Toray’s ROE target is higher than the ROE target set by Chori. Even though Chori is a consolidated subsidiary of Toray, the fact that it has a lower ROE target means that there has been no discussion regarding the growth strategy of the Toray Group as a whole. Update (June 5, 2020): Toray revised its ROE target to 9% whilst Chori revised its ROE target to more than 11% following the announcement of their respective FY19 results.

　Improving Chori’s ROE will lead not only to Chori, but also to Toray’s shareholder value.
So, we propose the following three measures to Chori as a way to improve ROE.

(Source: Strategic Capital)

　In addition, we propose the following three measures for Toray.

(Source: Strategic Capital)