Performance Targets under Medium-Term Management Plan 2018
First written in FY2016. 9 of 15 entries say "Advanced", first in FY2017. Latest entry: FY2022.
Sumitomo Forestry moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
18 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「The Group launched the three-year medium-term management plan Mission TREEING 2030 Phase 1, for which the current fiscal year was the first year. By the end of the fiscal year ending December 2024, the final year of the plan, it aims to achieve net sales of ¥1.77 trillion, ordinary income of ¥173 billion, excluding actuarial differences related to accounting for retirement benefits, net income attributable to owners of the parent of ¥116 billion, and ROE of at least 15%.」
The Company shifted from its previous medium-term management plan to Mission TREEING 2030 Phase 1 and set new financial targets through the fiscal year ending December 2024. - FY2023-Q2AdvancedAnnual report
「Net sales (¥ million) 968,073 1,206,293 1,385,930 Ordinary income (¥ million) 88,215 141,870 137,751」
The Company disclosed results for the 82nd fiscal year, covering 1 January 2021 to 31 December 2021, of net sales of ¥1,385.930 billion and ordinary income of ¥137.751 billion. These exceeded the Medium-Term Management Plan 2021 targets of ¥1.26 trillion in net sales and ¥85 billion in ordinary income, although ROE was not included among the key metrics in this filing. - FY2022-Q2AdvancedAnnual report
「For the first nine months, the Group reported net sales of ¥968.073 billion, up 15.3% from the previous consolidated fiscal year, operating income of ¥69.718 billion, up 46.9%, ordinary income of ¥88.436 billion, up 72.4%, and quarterly net income attributable to owners of the parent of ¥53.701 billion, up 76.7%.」
The Company disclosed first-nine-month results toward the target year of Medium-Term Management Plan 2021. Net sales were ¥968.073 billion and ordinary income was ¥88.436 billion, exceeding the plan's ordinary-income target of ¥85 billion. - FY2022-Q1AdvancedAnnual report
「For the first six months, the Group reported net sales of ¥632.875 billion, up 20.3% year on year, operating income of ¥48.348 billion, up 80.0%, ordinary income of ¥51.848 billion, up 80.5%, and quarterly net income attributable to owners of the parent of ¥29.192 billion, up 79.5%.」
The Company disclosed first-half performance related to Medium-Term Management Plan 2021, including net sales, ordinary income, and quarterly net income attributable to owners of the parent. - FY2021-Q4AdvancedAnnual report
「For the first quarter, the Group reported net sales of ¥289.055 billion, up 17.7% year on year, operating income of ¥18.877 billion, up 103.5%, ordinary income of ¥20.767 billion, up 101.1%, and quarterly net income attributable to owners of the parent of ¥12.952 billion, up 126.2%.」
For the first quarter toward the target year of Medium-Term Management Plan 2021, the Company reported year-on-year increases in net sales, operating income, ordinary income, and quarterly net income attributable to owners of the parent. No change to or achievement of the plan's targets was stated. - FY2020RaisedAnnual report
「Against this business backdrop, the Group launched the three-year Medium-Term Management Plan 2021, for which the current fiscal year was the first year. By the end of the 82nd fiscal year, the final year of the plan, it aims to achieve net sales of ¥1.26 trillion, ordinary income of ¥85 billion, excluding actuarial differences related to accounting for retirement benefits, and ROE of at least 10%. The plan sets out four basic themes: advancing forward-looking business strategies for further growth, strengthening the management platform for sustainable growth, accelerating R&D and technological innovation that harness wood, and further integrating business and ESG initiatives.」
The Company moved from Medium-Term Management Plan 2018 to Medium-Term Management Plan 2021, raising the final-year targets for net sales to ¥1.26 trillion and ordinary income to ¥85 billion while maintaining the ROE target of at least 10%. - FY2019Final-year results mixed against targetsAnnual report
「To achieve the Sumitomo Forestry Group Medium-Term Management Plan 2018, for which the current fiscal year was the final year, the Group worked to improve profitability in its core detached custom-built housing and timber and building materials businesses. It also actively allocated management resources to expanding its overseas business scope and continued to diversify its earnings sources by focusing on resource and environmental businesses, including wood biomass power generation. As a result, net sales were ¥1,308.893 billion, up 7.1% year on year, operating income was ¥49.247 billion, down 7.1%, ordinary income was ¥51.436 billion, down 11.1%, and net income attributable to owners of the parent was ¥29.160 billion, down 3.2%. ROE was 9.3%, down from 10.3% in the previous fiscal year, and the Company continued to set a target of maintaining ROE at 10% or higher.」
The Company disclosed final-year results for Medium-Term Management Plan 2018. Net sales exceeded the original target of ¥1.17 trillion, while ordinary income of ¥51.436 billion was below the ¥55 billion target and ROE of 9.3% was below the target of at least 10%. - FY2019-Q3AdvancedAnnual report
「For the first nine months, the Group reported net sales of ¥906.981 billion, up 5.9% year on year, operating income of ¥24.130 billion, up 2.4%, ordinary income of ¥26.463 billion, down 4.1%, and quarterly net income attributable to owners of the parent of ¥15.576 billion, up 10.4%.」
The Company disclosed first-nine-month results ahead of the target year of Medium-Term Management Plan 2018. Net sales, operating income, ordinary income, and quarterly net income attributable to owners of the parent were reported, with net sales and operating income above the same period of the previous year, while ordinary income declined. No achievement or change to the plan's targets was stated. - FY2019-Q2AdvancedAnnual report
「For the first six months, the Group reported net sales of ¥592.851 billion, up 5.5% year on year, operating income of ¥17.305 billion, up 11.6%, ordinary income of ¥18.729 billion, up 2.4%, and quarterly net income attributable to owners of the parent of ¥10.635 billion, up 6.1%.」
The Company disclosed first-half results ahead of the target year of Medium-Term Management Plan 2018, including net sales of ¥592.851 billion and ordinary income of ¥18.729 billion. Net sales, operating income, ordinary income, and quarterly net income attributable to owners of the parent all increased year on year, but the annual targets were not stated as achieved. - FY2019-Q1Higher sales, but loss continued in the first quarterAnnual report
「For the first quarter, the Group reported net sales of ¥249.274 billion, up 9.0% year on year, an operating loss of ¥3.871 billion, compared with an operating loss of ¥5.815 billion in the same quarter of the previous year, an ordinary loss of ¥2.708 billion, compared with an ordinary loss of ¥4.318 billion, and a quarterly net loss attributable to owners of the parent of ¥3.518 billion, compared with quarterly net income attributable to owners of the parent of ¥2.357 billion.」
As its first-quarter performance toward the target year of Medium-Term Management Plan 2018, the Company reported higher net sales than in the same period of the previous year, while recording an ordinary loss and a quarterly net loss attributable to owners of the parent. - FY2018AdvancedAnnual report
「To achieve the Sumitomo Forestry Group Medium-Term Management Plan 2018, for which the current fiscal year was the second year, the Group worked to improve profitability in its core detached custom-built housing and timber and building materials businesses. It also actively allocated management resources to expanding the scale and scope of its overseas operations and continued to diversify its earnings sources by focusing on resource and environmental businesses, including wood biomass power generation. As a result, net sales were ¥1,221.998 billion, up 9.8% year on year, and ordinary income was ¥57.865 billion, unchanged year on year. ROE was 10.3%, down from 13.3% in the previous fiscal year, but exceeded the target of at least 10%.」
With the target year of Medium-Term Management Plan 2018 approaching, the Company disclosed net sales of ¥1,221.998 billion, ordinary income of ¥57.865 billion, and ROE of 10.3%. Net sales, ordinary income, and ROE were above the target levels, but the target year had not yet arrived. - FY2018-Q3AdvancedAnnual report
「For the first nine months of the fiscal year, the Group reported net sales of ¥856.526 billion, up 11.0% year on year, operating income of ¥23.565 billion, up 3.6%, ordinary income of ¥27.586 billion, up 6.0%, and net income attributable to owners of the parent of ¥14.106 billion, down 8.9%.」
The Company newly disclosed performance for the first nine months toward the target year of the medium-term management plan. It provided numerical progress for net sales and ordinary income but did not state that the plan's targets had been changed or achieved. - FY2017AdvancedAnnual report
「Under this medium-term management plan, we set targets of ¥1.17 trillion in net sales, ¥55 billion in ordinary income, excluding actuarial differences related to accounting for retirement benefits, and an ROE of at least 10% by the end of the 79th fiscal year.」
While maintaining the medium-term targets for the end of the 79th fiscal year, the Company disclosed first-year results of net sales of ¥1,113.364 billion, ordinary income of ¥57.841 billion, and ROE of 13.3%. - FY2017-Q1RestatedAnnual report
「Under this medium-term management plan, we will pursue our business strategies with the aim of achieving net sales of ¥1.17 trillion, ordinary income of ¥55 billion, excluding actuarial differences related to accounting for retirement benefits, and ROE of at least 10% in the fiscal year ending March 2019, the target year.」
The Company continued to state the Medium-Term Management Plan 2018 targets for net sales, ordinary income, and ROE in its quarterly report. - FY2016First statedAnnual report
「The Company formulated the Sumitomo Forestry Group Medium-Term Management Plan 2018 and set targets of ¥1.17 trillion in net sales, ¥55 billion in ordinary income, excluding actuarial differences related to accounting for retirement benefits, and an ROE of at least 10% by the end of the fiscal year ending March 2019, three years later.」
The Company first specified numerical targets for net sales, ordinary income, and ROE, with the fiscal year ending March 2019 as the deadline.