Strengthening Business Competitiveness, Profitability and Management Efficiency
First written in FY2016. 2 of 32 entries say "Achieved", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2025: 18 of 109 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2026Update to the consolidated performance targets for fiscal 2026Annual report
「The group has set consolidated performance targets for fiscal 2026 of net sales of ¥25,345 million and operating profit of ¥634 million.」
The company has set consolidated performance targets for fiscal 2026 of net sales of ¥25,345 million and operating profit of ¥634 million. Actual results for the year were net sales of ¥24,619 million and operating profit of ¥944 million; operating profit exceeded the target, while net sales fell short of it. - FY2025Addition of FY2025 consolidated earnings targetsAnnual report
「Including 株式会社松下工商, which became a consolidated subsidiary effective 1 July 2025, the group has set consolidated performance targets for fiscal 2025 of net sales of ¥24,974 million and operating profit of ¥607 million.」
The company specifies consolidated performance targets for fiscal 2025, including 松下工商, of net sales of ¥24,974 million and operating profit of ¥607 million. - FY2025-H1Three-pronged framework for medium-term management plan initiatives specifiedAnnual report
「Against this backdrop, under the medium-term management plan beginning in fiscal 2024, the group is pursuing initiatives in each of the areas of “strengthening profitability,” “strengthening human capital,” and “promoting sustainability.”」
The company specifies three areas for initiatives under the medium-term management plan: profitability, human resources capabilities and sustainability. - FY2024ReframedAnnual report
「In the medium-term management plan beginning in fiscal 2024, the following metrics are established as management targets. Net sales (¥ million) Fiscal 2023 (actual, 53rd fiscal year) 20,521 Fiscal 2024 (plan, 54th fiscal year) 21,600 Fiscal 2025 (plan, 55th fiscal year) 22,200 Fiscal 2026 (plan, 56th fiscal year) 23,300 Operating profit (¥ million) 471 570 640 680 Return on equity (ROE) 4.3% ーーーーーーーー→ 8% or higher Dividend on equity (DOE) 2.6% 2.5% or higher ーーーーーーーーー→」
The company has reorganized its management targets, moving from the previous metrics centered on a 5% ordinary profit margin on net sales and a 40% equity ratio to targets based on net sales, operating profit, ROE and DOE under the medium-term management plan beginning in fiscal 2024. - FY2024-Q3Decline in equity ratio, remaining below new targetAnnual report
「Equity ratio (%) 30.1 28.1 32.1」
The equity ratio at the end of the third quarter was 28.1%, down from 29.4% at the end of the previous quarter and 32.1% at the end of the previous fiscal year, and below the 40% target raised in the FY2022 annual disclosure. - FY2024-Q2Decline in equity ratio, remaining below new targetAnnual report
「Equity ratio (%) 31.4 29.4 32.1」
The equity ratio at the end of the second quarter was 29.4%, below both the 32.1% at the end of the previous fiscal year and the 31.4% at the end of the second quarter of the previous fiscal year. It was also below the 40% target raised in the FY2022 annual disclosure. - FY2024-Q1Decline in equity ratio, remaining below new targetAnnual report
「Equity ratio (%) 31.8 29.6 32.1」
The equity ratio at the end of the first quarter was 29.6%, down from 32.1% at the end of the previous fiscal year and below the 40% target raised in the FY2022 annual filing. - FY2023Full-year results update, below new targetAnnual report
「・Ordinary profit margin on net sales ・・・・ 5% ・Equity ratio ・・・・・・ 40%」
The company continues to target an ordinary profit margin on net sales of 5% and an equity ratio of 40%. Among the key management metrics, the equity ratio for the fiscal year was 32.1%, below 40%. - FY2023-Q3Decline in equity ratio, remaining below new targetAnnual report
「Equity ratio (%) 31.8 30.1 33.2」
The equity ratio at the end of the third quarter was 30.1%, below both the 33.2% at the end of the previous fiscal year and the 40% target raised in the FY2022 annual filing. It also declined from 31.8% at the end of the third quarter of the previous fiscal year. - FY2023-Q2Modest decline in equity ratio, remaining below new targetAnnual report
「Equity ratio (%) 32.0 31.4 33.2」
The equity ratio at the end of the second quarter was 31.4%, down from 32.0% at the end of the second quarter of the previous fiscal year and 33.2% at the end of the previous fiscal year, and below the 40% target raised in the FY2022 annual filing. - FY2023-Q1Decline in equity ratio, below new targetAnnual report
「Equity ratio (%) 31.0 31.8 33.2」
The equity ratio at the end of the first quarter was 31.8%, down from 33.2% at the end of the previous fiscal year and below the 40% target raised in the FY2022 annual filing. - FY2022RaisedAnnual report
「・Ordinary profit margin on net sales ・・・・ 5% ・Equity ratio ・・・・・・ 40%」
The equity ratio target has been raised from the previous 30% to 40%. Elsewhere, however, the company states that it has not established specific management metrics. - FY2022-Q3Modest decline in equity ratio, with target still exceededAnnual report
「Equity ratio (%) 26.4 31.8 32.4」
The equity ratio at the end of the third quarter was 31.8%. Although it declined modestly from 32.0% at the end of the previous quarter, it remained above the 30% target. - FY2022-Q2RestatedAnnual report
「Equity ratio (%) 27.0 32.0 32.4」
The equity ratio at the end of the second quarter was 32.0%, maintaining its position above the 30% target. - FY2022-Q1AchievedAnnual report
「Equity ratio (%) 27.5 31.0 32.4」
The equity ratio at the end of the first quarter was 31.0%, exceeding the 30% target. It also increased from 27.5% at the end of the first quarter of the previous fiscal year. - FY2021-Q3Declining equity ratio and continued failure to meet targetAnnual report
「Equity ratio (%) 26.4 26.4 29.9」
The equity ratio at the end of the third quarter was 26.4%, below both the 29.9% at the end of the previous fiscal year and the previous target of 30%. It also declined from 27.0% at the end of the previous quarter. - FY2021-Q2Declining equity ratio and continued failure to meet targetAnnual report
「Equity ratio (%) 27.0 29.9」
The equity ratio at the end of the second quarter was 27.0%, below both the 29.9% at the end of the previous fiscal year and the 30% target. - FY2021-Q1Slight recovery in equity ratio, but target remains unmetAnnual report
「Equity ratio (%) 27.5」
The equity ratio was 27.5%, below both the 29.9% at the end of the previous fiscal year and the 30% target. It recovered modestly from 26.4% at the end of the previous quarter. - FY2020Management metrics below targetAnnual report
「With regard to management metrics, we have set a target ordinary profit margin on net sales of 5% as an indicator of profitability, with a view to establishing our business model while developing our business as a creator of living spaces. We have also set a target equity ratio of 30% as an indicator of capital strength. We will continue to work to strengthen the profitability of each business and further bolster our capital base.」
The company continues to target a 5% ordinary profit margin on net sales and a 30% equity ratio. Among the key metrics, the equity ratio was 29.9%, below target, while the ordinary profit margin on net sales, calculated from ordinary profit and net sales, was approximately 3.1%, also below the 5% target. - FY2020-Q3Equity ratio remains below target, with a modest recoveryAnnual report
「Equity ratio (%) 28.2 26.4 30.2」
The equity ratio at the end of the third quarter was 26.4%. Although it recovered modestly from 25.7% at the end of the previous quarter, it remains below the 30% target and the 30.2% at the end of the previous fiscal year. - FY2020-Q2Continued failure to meet and decline in the equity ratio targetAnnual report
「Equity ratio (%) 25.7 29.5 30.2」
The equity ratio at the end of the second quarter was 25.7%, below the target of 30%, the 29.5% at the end of the previous quarter and the 30.2% at the end of the previous fiscal year. - FY2020-Q1Continued failure to meet and decline in the equity ratio targetAnnual report
「Equity ratio (%) 29.6 27.3 30.2」
The equity ratio at the end of the first quarter was 27.3%, below both the 30.2% at the end of the previous fiscal year and the previous target of 30%. - FY2019AchievedAnnual report
「For the current period, we achieved both of these metrics simultaneously for the first time since listing.」
It states that the company achieved a 5% ordinary profit margin on net sales and a 30% equity ratio simultaneously for the first time since listing. The actual results were 5.3% and 30.2%, respectively. - FY2019-Q3Continued failure to meet and decline in the equity ratio targetAnnual report
「Equity ratio (%) 26.3 28.2 32.3」
The equity ratio at the end of the third quarter was 28.2%, below the 30% target and down from 32.3% at the end of the previous fiscal year and 29.5% at the end of the previous quarter. - FY2019-Q2Equity ratio target remains unmetAnnual report
「Equity ratio (%) 25.5 29.5 32.3」
The equity ratio at the end of the second quarter was 29.5%, down from 32.3% at the end of the previous fiscal year and still below the 30% target. - FY2019-Q1Quarterly decline in the equity ratioAnnual report
「Equity ratio (%) 25.7 29.6 32.3」
The equity ratio at the end of the first quarter was 29.6%, down from 32.3% at the end of the previous fiscal year and below the previous 30% target. - FY2018Failure to meet the profitability target alongside achievement of the capital targetAnnual report
「With respect to management indicators, we have set a 5% operating margin as a profitability target, with a view to establishing our business model while developing the business as a “creator of lifestyles.” We achieved this target two fiscal years ago but failed to do so in the previous fiscal year, so we will work to strengthen the profitability of each business in order to achieve it consistently going forward. We have also set an equity ratio of 30% as an indicator of capital strength. Having achieved this target in both the previous and the preceding fiscal years, we intend to further strengthen our capital base.」
In light of the failure to meet the 5% operating margin target in the previous fiscal year, the company aims to achieve it consistently by strengthening the profitability of each business, while stating its intention to further strengthen its capital base after achieving the 30% equity ratio target in the previous and preceding fiscal years. - FY2017Quantification of target management indicatorsAnnual report
「For profitability and capital strength, we have established the following target indicators: ・Operating margin・・・・5% ・Equity ratio・・・・・・30%」
In addition to the existing objectives of strengthening business competitiveness, profitability and management efficiency, the company explicitly set a 5% operating margin and a 30% equity ratio as target indicators. - FY2016First statedAnnual report
「Overall, while seeking to strengthen business competitiveness and profitability and improve management efficiency, we recognize thorough compliance as our top priority and will continue to advance the development of our internal control system.」
The company has set strengthening competitiveness, profitability and efficiency as its group-wide management objectives.