Komori
Morinaga & (2201) · TargetDropped

Building a Highly Profitable, Stable Company

First written in FY2016. 14 of 20 entries say "Restated". Latest entry: FY2022.

20entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q3RestatedFY2019-Q1 – FY2020-Q3RestatedFY2021-Q1 – FY20222016: 320162017: 420172018: 420182019: 320192020: 420202021: 120212022: 12022
Same theme, other companies
Building Development-Led, Highly Profitable, Stable CompaniesA theme 10 companies write about · 0 as a headwind · 10 as a tailwind

0 other companies' latest entry also says "Dropped".

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. FY2022DroppedAnnual report

    「Under its corporate philosophy, the Group is pursuing the “2030 Management Plan” toward 2030 to contribute to the realization of a sustainable society, achieve medium- to long-term growth and enhance corporate value.」

    The previous expression “highly profitable, stable company” is no longer found in the management policy in this filing. The framework has shifted toward the corporate philosophy, the 2030 Management Plan and the transformation into a wellness company.
  2. FY2021-Q3RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company is reaffirming its 2018 medium-term management plan, which began in fiscal 2018, its goal of building a highly profitable, stable company and its focus on the Existing Businesses, Wellness and Global areas.
  3. FY2021-Q2RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company continues to describe the 2018 Medium-Term Management Plan as targeting the creation of a highly profitable, stable company and focusing on three areas over three years.
  4. FY2021-Q1RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company continues to describe its goal of building a highly profitable, stable company and its three-year medium-term management plan beginning in fiscal 2018.
  5. FY2020SoftenedAnnual report

    「In the current consolidated fiscal year, we achieved our targets for the operating margin on sales and ROE, at 10.2% versus a target of 10% and 10.8% versus a target of at least 10%, respectively. The overseas sales ratio was 5.3%, below the 10% target, as the core U.S. business performed well but all shares in Morinaga Kino Indonesia Co., Ltd., formerly a consolidated subsidiary, were transferred in January 2019.」

    In FY2020, the company achieved its operating margin on sales and ROE targets, while the overseas sales ratio was 5.3%, below the 10% target. In addition, the company expects to miss the targets for the fiscal year ending March 2021, the final year of the 2018 Medium-Term Management Plan, because of COVID-19 and the termination of the Indonesian joint venture.
  6. FY2020-Q3RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company continues to describe its three-year medium-term management plan as targeting the creation of an even more highly profitable, stable company and focusing on three areas.
  7. FY2020-Q1RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company continues to describe the 2018 Medium-Term Management Plan as targeting the creation of a highly profitable, stable company and focusing on three areas.
  8. FY2019Updated target and actual resultsAnnual report

    「Under the “2018 Medium-Term Management Plan,” the Group has set the following key management targets to establish a stronger management base and accelerate its growth strategy: ・10% operating margin on sales ・10% overseas sales ratio ・ROE of at least 10%. In the current fiscal year, the operating margin on sales was 9.8%, up 0.2 percentage points from the previous fiscal year. The overseas sales ratio was 5.9%, down 0.6 percentage points, as strong performance in the United States and China was offset by the termination of the joint venture in Indonesia. ROE was 13.2%, up 2.2 percentage points, owing to an increase in net income attributable to owners of the parent and the acquisition of treasury shares.」

    The operating margin on sales reached 9.8%, approaching the 10% target, and ROE exceeded the target at 13.2%, while the overseas sales ratio fell short of the 10% target at 5.9%.
  9. FY2019-Q3RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company continues to describe its three-year medium-term management plan, beginning in fiscal 2018, as pursuing the creation of an even more highly profitable, stable company and focusing on three areas.
  10. FY2019-Q2RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The company continues to state its policy of pursuing the creation of a highly profitable, stable company and strengthening its management base and accelerating its growth strategy under a three-year medium-term management plan.
  11. FY2019-Q1RestatedAnnual report

    「Beginning in fiscal 2018, we formulated a new medium-term management plan and are developing and implementing strategies to build an even more highly profitable, stable company. The theme of the medium-term management plan is “Strengthening the Management Base and Accelerating the Growth Strategy.” We have positioned the plan as a three-year period focused on strengthening our management base and accelerating our progress toward the next phase of growth, with a focus on three areas: “Existing Businesses,” “Wellness” and “Global.”」

    The new medium-term management plan beginning in fiscal 2018 continues to target the creation of an even more highly profitable, stable company and focuses on three areas over a three-year period.
  12. FY2018RaisedAnnual report

    「Under the “2018 Medium-Term Management Plan,” we have set the following key management targets to establish a stronger management base and accelerate our growth strategy: ・10% operating margin on sales ・10% overseas sales ratio ・ROE of at least 10%.」

    In addition to the existing 10% operating margin target, the company added a 10% overseas sales ratio and ROE of at least 10%, expanding the scope of its target metrics. Actual results were a 9.6% operating margin on sales, a 6.5% overseas sales ratio and ROE of 11.0%.
  13. FY2018-Q3RestatedAnnual report

    「We have formulated a medium-term management plan and are developing and implementing strategies to build a highly profitable, stable company.」

    The company continues to position building a highly profitable, stable company as the objective of its medium-term management plan, with no substantive change.
  14. FY2018-Q2RestatedAnnual report

    「We have formulated a medium-term management plan and are developing and implementing strategies to build a highly profitable, stable company.」

    The company continues to position building a highly profitable, stable company as the objective of its medium-term management plan, with no substantive change.
  15. FY2018-Q1RestatedAnnual report

    「We have formulated a medium-term management plan and are developing and implementing strategies to build a highly profitable, stable company.」

    The company continues to position building a highly profitable, stable company as the objective of its medium-term management plan, with no substantive change.
  16. FY2017Explicit target metricsAnnual report

    「The Group is working to expand sales and strengthen its management base, and has set a 10% operating margin on sales as a target.」

    In addition to the existing goal of building a highly profitable, stable company, the company specified a measurable target of a 10% operating margin on sales.
  17. FY2017-Q3RestatedAnnual report

    「We have formulated a medium-term management plan and are developing and implementing strategies to build a highly profitable, stable company.」

    The company continues to position building a highly profitable, stable company as the objective of its medium-term management plan, with no material changes.
  18. FY2017-Q2RestatedAnnual report

    「We have formulated a medium-term management plan and are developing and implementing strategies to build a highly profitable, stable company.」

    The company continues to position building a highly profitable, stable company as the objective of its medium-term management plan.
  19. FY2017-Q1RestatedAnnual report

    「We have formulated a medium-term management plan and are developing and implementing strategies to build a highly profitable, stable company.」

    The company continues to position building a highly profitable, stable company as the objective of its medium-term management plan.
  20. FY2016First statedAnnual report

    「Against this backdrop, we have worked to strengthen our earnings base by enhancing our development capabilities for high-value-added products, improving production efficiency and reducing costs across the Group, with the aim of building a highly profitable, stable company.」

    The company set building a highly profitable, stable company as its goal and identified product development, production efficiency and company-wide cost reductions as the means of achieving it.
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