Five-Year Medium-Term Management Plan and Targets for Revenue, Operating Margin and ROE
First written in FY2017. 24 of 33 entries say "Restated". Latest entry: 2026-10-14.
The whole theme swung hardest in 2025: 3 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Cited as achieved".
- FY2027-H1RestatedAnnual report
「Based on the medium-term management plan “TSI Innovation Program 2027 (TIP27)” announced in April 2024, we continue to pursue fundamental reforms to our earnings structure and growth strategies, as we did in the previous fiscal year.」
It was reaffirmed that TIP27 would continue as the medium-term management plan and that reforms to the earnings structure and growth strategies would be pursued. - FY2026RaisedAnnual report
「For the current fiscal year, the final year of the plan, the company set a target of ¥7.5 billion in operating profit to ensure that its initiatives to date produce results.」
The company newly disclosed a ¥7.5 billion operating profit target for the final year of TIP27. This represents an increase from the ¥7 billion operating profit target in the previous medium-term plan. - FY2025-H1RestatedAnnual report
「In April 2024, the company announced its new medium-term management plan for 2027, “TSI Innovation Program 2027 (TIP27).”」
The company reaffirmed that it continues to pursue TIP27, revised from the previous TIP25, as its medium-term management plan for 2027. - FY2024ReframedAnnual report
「The Group announced its medium-term management plan for 2025, “TSI Innovation Program 2025 (TIP25),” in April 2022. However, in light of the harsh reality that the Group lacked the ability to respond to rapid changes in the business environment, including the continued spread of COVID-19, the conflicts in Ukraine and Palestine, the resulting global inflation and the record depreciation of the yen, it decided to review the medium-term management plan again, formulated a new medium-term management plan for 2027, “TSI Innovation Program 2027 (TIP27),” and announced it in April 2024.」
TIP25 was revised in light of the company’s insufficient ability to respond to changes in the business environment, and changed to TIP27 for 2027. - FY2024-Q3RestatedAnnual report
「Under the new medium-term management plan toward 2025, TSI Innovation Program 2025 (TIP25), announced in April 2022, we are continuing fundamental reforms of our earnings structure and corporate structure in response to changes in the social environment and customer lifestyles accompanying digital transformation, with the aim of creating distinctive value offered by the Group and transforming the Group into a “company beyond apparel only” and a “company that creates fashion entertainment.”」
Under TIP25, formulated after revising the previous medium-term plan, the company continued its corporate transformation and fundamental reforms toward 2025. - FY2024-Q2RestatedAnnual report
「Under the new medium-term management plan toward 2025, TSI Innovation Program 2025 (TIP25), announced in April 2022, we are continuing fundamental reforms of our earnings structure and corporate structure in response to changes in the social environment and customer lifestyles accompanying digital transformation, with the aim of creating distinctive value offered by the Group and transforming the Group into a “company beyond apparel only” and a “company that creates fashion entertainment.”」
Under TIP25, formulated after revising TIP24, the company continued its corporate transformation and fundamental reforms toward 2025. - FY2024-Q1RestatedAnnual report
「Under the new medium-term management plan toward 2025, TSI Innovation Program 2025 (TIP25), announced in April 2022, we are continuing fundamental reforms of our earnings structure and corporate structure in response to changes in the social environment and customer lifestyles accompanying digital transformation, with the aim of creating distinctive value offered by the Group and transforming the Group into a “company beyond apparel only” and a “company that creates fashion entertainment.”」
The company continues to pursue TIP25 toward 2025, along with DX, the creation of distinctive value propositions, and fundamental reforms to its earnings structure and corporate structure. - FY2023-Q3RestatedAnnual report
「Based on the new medium-term management plan for 2025 announced in April 2022, “TSI Innovation Program 2025 (TIP25),” the Group continued working to pursue fundamental reforms in response to changes in the social environment accompanying the progress of digital transformation (DX) and changes in customers’ lifestyles, while creating distinctive value propositions of its own.」
Under TIP25, formulated after revising TIP24, the company continued addressing DX, creating distinctive value propositions and pursuing fundamental reforms toward 2025. - FY2023-Q1RestatedAnnual report
「Based on the new medium-term management plan for 2025 announced in April 2022, “TSI Innovation Program 2025 (TIP25),” the Group decided to pursue fundamental reforms to respond to changes in the social environment accompanying the progress of digital transformation (DX) and changes in customers’ lifestyles, while creating distinctive value propositions of its own.」
The company reaffirmed its plan under TIP25, revised from TIP24, to address DX, create distinctive value propositions and pursue fundamental reforms toward 2025. - FY2022ReframedAnnual report
「The Group announced its internal “TSI Innovation Program 2024,” a programme for structural reform and its future strategy, in April 2021. However, as the spread of COVID-19 continued, it decided to review the plan again, formulated a new medium-term management plan for 2025, “TSI Innovation Program 2025 (TIP25),” and announced it in April 2022.」
The name and period covered by the medium-term plan changed from TIP24 to the revised TIP25. Instead of the previous financial targets, the company presented key measures for reform and its future strategy toward 2025. - FY2022-Q3RestatedAnnual report
「Under the “TSI INNOVATION PROGRAM 2024 (TIP24),” which the Group is pursuing as a medium-term transformation project, the Group has focused on exiting unprofitable businesses and stores, reducing personnel expenses and cutting selling, general and administrative expenses across the company. It will then move into a phase of strengthening its rapidly growing e-commerce business, upgrading IT systems and entering new businesses.」
The company continued to outline a plan to move from structural reforms under TIP24 to growth investment, rather than the financial targets of the previous medium-term management plan. - FY2022-Q2RestatedAnnual report
「Under the “TSI INNOVATION PROGRAM 2024 (TIP24),” which the Group is pursuing as a medium-term transformation project, the Group has focused on exiting unprofitable businesses and stores, reducing personnel expenses and cutting selling, general and administrative expenses across the company.」
Rather than the financial targets of the previous medium-term management plan, the company continued to outline structural reforms under TIP24 and the transition from cost-cutting to growth investment. - FY2022-Q1ReframedAnnual report
「Against this management backdrop, under the “TSI INNOVATION PROGRAM 2024 (TIP24),” which the Group is pursuing as a medium-term transformation project, the Group has focused on exiting unprofitable businesses and stores, reducing personnel expenses and cutting selling, general and administrative expenses across the company. It will then move into a phase of strengthening its rapidly growing e-commerce business, upgrading IT systems and entering new businesses, and aims to maximise the Group’s earning power through proactive investment for the future.」
Rather than the financial targets of the previous medium-term management plan, the company outlined TIP24, a medium-term transformation project named for 2024, and its transition from cost-cutting to growth investment. - FY2021-Q1RestatedAnnual report
「Against this management backdrop, under the new medium-term management plan announced in April 2019, the Group sought to improve the speed of management decision-making by introducing a company-based structure that reorganised the apparel operating companies within the Group into 4 groups as part of its priority measure of reviewing the group structure.」
The company continued reviewing its group structure under the new medium-term management plan announced in April 2019, progressing to the introduction of a company-based structure. This quarterly report does not repeat the numerical targets. - FY2020RestatedAnnual report
「Achieving the medium-term management plan described in “1. Management Policy, Business Environment and Issues to Be Addressed,” together with implementing the key measures required to achieve it, constitutes the Group’s medium- to long-term corporate management strategy.」
The Group continues to pursue the three-year medium-term management plan announced in April 2019 and its key measures as its medium- to long-term strategy. This disclosure does not repeat the numerical targets. - FY2020-Q3RestatedAnnual report
「Based on the new medium-term management plan announced in April 2019, the Group made reviewing its group structure its top priority and pursued measures to optimise the group organisation.」
The company stated that it continued reviewing its group structure and optimising the organisation under the new medium-term management plan announced in April 2019. - FY2020-Q2RestatedAnnual report
「Based on the new medium-term management plan announced in April 2019, the Group made reviewing its group structure its top priority and pursued measures to optimise the group organisation, while also」
The company reaffirmed that it continued reviewing its group structure and optimising the organisation under the new medium-term management plan announced in April 2019. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, based on the new medium-term management plan announced in April 2019, the Group made reviewing its group structure its top priority and pursued measures to optimise the group organisation, while also」
The company reaffirmed that it continued reviewing its group structure and optimising the organisation during the quarter under the new medium-term management plan announced in April 2019. This quarterly report does not repeat the numerical targets. - FY2019SoftenedAnnual report
「The Group newly formulated and announced in April 2019 a three-year medium-term management plan beginning in fiscal 2019. Under the theme “The Brand Builder — becoming the strongest brand builder,” the Group aims to transform its business focus and group structure and achieve net sales of ¥200 billion, operating profit of ¥7 billion and ROE of 4.6% in three years.」
The company newly formulated a three-year plan beginning in fiscal 2019, replacing the previous five-year plan. While the net sales target was maintained at ¥200 billion, the former 5% operating margin target was changed to operating profit of ¥7 billion, effectively lowering the profit level relative to the net sales target. The ROE target also declined from 6.5% to 4.6%. - FY2019-Q3RestatedAnnual report
「Against this management backdrop, the Group, based on the medium-term management plan updated in April 2017, sought to strengthen its earnings base by exiting low-profitability businesses and taking other measures, while actively advancing the growth strategy of HUF Worldwide, LLC, newly brought into the Group last year, as one of the key pillars of its future growth strategy in overseas businesses.」
The company reaffirmed its efforts to strengthen its earnings base under the medium-term management plan updated in April 2017 and its policy of making overseas business a pillar of its growth strategy. This filing does not repeat the numerical targets. - FY2019-Q2RestatedAnnual report
「Against this management backdrop, the Group, based on the medium-term management plan updated in April 2017, sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while further strengthening its capabilities in e-commerce and overseas businesses as part of its future growth strategy and actively investing in growth markets.」
The company reaffirmed its continued efforts to strengthen its earnings base, enhance its e-commerce and overseas businesses, and invest in growth markets under the medium-term management plan updated in April 2017. - FY2019-Q1RestatedAnnual report
「Against this management backdrop, the Group, based on the medium-term management plan updated in April 2017, sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while continuing to strengthen its e-commerce and overseas businesses as part of its growth strategy and actively investing in growth markets.」
The company reaffirmed its policy of continuing to strengthen its earnings base under the medium-term management plan, enhance its e-commerce and overseas businesses, and invest in growth markets. This quarterly report does not repeat the numerical targets. - FY2018RestatedAnnual report
「The Group formulated and announced in April 2017 a five-year medium-term management plan beginning in fiscal 2017. Under the plan, the Group aims to continue strengthening its earnings base while accelerating its growth strategy, targeting net sales of ¥200 billion, an operating margin of 5% and ROE of 6.5% within five years, with the aim of achieving sustainable growth and increasing corporate value.」
The annual report explicitly reaffirmed the five-year medium-term management plan and its targets of ¥200 billion in net sales, a 5% operating margin and ROE of 6.5%. - FY2018-Q3RestatedAnnual report
「Based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while further strengthening its capabilities in e-commerce and overseas businesses as part of its ongoing growth strategy and actively investing in growth markets.」
The company reaffirmed its efforts to strengthen its earnings base under the medium-term management plan and its investments in e-commerce, overseas businesses and growth markets. This filing does not repeat the numerical targets, including ¥200 billion in net sales. - FY2018-Q2RestatedAnnual report
「Based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while further strengthening its capabilities in e-commerce and overseas businesses as part of its future growth strategy and actively investing in growth markets.」
The company reaffirmed its efforts to strengthen its earnings base and pursue its growth strategy under the medium-term management plan updated in April 2017, but this filing does not repeat the numerical targets of ¥200 billion in net sales, a 5% operating margin and ROE of 6.5%. - FY2018-Q1RestatedAnnual report
「Against this management backdrop, the Group, based on the medium-term management plan updated in April 2017,」
The company stated that it continues initiatives based on the medium-term management plan updated in April 2017. This quarterly report does not repeat the numerical targets for net sales, operating margin or ROE. - FY2017First statedAnnual report
「The Group formulated and announced in April 2017 a five-year medium-term management plan covering fiscal 2017 through fiscal 2021. Under the plan, the Group aims to continue strengthening its earnings base while accelerating its growth strategy. Its initial targets are net sales of ¥200 billion, an operating margin of 5% and ROE of 6.5% by the fiscal year ending February 2022, with the aim of achieving sustainable growth and increasing corporate value.」
The company disclosed for the first time the period covered by the new medium-term management plan and its financial targets of ¥200 billion in net sales, a 5% operating margin and ROE of 6.5%.