Policy to Adopt Consolidated Operating Profit as a New Management Target Metric
First written in FY2019. 4 of 13 entries say "Softened", first in FY2025. Latest entry: 2026-10-13.
Phil Company moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2025SoftenedAnnual report
「The targets for the fiscal year ending November 2026 are consolidated revenue of ¥10,000 million, consolidated operating profit of ¥800 million, 1,900 inquiries, 380 proposals and 74 contract orders.」
The company changed the previously announced targets for the fiscal year ending November 2026, which were consolidated revenue of ¥15,000 million, consolidated operating profit of ¥1,200 million, ROE of 20%, 4,000 inquiries, 450 proposals, 90 contract orders and 130 employees, by lowering the target levels for revenue, operating profit and operating KPIs and omitting the targets for ROE and employees. - FY2024RestatedAnnual report
「The targets for the fiscal year ending November 2026 are consolidated revenue of ¥15 billion, consolidated operating profit of ¥1.2 billion, ROE of 20%, 4,000 inquiries, 450 proposals, 90 contract orders, and 130 employees.」
The company continues to set management targets for the fiscal year ending November 2026 comprising revenue, operating profit, ROE, operating KPIs and employees. - FY2023ReframedAnnual report
「The objective key performance indicators (KPIs) for assessing the achievement of the group’s management targets are consolidated revenue, consolidated operating profit, ROE, inquiries, proposals, contract orders and employees. The targets for the fiscal year ending November 2026 are consolidated revenue of ¥15,000 million, consolidated operating profit of ¥1,200 million, ROE of 20%, 4,000 inquiries, 450 proposals, 90 contract orders and 130 employees.」
The company reorganized its management targets from metrics centered on operating profit and ordinary profit into seven metrics including revenue, operating profit, ROE, operating KPIs and employees, and set numerical targets for the fiscal year ending November 2026. - FY2021ReframedAnnual report
「The objective metrics for assessing the achievement of the group’s management targets are consolidated revenue, consolidated operating profit, consolidated ordinary profit and TSR (total shareholder return) growth. The targets for the fiscal year ending November 2022 are consolidated revenue of ¥5,500 million, consolidated operating profit of ¥140 million and consolidated ordinary profit of ¥130 million.」
The company reorganized its previous operating-profit-focused metrics into four metrics by adding consolidated revenue and TSR growth, and set numerical targets for the fiscal year ending November 2022. - FY2021-Q3AdvancedAnnual report
「For the nine-month period ended in the third quarter of the consolidated fiscal year under review, revenue was ¥3,882.457 million, up 57.2% year on year, operating profit was ¥814.209 million, compared with an operating loss of ¥99.501 million in the same period of the previous year, and ordinary profit was ¥804.685 million, compared with an ordinary loss of ¥109.071 million.」
For the nine-month period of the fiscal year ending November 2021, operating profit was ¥814.209 million and ordinary profit was ¥804.685 million. These exceeded the full-year targets of ¥200 million each set in FY2020, but the disclosure does not state that the full-year targets had been achieved. - FY2021-Q2AdvancedAnnual report
「For the six-month period ended in the second quarter of the consolidated fiscal year under review, revenue was ¥2,111.160 million, up 97.5% year on year, operating profit was ¥234.576 million, compared with an operating loss of ¥204.159 million in the same period of the previous year, and ordinary profit was ¥227.828 million, compared with an ordinary loss of ¥209.503 million. Operating profit, ordinary profit and net profit attributable to owners of the parent for the six-month period reached record highs.」
Against full-year targets of ¥200 million each for operating profit and ordinary profit in the fiscal year ending November 2021, operating profit was ¥234.576 million and ordinary profit was ¥227.828 million for the six-month period. The disclosure does not state that the full-year targets had been achieved. - FY2020AdvancedAnnual report
「The targets for the fiscal year ending November 2021 were consolidated operating profit of ¥200 million and consolidated ordinary profit of ¥200 million.」
In addition to consolidated operating profit, the company explicitly identified consolidated ordinary profit as an objective metric and set each target for the fiscal year ending November 2021 at ¥200 million. - FY2019First statedAnnual report
「The objective metrics for assessing the achievement of the group’s management targets are consolidated operating profit.」
The company indicated a policy of using consolidated operating profit as an objective management metric going forward, instead of the previous target-management approach based on consolidated ordinary profit.