Increasing Shareholder and Business Value Through a Focus on Capital Efficiency
First written in FY2016. 2 of 8 entries say "Restated". Latest entry: FY2027-H1.
Aseed Holdings moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 17 of 74 companies on the "Worse" side.
39 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「As a result, the equity ratio was 33.8%, compared with 32.9% at the end of the previous consolidated fiscal year.」
The equity ratio rose from 32.9% at the end of the previous consolidated fiscal year to 33.8%. This represents the interim-period change toward the FY2026 target of an equity ratio of approximately 35%. - FY2026RestatedAnnual report
「① ROE (return on equity) .................... at least 12% ② ROA (return on assets) ........................ at least 7% ③ Equity ratio ........................................ approximately 35% ④ Dividend payout ratio ........................ approximately 30%」
The company continues to pursue ROE of at least 12%, ROA of at least 7%, an equity ratio of approximately 35%, and a dividend payout ratio of approximately 30%. It disclosed ROE of 12.00% and an equity ratio of 32.87% for the fiscal year ending March 2026. - FY2024ReframedAnnual report
「① ROE (return on equity) .................... at least 12% ② ROA (return on assets) ........................ at least 7% ③ Equity ratio ........................................ approximately 35% ④ Dividend payout ratio ........................ approximately 30%」
The company has reorganized its indicator framework from the ordinary profit margin on sales of at least 6%, return on invested capital of at least 7%, and dividend payout ratio of at least 30% presented in FY2023 to a framework based on ROE, ROA, the equity ratio, and the dividend payout ratio. - FY2023ReframedAnnual report
「As medium-term management indicators for enhancing corporate value, the company has set the following numerical targets and will work to achieve and consistently maintain them at these levels: ① ordinary profit margin: 6% or higher; ② return on invested capital: 7% or higher; and ③ dividend payout ratio: 30% or higher.」
The company has reorganized its management indicators from the previous composition of ROE, ROA, ordinary profit margin on sales and dividend payout ratio to an ordinary profit margin on sales of at least 6%, return on invested capital of at least 7%, and a dividend payout ratio of at least 30%. ROE and ROA were removed, return on invested capital was newly adopted, and the target for the ordinary profit margin on sales changed from at least 5% to at least 6%. - FY2020RestatedAnnual report
「As medium-term management indicators for enhancing corporate value, the company has set the following numerical targets and will work to achieve and consistently maintain them at these levels: ① return on equity (ROE): 12% or higher; ② return on total capital (ROA): 7% or higher; ③ ordinary profit margin: 5% or higher; and ④ dividend payout ratio: 30% or higher.」
The company continues to pursue numerical targets of ROE of at least 12%, ROA of at least 7%, an ordinary profit margin on sales of at least 5%, and a dividend payout ratio of at least 30%. FY2020 results were ROE of 7.0% and an ordinary profit margin on sales of 2.6%, and the variances from the targets were also disclosed. - FY2019RaisedAnnual report
「As we achieved the target of 10% for return on equity, we will change it to 12%.」
The ROE target changed from 10% to 12%. - FY2018Quantifying management indicators and disclosing variances from targetsAnnual report
「We have established the following numerical targets as medium-term management indicators for increasing corporate value and will work to achieve and sustainably maintain them at these levels: ① Return on equity (ROE): 10% or higher; ② Return on assets (ROA): 7% or higher; ③ Ordinary profit margin on net sales: 5% or higher; ④ Payout ratio: 30% or higher.」
The company gave concrete form to its previous objective of emphasizing capital efficiency through 4 numerical targets: ROE, ROA, ordinary profit margin on sales, and dividend payout ratio. In addition, current-year ROE was 8.6% and the ordinary profit margin on sales was 2.3%, and the variances from the targets were also disclosed. - FY2016First statedAnnual report
「Our goal is to increase shareholder value and business value through the belief that value-added creation is a human activity and through management that emphasizes capital efficiency.」
The company has set increasing shareholder value and business value as objectives, using capital efficiency as a management tool.