Komori
J-Max (3422) · InitiativeSoftenedLatest Earnings (2026-08-06): "Restated"

Rebuilding Earnings and the Financial Position through the 丸順 Structural Reform Plan

First written in FY2016. 22 of 33 entries say "Restated". Latest entry: 2026-08-06.

33entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q2 – FY2020-Q3RestatedFY2021-Q2 – FY2023-Q3ReframedFY2024 – FY20262016: 320162017: 420172018: 320182019: 320192020: 320202021: 220212022: 520222023: 320232024: 320242025: 120252026: 32026
Same theme, other companies
Earnings Stabilization Through Cross-Functional Business Structural ReformA theme 126 companies write about · 2 as a headwind · 126 as a tailwind

J-Max moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).

21 other companies' latest entry also says "Restated".

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 126 companies compared. The sentences above are computed from all 126.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06RestatedEarnings

    「In the fourth year of our medium- to long-term five-year plan, the Group has worked to strengthen existing businesses and create new businesses centered on the electrification field.」

    In the fourth year of the medium- to long-term five-year plan, the company continues to strengthen existing businesses and create new businesses centered on electrification.
  2. FY2026SoftenedAnnual report

    「The Group has set net sales, operating income and ROA (return on assets) as KPIs (key performance indicators) in its medium- to long-term five-year plan, with the aim of achieving sustainable growth through business expansion and highly efficient operations. However, owing to changes in the business environment resulting from the shift toward electrification in the automotive industry in recent years, achievement of the targets is expected to be delayed by approximately 3 years from the original schedule.」

    While the basic policy of J-VISION 30 and the shift toward electrification and weight reduction remain unchanged, the company explicitly stated that the timing for achieving the KPI targets would be delayed by approximately 3 years from the original schedule.
  3. 2026-06-02SoftenedGeneral Meetings of Shareholders

    「Achievement of the targets is expected to be delayed by approximately 3 years from the original schedule.」

    The company added that achievement of the KPIs in its medium- to long-term five-year plan would be delayed by approximately 3 years from the original schedule.
  4. FY2026-H1ReframedAnnual report

    「Against this backdrop, as the third year of the medium- to long-term five-year plan, our group worked to strengthen existing businesses and create new businesses centered on the electrification field.」

    As the third year of the medium- to long-term five-year plan, the company has redefined the plan's focus, shifting from the previous wording of transforming into an electrification-focused supplier and pursuing business structural reform to strengthening existing businesses and creating new businesses centered on the electrification field.
  5. FY2025-H1ReframedAnnual report

    「Against this backdrop, as the second year of the medium- to long-term five-year plan, our group worked to transform itself into an electrification-focused supplier centered on electrification and weight reduction, with the construction of a sustainable corporate structure through business structural reform as a key priority.」

    As the second year of the new medium- to long-term five-year plan, the company has specified its priority themes, shifting from the previous wording of strengthening existing and new businesses to transforming into a supplier focused on electrification and weight reduction and building a sustainable corporate structure through business structural reform.
  6. FY2024ReframedAnnual report

    「Our group launched a new medium- to long-term five-year plan, J-VISION 30, beginning in the fiscal year ending March 2024.」

    The company has transitioned from the previous medium- to long-term five-year plan to J-VISION 30, a plan with a designated name. It sets 7 basic strategies aimed at becoming a sustainable company with a 100-year history by refining the technologies of existing businesses and exploring and pursuing new businesses.
  7. FY2024-Q3RestatedAnnual report

    「Against this backdrop, our group launched a medium- to long-term five-year plan for which the current consolidated fiscal year is the first year, and worked to strengthen existing businesses and create new businesses.」

    As the first year of the new medium- to long-term five-year plan, the company continues to strengthen existing businesses and create new businesses.
  8. FY2024-Q2RestatedAnnual report

    「Against this backdrop, our group launched a medium- to long-term five-year plan for which the current consolidated fiscal year is the first year, and worked to strengthen existing businesses and create new businesses.」

    The new medium- to long-term five-year plan launched in FY2024-Q1 continues to be implemented. There has been no substantive change in its direction of strengthening existing businesses and creating new businesses.
  9. FY2024-Q1ReframedAnnual report

    「Against this backdrop, our group launched a medium- to long-term five-year plan for which the current consolidated fiscal year is the first year, and worked to strengthen existing businesses and create new businesses.」

    The company has transitioned from the final year of the previous medium- to long-term five-year plan to the first year of a new medium- to long-term five-year plan. The focus is on strengthening existing businesses and creating new businesses.
  10. FY2023-Q3RestatedAnnual report

    「Against this backdrop, as the final year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    As the final year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position.
  11. FY2023-Q2RestatedAnnual report

    「Against this backdrop, as the final year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    As the final year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position.
  12. FY2023-Q1RestatedAnnual report

    「Against this backdrop, as the final year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    As the final year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position.
  13. FY2022RestatedAnnual report

    「In 2022, as we complete the final year of the medium- to long-term five-year plan, we are working to establish a foundation for competitiveness and build a stable financial position. At the same time, we are advancing initiatives for new growth under the next medium- to long-term plan and working to further strengthen our management foundation.」

    The company is simultaneously completing the final year and preparing to transition to the next plan.
  14. FY2022RestatedAnnual report

    「Amid these changes in the market environment, we are implementing the medium- to long-term five-year plan. In 2022, as we complete the final year of the plan, we are working to establish a foundation for competitiveness and build a stable financial position. At the same time, we are advancing initiatives for new growth under the next medium- to long-term plan and working to further strengthen our management foundation.」

    The company reaffirmed that it is simultaneously completing the final year of the medium- to long-term five-year plan and advancing new growth measures for the next plan. No specific completion milestones are indicated.
  15. FY2022-Q3RestatedAnnual report

    「Against this backdrop, as the fourth year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    As the fourth year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position.
  16. FY2022-Q1RestatedAnnual report

    「Against this backdrop, as the fourth year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    The medium- to long-term five-year plan has advanced from its third year to its fourth year, with the company continuing to pursue the establishment of a foundation for competitiveness and improvement of its financial position. No specific new milestones are indicated.
  17. FY2021-Q3RestatedAnnual report

    「Against this backdrop, as the third year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    As the third year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position.
  18. FY2021-Q2RestatedAnnual report

    「Against this backdrop, as the third year of the medium- to long-term five-year plan, our group has worked to establish a foundation for competitiveness and strengthen its financial position.」

    As the third year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position. No new plan changes or completed items are indicated.
  19. FY2020AchievedAnnual report

    「After completing the three-year structural reform period from 2015 to 2017, our group is working to further enhance corporate value and achieve sustainable growth.」

    The company explicitly states that, following the end of the structural reform period from 2015 to 2017, it has moved from a phase centered on the structural reform plan to a phase focused on its medium- to long-term growth vision.
  20. FY2020-Q3RestatedAnnual report

    「Against this backdrop, as the second year of the medium- to long-term five-year plan, our group is working to establish a foundation for competitiveness and strengthen its financial position.」

    As the second year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position. No new plan changes or completed items are indicated.
  21. FY2020-Q2RestatedAnnual report

    「Against this backdrop, as the second year of the medium- to long-term five-year plan, our group is working to establish a foundation for competitiveness and strengthen its financial position.」

    As the second year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position. No new completed items or specific milestones are indicated.
  22. FY2020-Q1RestatedAnnual report

    「Against this backdrop, as the second year of the medium- to long-term five-year plan, our group is working to establish a foundation for competitiveness and strengthen its financial position.」

    As the second year of the medium- to long-term five-year plan, the company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position. No new achievements are indicated.
  23. FY2019-Q3RestatedAnnual report

    「Against this backdrop, our group launched a medium- to long-term five-year plan for which the current consolidated fiscal year is the first year, and has worked to establish a foundation for competitiveness and strengthen its financial position.」

    The company continues to pursue the establishment of a foundation for competitiveness and improvement of its financial position under the medium- to long-term five-year plan. No new plan changes or completed items are indicated.
  24. FY2019-Q2RestatedAnnual report

    「Against this backdrop, our group launched a medium- to long-term five-year plan for which the current consolidated fiscal year is the first year, and has worked to establish a foundation for competitiveness and strengthen its financial position.」

    The medium- to long-term five-year plan, which began in the fiscal year ending March 2019, continues to be implemented. It focuses on establishing a foundation for competitiveness and strengthening the financial position, but no new milestones are indicated.
  25. FY2019-Q1ReframedAnnual report

    「Against this backdrop, our group launched a medium- to long-term five-year plan for which the current consolidated fiscal year is the first year, and has worked to establish a foundation for competitiveness and strengthen its financial position.」

    Management priorities have shifted from the final-year measures of the previous 丸順 Structural Reform Plan to the medium- to long-term five-year plan, which began in the fiscal year ending March 2019.
  26. FY2018-Q3RestatedAnnual report

    「Against this backdrop, our group is completing the final year of the 丸順 Structural Reform Plan for sustainable corporate growth, while also making steady progress on initiatives for medium- to long-term growth.」

    The structural reform plan continues as the final-year completion phase. No completion of structural reform measures or new milestones is indicated.
  27. FY2018-Q2RestatedAnnual report

    「To address these circumstances, we have promoted the 丸順 Structural Reform Plan since the fiscal year ended March 2016, pursuing transformation of our business portfolio by concentrating management resources and building a stronger underlying business structure through asset sales, personnel reductions and plant consolidation. Against this backdrop, our group is completing the final year of the 丸順 Structural Reform Plan for sustainable corporate growth, while also making steady progress on initiatives for medium- to long-term growth.」

    The structural reform plan continues as the final-year completion phase. Specific measures are also reiterated, but no newly completed items are indicated in this filing.
  28. FY2018-Q1RestatedAnnual report

    「To address these circumstances, we have promoted the 丸順 Structural Reform Plan since the fiscal year ended March 2016, pursuing transformation of our business portfolio by concentrating management resources and building a stronger underlying business structure through asset sales, personnel reductions and plant consolidation. Against this backdrop, our group is completing the final year of the 丸順 Structural Reform Plan to make an early recovery from our difficult earnings situation and achieve sustainable corporate growth.」

    The structural reform plan continues as the final-year completion phase. Measures including the concentration of management resources, asset sales, personnel reductions and plant consolidation are also reiterated.
  29. FY2017AdvancedAnnual report

    「To overcome this difficult earnings situation and enable sustainable growth, we are addressing the 丸順 Structural Reform Plan as our highest-priority issue and are completing the final year of the plan. At the same time, as part of our business strategy for medium- to long-term growth, we are working to expand our engineering business, precision and battery-related components business, and research and development.」

    The structural reform plan was positioned as being in the final stage of completion in its final year, with fixed-cost reductions and manufacturing-cost reductions continuing. Operating income, ordinary income and profit attributable to owners of the parent for the fiscal year all increased.
  30. FY2017-Q3RestatedAnnual report

    「To address these circumstances, in accordance with the 丸順 Structural Reform Plan formulated in the previous consolidated fiscal year, we continued during the cumulative first three quarters of the current consolidated fiscal year to transform our business portfolio by concentrating management resources and to build a stronger underlying business structure through asset sales, personnel reductions and plant consolidation. We also withdrew from unprofitable businesses and reduced fixed costs.」

    The company continued implementing the measures under the 丸順 Structural Reform Plan. Operating income, ordinary income and profit attributable to owners of the parent for the quarter were all positive, but no new measure completion or separate milestone was indicated.
  31. FY2017-Q2RestatedAnnual report

    「Against this backdrop, our group continues to promote the 丸順 Structural Reform Plan to make an early recovery from our difficult earnings situation and achieve sustainable corporate growth.」

    The company reaffirmed its continued implementation of the 丸順 Structural Reform Plan. Concentrating management resources, selling assets, reducing personnel, consolidating plants, withdrawing from unprofitable businesses, and cutting fixed costs remain listed as measures.
  32. FY2017-Q1AdvancedAnnual report

    「To address these circumstances, in accordance with the 丸順 Structural Reform Plan formulated in the previous consolidated fiscal year, we continued during the cumulative first quarter of the current consolidated fiscal year to transform our business portfolio by concentrating management resources and to build a stronger underlying business structure through asset sales, personnel reductions and plant consolidation. We also withdrew from unprofitable businesses and reduced fixed costs. As a result, as in the previous consolidated fiscal year, both operating income and ordinary income remained positive during the cumulative first quarter of the current consolidated fiscal year, and profit attributable to owners of the parent for the quarter was also positive.」

    The company continued implementing its structural reform measures. In addition to maintaining positive operating income and ordinary income, profit attributable to owners of the parent for the quarter was also positive at ¥131 million.
  33. FY2016First statedAnnual report

    「Against this backdrop, we continue to promote the 丸順 Structural Reform Plan to make an early recovery from our difficult earnings situation and achieve sustainable corporate growth.」

    The measures include concentrating management resources, selling assets, reducing personnel, consolidating plants, withdrawing from unprofitable businesses, and cutting fixed costs.
Moved together

"Improved profitability and return to profitability for operating profit and ordinary profit" moved the same way as this thread, in the same document, in 6 of its 32 moves.

665333★123456
  1. ★This thread
  2. 1Improved profitability and return to profitability for operating profit and ordinary profit6×
  3. 2High Reliance on Borrowings and Rising Borrowing Rates6×
  4. 3Automotive lightweighting and electrification through “Dreams Through Technology,” strengthening the foundations of competitiveness and the financial position5×
  5. 4Expanding the Customer Base in Thailand and Improving Production Capabilities at the China Site3×
  6. 5Achieving a consolidated equity ratio of 40.0% or higher3×
  7. 6Fluctuations in Economic Conditions in Japan, North America and Asia3×

★ 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 J-Max yet. It last moved in the Earnings of 2026-08-06: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.