Komori
PS Construction (1871) · TargetAchieved

First Stage of Transformation under the Medium-Term Management Plan 2016

First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2019.

10entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2017-Q3RaisedFY2018-Q2 – FY2018RestatedFY2019-Q1 – FY2019-Q32016: 220162017: 420172018: 220182019: 22019
Same theme, other companies
Transition to a Stable-Earnings Business through the Medium-Term Management PlanA theme 5 companies write about · 0 as a headwind · 5 as a tailwind

0 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.
Full recordFilings, disclosures and news, newest first
  1. FY2019AchievedAnnual report

    「External conditions remained favorable during the plan period, and by developing our organizational structure and rigorously managing profitability, our group established a robust management base capable of generating stable profits. In the fiscal year under review (FY2018), the final year of the plan, we achieved record-high profit for the fifth consecutive period.」

    The company stated that the Medium-Term Management Plan 2016 had ended, that it had established a stable earnings base through organizational development and profitability management, and that it achieved record-high profit in the final year.
  2. FY2019-Q3RestatedAnnual report

    「Under the basic policies and strategies of the “Medium-Term Management Plan 2016,” we continued to pursue group-wide profit maximization in its third year through our two complementary businesses, civil engineering and building construction.」

    In the third year, the final year of the Medium-Term Management Plan 2016, the company continued to pursue earnings maximization through its two core businesses, civil engineering and construction, under the plan's basic policies and strategies.
  3. FY2019-Q1RestatedAnnual report

    「Against this backdrop, under the basic policies and strategies of the Medium-Term Management Plan 2016, we continued to pursue group-wide earnings maximization in the third year,」

    In the third year, the final year of the Medium-Term Management Plan 2016, the company continued to pursue earnings maximization based on the plan's basic policies and strategies.
  4. FY2018AdvancedAnnual report

    「In the second year, our group-wide initiatives significantly improved our earnings capacity, enabling us to deliver results above plan. In the final year, we will continue working steadily to implement the basic policies of the Medium-Term Management Plan 2016 (FY2016-FY2018) and achieve its management indicator targets.」

    The company explicitly stated that results exceeded plan in the second year of the Medium-Term Management Plan 2016 and indicated a policy of shifting from developing its organizational structure to promoting businesses in growth fields in the final year.
  5. FY2018-Q2RaisedAnnual report

    「For FY2018, the final year of Medium-Term Management Plan 2016 (FY2016–FY2018), the company initially set targets of orders received of ¥113 billion, revenue of ¥110 billion, operating profit of ¥2.9 billion, an operating margin of 2.6%, ordinary profit of ¥2.8 billion, an ordinary profit margin of 2.5%, ROE of 7.7%, ROA of 3.8%, a D/E ratio of 0.48x and a dividend payout ratio of 23.7%. However, as the management environment has remained stronger than initially expected and the company’s earnings power has improved substantially, FY2016 results and the FY2017 forecast were on track to meet the numerical targets of the medium-term management plan. After comprehensively considering cost increases, including concerns about rising material costs and costs associated with work-style reforms, the company revised the numerical targets for FY2018, the final year of the plan, as disclosed on 9 November 2017, to orders received of ¥114 billion, revenue of ¥113 billion, operating profit of ¥3.8 billion, an operating margin of 3.4%, ordinary profit of ¥3.7 billion, an ordinary profit margin of 3.3%, ROE of 9.8%, ROA of 4.7%, a D/E ratio of 0.42x and a dividend payout ratio of 26.7%.」

    For the final-year targets of Medium-Term Management Plan 2016, the company revised the figures for orders received, revenue, operating profit, profit margins, ROE, ROA, the D/E ratio and the dividend payout ratio, setting higher targets overall.
  6. FY2018-Q1RestatedAnnual report

    「Under the basic policies and strategies of Medium-Term Management Plan 2016 (FY2016–FY2018), including in the current fiscal year, its second year,」

    In the second year of Medium-Term Management Plan 2016, the company continues to conduct its business based on its basic policies and strategies.
  7. FY2017AdvancedAnnual report

    「In the first year, group-wide initiatives significantly improved earnings power and enabled the company to achieve results above plan. From the second year onward, we will continue working to steadily implement the basic policies of Medium-Term Management Plan 2016 (FY2016–FY2018) and achieve its management indicator targets.」

    The company explicitly states that it achieved results above plan in the first year of Medium-Term Management Plan 2016 and indicates its continued efforts to achieve the targets from the second year onward.
  8. FY2017-Q3RestatedAnnual report

    「Under the basic policies and strategies of Medium-Term Management Plan 2016, the company,」

    The company continues to base its business operations on Medium-Term Management Plan 2016.
  9. FY2017-Q1RestatedAnnual report

    「Under the basic policies and strategies of Medium-Term Management Plan 2016, against this management backdrop,」

    The company continues to base its business operations on Medium-Term Management Plan 2016.
  10. FY2016First statedAnnual report

    「“Further trust and new challenges: First Stage of Transformation 2016”」

    The company has detailed initiatives to realize its long-term vision over the three years from FY2016 through FY2018.
Moved together

"Targets for improving operating margin, ROE, ROA and the debt-to-equity ratio" moved the same way as this thread, in the same document, in 4 of its 10 moves.

433322★123456
  1. ★This thread
  2. 1Targets for improving operating margin, ROE, ROA and the debt-to-equity ratio4×
  3. 2Securing Stable Earnings from PC New Bridge Construction and General Building Construction3×
  4. 3Improving employee benefits and securing and developing personnel to support business strategy3×
  5. 4Use of retained earnings for new construction methods and technologies, plant reconstruction, and information-related investments3×
  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.

When this could move next
No upcoming earnings preview for PS Construction yet.
News
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