Achieving a 2% ordinary profit margin on sales

「The Group has designated the 2 years from April this year as the period of its New Medium-Term Management Plan Challenge2026 and will work to establish a robust business foundation and maintain stable dividends, using ROA (near-term target of 5%, target during the period of 3.2%), EBITDA (near-term target of 6%), and net D/E ratio (target during the period of 0.7) as management indicators.」

「The Group has set a 3% ordinary profit margin on sales as its near-term target, an objective measure of corporate value reflecting improved earnings capacity. Under the Medium-Term Management Plan <Challenge> Phase II <challenge2024>, the ordinary profit margin target for the fiscal year ending March 2024 is 2% amid a challenging business environment, but the Group will work to establish a robust business foundation through the measures set out in the management plan and seek to maintain stable dividends.」

「The Group has set a 3% ordinary profit margin on sales as its near-term target, an objective measure of corporate value reflecting improved earnings capacity. Under the Medium-Term Management Plan <Challenge> Phase II <<challenge2024>>, the ordinary profit margin target for the fiscal year ending March 2024 is 2% amid a challenging business environment, but the Group will work to establish a robust business foundation through the measures set out in the management plan and seek to maintain stable dividends.」

「The Group has set a 3% ordinary profit margin on sales as its near-term target, an objective measure of corporate value reflecting improved earnings capacity. Through the measures set out in the New Medium-Term Management Plan <Challenge> challenge2022, it will work to establish a robust business foundation and seek to maintain stable dividends.」

「In the current consolidated fiscal year, the Group’s financial position and operating results were as follows. In terms of its financial position, total net assets declined slightly because unrealized gains on other securities decreased as a result of falling share prices of cross-shareholdings affected by the spread of COVID-19. In terms of operating results, sales increased for the second consecutive year due to higher sales of feed for farmed fish and functional foods. Profitability also improved, reflecting price revisions for processed fish products undertaken to improve margins, increased exports, and improved non-operating income and expenses, resulting in higher ordinary profit and net income attributable to owners of the parent for the sixth consecutive period. The ordinary profit margin on sales, whose target had been raised to more than 3% under the previous medium-term management plan, was 2.9%, representing almost full achievement in the current consolidated fiscal year.」

「During the period of the previous medium-term management plan, the Group achieved its previous near-term target of a 2% ordinary profit margin on sales and paid a year-end dividend. Going forward, it will work to establish a business foundation capable of supporting sustainable growth, targeting sales of ¥50 billion, ordinary profit of ¥1.5 billion, and an ordinary profit margin on sales of more than 3%, while seeking to maintain stable dividends.」

「The Group has set a 2% ordinary profit margin on sales as its near-term target, an objective measure of corporate value reflecting improved earnings capacity.」

「The Group has set a 2% ordinary profit margin on sales as its near-term target. Through the measures set out in the Third Medium-Term Management Plan, it will strengthen the Group’s corporate structure, improve margins, and seek to resume dividend payments at an early date.」