Review of Numerical Targets in the Group Medium-Term Management Plan 2021–2023
First written in FY2023. . Latest entry: FY2024.
The whole theme swung hardest in 2021: 17 of 76 companies on the "Worse" side.
19 other companies' latest entry also says "Other".
- FY2024Assessment of the plan period and acknowledgment of profit shortfallAnnual report
「During the period of the Medium-Term Management Plan 2021–2023 formulated in fiscal 2020, the company was unable to generate sufficient profit because its responses to rising prices and other challenges, including intensifying competition for orders, were inadequate.」
The company concluded that it was unable to generate sufficient profit under the Medium-Term Management Plan 2021–2023 because its responses to rising prices and competition for orders were inadequate. - FY2023First statedAnnual report
「In May 2021, the company formulated the “Group Medium-Term Management Plan 2021–2023: Challenge to Transformation Driven by DX (Digital Transformation).” The plan covers fiscal 2021 through fiscal 2023, a 3-year period. Final year of the medium-term management plan (fiscal 2023): consolidated net sales ¥173 billion (¥189 billion), consolidated operating profit ¥1.6 billion (¥8.6 billion)」
The company disclosed its new medium-term management plan for fiscal 2021–2023 and its policy of pursuing initiatives driven by DX. In light of delays in contracting projects expected to be ordered in fiscal 2022, delays in the progress of large projects on hand and rising construction costs, it revised the final-year targets from consolidated net sales of ¥189 billion to ¥173 billion and consolidated operating profit of ¥8.6 billion to ¥1.6 billion.