Numerical Targets for Step1 of the New Medium-Term Management Plan “Connecting: Next Stage 2031”
First written in FY2023. 2 of 9 entries say "Softened", first in FY2025. Latest entry: 2026-09-11.
The whole theme swung hardest in 2021: 16 of 76 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026Step1 achieved its sales target but missed its operating margin targetAnnual report
「Under “Step1,” whose final year is the fiscal year ending January 2026, the company worked to establish a strategic foundation centered on baked confectionery and achieved its sales target. On the earnings front, it implemented cost-reduction measures, including price revisions and product redesign, to address rising raw material prices. However, earnings fell substantially short of the initial target because of an unexpected surge in raw material prices, as well as higher logistics and labor costs.」
For the final year of Step1, the company explained that net sales achieved the target, while earnings fell substantially short of the initial target because of higher raw material, logistics and labor costs. - FY2025SoftenedAnnual report
「The final-year targets for “Step1” of the medium-term management plan “つなぐ ～next stage 2031～,” covering the fiscal year ending January 2026, were set on 30 January 2024 at net sales of ¥35,500 million and an operating margin of 6.5%. However, the forecast for the fiscal year ending January 2026 announced on 14 March 2025, which reflects substantial increases in raw material prices, labor costs and expenses, is net sales of ¥36,050 million and an operating margin of 2.8%. Although net sales are expected to exceed the final-year targets of the medium-term management plan’s “Step1,” the company expects to miss the operating margin target. Going forward, it will work to improve margins by increasing productivity in production and sales, while implementing cost-reduction measures such as price revisions and product redesign.」
Although net sales of ¥36,050 million are expected against the Step1 final-year target of ¥35,500 million, the operating margin is expected to be 2.8% versus the 6.5% target, and the company expects to miss its margin target. - FY2024RaisedAnnual report
「Taking this situation into account and considering the feasibility of its future strategy, the company revised the final-year targets for “Step1” on 30 January 2024 to net sales of ¥35,500 million and an operating margin of 6.5%.」
The final-year Step1 targets were raised from net sales of ¥33,200 million and an operating margin of 6.0% to net sales of ¥35,500 million and an operating margin of 6.5%. - FY2023First statedAnnual report
「The target figures for the final year of “Step1” (the fiscal years ending January 2024 through January 2026) are net sales of ¥33,200 million and an operating margin of 6.0% (operating income of ¥2,000 million).」
For Step1, covering the fiscal years ending January 2024 through January 2026, the company presented for the first time the final-year targets of net sales of ¥33,200 million, an operating margin of 6.0%, and operating income of ¥2,000 million.