¥2 billion and ¥3 billion ordinary-profit targets under the medium-term management plan
First written in FY2017. 3 of 9 entries say "Softened", first in FY2019. Latest entry: FY2025.
NittoBest moved to the "Worse" side of this theme in 2019.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2025Medium-term plan renamed and deadline for profit target brought forwardAnnual report
「In fiscal 2023, the Group formulated the next medium-term plan, “Reborn & Growing 2028 (2024-2028),” beginning in fiscal 2024, and will work as one to strengthen sales activities and improve productivity, targeting the achievement and continuation of consolidated ordinary profit of at least ¥2 billion by fiscal 2028.」
The fiscal 2027 target of ¥2 billion in consolidated ordinary profit set in the previous fiscal year was revised to “Reborn & Growing 2028,” running through fiscal 2028. For the same profit target, the deadline was brought forward by 1 fiscal year, and the target was changed to “at least ¥2 billion.” - FY2024SoftenedAnnual report
「The Group prepared a medium-term management plan targeting the achievement and continuation of consolidated ordinary profit of ¥2 billion in fiscal 2023 and worked as one to strengthen sales activities and improve productivity. However, due in part to the significant impact of higher raw material prices and increased costs, including fuel expenses, the results against the target were as described in “4. Analysis of Financial Position, Operating Results and Cash Flows by Management (Overview of Operating Results), (1) Operating Results.” As the operating environment has changed beyond initial expectations, the Group formulated a new medium-term plan last year, beginning in fiscal 2024, and will work toward achieving and sustaining consolidated ordinary profit of ¥2 billion in fiscal 2027.」
After disclosing the annual results against the fiscal 2023 target of ¥2 billion in consolidated ordinary profit, the next plan extended the deadline for the same profit target to fiscal 2027. Higher costs, including raw material prices and fuel expenses, were cited as changes in the operating environment. - FY2023Annual results against targets and cost impacts disclosedAnnual report
「The Group prepared a medium-term management plan, with fiscal 2021 as its first year, setting the achievement and continuation of consolidated ordinary profit of ¥2 billion in fiscal 2023 as its target, and has worked as one to strengthen sales activities and improve productivity. However, it has been significantly affected by higher raw material prices and increased costs, including fuel expenses. The results against the target were as described in “4. Analysis of Financial Position, Operating Results and Cash Flows by Management (Overview of Operating Results), (1) Operating Results.”」
While continuing to set a target of ¥2 billion in consolidated ordinary profit for fiscal 2023 and the means of achieving it, the Group disclosed the results for a year affected by higher costs, including raw material prices and fuel expenses. - FY2022AdvancedAnnual report
「During the current consolidated fiscal year, the Group launched a new medium-term plan, “Change and Reborn2025,” with “realizing the corporate creed” as its objective.」
The next medium-term plan targeting the achievement and continuation of ¥2 billion in consolidated ordinary profit for fiscal 2023 moved from the planning stage to actual implementation as “Change and Reborn2025.” - FY2021ReframedAnnual report
「With regard to the management indicators targeted from the next period onward, the next medium-term plan, beginning in fiscal 2021, was formulated last year, and the Group has set a target of achieving and sustaining consolidated ordinary profit of ¥2 billion in fiscal 2023.」
The target of ¥2 billion in consolidated ordinary profit for fiscal 2020 changed to the next medium-term plan, targeting the achievement and continuation of ¥2 billion in consolidated ordinary profit for fiscal 2023. The plan is named “Change and Reborn2025.” - FY2020SoftenedAnnual report
「The Group had prepared a medium-term management plan with a target of ¥2 billion in consolidated ordinary profit for fiscal 2020, but, as it has been significantly affected by the spread of COVID-19 since March 2020, it will give top priority to addressing the situation while working as one to strengthen sales activities and improve productivity. The target management indicators will be considered and determined in the next medium-term plan to be formulated in fiscal 2020.」
Although the Group had set a target of ¥2 billion in consolidated ordinary profit for fiscal 2020, it is giving top priority to addressing COVID-19 and will consider and determine its target indicators in the next medium-term plan, reducing the emphasis on the previous target. - FY2019SoftenedAnnual report
「The Group had prepared a medium-term management plan with a target of ¥3 billion in ordinary profit in 5 years from fiscal 2016, but, in light of recent changes in the operating environment, revised the plan and will work as one to strengthen sales activities and improve productivity, targeting consolidated ordinary profit of ¥2 billion in fiscal 2020.」
The previous target of ¥3 billion in ordinary profit in 5 years was revised to consolidated ordinary profit of ¥2 billion in fiscal 2020. Strengthening sales activities and improving productivity remain the stated means of achieving the target. - FY2018Annual results against targets disclosedAnnual report
「The Group prepared a medium-term management plan, with fiscal 2016 as its first year, setting target ordinary profit of ¥2 billion in 3 years and ¥3 billion in 5 years, and has worked as one to strengthen sales activities and improve productivity. The results against the expected progress, following efforts to improve profitability, were as described in “3. Analysis of Financial Position, Operating Results and Cash Flows by Management (Overview of Operating Results), (1) Operating Results.”」
The Company reiterated the medium-term management plan targets of ¥2 billion and ¥3 billion in ordinary profit and disclosed annual ordinary profit of ¥1,497 million. - FY2017First statedAnnual report
「The Company prepared a medium-term management plan, with fiscal 2016 as its first year, setting target ordinary profit of ¥2 billion in 3 years and ¥3 billion in 5 years, and will work as one to strengthen sales activities and improve productivity.」
The medium-term management plan beginning in fiscal 2016 established, for the first time, time-bound numerical targets of ¥2 billion in ordinary profit in 3 years and ¥3 billion in ordinary profit in 5 years. Strengthening sales activities and improving productivity were explicitly identified as the means of achieving them.