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PS Construction (1871) · TargetAchieved

Targets for improving operating margin, ROE, ROA and the debt-to-equity ratio

First written in FY2016. 2 of 5 entries say "Advanced", first in FY2017. Latest entry: FY2019.

5entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016AdvancedFY2017 – FY20192016: 120162017: 220172018: 120182019: 12019
Same theme, other companies
Improving Profitability and Capital Efficiency through Operating Profit Margin, ROA, and ROEA theme 47 companies write about · 1 as a headwind · 47 as a tailwind

The whole theme swung hardest in 2019: 6 of 35 companies on the "Worse" side.

2 other companies' latest entry also says "Achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 47 companies compared. The sentences above are computed from all 47.
Full recordFilings, disclosures and news, newest first
  1. FY2019AchievedAnnual report

    「FY2018 Numerical targets Operating income ¥3,800 million, operating margin 3.4%, ROE 9.8%, ROA 4.7%, D/E ratio 0.42 / FY2018 Actual Operating income ¥8,747 million, operating margin 7.9%, ROE 24.8%, ROA 10.1%, D/E ratio 0.31」

    Actual operating income, operating margin, ROE, ROA and the D/E ratio in the final year of the Medium-Term Management Plan 2016 all exceeded their targets.
  2. FY2018AdvancedAnnual report

    「Operating income (¥ million) 2,650 5,440 +2,790 / Operating margin (%) 2.5 4.7 +2.2% / ROE (%) 7.4 14.5 +7.1% / ROA (%) 3.5 6.7 +3.2% / D/E ratio (x) 0.51 0.49 △0.02」

    For FY2017, the operating margin, ROE and ROA exceeded plan, while the D/E ratio was below plan.
  3. FY2018-Q2RaisedAnnual report

    「The FY2018 numerical targets were set at orders received of ¥114.0 billion, net sales of ¥113.0 billion, operating income of ¥3.8 billion, an operating margin of 3.4%, ordinary income of ¥3.7 billion, an ordinary income margin of 3.3%, ROE of 9.8%, ROA of 4.7%, a D/E ratio of 0.42x and a payout ratio of 26.7%.」

    Compared with the previous FY2018 targets, the operating margin target was raised from 2.6% to 3.4%, the ROE target from 7.7% to 9.8%, and the ROA target from 3.8% to 4.7%; the D/E ratio target was also changed to 0.42x.
  4. FY2017AdvancedAnnual report

    「FY2016 Numerical targets Operating income (¥ million) 2,220 Operating margin (%) 2.2 ROE (%) 6.5 ROA (%) 3.0 D/E ratio (x) 0.52 / FY2016 Actual Operating income (¥ million) 3,687 Operating margin (%) 3.8 ROE (%) 11.2 ROA (%) 4.7 D/E ratio (x) 0.49」

    Actual operating income, operating margin, ROE, ROA and the D/E ratio for the first year were all above plan or showed improvement. The payout ratio was 21.3%, against the target average of at least 23%.
  5. FY2016First statedAnnual report

    「Achieve a consolidated operating margin of at least 2.6%. ② To strengthen our financial position and improve capital efficiency in order to maintain a sound management base, we aim for ROE (return on equity) of at least 7.7%, ROA (return on assets) of at least 3.8%, and a D/E ratio (interest-bearing debt ÷ shareholders' equity) of no more than 0.5x.」

    Targets were set for profitability, capital efficiency and financial leverage, primarily for FY2018.
Moved together

"First Stage of Transformation under the Medium-Term Management Plan 2016" moved the same way as this thread, in the same document, in 4 of its 5 moves.

433322★123456
  1. ★This thread
  2. 1First Stage of Transformation under the Medium-Term Management Plan 20164×
  3. 2Securing Stable Earnings from PC New Bridge Construction and General Building Construction3×
  4. 3Securing and developing talent to support improved compensation and benefits and business strategy3×
  5. 4Use of retained earnings for new production methods and technologies, plant restructuring and information-related investment3×
  6. 5Average payout ratio of at least 23% during the medium-term management plan period2×
  7. 6Focus on Large-Scale Upgrades, Maintenance and PC Construction2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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News
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Targets for improving operating margin, ROE, ROA and the debt-to-equity ratio | PS Construction Co.,Ltd. (1871) | Komori