ROIC of 8–10% and Widening the WACC Spread
First written in FY2018. 11 of 18 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「ROIC 6% or above 3.4% 6.4%」
ROIC improved from 3.4% in the previous fiscal year to 6.4%, exceeding the medium-term plan target of maintaining ROIC at 6% or above. However, it remains below the 8% target. - FY2025WorsenedAnnual report
「ROIC 6% or above 3.4%」
Actual ROIC for FY2024 was 3.4%, below the new medium-term management plan targets of maintaining ROIC at 6% or above and achieving 8%. - FY2024RestatedAnnual report
「・Return on invested capital (ROIC): Target 8% while maintaining at least 6%」
The 8% ROIC target has been carried forward into the new medium-term management plan, together with a target of maintaining ROIC at 6% or above. Actual ROIC for FY2024 was 4.7%. - FY2024-Q3RestatedAnnual report
「There were no material changes during the nine-month period ended December 2017 in the objective indicators used to assess the status of achievement of the Group's management policies, management strategies and management targets.」
It reconfirms that there have been no material changes to the targets for ROIC and the WACC spread. - FY2024-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
It reconfirms that there have been no material changes to the targets for ROIC and the WACC spread. - FY2023WorsenedAnnual report
「ROIC 4.5％ 4.7％ 6.7％ 5.0％」
ROIC declined from 6.7% in FY2022 to 5.0% in FY2023, below the 8% ROIC target. - FY2023-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
It reconfirms that there have been no material changes to the targets for ROIC and the WACC spread. - FY2022AdvancedAnnual report
「Results during the current medium-term management plan period were as follows: FY2019 (fiscal year 34), 4.5%; FY2020 (fiscal year 35), 4.7%; FY2021 (fiscal year 36), 6.7%.」
ROIC improved from 4.7% to 6.7% but remained below the 8% ROIC target. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2021AdvancedAnnual report
「Return on invested capital (ROIC): Achieve a wider spread between ROIC and the weighted average cost of capital (WACC), with a target of 8%」
ROIC improved from 4.5% in FY2019 to 4.7% in FY2020, representing measurable progress toward the 8% target. - FY2021-Q3RestatedAnnual report
「There were no material changes during the nine-month period ended December 2017 in the objective indicators used to assess the status of achievement of the Group's management policies, management strategies and management targets.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2021-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2020SoftenedAnnual report
「Return on invested capital (ROIC): Achieve a wider spread between ROIC and the weighted average cost of capital (WACC), with a target of 8%」
The ROIC target has changed from the previous future target of 8–10% to a stated target of 8% under the new medium-term management plan, with the upper limit no longer specified. - FY2020-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2020-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2019-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2019-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
It states that there have been no material changes to the targets for ROIC and the WACC spread. - FY2018First statedAnnual report
「・Return on invested capital (ROIC) Aim for 8–10% in the future and achieve a wider spread between ROIC and the weighted average cost of capital (WACC)」
The basic capital policy announced in February 2018 was the first to identify a future ROIC target and the goal of widening the gap between ROIC and WACC.