Improving Corporate Fundamentals Through a Profit Focus and Achieving Sustainable Growth
First written in FY2016. 24 of 31 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 7 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In fiscal 2023 and fiscal 2024, profitability deteriorated and the performance targets were not achieved because of the impact of rising construction material prices and labor costs, as well as additional costs incurred to ensure quality. Based on these results, the Company revised the plan to reflect changes in the internal and external environment while maintaining the basic policies of the original plan, and established the following financial targets. Fiscal 2027 financial targets (consolidated): net sales of ¥160 billion, operating profit of ¥6.7 billion and ROE of approximately 7.0%.」
The fiscal 2023–2027 plan was revised to reflect changes in the operating environment. The original fiscal 2027 targets of net sales of ¥150 billion, operating profit of ¥9 billion and ROE of at least 8.0% were changed to net sales of ¥160 billion, operating profit of ¥6.7 billion and ROE of approximately 7.0%. The basic policies of strengthening human capital management and transforming the business structure were retained. - FY2026-H1RestatedAnnual report
「There were no material changes during the interim consolidated accounting period to the Group's management policies, management strategies or other matters.」
The filing explicitly states that there were no material changes to the management policies, management strategies or related matters. - FY2024ReframedAnnual report
「Under the medium-term management plan for fiscal 2023–2027, the Company has established the following financial targets. The plan prioritizes profits and does not pursue expansion in business scale. Fiscal 2027 financial targets (consolidated): net sales of ¥150 billion, operating profit of ¥9 billion and ROE of at least 8.0%.」
The Company moved from the previous medium-term management plan to the fiscal 2023–2027 plan, explicitly stating that it would prioritize profits rather than pursue expansion in business scale. The fiscal 2027 targets are net sales of ¥150 billion, operating profit of ¥9 billion and ROE of at least 8.0%, with strengthening human capital management and transforming the business structure as basic policies. - FY2024-Q3RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative third quarter of the current consolidated fiscal year.」
The filing explicitly states that there were no material changes to the management policies, management strategies or related matters. - FY2024-Q2RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative second quarter of the current consolidated fiscal year.」
The filing explicitly states that there were no material changes to the management policies, management strategies or related matters. - FY2024-Q1RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative first quarter of the current consolidated fiscal year.」
The filing explicitly states that there were no material changes to the management policies, management strategies or related matters. - FY2022-Q3RestatedAnnual report
「Under the medium-term management plan beginning in fiscal 2020, the Group positions the plan as the creation of the business and earnings foundation needed to become a 100-year company and adopts “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as its basic business strategies.」
The fiscal 2020 medium-term management plan and the policy of making existing businesses, new businesses and PPP the basic strategies are reiterated. - FY2022-Q2RestatedAnnual report
「Under the medium-term management plan beginning in fiscal 2020, the Group positions the plan as the creation of the business and earnings foundation needed to become a 100-year company and adopts “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as its basic business strategies.」
The fiscal 2020 medium-term management plan and the policy of making existing businesses, new businesses and PPP the basic strategies are reiterated without material change. - FY2022-Q1RestatedAnnual report
「Under the medium-term management plan beginning in fiscal 2020, the Group positions the plan as the creation of the business and earnings foundation needed to become a 100-year company and adopts “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as its basic business strategies.」
The fiscal 2020 medium-term management plan, the creation of a foundation for becoming a 100-year company, and the three strategies of existing businesses, new businesses and PPP are reiterated without material change. - FY2021AdvancedAnnual report
「The medium-term management plan targets business scale of ¥200 billion, an operating margin of at least 6.0% and ROE of at least 10.0% by fiscal 2022. In the current consolidated fiscal year, net sales were ¥161,697 million, 1.1% above plan, the operating margin was 5.6%, 0.0 percentage points below plan, and ROE was 9.1%, down 1.5 percentage points year on year. Across the Group, we will work to achieve the targets of the fiscal 2020–2022 medium-term management plan by strengthening equity capital, maintaining stable dividends and making effective use of cash on hand.」
The targets of the fiscal 2020–2022 plan were maintained. Fiscal 2020 results were orders of ¥164,447 million, net sales of ¥161,697 million, an operating margin of 5.6% and ROE of 9.1%. Orders and net sales exceeded plan, while the operating margin was below the 6.0% target and ROE was below the 10.0% target. - FY2021-Q3RestatedAnnual report
「Under the medium-term management plan “2020–2022,” beginning in fiscal 2020, the Group positioned the plan as the creation of the business and earnings foundation needed to become a 100-year company and adopted “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as its basic business strategies.」
The policy of making existing businesses, new businesses and PPP the basic strategies under the fiscal 2020–2022 medium-term management plan is reiterated, with no material change. - FY2021-Q2RestatedAnnual report
「Under the medium-term management plan “2020–2022,” beginning in fiscal 2020, the Group positioned the plan as the creation of the business and earnings foundation needed to become a 100-year company and adopted “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as its basic business strategies.」
The policy of making existing businesses, new businesses and PPP the basic strategies under the fiscal 2020–2022 medium-term management plan is reiterated without material change. - FY2021-Q1RestatedAnnual report
「Under the medium-term management plan beginning in fiscal 2020, the Group positioned the plan as the creation of the business and earnings foundation needed to become a 100-year company and adopted “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as its basic business strategies.」
The three basic strategies of the medium-term management plan beginning in fiscal 2020 are reiterated, with no material change in management policy. - FY2020ReframedAnnual report
「Under the medium-term management plan beginning in fiscal 2020, we will pursue the creation of the business and earnings foundation needed to become a 100-year company, with “focus on existing businesses,” “entry into new businesses” and “initiatives in PPP businesses” as our basic business strategies.」
The Group moved from the fiscal 2017–2019 plan to the fiscal 2020–2022 plan, reorganizing its basic strategies around existing businesses, new businesses and PPP as the foundation for becoming a 100-year company. The financial targets were orders and net sales of at least ¥200 billion, ROE of at least 10% and an operating margin of at least 6%. - FY2020-Q3RestatedAnnual report
「Based on the medium-term management plan beginning in fiscal 2017, the Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term vision, improvement of earnings power and corporate value based on technical capabilities, technology development, securing human resources and establishing a stable earnings structure under the medium-term management plan beginning in fiscal 2017 continue to be stated. - FY2020-Q2RestatedAnnual report
「Based on the medium-term management plan beginning in fiscal 2017, the Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term vision, improvement of earnings power and corporate value based on technical capabilities, technology development, securing human resources and establishing a stable earnings structure under the medium-term management plan beginning in fiscal 2017 are reiterated without material change. - FY2020-Q1RestatedAnnual report
「Based on the medium-term management plan beginning in fiscal 2017, the Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term vision, improvement of earnings power and corporate value based on technical capabilities, technology development, securing human resources and establishing a stable earnings structure continue to be stated. - FY2019AdvancedAnnual report
「The medium-term management plan targets an ROE of at least 10.0%. ROE for the current consolidated fiscal year was 10.4%, up 0.4 percentage points from the previous year’s plan. Across the Group, we will continue working to achieve this target by strengthening equity capital, maintaining stable dividends and making effective use of cash on hand.」
The targets for the final year of the fiscal 2017–2019 medium-term management plan were orders and net sales of at least ¥150 billion, an equity ratio of at least 45%, ROE of at least 10% and an operating margin of at least 5%. In fiscal 2018, ROE was 10.4% and the operating margin was 6.1%, both above plan, while the equity ratio was 41.5%, below the 45% target. - FY2019-Q3RestatedAnnual report
「Based on the medium-term management plan beginning in fiscal 2017, the Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term vision, improvement of earnings power and corporate value based on technical capabilities, technology development, securing human resources and establishing a stable earnings structure under the medium-term management plan beginning in fiscal 2017 are reiterated without material change. - FY2019-Q2RestatedAnnual report
「Based on the medium-term management plan beginning in fiscal 2017, the Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term vision, technology development, securing human resources and establishing a stable earnings structure under the medium-term management plan beginning in fiscal 2017 are reiterated without material change. - FY2019-Q1RestatedAnnual report
「Based on the medium-term management plan beginning in fiscal 2017, the Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The Group continues to set out its medium- to long-term vision of improving earnings power and corporate value based on technical capabilities, securing human resources and establishing a stable earnings structure. - FY2018-Q3RestatedAnnual report
「The Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The Group continues to set out its medium- to long-term vision, including technology development, securing human resources and establishing a stable earnings structure. - FY2018-Q2RestatedAnnual report
「The Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term vision of improving earnings power and corporate value based on technical capabilities, enhancing proprietary technologies, securing human resources and establishing a stable earnings structure is reiterated without material change. - FY2018-Q1RestatedAnnual report
「The Group’s medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The medium- to long-term management vision, enhancement and development of proprietary technologies, securing human resources and establishing a stable earnings structure are reiterated without material change. - FY2017ReframedAnnual report
「Against this backdrop, our medium- to long-term management vision is to “enhance corporate value and become an attractive company for all stakeholders by making technical capabilities the foundation of sustainable development, strengthening earnings power underpinned by those capabilities, and enhancing our capital policy, in accordance with the founding spirit.” We will advance the enhancement of our proprietary technologies and the development of effective technologies, while securing the human resources essential to sustainable growth and working to establish a stable earnings structure.」
The previous pillars of improving the corporate structure, prioritizing profitability and achieving sustainable growth have been reorganized into a medium- to long-term management vision encompassing technical capabilities, capital policy, corporate value, stakeholders, human resources and a stable earnings structure. - FY2017-Q3RestatedAnnual report
「In light of these circumstances, the Group will continue to pursue the specific initiatives described below in order to achieve its objective of becoming a company that continuously generates profits. This objective is based on the management policy of “ensuring sustainable growth by improving our corporate structure and maintaining a thorough focus on profitability.” The Group will not pursue expansion beyond what is necessary, while securing a level of business commensurate with its available management resources.」
Improving the corporate structure, prioritizing profitability, achieving sustainable growth and securing a level of business commensurate with management resources, without pursuing excessive expansion, remain the core management priorities. - FY2017-Q2RestatedAnnual report
「In light of these circumstances, the Group will continue to pursue the specific initiatives described below in order to achieve its objective of becoming a company that continuously generates profits. This objective is based on the management policy of “ensuring sustainable growth by improving our corporate structure and maintaining a thorough focus on profitability.” The Group will not pursue expansion beyond what is necessary, while securing a level of business commensurate with its available management resources.」
Improving the corporate structure, prioritizing profitability, achieving sustainable growth and not pursuing excessive expansion in scale remain the core management priorities. - FY2017-Q1RestatedAnnual report
「In light of these circumstances, the Group will continue to pursue the specific initiatives described below in order to achieve its objective of becoming a company that continuously generates profits. This objective is based on the management policy of “ensuring sustainable growth by improving our corporate structure and maintaining a thorough focus on profitability.” The Group will not pursue expansion beyond what is necessary, while securing a level of business commensurate with its available management resources.」
The Group continues to emphasize profitability and sustainable growth, while securing a level of business commensurate with its management resources rather than pursuing excessive expansion in scale. - FY2016First statedAnnual report
「The Group’s management policy is built around the objective of “ensuring sustainable growth by improving our corporate structure and maintaining a thorough focus on profitability.” Rather than pursuing expansion beyond what is necessary, we will secure a level of business commensurate with our available management resources, proactively enter projects where we can leverage the Group’s technical capabilities, and establish a structure that continuously generates profits.」
The core management priorities are improving the corporate structure, prioritizing profitability and achieving sustainable growth. The policy identifies selecting business volumes and projects consistent with management resources and technical capabilities, rather than pursuing expansion in scale, as the means of achieving these objectives.