UT Group’s business objective is to continuously improve our enterprise value by ensuring a stable financial base and achieving high growth driven by active business development. In our Medium-Term Business Plan, we have committed to a DE ratio of 1.0 or less (to be achieved by FY 3/2021) and an EBITDA growth rate of at least 30% (average growth rate over the 5 years of Medium-Term Business Plan).
We also view returning profits to our shareholders as a key management issue. Through share buybacks that help to improve dividends and capital efficiency, we will deliver optimal shareholder returns based on the overall share price level, business environment, and other factors, with a total return ratio of 30% as our baseline target.
*PER = stock price ÷ annual forecast – profit per share
*PEG ratio = PER ÷ annual EPS growth rate