• Aisin Seiki average return on tangible equity for 2023 was 2.8, a 54.7% increase from 2022.
• Aisin Seiki average return on tangible equity for 2022 was 1.81, a 41.04% increase from 2021.
• Aisin Seiki average return on tangible equity for 2021 was 3.07, a 37.05% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.