![](https://wp-static.smartkarma.com/../assets/uploaded/2023/04/DailyBriefJapanTokyoStockExchangeTokyoPriceIndexTopixandmore-1.png)
In today’s briefing:
- ROE up Modestly, but ROE Plus DOE Is Expected to Reach a Record High This Fiscal Year
ROE up Modestly, but ROE Plus DOE Is Expected to Reach a Record High This Fiscal Year
- ROE has not risen at the pace expected, but dividends have begun to increase, and in FY2021 DOE rose to the 3% range for the first time.
- While ROE alone will not surpass the record high of FY2017, ROE plus DOE (ROE+DOE) is expected to slightly surpass the record high of FY2017 in FY2022.
- Even in FY2021, when DOE increased, Equity Ratio increased (and total assets also increased), so there is still room to increase shareholder returns, given that cash on hand increased.
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