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Management planning3544SATUDORA HOLDINGS CO.,LTD.Retail

Notice Regarding the Withdrawal of the Medium-Term Management Plan

The three-year medium-term management plan for the fiscal years ending May 2026 through May 2028, announced on 20 June 2025, has been withdrawn because intensifying competition and the downward revision to the earnings forecast made the plan's achievability in its final year uncertain.

Worth reading
45Recurring
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
—
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Wording
Avoiding a definitive answer
How definitive the wording is.

Items stated in the management plan

Withdrawn
Medium-Term Management PlanPlan period From the fiscal year ending May 2026 through the fiscal year ending May 2028
Date of board resolution 19 June 2026 · Publication date 19 June 2026
ROEROE above 10% → Withdrawn
Only the target level is shown because the current level for comparison was not provided.
Sales TargetNot disclosed → Withdrawn
Operating profit targetNot disclosed → Withdrawn
Operating profit margin targetNot disclosed → Withdrawn
Net income targetNot disclosed → Withdrawn
ROIC targetNot disclosed → WithdrawnROIC is the percentage of profit generated from money invested in the business, including borrowings.
What happened to the previous planROE above 10% → Not disclosed
Key initiatives
01Review of the earnings structure
02Securing Specialized Talent
03Investment in DX and systems
Risks identified by the company
Intensifying competition in the drugstore industry
Weaker-than-expected inbound demand
Customer traffic falling below expectations
Initiatives to improve the gross profit margin failing to produce the expected results
Divergence from the underlying assumptions at the time the medium-term management plan was formulated
Increasing uncertainty regarding the achievability of the medium-term management plan through its final year
Reason for revision or withdrawal

The full-year consolidated earnings forecast for the fiscal year ending May 2026 was revised downward because customer traffic fell below expectations due to intensifying competition in the drugstore industry and weaker-than-expected inbound demand, among other factors, and initiatives to improve the gross profit margin did not produce the expected results. In addition, company-wide reforms, including a review of the earnings structure, securing specialized personnel, and investment in DX and systems, became necessary. As the underlying conditions therefore differed substantially from those at the time the medium-term management plan was formulated, its achievability through the final year became uncertain.

Items stated in the management plan
ItemDetails
Plan nameMedium-Term Management Plan
Plan periodFrom the fiscal year ending May 2026 through the fiscal year ending May 2028
Progress against the planWithdrawn
Sales TargetNot disclosed → Withdrawn
Operating profit targetNot disclosed → Withdrawn
Operating profit margin targetNot disclosed → Withdrawn
Net income targetNot disclosed → Withdrawn
ROE targetROE above 10% → Withdrawn
ROIC targetNot disclosed → Withdrawn
Key initiativesReview of the earnings structure, Securing Specialized Talent, Investment in DX and systems
Results under the previous planROE above 10% → Not disclosed
Reason for revision or withdrawalThe full-year consolidated earnings forecast for the fiscal year ending May 2026 was revised downward because customer traffic fell below expectations due to intensifying competition in the drugstore industry and weaker-than-expected inbound demand, among other factors, and initiatives to improve the gross profit margin did not produce the expected results. In addition, company-wide reforms, including a review of the earnings structure, securing specialized personnel, and investment in DX and systems, became necessary. As the underlying conditions therefore differed substantially from those at the time the medium-term management plan was formulated, its achievability through the final year became uncertain.
Risks identifiedIntensifying competition in the drugstore industry, Weaker-than-expected inbound demand, Customer traffic falling below expectations, Initiatives to improve the gross profit margin failing to produce the expected results, Divergence from the underlying assumptions at the time the medium-term management plan was formulated, Increasing uncertainty regarding the achievability of the medium-term management plan through its final year
Date of board resolution19 June 2026
Publication date19 June 2026
Items this document does not state (10)
Payout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsSize of the Target Market

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The full-year consolidated earnings forecast for the fiscal year ending May 2026 was revised downward because customer traffic fell below expectations due to intensifying competition in the drugstore industry and weaker-than-expected inbound demand, among other factors, and initiatives to improve the gross profit margin did not produce the expected results. In addition, company-wide reforms, including a review of the earnings structure, securing specialized personnel, and investment in DX and systems, became necessary, causing the underlying assumptions to differ substantially from those at the time the plan was formulated and making the plan's achievability in its final year uncertain.

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Notice Regarding the Withdrawal of the Medium-Term Management Plan | SATUDORA HOLDINGS CO.,LTD. (3544) timely disclosure | Komori