Improvement in Operating Margin
First written in FY2018. 4 of 6 entries say "Reframed", first in FY2020. Latest entry: FY2024.
No.1 moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
19 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Under this medium-term management plan, we aim to achieve the following management indicators in the final fiscal year, the fiscal year ending February 2027: revenue of ¥16,800 million, operating profit of ¥1,830 million, an operating profit margin of 10.9% and EBITDA of ¥2,160 million.」
The company has changed from the previous targets for the fiscal year ending February 2024 to specific targets for revenue, operating profit, operating profit margin and EBITDA under Evolution2027, whose final fiscal year is the fiscal year ending February 2027. - FY2022ReframedAnnual report
「As a result, we formulated a new medium-term management plan ending in February 2024 and announced it internally and externally in November 2020. … We aim to achieve the following management indicators in the final fiscal year, the fiscal year ending February 2024: revenue of ¥13,299 million after applying the revenue recognition standard (Note 1), operating profit of ¥1,280 million, an operating profit margin of 9.6% (Note 2) and EBITDA of ¥1,367 million.」
As targets after applying the revenue recognition standard, the company presents revenue of ¥13,299 million and an operating profit margin of 9.6%, changing the assumptions and figures from the previous revenue target of ¥15,500 million and operating profit margin target of 8.3%. - FY2021ReframedAnnual report
「By steadily implementing this business strategy, we aim to achieve the following management indicators for the fiscal year ending February 2024: revenue of ¥15,500 million, operating profit of ¥1,280 million, an operating profit margin of 8.3%, EBITDA of ¥1,367 million and ROE of 17% or higher.」
The company has changed from the general expression of improving the operating profit margin to specific management indicators, including an operating profit margin of 8.3% for the fiscal year ending February 2024. - FY2020ReframedAnnual report
「We aim to increase revenue under a stable management foundation and efficient management.」
The target management indicator has been changed from the previous “improvement in the operating profit margin” to “increase in revenue.” - FY2019RestatedAnnual report
「We aim to improve the operating profit margin under a stable management foundation and efficient management.」
The company reiterates improving the operating profit margin as a target management indicator, but does not provide a specific target or deadline. - FY2018First statedAnnual report
「We aim to improve the operating profit margin under a stable management foundation and efficient management.」
The company explicitly identifies improving the operating profit margin as a target management indicator for the first time, but does not provide a specific target or deadline.