Management targets and indicators

Consolidated targets (FY2023)

The Group will apply the new revenue recognition standard from FY2021.

Management indicators

Targets under Seventh Medium-term Business Plan
ATO	0.80 times
ROS	8.5％
(EBITDA margin)	13.2％
ROA	6.8％
E-ratio	70.6％
ROE	6.1％

Ideal proposition
At least 1.0 times
At least 10%
−
At least 10%
−
Securing 10%

Aggressive investments under Seventh and Eighth Mediumterm Business Plans to realize business growth
Management based on EBITDA margin up to the Eighth Medium-term Business Plan to realize steady investment

Excludes goodwill amortization of 1.8 billion yen which arose when Ichibanya Co., Ltd. was made into a subsidiary; figure in parentheses is before the exclusion

Financial Strategies

Prioritize investment to realize growth and strengthen earning capacity through the 4 VCs and strengthen shareholder returns by shrinking assets such as cross-shareholdings