Revenue, Profit and ROE Targets Under Innovation2017
First written in FY2017. 10 of 25 entries say "Restated". Latest entry: FY2026.
First-corporation moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To achieve the Group's near-term target of ¥50 billion in net sales and build a foundation for reaching ¥100 billion in net sales, the Company has identified the following business initiatives: (1) promote the build-to-order model and joint ventures, (2) expand building types, (3) strengthen safety and quality management, and (4) improve operational efficiency through the Construction Director Group. As growth investments, it has identified (i) investment in human capital, (ii) promoting the new 4Ks, and (iii) M&A.」
As key initiatives under First VISION 2031, the Company has specified, in addition to its existing initiatives, expanding building types, Construction Directors, investment in human capital, the new 4Ks, and M&A. - FY2026-H1ReframedAnnual report
「The Group announced that it had formulated the medium-term management plan First VISION 2031 for its 20th anniversary, with a policy of targeting net sales of ¥50 billion in fiscal year ending May 2028 under Phase 1 and ¥100 billion in fiscal year ending May 2031 under Phase 2 (announced 14 January 2026).」
As a new plan replacing the previous Innovation plans, the Company set phased targets of net sales of ¥50 billion for the fiscal year ending May 2028 and ¥100 billion for the fiscal year ending May 2031. - FY2025-H1RaisedAnnual report
「For the fiscal year ending May 2025, the first year of the plan, the Company revised its performance targets upward based on results for the current interim consolidated accounting period and its outlook for the remainder of the year.」
The Company revised upward the performance targets for the first year of Innovation2024. The revised target figures are not stated in the text. - FY2024ReframedAnnual report
「Through these initiatives, the Company has set consolidated performance targets for the first year of the plan, the fiscal year ending May 2025, of net sales of ¥34,500 million, ordinary profit of ¥2,170 million, a gross profit margin on completed construction contracts of 8.5%, and an operating margin of 6.5%. The consolidated targets for the final year of the plan, the fiscal year ending May 2027, are net sales of ¥40,000 million, ordinary profit of ¥2,800 million, a gross profit margin on completed construction contracts of 11.0%, and an operating margin of 7.4%, with the aim of maintaining growth.」
Under Innovation2024, the Company set new targets for net sales, ordinary profit, gross profit margin on completed construction contracts, and operating margin for the fiscal years ending May 2025 and May 2027. - FY2023ReframedAnnual report
「While carrying forward the basic policies and priority measures of the previous medium-term management plan, the group formulated the new medium-term management plan Innovation2023, with new numerical targets based on results for the fiscal year ended May 2023, recent market trends and the status of real estate transactions.」
Under Innovation2023, the Company set targets of net sales of ¥32.6 billion and ordinary profit of ¥1.82 billion for the fiscal year ending May 2024, and net sales of ¥37.2 billion, ordinary profit of ¥2.56 billion, and net income of ¥1.75 billion for the fiscal year ending May 2026. Key initiatives are strengthening the core business, redevelopment, expanding business domains, and securing and developing personnel and promoting work-style reform. - FY2023-Q1RestatedAnnual report
「The company formulated the new 3-year medium-term management plan Innovation2022, beginning in the fiscal year ending May 2023. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」
The company continues to pursue Innovation2022 as a 3-year plan beginning in the fiscal year ending May 2023. - FY2022ReframedAnnual report
「Through these initiatives, the Company has set targets for the fiscal year ending May 2023 of net sales of ¥28,000 million and ordinary profit of ¥2,000 million. Its medium-term quantitative management targets are a gross profit margin on completed construction contracts of at least 13%, an operating margin of at least 8%, ROE of at least 20%, and an equity ratio of at least 50%. The targets for the fiscal year ending May 2025, the final year of the medium-term management plan, are net sales of ¥31,000 million, ordinary profit of ¥2,400 million, and net income of ¥1,632 million, with the aim of maintaining growth.」
Under Innovation2022, the Company newly set performance targets for the fiscal years ending May 2023 and May 2025, as well as medium-term targets for the gross profit margin on completed construction contracts, operating margin, ROE, and equity ratio. - FY2022-Q3RestatedAnnual report
「The Company formulated the new three-year medium-term management plan Innovation2021 aimed at achieving annual sales of ¥50 billion and is working as a unified organization to achieve it.」
The Company continues to pursue Innovation2021 and the three-year plan aimed at achieving annual sales of ¥50 billion. - FY2022-Q2RestatedAnnual report
「The Company formulated the new three-year medium-term management plan Innovation2021 aimed at achieving annual sales of ¥50 billion and is working as a unified organization to achieve it.」
The Company continues to present Innovation2021 and the three-year plan aimed at achieving annual sales of ¥50 billion. - FY2022-Q1RestatedAnnual report
「As the Company enters its 11th year since founding, it has formulated the new three-year medium-term management plan Innovation2021 beginning with the fiscal year ending May 2022, aimed at achieving annual sales of ¥50 billion.」
The Company continues to present Innovation2021 and the three-year plan beginning with the fiscal year ending May 2022 aimed at achieving annual sales of ¥50 billion. - FY2021ReframedAnnual report
「Through these initiatives, the Company has set targets for the fiscal year ending May 2022 of net sales of ¥26,500 million and ordinary profit of ¥1,700 million. Its medium-term quantitative management targets are a gross profit margin on completed construction contracts of at least 13%, an operating margin of at least 8%, ROE of at least 20%, and an equity ratio of at least 50%. The targets for the fiscal year ending May 2024, the final year of the medium-term management plan, are net sales of ¥30,000 million, ordinary profit of ¥2,350 million, and net income of ¥1,595 million, with the aim of maintaining growth.」
The Company switched from Innovation2020's targets to Innovation2021's targets, including net sales of ¥26,500 million and ordinary profit of ¥1,700 million for the fiscal year ending May 2022, and net sales of ¥30,000 million, ordinary profit of ¥2,350 million, and net income of ¥1,595 million for the fiscal year ending May 2024. - FY2021-Q3RestatedAnnual report
「As the Company reaches the milestone of its 10th year since founding, it formulated the medium-term management plan Innovation2020, positioning the three years beginning with the fiscal year ending May 2021 as a period of advancement toward achieving annual sales of ¥50 billion, and is working as a unified organization to achieve the plan.」
Innovation2020 and the three-year plan beginning with the fiscal year ending May 2021 aimed at achieving annual sales of ¥50 billion continue to provide the framework for business operations. - FY2021-Q2RestatedAnnual report
「There were no material changes during the cumulative second quarter period to the management policies, management strategies or other matters established by the Company.」
The Company has indicated that its management policies and management strategy, including Innovation2020, will continue, with no material changes. - FY2021-Q1RestatedAnnual report
「As the Company reaches the milestone of its 10th year since founding, it has positioned the three years beginning with the fiscal year ending May 2021 as a period of advancement toward achieving annual sales of ¥50 billion and formulated the medium-term management plan Innovation2020.」
The Company switched from Innovation2019 to Innovation2020 and continues to pursue the three-year plan aimed at achieving annual sales of ¥50 billion. - FY2020ReframedAnnual report
「Through these initiatives, the Company has set targets for the fiscal year ending May 2021 of net sales of ¥21,100 million and ordinary profit of ¥1,420 million. Its medium-term quantitative management targets are a gross profit margin on completed construction contracts of at least 13%, an operating margin of at least 8%, ROE of at least 20%, and an equity ratio of at least 50%. The targets for the fiscal year ending May 2023, the final year of the medium-term management plan, are net sales of ¥26,000 million, ordinary profit of ¥2,200 million, and net income of ¥1,482 million, with the aim of maintaining growth.」
The Company switched from Innovation2019's performance targets to Innovation2020 targets for net sales and profit for the fiscal years ending May 2021 and May 2023, and set new quantitative targets. - FY2020-Q3RestatedAnnual report
「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」
The company indicates that its management policy and strategy, including Innovation2019, will continue, with no material changes. - FY2020-Q2Disclosed a declining-revenue and declining-profit plan and delayed land salesAnnual report
「For the current fiscal year, the Company expects lower revenue and lower profit due to the failure to meet the target for concluding contracts for business-use land in the previous fiscal year, a decrease in joint-venture projects, and a decline in construction in progress resulting from lower orders. In addition, because land negotiations are taking longer and delivery schedules have changed, the sale of business-use land planned for the cumulative second quarter is expected to be pushed back to the third quarter or later.」
While continuing the initiatives under Innovation2019, the Company has set a plan for lower revenue and lower profit for the current fiscal year and indicated that land sales will be delayed until the third quarter or later. - FY2020-Q1RestatedAnnual report
「There were no material changes to our management policies or management strategies during the first quarter cumulative period.」
The company indicates that its management policy and strategy, including Innovation2019, will continue, with no material changes. - FY2019ReframedAnnual report
「The Company formulated the three-year medium-term management plan Innovation2019, beginning with the fiscal year ending May 2020, with the aim of expanding its business and establishing a foundation for sustainable and stable operations. The plan centers on recovering the share of the build-to-order model through stable land acquisition, promoting apartments for active seniors as a peripheral business, expanding operations based at the Kyushu Branch, promoting the renovation business, participating in redevelopment projects, and pursuing projects involving high-rise buildings. Through these initiatives, the Company has set targets for the fiscal year ending May 2020 of net sales of ¥20,005 million and ordinary profit of ¥1,264 million. Its medium-term quantitative management targets are a gross profit margin on completed construction contracts of over 12%, an operating margin of over 7%, maintaining an equity ratio above 50%, a return on total assets of 15%, and ROE of 20%. The targets for the fiscal year ending May 2022, the final year of the medium-term management plan, are net sales of ¥24,784 million, ordinary profit of ¥1,710 million, and net income of ¥1,186 million, with the aim of maintaining growth.」
The Company moved from Innovation2017 and Innovation2018 to Innovation2019, specifying land acquisition, recovery of the build-to-order model's share, the Kyushu region, renovations, redevelopment, and high-rise buildings as initiatives. It also set performance targets for the fiscal years ending May 2020 and May 2022, as well as medium-term financial targets. - FY2018ReframedAnnual report
「For the fiscal year ended May 2018, net sales were ¥20,818 million (75.2% of plan), ordinary profit was ¥2,233 million (93.4% of plan), gross profit margin on completed construction contracts was 14.5%, operating margin was 10.8%, equity ratio was 37.3%, return on total assets was 17.5%, and ROE was 33.7%. The Company aims to increase sales by securing land on a stable basis and expanding its build-to-order model, while securing additional profits by continuing to generate income from joint ventures. The targets for the fiscal year ending May 2021, the final year of the medium-term management plan, are net sales of ¥31,280 million, ordinary profit of ¥3,366 million, and net income of ¥2,335 million.」
The Company disclosed actual results and performance against plan for the fiscal year ending May 2018 under Innovation2017, acknowledged that some targets were not met, and moved to new targets under Innovation2018 centered on securing land, expanding the build-to-order model, and generating income from joint ventures. - FY2018-Q3RestatedAnnual report
「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」
The company indicates that its management policies and strategy related to Innovation2017 will continue, with no material changes. - FY2017First statedAnnual report
「The Company set performance targets for the fiscal year ending May 2018 of revenue of ¥27,667 million, ordinary profit of ¥2,392 million, net profit of ¥1,653 million and maintaining ROE above 40%. The targets for the final fiscal year of the medium-term management plan, the fiscal year ending May 2020, are revenue of ¥34,911 million, ordinary profit of ¥3,167 million and net profit of ¥2,197 million.」
Innovation2017 established numerical targets for revenue, ordinary profit, net profit and ROE in the first year, as well as revenue and profit targets for the final year.