Growth investment, strengthening competitiveness, and strengthening the management foundation under Project AP-G 2022
First written in FY2020. 6 of 11 entries say "Restated". Latest entry: FY2023.
5 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「Under the medium-term management challenge “Project AP-G 2022,” covering the 3 years from FY2020 to FY2022, the company has pursued the expansion of business through proactive investment while positioning the Green Innovation (GR) business, which contributes to resolving global environmental, resource and energy issues, and the Life Innovation (LI) business, which contributes to improving healthcare, promoting healthy longevity and advancing public health, as growth fields. At the same time, it has pursued business structural reform to enable its growth strategy and strengthened its financial structure in tandem.」
After completing the 3-year planning period for AP-G 2022, the company reviewed its initiatives. Revenue was ¥2,489.3 billion and business profit was ¥96.0 billion, below the FY2022 targets of ¥2,600.0 billion and ¥180.0 billion, respectively, while free cash flow of ¥237.3 billion and a D/E ratio of 0.62 exceeded the targets. - FY2023-Q3RestatedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
Although the 3 basic strategies of AP-G 2022 continue to be implemented, this quarterly report presents neither new target figures nor changes to the plan. - FY2023-Q2RestatedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
Although the basic strategies of AP-G 2022 continue to be implemented, this quarterly report presents neither revisions to the FY2022 targets nor new numerical targets. - FY2022SoftenedAnnual report
「As a result, business profit for FY2022 is expected to decline by ¥40 billion from the target.」
The outlook for AP-G 2022 in FY2022 is revenue of ¥2.5 trillion and business profit of ¥140 billion, below the targets of ¥2.6 trillion in revenue and ¥180 billion in business profit. - FY2022-Q2RestatedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
AP-G 2022 continues to be pursued as a medium-term management challenge aimed at sustainable and sound growth, with global expansion in growth fields, enhanced competitiveness and a stronger management foundation as its basic strategies. - FY2022-Q1RestatedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
AP-G 2022 continues to be implemented, with global expansion in growth fields, enhanced competitiveness and a stronger management foundation as its basic strategies. - FY2021AdvancedAnnual report
「FY2020 results ¥1,883.6 billion ¥90.3 billion 4.8% 3.9% 3.2% ¥113.7 billion 0.79 31% FY2022 targets ¥2,600.0 billion ¥180.0 billion 7% approximately 9% approximately 7% at least ¥120.0 billion (cumulative over 3 years) approximately 0.8 (guideline) approximately 30%」
For AP-G 2022, actual results and FY2022 targets for revenue, business profit, profit margins, ROE, ROA, free cash flow, the D/E ratio and the dividend payout ratio are compared to quantify progress against the plan. - FY2021-Q3RestatedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
AP-G 2022 continues to be implemented, together with its 3 basic strategies, as a medium-term management challenge aimed at sustainable and sound growth. - FY2021-Q2RestatedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
AP-G 2022 remains a medium-term management challenge centered on its 3 basic strategies, including for the cumulative second-quarter period. - FY2021-Q1AdvancedAnnual report
「Against this business backdrop, in May 2020 the Toray Group launched a new management agenda, “Project AP-G 2022,” aimed at “sustained and sound growth,” with “global expansion in growth fields,” “strengthening competitiveness” and “strengthening the management foundation” as its basic strategies.」
AP-G 2022 began in May 2020 and entered the execution phase for its 3 basic strategies. - FY2020First statedAnnual report
「Under the medium-term management challenge “Project AP-G 2022 (AP-G 2022),” the Toray Group seeks to maximize the value created over the medium to long term across the Group by maintaining the basic strategy of “business expansion through proactive investment” set out in “Project AP-G 2019,” while pursuing in tandem enhanced competitiveness, including ongoing business model innovation and total cost reductions to enable the growth strategy, and a stronger management foundation to enable growth investment through improved efficiency of invested capital and financial strength.」
As the new medium-term plan following AP-G 2019, the company established global expansion in growth fields, enhanced competitiveness and a stronger management foundation as its 3 basic strategies. FY2022 targets are revenue of ¥2.6 trillion, operating profit and business profit of ¥180 billion, operating and business profit margins of 6.9%, ROA of approximately 7%, ROE of approximately 9%, cumulative free cash flow of at least ¥120 billion over 3 years, a D/E ratio of approximately 0.8 and a dividend payout ratio of approximately 30%.