Mid-Term Business Plan

Mid-Term Business Plan: Quantitative Targets

(Billion yen)

  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 -

(Billion yen)
Mid-Term Business - Stairs of net income -