, we have set a target ROE of 6.0% at the end of the plan period and will seek to further improve capital profitability after the plan period through the continued implementation of growth investments, capital measures, and other initiatives.」
After stating its current recognition that PBR was approximately 0.5x, the cost of shareholders' equity was approximately 5%–6%, and ROE for FY2024 was 4.3%, the company set a new target of 6.0% ROE at the end of the medium- to long-term management plan.