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Asahi (3333) · TargetContinued Failure to Meet the Operating Margin TargetLatest Earnings (2026-04-03): "Worsened"

Achieving an ordinary profit margin on sales of approximately 8%

First written in FY2018. 2 of 9 entries say "Restated". Latest entry: 2026-04-03.

9entries
9years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018 – FY2020OtherFY2023 – FY20252018: 120182019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 120252026: 1
Same theme, other companies
Target for improving the ordinary profit margin on salesA theme 66 companies write about · 2 as a headwind · 65 as a tailwind

Asahi moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).

The whole theme swung hardest in 2018: 4 of 48 companies on the "Worse" side.

5 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 66 companies compared. The sentences above are computed from all 66.
Full recordFilings, disclosures and news, newest first
  1. 2026-04-03WorsenedEarnings

    「Operating margin 4.8 6.7」

    Against the target operating margin of 8% of sales, the actual margin for the fiscal year ending February 2026 was 4.8%, down from 6.7% the previous year.
  2. FY2025Continued Failure to Meet the Operating Margin TargetAnnual report

    「③Operating margin Because sales of bicycles and bicycle-related products account for most of the company's business, the company places importance on operating margin, which clearly reflects the profitability of its core business. It has set 8% as its near-term target and will work to improve operating margin through more efficient operations.」

    The Company continues to target an operating margin of 8% of revenue. The operating margin for the fiscal year ended February 2025 was approximately 6.7%, calculated from the disclosed operating income and revenue, and fell short of the target.
  3. FY2024Continued Failure to Meet the Operating Margin TargetAnnual report

    「Because bicycle and bicycle-related product sales account for most of our business, we focus on the operating margin, which clearly reflects the profitability of our core business. We have set 8% as our near-term target and will work to improve the operating margin through more efficient operations.」

    The company has maintained its target operating margin of 8% of net sales, but the operating margin for the fiscal year was approximately 6.3%, down from approximately 6.9% in the previous fiscal year.
  4. FY2023Operating margin target missedAnnual report

    「Because bicycle and bicycle-related product sales account for most of our business, we focus on the operating margin, which clearly reflects the profitability of our core business. We have set 8% as our near-term target and will work to improve the operating margin through more efficient operations.」

    The target operating margin of 8% of sales remains unchanged, but the operating margin for the fiscal year was approximately 6.9%.
  5. FY2022ReframedAnnual report

    「③Operating margin Because sales of bicycles and bicycle-related products account for most of the company's business, the company places importance on operating margin, which clearly reflects the profitability of its core business. It has set 8% as its near-term target and will work to improve operating margin through more efficient operations.」

    The profitability indicator has been changed from the ordinary profit margin to the operating profit margin. The actual operating profit margin was approximately 7.3%, below the near-term target of 8%.
  6. FY2021AchievedAnnual report

    「The Company focuses on the ordinary income margin, which clearly reflects the profitability of its core business, and will work to raise the ordinary income margin through more efficient operations, with a target of 8%. Net sales      ¥69,456,001 thousand    (up 16.0% year on year) Ordinary income    ¥7,326,626 thousand    (up 72.5% year on year)」

    For the target ordinary profit margin of 8% of sales, sales and ordinary profit for the current period both exceeded the target levels.
  7. FY2020RestatedAnnual report

    「Because bicycle and bicycle-related product sales account for most of our business, we place importance on the ordinary profit margin on sales, which clearly reflects the profitability of our core business, and will work to improve the ordinary profit margin through more efficient operations, with a target of 8%.」

    The Company continues to target an ordinary profit margin of 8% of net sales and maintains its policy of improving performance through efficient operations.
  8. FY2019RestatedAnnual report

    「③ Ordinary profit margin to sales Because sales of bicycles and bicycle-related products account for most of the company's business, we place importance on the ordinary profit margin to sales, which clearly reflects the profitability of our core business, and will work to improve the ordinary profit margin through more efficient operations, with a target of 8%.」

    The company maintains its target of an ordinary profit margin of 8% and its policy of improving performance through efficient operations. The actual ordinary profit margin was 7.0%.
  9. FY2018First statedAnnual report

    「We place importance on the ordinary profit margin on revenue, which clearly reflects the profitability of our core business, and will work to improve the ordinary profit margin through more efficient operations, targeting approximately 8%.」

    The company has set a profitability target of an ordinary income margin of approximately 8% of sales, with efficient operations as the means of achieving it.
Moved together

"Risks Related to New Store Opening Costs, Properties and Deposit Recovery" moved the same way as this thread, in the same document, in 2 of its 9 moves.

22★12
  1. ★This thread
  2. 1Risks Related to New Store Opening Costs, Properties and Deposit Recovery2×
  3. 2Risk of fixed asset impairment due to declining profitability at stores and other locations2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Asahi yet. It last moved in the Earnings of 2026-04-03: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Achieving an ordinary profit margin on sales of approximately 8% | ASAHI CO.,LTD. (3333) | Komori