Mid-Term Business Plan
Mid-Term Business Plan: Quantitative Targets
| FY2016 | FY2017 | FY2018 Forecasts |
FY2020 Targets |
||
|---|---|---|---|---|---|
| PL | Profit | 107.9 | 130.2 | 140.0 | 160.0 |
| BS | Total assets | 4,212.0 | 4,310.0 | 4,400.0 | 4,900.0 |
| CF | Free cash flow | +32.2 | +122.6 | - | - |
| Financial metrics |
ROE | 11% | 12% | 11% | 10~13% |
| Net D/E ratio | 1.0 | 0.9 | ≤ 1.0 | ||
| RA/RB | 0.9 | 0.8 | < 1.0 | ||
| ROE 10～13% |
Be cognizant of cost of capital and endeavor to efficiently deploy shareholders' equity |
|---|---|
| Net D/E ratio ≤ 1.0 | Achieve positive free cash flow and restrain growth in interest-bearing debt (but net D/E ratio may temporarily rise above 1.0 when we undertake large investments) |
| RA/RB < 1.0 | Maintain stable and sound financial condition by focusing on balance between equity and asset-specific risk exposures |
Mid-Term Business - Stairs of net income -
