Improving Profitability and Efficiency with a Focus on Operating Profit Margin
First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2026.
Hokuryo moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
14 other companies' latest entry also says "Other".
- FY2026Track record of improving gross marginAnnual report
「Gross margin improved by 12.3 percentage points year on year to 31.9%.」
While continuing to focus on production, manufacturing and sales indicators rather than setting gross margin itself as a management target, the Company's gross margin improved to 31.9% in the current period. - FY2025RestatedAnnual report
「The management indicators that the Company considers important, including its market share in Hokkaido, sales volume by weight, feed conversion ratio at farms and operating rate in the manufacturing division, were broadly in line with plan.」
The Company has continued its policy of focusing on on-site indicators such as its market share in Hokkaido, sales volume by weight, feed conversion ratio and operating rate in the manufacturing division, without setting numerical targets for gross margin and similar measures. - FY2022RestatedAnnual report
「The management indicators that the Company considers important, including its market share in Hokkaido, sales volume by weight, feed conversion ratio at farms and operating rate in the manufacturing division, were broadly in line with plan. We therefore believe that the underlying strength supporting the Company's earnings structure has been maintained.」
The Company has continued to focus on on-site indicators such as its market share in Hokkaido, sales volume by weight, feed conversion ratio and operating rate in the manufacturing division, without setting numerical targets for gross margin and similar measures. - FY2021RestatedAnnual report
「The management indicators that the Group considers important, including its market share in Hokkaido, sales volume by weight, feed conversion ratio at farms and operating rate in the manufacturing division, were broadly in line with plan. We therefore believe that the underlying strength supporting the Company's earnings structure has been maintained.」
The Company has continued to manage its business with a focus on indicators such as its market share in Hokkaido, sales volume by weight, feed conversion ratio and operating rate in the manufacturing division, without setting numerical targets for gross margin and similar measures. - FY2020ReframedAnnual report
「Because setting indicators such as gross margin as targets in plans or management objectives could instead create a risk of losing sight of the essence of management, we have not set targets for these indicators in our business plans. Instead, to assess progress toward business performance targets for each business, we place importance on production, manufacturing and sales indicators such as laying rate, average egg weight, feed conversion ratio (an indicator of the amount of feed required to produce eggs), output per person-hour for manufacturing work such as packing, and market spread (the difference between the selling price and the market price of eggs).」
The explanation of target management has been made more specific, shifting from setting numerical targets for gross margin and similar indicators to emphasizing on-site production, manufacturing and sales indicators such as laying rate, average egg weight, feed conversion ratio, output and market spread. - FY2019ReframedAnnual report
「Although the Group has not established specific objective indicators for assessing progress toward management targets, it operates its businesses with a focus on gross margin, production results in the production divisions that reduce costs, and market spreads in sales activities that raise selling prices and gross profit.」
The focus has shifted from the previous year's emphasis on operating margin to an approach that does not establish specific objective targets and instead focuses on gross margin, production results and selling prices. - FY2018First statedAnnual report
「As a management indicator targeted by the Group, we place importance on operating margin, which indicates the Company's underlying strength, earnings power and management efficiency. To further improve this key indicator, we will focus on improving production and manufacturing efficiency.」
The Company has stated for the first time that it places importance on operating margin as a management indicator and aims to improve it by improving production and manufacturing efficiency. No numerical target or deadline has been provided.