Maintaining and sustainably improving ROE to 15% or higher
First written in FY2021-Q2. 3 of 8 entries say "Worsened", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 25 of 113 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「ROE (return on equity) [consolidated] Fiscal year ended February 2024 1.6% Fiscal year ended February 2025 — Fiscal year ended February 2026 9.5%」
ROE recovered to 9.5% from a loss-making previous fiscal year, but it remains below the target level of 15% or higher. - FY2025WorsenedAnnual report
「Because net income attributable to owners of the parent was negative for the consolidated fiscal year, ROE was not disclosed.」
Although the target of ROE of 15% or higher remains in place, ROE for the fiscal year ended February 2025 was not calculated or disclosed because the company recorded a net loss. - FY2024WorsenedAnnual report
「ROE (return on equity) [Consolidated] Fiscal year ended February 2022: — Fiscal year ended February 2023: 21.0% Fiscal year ended February 2024: 1.6%」
Consolidated ROE fell from 21.0% for the fiscal year ended February 2023 to 1.6% for the fiscal year ended February 2024, below the target level of 15% or higher. - FY2024RaisedAnnual report
「The group regards ROE (return on equity) as a core indicator related to sustainable growth in corporate value and aims to maintain ROE at 15% or higher and improve it over the medium to long term.」
The group again explicitly stated that it aims not only to maintain ROE at 15% or higher but also to improve it over the medium to long term, adding an element of continuous improvement to the target. - FY2022SoftenedAnnual report
「The company also regards ROE (return on equity) as a core indicator related to sustainable growth in corporate value and will pursue business expansion and improved profitability. Its goal is to maintain ROE at 15% or higher.」
The wording of the target was softened from the previous “maintain ROE at 15% or higher and improve it sustainably” to “maintain ROE at 15% or higher,” while ROE for the fiscal year ended February 2022 was 21.5%. - FY2021RestatedAnnual report
「The company regards ROE (return on equity) as a core indicator related to sustainable growth in corporate value and aims to maintain ROE at 15% or higher and improve it sustainably.」
The company reaffirmed its goal of maintaining and sustainably improving ROE at 15% or higher, and reported ROE of 25.52% for the fiscal year ended February 2021. - FY2021-Q3RestatedAnnual report
「Regarding its management indicators, the company regards ROE (return on equity) as a core indicator related to sustainable growth in corporate value and will pursue business expansion and improved profitability. Its goal is to maintain ROE at 15% or higher and improve it sustainably.」
While stating that there had been no material change in its management policy or strategy, the company reiterated its target of maintaining ROE at 15% or higher and improving it sustainably. - FY2021-Q2First statedAnnual report
「Regarding its management indicators, the company regards ROE (return on equity) as a core indicator related to sustainable growth in corporate value and will pursue business expansion and improved profitability. Its goal is to maintain ROE at 15% or higher and improve it sustainably.」
The company first explicitly identified ROE as a core indicator related to growth in corporate value and set a target of maintaining ROE at 15% or higher and improving it sustainably.