Achieving a 10% operating margin
First written in FY2018. 13 of 26 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2026.
Pietro moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 13 of 101 companies on the "Worse" side.
9 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「To enhance corporate value over the medium to long term and achieve sustainable growth, the Group focuses on operating profit and net income as its key management indicators. Under its "annual-ring management" approach of steadily pursuing gradual growth without stopping even when growth is small, the Group will continue to achieve higher profits.」
The former 10% operating margin target is not explicitly stated in this filing, which instead describes a policy of continuously increasing profit while focusing on operating profit and net income. - FY2026-H1WorsenedAnnual report
「As a result, revenue for the six-month consolidated period was ¥6,010 million, up 9.6% year on year, operating profit was ¥67 million, down 30.8%, and ordinary loss was ¥30 million, compared with ordinary profit of ¥94 million in the same period of the previous year.」
Although revenue increased, operating profit declined, and ordinary profit turned from a profit in the same period of the previous year to a loss. The results widened the gap with the 10% operating margin target. - FY2025-H1WorsenedAnnual report
「Operating profit was ¥97 million, down 47.9% year on year, and ordinary profit was ¥94 million, down 49.8%, due in part to higher personnel expenses resulting from group-wide investment in human resources and higher shareholder-related expenses as the number of shareholders increased following the capital increase carried out in December last year.」
Although revenue increased, operating profit fell 47.9% year on year, indicating results that widened the gap with the 10% operating margin target. - FY2024AdvancedAnnual report
「Revenue rose 10.8% from the previous consolidated fiscal year to ¥10,096 million. In the Product Business, revenue increased as the company pursued sales reforms leveraging its brand strengths and benefited from the success of price revisions implemented in the previous fiscal year. In the Store Business, revenue increased as a result of initiatives focused on customer satisfaction and the effects of new store openings.」
Although achievement of the 10% operating margin target was not indicated, revenue rose 10.8% year on year through sales reforms, price revisions, customer satisfaction initiatives and new store openings, indicating progress in restoring earnings power. - FY2024-Q3AdvancedAnnual report
「In terms of profit, although the Product Business was affected by higher raw material and supply costs, operating profit was ¥209 million (a loss of ¥78 million in the same period of the previous year) and ordinary profit was ¥192 million (a loss of ¥77 million in the same period of the previous year), reflecting the effects of price revisions and the Store Business's return to profitability through structural profit reforms.」
Operating profit improved from a loss of ¥78 million in the same period of the previous year to a profit of ¥209 million. The operating margin was approximately 2.7%, indicating improved profitability, although the 10% target was not achieved. - FY2024-Q2AdvancedAnnual report
「In terms of profit, although the merchandise business was affected by higher raw material and material prices, operating profit was ¥186 million, compared with an operating loss of ¥36 million in the same period of the previous year, due to the effect of price revisions and the store business returning to profitability through profit-structure reforms. Ordinary profit was ¥187 million, compared with an ordinary loss of ¥30 million, and quarterly net profit attributable to owners of the parent was ¥74 million, compared with a net loss of ¥81 million.」
Operating profit, ordinary profit and profit attributable to owners of the parent turned from losses in the same period of the previous year to profits, indicating improved profitability toward the 10% operating-margin target. - FY2024-Q1AdvancedAnnual report
「In terms of profit, although higher raw material and material prices affected the merchandise business, operating profit was ¥55 million, compared with an operating loss of ¥25 million in the same period of the previous year, due in part to the store business returning to profitability through profit-structure reforms. Ordinary profit was ¥57 million, compared with an ordinary loss of ¥21 million, and quarterly net profit attributable to owners of the parent was ¥2 million, compared with a net loss of ¥23 million.」
Operating profit improved from a loss of ¥25 million in the same period of the previous year to profit of ¥55 million. The operating margin was approximately 2.3%, below the 10% target, but profitability improved from the same period of the previous year. - FY2023-Q3WorsenedAnnual report
「In terms of profit, although the restaurant business's loss improved substantially, the decline in food-business revenue and higher raw material costs had a greater-than-expected impact. The company posted an operating loss of ¥78 million, compared with operating profit of ¥386 million in the same period of the previous year, and an ordinary loss of ¥77 million, compared with ordinary profit of ¥382 million. Net loss attributable to owners of the parent was ¥127 million, compared with net profit of ¥213 million in the same period of the previous year, due in part to the recognition of an impairment loss of ¥61 million on restaurant outlets as an extraordinary loss.」
Due to lower revenue in the food business and higher raw material costs, operating profit and ordinary profit turned from profit in the same period of the previous year to losses, indicating that the gap from the 10% operating-margin target was widening. - FY2023-Q2WorsenedAnnual report
「In terms of profit, although the restaurant business's loss improved substantially, the decline in food-business revenue and higher raw material costs had a greater-than-expected impact, resulting in an operating loss of ¥36 million, compared with operating profit of ¥291 million in the same period of the previous year, and an ordinary loss of ¥30 million, compared with ordinary profit of ¥288 million.」
Operating profit and ordinary profit turned from profit in the same period of the previous year to losses, indicating that the gap from the 10% operating-margin target was widening. - FY2023-Q1WorsenedAnnual report
「As a result, revenue for the first quarter of the current consolidated cumulative period was ¥2,267 million, up 4.2% year on year, while the company posted an operating loss of ¥25 million, compared with operating profit of ¥174 million in the same period of the previous year, and an ordinary loss of ¥21 million, compared with ordinary profit of ¥172 million.」
Although revenue increased, operating profit and ordinary profit turned from profit in the same period of the previous year to losses, indicating that the gap from the 10% operating-margin target was widening. - FY2022WorsenedAnnual report
「As a result, revenue for the current consolidated fiscal year was ¥8,540 million, down 0.2% from the previous period, operating profit was ¥353 million, down 39.6%, ordinary profit was ¥369 million, down 35.8%, and net profit attributable to owners of the parent was ¥165 million, down 48.5%.」
For full-year performance related to the 10% operating-margin target, operating profit declined 39.6% from the previous period, indicating that the gap from the target was widening. - FY2022-Q3WorsenedAnnual report
「As a result, revenue for the first 3 quarters of the current consolidated cumulative period was ¥6,516 million, down 0.7% year on year, operating profit was ¥386 million, down 13.1%, ordinary profit was ¥382 million, down 12.4%, and quarterly net profit attributable to owners of the parent was ¥213 million, down 10.8%.」
For the first 3 quarters of the cumulative period related to the 10% operating-margin target, revenue declined 0.7% and operating profit declined 13.1%, indicating deterioration in profitability from the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the first 2 quarters of the current consolidated cumulative period was ¥4,275 million, down 1.7% year on year, operating profit was ¥291 million, up 27.7%, ordinary profit was ¥288 million, up 29.4%, and quarterly net profit attributable to owners of the parent was ¥156 million, up 50.3%.」
In relation to the 10% operating-margin target, revenue declined year on year, but operating profit increased 27.7%. - FY2022-Q1AdvancedAnnual report
「As a result, revenue for the first quarter of the current consolidated cumulative period was ¥2,177 million, down 5.6% year on year, operating profit was ¥174 million, up 55.9%, ordinary profit was ¥172 million, up 56.1%, and quarterly net profit attributable to owners of the parent was ¥82 million, up 118.1%.」
Based on the reported figures, the quarterly operating margin was approximately 8.0%, up from approximately 4.9% in the same period of the previous year. Although the 10% target was not achieved, profitability improved. - FY2021AdvancedAnnual report
「As a result, revenue for the current consolidated fiscal year was ¥9,869 million, up 3.4% from the previous period, operating profit was ¥585 million, up 20.3%, ordinary profit was ¥575 million, up 20.5%, and net profit attributable to owners of the parent was ¥320 million, up 44.8%.」
Although the achievement rate for the 10% operating-margin target was not stated, operating profit increased 20.3% from the previous period, indicating progress in performance toward the target. - FY2021-Q3AdvancedAnnual report
「As a result, revenue for the first 3 quarters of the current consolidated cumulative period was ¥7,603 million, up 4.9% year on year, operating profit was ¥445 million, up 25.9%, ordinary profit was ¥437 million, up 24.8%, and quarterly net profit attributable to owners of the parent was ¥239 million, up 45.3%.」
Revenue, operating profit and ordinary profit exceeded the same period of the previous year, indicating progress in performance toward the 10% operating-margin target. - FY2021-Q1WorsenedAnnual report
「Although food-business revenue increased substantially due to stronger demand for eating at home, revenue for the first quarter of the current consolidated cumulative period was ¥2,653 million, up 9.8% year on year, while operating profit was ¥111 million, down 20.5%, due to the impact of the spread of COVID-19 and the upfront investment in advertising expenses resulting from concentrating television commercial broadcasts in early April, which are usually run throughout the year.」
Although revenue increased, operating profit declined 20.5% year on year, indicating a deterioration in short-term performance against the 10% operating-margin target. - FY2020WorsenedAnnual report
「However, due to the impact of the spread of COVID-19 and other factors, revenue for the current consolidated fiscal year was ¥9,548 million, down 1.4% from the previous period, operating profit was ¥486 million, down 9.7%, and ordinary profit was ¥477 million, down 10.1%.」
Full-year performance related to the 10% operating-margin target remained below the previous period for both revenue and operating profit, and the gap from the target continued. - FY2020-Q3RestatedAnnual report
「With results through the second quarter remaining challenging, revenue for the first 3 quarters of the current consolidated cumulative period was ¥7,247 million, down 2.9% year on year. In terms of profit, gross profit declined 2.8% year on year due to lower revenue, while operating profit was ¥353 million, down 26.6%.」
Cumulative performance related to the 10% operating-margin target remained below the same period of the previous year for both revenue and operating profit, and the gap from the target continued. - FY2020-Q2WorsenedAnnual report
「Revenue for the first 2 quarters of the current consolidated cumulative period was ¥4,786 million, down 5.7% year on year. In terms of profit, gross profit declined 5.6% year on year due to lower revenue, while operating profit was ¥214 million, down 47.9%, and ordinary profit was ¥211 million, down 48.2%.」
Performance for the first 2 quarters of the current cumulative period related to the 10% operating-margin target deteriorated from the same period of the previous year, with revenue down 5.7% and operating profit down 47.9%. - FY2020-Q1WorsenedAnnual report
「Although selling, general and administrative expenses were reduced 2.3% year on year, operating profit was ¥140 million, down 32.4% year on year, ordinary profit was ¥139 million, down 32.4%, and quarterly net profit attributable to owners of the parent was ¥85 million, down 33.5%.」
Although the company implemented expense reductions, operating profit declined 32.4% year on year, indicating a deterioration in short-term performance toward the 10% operating-margin target. - FY2019AdvancedAnnual report
「For the current consolidated fiscal year, the operating margin was 5.6%, leaving a considerable gap from the target. The company recognizes that further improvement in the profitability of the restaurant business, a review of sales promotion expenses in the food business and company-wide cost reductions are essential to achieving the target, and will work as a unified organization to achieve it.」
The operating margin rose from 5.4% in the previous period to 5.6%, but the company disclosed the gap from the 10% target and the measures required to achieve it. - FY2019-Q3AdvancedAnnual report
「As a result, revenue for the first 3 quarters of the current consolidated cumulative period was ¥7,465 million, up 3.0% year on year. In terms of profit, gross profit was ¥4,468 million, up 2.4%, in line with the increase in revenue, while operating profit was ¥481 million, up 21.9%.」
Revenue and operating profit exceeded the same period of the previous year, indicating progress in performance toward the 10% operating-margin target. - FY2018First statedAnnual report
「The company aims to achieve a 10% operating margin, representing the earning power of its core business on a consolidated basis.」
The company stated a quantitative target for the first time regarding the earning power of its core business on a consolidated basis. The operating margin for the current consolidated fiscal year was 5.4%, and the gap from the target was also disclosed.