Numerical Targets for the 1st Step of the Mid-Term Management Plan “Re morozoff 2022: Transformation”
First written in FY2018. 1 of 6 entries say "Reframed", first in FY2020. Latest entry: FY2023.
Morozoff Limited moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「The current consolidated fiscal year was the final year of the 2nd Step of the medium-term management plan “Re morozoff 2022: Transformation,” as described below. Revenue was ¥32,505 million.」
Against the previously stated final-year targets for the 2nd Step of revenue of ¥30,400 million and an operating margin of 4.6%, the current consolidated fiscal year delivered revenue of ¥32,505 million and operating profit of ¥2,423 million, equivalent to an operating margin of approximately 7.5%, exceeding the disclosed targets. - FY2022RaisedAnnual report
「Under these circumstances, the current medium-term management plan “Re morozoff 2022: Transformation” sets the final-year targets for the 2nd Step, covering the fiscal years ending January 2021 through January 2023, at revenue of ¥30,400 million and an operating margin of 4.6% (operating profit of ¥1,400 million).」
The targets for the fiscal year ending January 2023 were raised from the previous revenue target of ¥28,000 million and operating margin target of 4.5% to revenue of ¥30,400 million and an operating margin of 4.6%. - FY2021SoftenedAnnual report
「In light of these significant changes in the business environment, the company revised the 2nd Step targets for the fiscal year ending January 2023 on 29 January 2021 to revenue of ¥28,000 million and an operating margin of 4.5%.」
The revenue target for the fiscal year ending January 2023 was lowered from ¥29,600 million to ¥28,000 million, and the operating margin target from 5.0% to 4.5%. - FY2020ReframedAnnual report
「The company is implementing its medium-term management plan “Re morozoff 2022: Transformation” over the six years from the fiscal year ending January 2018 through the fiscal year ending January 2023, divided into two stages, the 1st Step and the 2nd Step. The 1st Step ended in the fiscal year ending January 2020, and the 2nd Step began in the fiscal year ending January 2021. For the fiscal year ending January 2023, the company is targeting revenue of ¥29,600 million and an operating margin of 5.0%.」
With the end of the 1st Step and the start of the 2nd Step, the final-year targets were replaced with revenue of ¥29,600 million and an operating margin of 5.0% for the fiscal year ending January 2023. - FY2019Changed by metric.Annual report
「The company launched the 1st Step of its medium-term management plan “Re morozoff 2022: Transformation” in the fiscal year ending January 2018, with the fiscal year ending January 2020 as its final year. For the fiscal year ending January 2020, the company is targeting revenue of ¥29,500 million and an operating margin of 6.1% (operating profit of ¥1,800 million). It will steadily implement each strategy under the medium-term management plan to achieve the projected results for the final year of the 1st Step, the fiscal year ending January 2020.」
The revenue target was raised from the previously stated ¥29,200 million to ¥29,500 million, while the operating margin target was lowered from 6.8% to 6.1%, with the metrics changed individually. - FY2018First statedAnnual report
「The targets for the final year, the fiscal year ending January 2020, are revenue of ¥29,200 million and an operating margin of 6.8%.」
For the 3-year 1st Step beginning with the fiscal year ending January 2018, numerical targets for revenue and operating margin for the fiscal year ending January 2020 are specified.