Risk of Failing to Achieve the Medium-Term Management Plan Targets
First written in FY2016. 19 of 31 entries say "Restated". Latest entry: FY2026.
KENKO Mayonnaise 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 2025: 11 of 19 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The group revised KENKO Vision 2035, its medium- to long-term management plan launched in fiscal 2024, in February 2026.」
The target of the risk of falling short of targets has changed from the previous plan to KENKO Vision 2035, which was revised in February 2026 in light of significant changes in the external environment and the early achievement of some targets. - FY2026-H1WorsenedAnnual report
「The full-year earnings forecast announced on 14 November 2025 revised the figures announced on 12 May 2025. Following the revision, for the fiscal year ending March 2026, the Company forecasts consolidated net sales of ¥92,800 million, consolidated operating profit of ¥3,800 million, consolidated ordinary profit of ¥3,950 million and profit attributable to owners of the parent of ¥2,470 million.」
The company revised its earnings forecast against a backdrop of the external environment and rising costs, lowering its profit target from the previous forecast. The gap from the plan's underlying assumptions is becoming more concrete. - FY2025-H1RestatedAnnual report
「As announced on 5 August 2024, consolidated net sales for the full fiscal year ending March 2025 are forecast at ¥92,000 million, consolidated operating profit at ¥4,500 million, consolidated ordinary profit at ¥4,650 million, and net income attributable to owners of the parent at ¥3,185 million.」
The forecasts for net sales and profit for the fiscal year ending March 2025 remain unchanged, and the caution that forecast figures may differ from actual results also continues to be included. - FY2024ReframedAnnual report
「The group has formulated a medium- to long-term management plan aimed at achieving further growth. However, if significant changes occur in the business environment, including the operating conditions of business partners and economic conditions, and the environment differs from the assumptions made when the plan was formulated, the group may be unable to achieve its target figures.」
The target of the risk of falling short of targets has changed from the previous three-year medium-term plan to the 12-year medium- to long-term management plan, KENKO Vision 2035. - FY2024-Q1RestatedAnnual report
「As originally announced, consolidated net sales for the full fiscal year ending March 2024 are forecast at ¥87,400 million, consolidated operating profit at ¥1,220 million, consolidated ordinary profit at ¥1,300 million, and net income attributable to owners of the parent at ¥570 million.」
The earnings forecast for the fiscal year ending March 2024 remains unchanged from the original announcement, and the statement that actual results may differ from the forecast figures continues to be included. - FY2023WorsenedAnnual report
「For the fiscal year ending March 2024, consolidated net sales are expected to exceed the planned ¥87,400 million, while consolidated ordinary profit is forecast at ¥1,300 million, reflecting the impact of higher raw material prices and energy costs, among other factors.」
For the final year of the medium-term plan, net sales are expected to exceed the planned figure, while ordinary profit is expected to fall significantly below the original target of ¥4,000 million, making the gap from the plan's underlying assumptions more concrete. - FY2023-Q3Revised earnings forecastsAnnual report
「As announced in the notice dated 13 February 2023, “Notice Concerning Revisions to the Full-Year Consolidated Earnings Forecast,” the Company forecasts consolidated net sales of ¥80,700 million, consolidated operating profit of ¥326 million, consolidated ordinary profit of ¥370 million and profit attributable to owners of the parent of ¥315 million for the full fiscal year ending March 2023.」
The company disclosed the revisions dated 13 February to its previously undisclosed earnings forecast for the fiscal year ended March 2023. The caution that actual results may differ from the forecast figures remains in place. - FY2023-Q2Publication of the earnings forecastAnnual report
「However, following the finalization of the Group’s results for the second quarter of the fiscal year ending March 2023 and based on currently available forward-looking information, the Company has announced a consolidated earnings forecast. For the full fiscal year ending March 2023, it forecasts consolidated net sales of ¥80,700 million, consolidated operating profit of ¥326 million and consolidated ordinary profit of ¥370 million.」
The earnings forecast, which had been left undetermined because of the uncertain external environment, was published based on the first-half results and forward-looking information. However, the company continues to state that actual results may differ from the forecast figures. - FY2023-Q1RestatedAnnual report
「The consolidated earnings forecast remains undetermined because, in addition to the uncertain economic environment, including the sharp depreciation of the yen in the foreign exchange market and geopolitical risks such as the situation in Ukraine, it is extremely difficult at this point to calculate the impact on the Group's operating results of trends in raw material prices, including edible oil, the Group's principal raw material, and energy costs. We will promptly publish the forecast once it becomes reasonably predictable.」
The consolidated earnings forecast remains undetermined due to the weak yen, the situation in Ukraine, and uncertainty regarding raw material prices and energy costs. - FY2022WorsenedAnnual report
「For the fiscal year ending March 2023, the economic outlook remains uncertain due to geopolitical risks, including the sharp depreciation of the yen in the foreign exchange market and the situation in Ukraine. In addition, given trends in the prices of raw materials, including edible oil, the Company’s main raw material, and energy costs, it is extremely difficult at present to calculate the impact on the Group’s results, and the outlook is therefore undetermined.」
The company has stated that the targets and forecasts for the following fiscal year remain undetermined due to new uncertainties in the external environment, making it impossible to calculate the plan figures. - FY2022-Q3RestatedAnnual report
「As initially published, we forecast consolidated net sales of ¥73,200 million, operating profit of ¥1,430 million, ordinary profit of ¥1,500 million, and net income attributable to owners of the parent of ¥1,050 million for the full fiscal year ending March 2022.」
The full-year earnings forecast for the fiscal year ending March 2022 remains unchanged from the initial publication. The company continues to state that actual results may differ from the forecast figures. - FY2022-Q2RestatedAnnual report
「As initially published, we forecast consolidated net sales of ¥73,200 million, operating profit of ¥1,430 million, ordinary profit of ¥1,500 million, and net income attributable to owners of the parent of ¥1,050 million for the full fiscal year ending March 2022.” “Actual results may differ from the forecast figures due to various factors in the future.」
The full-year earnings forecast for the fiscal year ending March 2022 remains unchanged from the initial publication, and the company continues to disclose that forecast figures may differ from actual results. - FY2022-Q1RestatedAnnual report
「(Note) The above earnings forecast was prepared based on information available as of the date of submission of this quarterly report, and actual results may differ from the forecast figures due to various factors in the future.」
The company published its earnings forecast for the fiscal year ending March 2022 while continuing to disclose the risk that forecast figures may differ from actual results due to various factors in the future. - FY2021ReframedAnnual report
「Our Group formulated a new medium-term management plan aimed at further growth, but if changes with a significant impact on the business environment, including the business conditions of business partners and economic conditions, occur and differ from the assumptions made when the new plan was formulated, the Group may be unable to achieve its target figures.」
The risk of failing to achieve targets has shifted from KENKO Value Action to the new medium-term management plan. - FY2021-Q3RestatedAnnual report
「There has been no change to the consolidated earnings forecast published in the notice entitled “Publication of the Earnings Forecast for the Fiscal Year Ending March 2021” dated 11 August 2020.」
The company has maintained its published earnings forecast for the fiscal year ending March 2021 despite the pandemic, and the existing uncertainty that actual results may differ from the forecast figures continues. - FY2021-Q2RestatedAnnual report
「There has been no change to the consolidated earnings forecast published in the notice entitled “Publication of the Earnings Forecast for the Fiscal Year Ending March 2021” dated 11 August 2020. For the earnings forecast, although second-quarter net sales declined by slightly more than 11% year on year, we expect the decline in full-year net sales to recover to within 10% year on year, assuming that economic activity will gradually improve from the third quarter onward. For the full fiscal year ending March 2021, we forecast consolidated net sales of ¥68,000 million, operating profit of ¥2,100 million, ordinary profit of ¥2,040 million, and net income attributable to owners of the parent of ¥1,320 million.」
Despite the second-quarter decline in net sales, the full-year earnings forecast for the fiscal year ending March 2021 remains unchanged, based on the assumption that economic activity will improve from the third quarter onward. - FY2021-Q1Publication of earnings forecastsAnnual report
「The consolidated earnings forecast for the fiscal year ending March 2021 had been left undetermined because it was difficult to reasonably calculate the impact of COVID-19. However, following the finalization of Our Group's first-quarter results for the fiscal year ending March 2021 and based on currently available forward-looking information and other data, we have published a consolidated earnings forecast.」
The full-year earnings forecast, which had been left undetermined due to the impact of the infection, was published based on the first-quarter results and forward-looking information. - FY2020WorsenedAnnual report
「The medium-term management plan set target figures of ¥85,000 million for consolidated net sales and ¥4,600 million for consolidated ordinary profit in the final year, the fiscal year ending March 2021. However, the timing of the containment of COVID-19 and the subsequent pace of economic recovery remain uncertain, making it difficult at this point to reasonably calculate the impact on the Group's operating results, so the figures remain undetermined.」
The timing of containment of the infection and the pace of economic recovery underlying the medium-term management plan became uncertain, and the previous numerical targets were left undetermined. The risk of failing to achieve the targets has emerged as a more specific uncertainty, but this does not state that failure to achieve the targets has been determined. - FY2020-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new risks or material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2020-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new risks or material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2019RestatedAnnual report
「If changes with a significant impact on the business environment, including the business conditions of business partners and economic conditions, occur and differ from the assumptions made when the medium-term management plan was formulated, the company may be unable to achieve its target figures.」
For the new medium-term management plan, the risk of failing to achieve the targets if the business environment changes from the underlying assumptions continues to apply. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new risks or material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new risks or material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2018ReframedAnnual report
「Our Group has formulated a medium-term management plan aimed at further growth, but if changes with a significant impact on the business environment, including the business conditions of business partners and economic conditions, occur and differ from the assumptions made when the plan was formulated, the Group may be unable to achieve its target figures.」
The risk of failing to achieve targets has shifted from the previous plan to the new medium-term management plan. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2018-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new risks or material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2017RestatedAnnual report
「If changes with a significant impact on the business environment, including the business conditions of business partners and economic conditions, occur and differ from the assumptions made when the medium-term management plan was formulated, the company may be unable to achieve its target figures.」
The risk of failing to achieve the targets if the business environment differs from the assumptions underlying the medium-term management plan continues to apply. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of failing to achieve the targets of the medium-term management plan. - FY2016First statedAnnual report
「If changes with a significant impact on the business environment, including the business conditions of business partners and economic conditions, occur and differ from the assumptions made when the medium-term management plan was formulated, the company may be unable to achieve its target figures.」
It indicates that if the business environment changes from the assumptions made when the plan was formulated, the company may be unable to achieve the target figures for the fiscal year ending March 2018.