Rolling Management of the Medium-Term Management Plan and Outperformance Against Plan
First written in FY2018. 5 of 10 entries say "Reframed", first in FY2021. Latest entry: 2026-08-13.
Komehyo Holdings moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 5 of 16 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026Update to medium-term plan targetsAnnual report
「The medium-term management plan “Beyond the 80th year milestone,” a milestone toward the future goal of becoming No. 1 worldwide in brand resale revenue, aims for sustainable corporate growth and higher corporate value through achieving revenue of ¥260 billion and operating profit of ¥13 billion for the fiscal year ending March 2028.」
The plan targets have been updated from the previously disclosed revenue of ¥250 billion and operating profit of ¥15 billion for the fiscal year ending March 2028 to revenue of ¥260 billion and operating profit of ¥13 billion. - 2026-05-14ReframedEarnings presentation
「For the fiscal year ending March 2029, we aim for revenue of ¥310 billion and operating profit of ¥14.5 billion.」
The medium-term management plan was updated and restructured as a rolling plan targeting revenue of ¥310 billion and operating profit of ¥14.5 billion for the fiscal year ending March 2029, with the fiscal year ending March 2028 as an interim milestone. - FY2025-H1ReframedAnnual report
「In May 2024, we formulated the medium-term management plan “Beyond the 80th year milestone,” a milestone toward the future goal of becoming the world’s No. 1 company by brand reuse sales. We aim to achieve sustainable corporate growth and enhance corporate value, targeting revenue of ¥250 billion and operating profit of ¥15 billion in the fiscal year ending March 2028, the final year of the plan. One of the growth strategies set out in the medium-term management plan is business expansion through M&A.」
The company has restructured the plan from its previous rolling medium-term plan into “Beyond the 80th year milestone,” with the fiscal year ending March 2028 as its final year, specifying revenue of ¥250 billion, operating profit of ¥15 billion and business expansion through M&A. - FY2023ReframedAnnual report
「The medium-term management plan through the fiscal year ending March 2026 targets ROE of 15% or more. While improving capital efficiency, we will pursue a flexible capital policy in response to changes in the business environment. The achievement and progress for the fiscal year ended March 2023 were as follows. Revenue was ¥8,113 million above plan, an increase of 10.4%.」
For the rolling medium-term plan, the company reports performance above plan for the fiscal year ended March 2023 and newly specifies a capital-efficiency target of ROE of 15% or more through the fiscal year ending March 2026. - FY2021ReframedAnnual report
「Because the outlook for when the spread of the infection will subside and other factors remained uncertain, the medium-term management plan was left undecided through the fiscal year ending March 2021. Accordingly, we have not disclosed the status of indicators and other information used to objectively assess achievement of management targets for the current consolidated fiscal year. In this environment, we have announced an overview of the 3-year management plan from the fiscal year ending March 2022 through the fiscal year ending March 2024 as follows: revenue ¥60,000 million / ¥65,000 million / ¥70,000 million; operating profit ¥1,550 million / ¥2,100 million / ¥2,800 million.」
The medium-term management plan that had been left undecided due to COVID-19 was reset with numerical targets for the 3-year period from the fiscal year ending March 2022 through the fiscal year ending March 2024. - FY2020SoftenedAnnual report
「Because the outlook for when the spread of the infection will subside and other factors remains uncertain, we determined that it would be difficult at this stage to forecast full-year performance for our next consolidated fiscal year. Accordingly, the medium-term management plan remains undecided.」
Due to the uncertain outlook for COVID-19, the company considers it difficult to forecast performance for the following fiscal year and has left the medium-term management plan undecided. - FY2019From performance exceeding plan to performance below planAnnual report
「Revenue was ¥960 million above plan, an increase of 1.9%. This was attributable to the effect of 3 large-format stores newly opened in 2017 and contributions from corporate sales through auctions. Operating profit was ¥39 million below plan, a decrease of 2.1%, because selling, personnel and other expenses increased by more than the increase in profit resulting from higher revenue. Net income attributable to owners of the parent was ¥190 million below plan, a decrease of 15.9%, due to corporate income taxes for prior fiscal years.」
Under the rolling medium-term management plan, revenue exceeded plan, while operating profit and net income attributable to owners of the parent fell below plan. - FY2018First statedAnnual report
「Our group prepares and implements a medium-term management plan. The plan is formulated as the basic management objectives for the next 3 years, taking into account social conditions such as consumer trends and other retail trends, as well as the company's conditions, including business performance and the progress made in addressing issues in each division. The medium-term management plan is reviewed annually on a rolling basis. The achievement and progress for the fiscal year ended March 2018 were as follows. Revenue was ¥2,697 million above plan, an increase of 6.3%. Operating profit was ¥395 million above plan, an increase of 32.2%, mainly due to an improvement in the gross profit margin on revenue.」
The company operates a medium-term management plan covering the next 3 years on a rolling basis, reviewing it annually, and explained that both revenue and operating profit exceeded plan for the fiscal year ended March 2018.