Komori
Nafco (2790) · TargetAdvanced

Ordinary profit to total capital ratio of 10.0% or higher

First written in FY2016. 7 of 14 entries say "Restated". Latest entry: FY2026.

14entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018AdvancedFY2020 – FY20212016: 220162017: 420172018: 220182019: 120192020: 120202021: 120212022: 020222023: 020232024: 120242025: 120252026: 12026
Same theme, other companies
Combined targets for return on total capital and ordinary profit marginA theme 3 companies write about · 0 as a headwind · 3 as a tailwind

0 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「In the fiscal year under review, the ratio was 0.9%, up 0.2 percentage points year on year, owing to reductions in selling, general and administrative expenses despite lower revenue and gross profit resulting from consumers holding back on purchases amid a stronger preference for saving, weak sales of seasonal products due to unfavorable weather, a weaker yen, and soaring raw material prices.」

    The medium-term target of an ordinary profit margin on sales of at least 5.0% was maintained, and the FY2026 result improved by 0.2 percentage points from the previous fiscal year to 0.9%, but remained below the target level.
  2. FY2025WorsenedAnnual report

    「The Company uses ordinary profit margin on sales, which measures profitability relative to revenue, as a management KPI and has continuously set a medium-term target of at least 5.0%. In the fiscal year under review, the ratio was 0.7%, down 2.2 percentage points year on year, owing to lower revenue resulting from consumers holding back on purchases amid a stronger preference for saving and weak sales of seasonal products due to unfavorable weather, as well as a higher selling, general and administrative expense ratio due to increases in utility costs and personnel expenses.」

    The medium-term target of an ordinary profit margin on sales of at least 5.0% was maintained, but the ratio for the fiscal year under review was 0.7%, down 2.2 percentage points from the previous fiscal year.
  3. FY2024Missed target and deteriorating resultsAnnual report

    「The Company uses ordinary profit margin on sales, which measures profitability relative to revenue, as a management KPI and has continuously set a medium-term target of at least 5.0%. In the fiscal year under review, the ratio was 2.9%, down 1.9 percentage points year on year, owing to lower revenue resulting from consumers holding back on purchases amid a stronger preference for saving, unfavorable weather in early spring and unusually warm weather from autumn onward, a higher cost of sales ratio due to soaring raw material prices, and a higher selling, general and administrative expense ratio due to increased personnel expenses.」

    The medium-term target of an ordinary profit margin on sales of at least 5.0% was maintained, but the FY2024 result was 2.9%, down 1.9 percentage points from the previous fiscal year.
  4. FY2021AdvancedAnnual report

    「The Company uses ordinary profit margin on sales, which measures profitability relative to revenue, as a management KPI and has set a medium-term target of at least 5.0%. In the fiscal year under review, the ratio was 8.1%, up 4.0 percentage points year on year, owing to increased demand for infection-control products amid the impact of COVID-19, increased stay-at-home demand resulting from working from home and restrictions on going out, an improved gross profit margin, and reductions in selling, general and administrative expenses.」

    The medium-term target of an ordinary profit margin on sales of at least 5.0% was maintained, while the ratio for the fiscal year under review was 8.1%, up 4.0 percentage points year on year.
  5. FY2020AdvancedAnnual report

    「We use the ordinary profit margin, which measures profitability relative to net sales, as a management indicator and target a medium-term level of 5.0% or more. For the fiscal year, the ordinary profit margin increased 0.7 percentage points year on year to 4.1%, reflecting an improved gross profit margin and reductions in selling, general and administrative expenses. We will continue working to improve profitability by improving the gross profit margin and reducing selling, general and administrative expenses to achieve the target.」

    We are maintaining the medium-term target of an ordinary profit margin of 5.0% or more, and the result for the fiscal year was 4.1%, up 0.7 percentage points year on year.
  6. FY2019ReframedAnnual report

    「We use the ordinary profit margin, which measures profitability relative to net sales, as a management indicator and target a medium-term level of 5.0% or more. For the fiscal year, the ordinary profit margin was 3.4%, despite a decrease in selling, general and administrative expenses, due in part to a decline in the gross profit margin. We will continue working to improve profitability by improving the gross profit margin and reducing selling, general and administrative expenses to achieve the target.」

    The management indicator and target changed from the previous ordinary profit to total assets ratio of 10.0% or more to an ordinary profit margin of 5.0% or more. The result for the fiscal year was 3.4%, and the company plans to improve the gross profit margin and reduce selling, general and administrative expenses.
  7. FY2018RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more. We will also work to improve return on equity by increasing capital efficiency.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more and the policy of improving return on equity.
  8. FY2018-Q3RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more.
  9. FY2018-Q2RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more.
  10. FY2018-Q1RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more.
  11. FY2017RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more.
  12. FY2017-Q3RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more.
  13. FY2017-Q1RestatedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    We are maintaining the medium-term target of an ordinary profit to total assets ratio of 10.0% or more.
  14. FY2016First statedAnnual report

    「We use the ordinary profit to total assets ratio, which measures the return on invested capital, as a management indicator and target a medium-term level of 10.0% or more.」

    The ordinary profit to total assets ratio is used as a management indicator, with a medium-term numerical target set.
Moved together

"Aggressive store openings through the strategic use of 4 business formats and the establishment of market dominance" moved the same way as this thread, in the same document, in 3 of its 14 moves.

333222★123456
  1. ★This thread
  2. 1Aggressive store openings through the strategic use of 4 business formats and the establishment of market dominance3×
  3. 2Review of Existing Stores and Closure of 4 Locations3×
  4. 3Improving Profitability through Gross Margin Improvement and SG&A Reductions3×
  5. 4Revitalization through Floor-Space Expansion and Renovation of Existing Stores2×
  6. 5Long-term, stable dividends and financial soundness2×
  7. 6Increasing the rate of male employees taking childcare leave2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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