Management metric targets, including ROE of 15% or higher and an operating margin of 8%
First written in FY2017. 3 of 7 entries say "Softened", first in FY2018. Latest entry: FY2026.
Chimney moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
34 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our top priority for the time being is to improve net assets, which deteriorated amid the COVID-19 pandemic, and establish a structure capable of generating stable profits even as labor costs and prices continue to rise. We will then formulate the various target indicators.」
The company does not re-state specific indicators such as ROE and operating margin. It continues its policy of formulating the various indicators after prioritizing the improvement of net assets and the generation of stable profits. - FY2025RestatedAnnual report
「For the consolidated fiscal year, as in the previous consolidated fiscal year, we achieved positive operating profit. However, difficult conditions are expected to continue in the izakaya industry, and we recognize that our top priority for the time being is to improve net assets, which deteriorated amid the COVID-19 pandemic, and establish a structure capable of generating stable profits. We will then reformulate the target indicators.」
The company does not re-state its previous specific targets for ROE and operating margin. It continues to prioritize improving net assets and generating stable profits, with the policy of reformulating the indicators thereafter. - FY2022SoftenedAnnual report
「As a result, under the three-year medium-term management plan from the fiscal year ending March 2020, ROE was 21.4% against a target of at least 8.0%, while the operating margin was negative 45.3% against a target of at least 6.5%. In addition, the company resumed its year-end dividend for the consolidated fiscal year, bringing the annual dividend to ¥10.00 per share and the dividend payout ratio to 15.7%, against a target of 25.0%. The company recognizes that its top priority for the time being is to improve operating profit, net income and net assets. It will then formulate these target indicators again.」
After presenting the targets and actual results under the three-year medium-term plan, the company states that it will prioritize improving earnings and net assets for the time being and then reformulate its target indicators. This marks a shift from continuing the previous specific targets to reformulating them. - FY2021RestatedAnnual report
「From the fiscal year ending March 2020, we will pursue ROE (return on equity) of at least 8.0% and an operating margin of at least 6.5% as management target indicators under the new three-year medium-term management plan.」
The company continues to maintain its medium-term targets of ROE of at least 8.0% and an operating margin of at least 6.5%. However, actual results for the period were negative ROE of 94.9% and a negative operating margin of 46.1%, indicating that the targets were not achieved. - FY2019SoftenedAnnual report
「Although difficult conditions are expected to continue in the izakaya industry, from the fiscal year ending March 2020 we will pursue ROE (return on equity) of at least 8.0% and an operating margin of at least 6.5% as management target indicators under the new three-year medium-term management plan.」
Under the new three-year medium-term plan, the targets were lowered from ROE of more than 10% and an operating margin of 8% to ROE of at least 8% and an operating margin of at least 6.5%. The fiscal year ending March 2020 was identified as the start of the new targets. - FY2018SoftenedAnnual report
「As profitability indicators for efficient management, we are working toward ROE (return on equity) of more than 10% and an operating margin of 8%. Our other targets are same-store sales of 100% of the previous year's level and a stable dividend with a payout ratio of approximately 25%.」
The ROE target was lowered from at least 15% to more than 10%. The targets of an 8% operating margin, same-store sales at 100% of the previous year's level and a 25% dividend payout ratio remain unchanged. Actual results were ROE of 10.2%, an operating margin of 6.6%, same-store sales at 96.6% of the previous year's level and a dividend payout ratio of 26.8%. - FY2017First statedAnnual report
「Our group aims to continue expanding its business and further increasing corporate value. As profitability indicators for efficient management, we are working toward ROE (return on equity) of at least 15% and an operating margin of 8%, while our other targets are same-store sales of 100% of the previous year's level and a stable dividend with a payout ratio of approximately 25%.」
The company has set specific numerical targets for ROE, operating margin, same-store sales and the dividend payout ratio.