WARABEYA NICHIYO HOLDINGS Co., Ltd. (JP:2918) has released an update.
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Warabeya Nichiyo Holdings Co., Ltd. is focused on enhancing management practices with an awareness of cost of capital and stock price, pursuing sustainable growth through domestic and overseas expansion in Food Production and improved Group Business profitability. Despite achieving a ROE of 8.2% for the fiscal year ending February 2024, exceeding the assumed cost of shareholders’ equity, the company’s P/B ratio remained under 1. The firm targets an ROE of 10% or more by the end of the Medium-term Management Plan in February 2028, alongside improving shareholder and investor relations.
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