Securing a Consolidated Operating Margin of 8% and ROE of 10% or Higher
First written in FY2017. 17 of 27 entries say "Restated". Latest entry: FY2026.
HONYAKU Center moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 5 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「At a meeting of the Board of Directors held on 12 May 2026, the Company revised its consolidated performance targets under the Medium-Term Management Plan and established operating profit of ¥900 million and return on equity (ROE) of 8% or higher as management targets.」
For the plan beginning in the fiscal year ending March 2026, the target levels were lowered from operating profit of ¥1,200 million and ROE of 10% or higher set out in the previous filing to operating profit of ¥900 million and ROE of 8% or higher. - 2026-05-12SoftenedRevisions to earnings forecasts
「本中期経営計画における連結業績目標を以下の通り、修正いたします。」
2028年3月期の連結業績目標が、売上高13,000百万円から11,700百万円、営業利益1,200百万円から900百万円、当期純利益800百万円から600百万円、ROE10％以上から8％以上へ引き下げられた。 - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the objective indicators related to the management targets. - FY2025ReframedAnnual report
「We formulated a three-year medium-term management plan beginning with the fiscal year ending March 2026 and set operating income of ¥1,200 million and return on equity (ROE) of at least 10% as new management targets.」
The indicators were changed from the previous targets of a 9% revenue operating margin and ROE of 12% or higher to new targets of operating profit of ¥1,200 million and ROE of 10% or higher. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing states that there were no material changes to the objective management indicators related to the Medium-Term Management Plan. - FY2024Management targets not achievedAnnual report
「In the 3-year Medium-Term Management Plan beginning in the fiscal year ending March 2023, the Group established a revenue operating margin of 9% and a return on equity (ROE) of 12% or higher as new management targets. As a result, the revenue operating margin for the current consolidated fiscal year was 7.9%, down 0.5 percentage points year on year, while ROE was 11.9%, down 0.8 percentage points.」
Against the Fifth Medium-Term Management Plan targets of a 9% operating margin and ROE of 12% or higher, actual results were an operating margin of 7.9% and ROE of 11.9%, below the target levels for both indicators. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing states that there were no material changes to the objective management indicators related to the Medium-Term Management Plan. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing states that there were no material changes to the objective management indicators related to the Fifth Medium-Term Management Plan. - FY2023AdvancedAnnual report
「In the 3-year Medium-Term Management Plan beginning in the fiscal year ending March 2023, the Group established a revenue operating margin of 9% and a return on equity (ROE) of 12% or higher as new management targets. As a result, the revenue operating margin for the current consolidated fiscal year was 8.4%, up 0.6 percentage points year on year, while ROE was 12.7%, up 0.8 percentage points.」
Against the Fifth Medium-Term Management Plan targets of a 9% operating margin and ROE of 12% or higher, the operating margin was 8.4% and ROE was 12.7%, with ROE exceeding its target. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing states that there were no material changes to the objective management indicators related to the Medium-Term Management Plan. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing states that there were no material changes to the objective management indicators related to the Medium-Term Management Plan. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing states that there were no material changes to the objective management indicators in the first quarter of the first fiscal year of the Fifth Medium-Term Management Plan. - FY2022SoftenedAnnual report
「In the 3-year Medium-Term Management Plan beginning in the fiscal year ending March 2023, the Group established a revenue operating margin of 9% and a return on equity (ROE) of 12% or higher as new management targets.」
Under the new plan, the target levels were lowered to a 9% operating margin and ROE of 12% or higher, from the 10% operating margin and ROE of 15% or higher under the Fourth Medium-Term Management Plan. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the objective indicators related to the management targets. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2021Management metrics below targetAnnual report
「In the Fourth Medium-Term Management Plan, whose final fiscal year was the fiscal year ending March 2021, the Group established a revenue operating margin of 10% and a return on equity (ROE) of 15% or higher as management targets. Although the Group implemented various measures to achieve these targets, the economy deteriorated significantly due to the global spread of COVID-19. As a result, the revenue operating margin for the current consolidated fiscal year was 4.2%, down 2.8 percentage points year on year, while ROE was 2.5%, down 4.2 percentage points.」
In the final fiscal year of the Fourth Medium-Term Management Plan, the actual revenue operating margin and ROE were 4.2% and 2.5%, respectively, against targets of 10% and 15% or higher. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the objective indicators in the Fourth Medium-Term Management Plan. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the objective indicators in the Fourth Medium-Term Management Plan. - FY2020-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2019AdvancedAnnual report
「In the Fourth Medium-Term Management Plan, whose final fiscal year was the fiscal year ending March 2021, the Group established a revenue operating margin of 10% and a return on equity (ROE) of 15% or higher as management targets. As a result, the revenue operating margin for the current consolidated fiscal year was 7.4%, down 0.1 percentage points year on year, while ROE was 15.2%, unchanged from the previous year.」
The target period ending in the fiscal year ending March 2021 was maintained. In the current fiscal year, ROE of 15.2% exceeded the target level, while the revenue operating margin of 7.4% fell short of the 10% target. - FY2019-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing confirms that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the objective indicators and other measures established by the Group.」
The filing explicitly states that there were no material changes to the management targets in the Fourth Medium-Term Management Plan. - FY2018RaisedAnnual report
「In the Fourth Medium-Term Management Plan, a 3-year plan beginning in the fiscal year ending March 2019, the Group established a revenue operating margin of 10% and a return on equity (ROE) of 15% or higher as new management targets.」
The target levels were raised in the Fourth Medium-Term Management Plan to a 10% operating margin and ROE of 15% or higher, from the 8% operating margin and ROE of 10% or higher set under the Third Medium-Term Management Plan. - FY2017First statedAnnual report
「Through revenue growth and improved profitability, the Group aims to achieve a consolidated operating margin of 8% over the medium to long term and will seek to secure ROE of 10% or higher by improving capital efficiency.」
The Group has set a consolidated operating margin of 8% and ROE of 10% or higher as management targets. “Over the medium to long term” is not treated as a specific deadline.