Achieving the Numerical Targets of New Medium-Term Management Plan Part 5
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2020.
NH Foods moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 3 of 20 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2020SoftenedAnnual report
「The next fiscal year's net sales target was revised to ¥1.2 trillion, taking into account weaker meat prices than assumed when Medium-Term Management Plan 2020 was formulated and the impact of the spread of COVID-19 on food-service products and overseas net sales. The business profit target was also revised to ¥34 billion, taking into account trends in meat prices and feed costs and the impact of the spread of COVID-19. As a result, the business profit margin on net sales was revised to 2.8%. ROE is expected to be 4.9%, as net income attributable to owners of the parent was revised from the ¥35 billion planned under Medium-Term Management Plan 2020 to ¥20 billion, mainly due to the revision to business profit.」
Toward the final year of Medium-Term Management Plan 2020, the targets were revised downward from the previous plan of net sales of ¥1.41 trillion, business profit of ¥56 billion and ROE of at least 7.0% to net sales of ¥1.2 trillion, business profit of ¥34 billion and ROE of 4.9%. - FY2018Plan completed; some targets missedAnnual report
「For the current consolidated fiscal year, net sales were ¥1,269,201 million, operating profit was ¥49,218 million, the operating profit margin was 3.9% and ROE was 8.8%. We recognise improving earnings power as an issue to be addressed for future growth.」
New Medium-Term Management Plan Part 5 has completed its final year. Net sales, operating profit and the operating profit margin fell short of the targets of ¥1.3 trillion, ¥52 billion and 4.0%, respectively, while ROE was 8.8%, against the target of at least 8.0%. - FY2018-Q3RestatedAnnual report
「In the current fiscal year, the final year of “New Medium-Term Management Plan Part 5” launched in April 2015, our group actively pursued business activities based on two management policies, “Establishing competitive advantages in domestic businesses” and “Accelerating the transition to a global company,” as the final stage in realizing “Building a Robust Business Model through Transformation.”」
Although the numerical targets were not repeated, the company reconfirmed that initiatives are being advanced as the finishing stage of the final year of New Medium-Term Management Plan Part 5. - FY2018-Q2RestatedAnnual report
「In the current fiscal year, the final year of “New Medium-Term Management Plan Part 5” launched in April 2015, our group actively pursued business activities based on two management policies, “Establishing competitive advantages in domestic businesses” and “Accelerating the transition to a global company,” as the final stage in realizing “Building a Robust Business Model through Transformation.”」
The company reconfirmed that initiatives are being advanced toward the numerical targets as the finishing stage of the final year of New Medium-Term Management Plan Part 5. - FY2018-Q1RestatedAnnual report
「In the current fiscal year, the final year of “New Medium-Term Management Plan Part 5” launched in April 2015, our group actively pursued business activities based on two management policies, “Establishing competitive advantages in domestic businesses” and “Accelerating the transition to a global company,” as the final stage in realizing “Building a Robust Business Model through Transformation.”」
Although the numerical targets were not repeated, the company reconfirmed that New Medium-Term Management Plan Part 5 is in its final year and that initiatives are being advanced as the finishing stage of the plan. - FY2017First statedAnnual report
「In the final year of New Medium-Term Management Plan Part 5, which began in April 2015 and covers 1 April 2015 to 31 March 2018, the Group set targets of consolidated net sales of ¥1.3 trillion, operating profit of ¥52 billion, an operating profit margin of 4.0% and ROE of at least 8.0%. The next fiscal year, ending March 2018, is the final year of the plan. The net sales target was revised downward to ¥1.25 trillion, taking into account weaker-than-expected sales in the Australian business and the impact of lower revenue following the sale of the US hog farming business. The operating profit target, however, was revised upward to ¥56 billion, as the domestic meat business is expected to remain firmer than assumed when the plan was formulated. As a result, the planned operating profit margin is 4.5%. ROE is planned at 8.9%, mainly because the upward revision to operating profit is expected to increase net income attributable to the company's shareholders in the final year from ¥33 billion to ¥37 billion compared with the amount assumed when the plan was formulated.」
For the first time, the final-year targets of New Medium-Term Management Plan Part 5 were presented as a set of figures. The next fiscal year's net sales target was revised downward to ¥1.25 trillion, while the operating profit target was revised upward to ¥56 billion, the operating profit margin to 4.5% and ROE to 8.9%.