Improving Capital Efficiency through Higher ROA
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「(Financial targets) Net sales ¥11.6 billion, operating margin 4.2%, ROE 4.5%」
The 4.5% ROE target for fiscal 2029 was restated. - FY2025RaisedAnnual report
「(Financial targets) Net sales ¥11.6 billion, operating margin 4.2%, ROE 4.5%」
Although no specific ROE target had previously been set, a new target of 4.5% ROE was established for fiscal 2029. - FY2024RestatedAnnual report
「The Group recognises that, in order to enhance shareholder value, it is important to improve capital efficiency by increasing return on equity (ROE). We are currently working to establish a stable earnings structure and intend to set specific target management indicators once a stable earnings outlook has been established.」
The view that improving ROE is important, and the policy of setting specific target figures after establishing a stable earnings outlook, were restated. - FY2021RestatedAnnual report
「The Group recognises that, in order to enhance shareholder value, it is important to improve capital efficiency by increasing return on equity (ROE). We are currently working to establish a stable earnings structure and intend to set target management indicators once a stable earnings outlook has been established.」
The intention to prioritise improving ROE while setting target figures after establishing a stable earnings outlook was restated. - FY2020RestatedAnnual report
「The Group recognises that, in order to enhance shareholder value, it is important to improve capital efficiency by increasing return on equity (ROE). We are currently working to establish a stable earnings structure and intend to set target management indicators once a stable earnings outlook has been established.」
The view that improving ROE is important, and the intention to set target figures after establishing a stable earnings outlook, were restated. - FY2018ReframedAnnual report
「The Group recognises that, in order to enhance shareholder value, it is important to improve capital efficiency by increasing return on equity (ROE).」
The reference changed from ROA in the previous disclosure to ROE (return on equity) this time. No specific target has been set. - FY2017First statedAnnual report
「We recognise that, in order to enhance shareholder value, it is important to improve capital efficiency by increasing return on assets (ROA). We are currently working to establish a stable earnings structure and intend to set target management indicators once a stable earnings outlook has been established.」
The Company has not set a specific ROA target, indicating that it plans to set management indicators after establishing a stable earnings structure.