Performance Targets for the Fiscal Year Ending March 2020 and ¥10 Billion Medium-Term Operating Profit Target
First written in FY2019. 14 of 25 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2021: 17 of 78 companies on the "Worse" side.
- FY2026RaisedAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets are the fiscal 2027 performance targets: consolidated revenue of ¥33,500 million, EBITDA* of ¥8,320 million, consolidated operating profit of ¥6,430 million, and profit attributable to owners of the parent of ¥4,390 million. The medium- to long-term performance targets are revenue exceeding ¥50,000 million and EBITDA exceeding ¥12,000 million for the fiscal year ending March 2031.」
The short-term targets were updated to the fiscal year ending March 2027, while the medium- to long-term targets were raised from revenue exceeding ¥35 billion and EBITDA exceeding ¥10 billion for the fiscal year ending March 2026 to revenue exceeding ¥50 billion and EBITDA exceeding ¥12 billion for the fiscal year ending March 2031. - FY2026-H1AdvancedAnnual report
「As a result, revenue for the interim consolidated accounting period was ¥13,776 million, up 12.3% year on year, gross profit was ¥11,120 million, up 10.2%, EBITDA* was ¥3,653 million, up 5.3%, operating profit was ¥2,852 million, up 2.2%, interim profit before tax was ¥2,879 million, up 4.3%, and interim profit attributable to owners of the parent was ¥1,982 million, up 5.1%.」
Under the target framework comprising short-term and medium-term targets for the fiscal year ending March 2026, FY2026-H1 EBITDA was ¥3,653 million and revenue was ¥13,776 million. - FY2025Update to short-term performance targetsAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets are the fiscal 2026 performance targets: consolidated revenue of ¥28,000 million, EBITDA* of ¥7,430 million, consolidated operating profit of ¥5,880 million, and profit attributable to owners of the parent of ¥4,020 million.」
Short-term performance targets were updated from revenue of ¥27.5 billion, EBITDA of ¥7.7 billion and other targets for the fiscal year ending March 2025 to revenue of ¥28 billion, EBITDA of ¥7.43 billion, operating profit of ¥5.88 billion, and profit attributable to owners of the parent of ¥4.02 billion for the fiscal year ending March 2026. - FY2025-H1AdvancedAnnual report
「As a result, for the six months ended the interim period of the current consolidated fiscal year, revenue was ¥12,272 million, up 9.5% year on year, gross profit was ¥10,094 million, up 8.8%, EBITDA* was ¥3,469 million, up 10.8%, operating profit was ¥2,790 million, up 11.0%, profit before tax for the interim period was ¥2,760 million, up 9.2%, and profit for the interim period attributable to owners of the parent was ¥1,886 million, up 5.1%.」
Under the target framework comprising short-term performance targets for the fiscal year ending March 2025 and medium-term targets for the fiscal year ending March 2026, EBITDA for the interim consolidated accounting period was ¥3,469 million, up 10.8% year on year. - FY2024Update to short-term performance targetsAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets include the fiscal 2025 performance targets—consolidated revenue of ¥27,500 million, EBITDA* of ¥7,700 million, consolidated operating profit of ¥6,300 million, and profit attributable to owners of the parent of ¥4,300 million—as well as medium-term performance targets for the fiscal year ending March 2026 of consolidated revenue exceeding ¥35,000 million and EBITDA exceeding ¥10,000 million.」
Short-term performance targets were updated to revenue of ¥27.5 billion, EBITDA of ¥7.7 billion, operating profit of ¥6.3 billion, and profit attributable to owners of the parent of ¥4.3 billion for the fiscal year ending March 2025. The medium-term targets for the fiscal year ending March 2026 of revenue exceeding ¥35 billion and EBITDA exceeding ¥10 billion were maintained. - FY2024-Q3AdvancedAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, revenue was ¥16,920 million, up 29.0% year on year, gross profit was ¥14,020 million, up 28.8%, EBITDA* was ¥4,802 million, up 33.5%, operating profit was ¥3,860 million, up 34.6%, profit before tax for the quarter was ¥3,843 million, up 34.8%, and profit for the quarter attributable to owners of the parent was ¥2,775 million, up 36.2%.」
Under the target framework with medium-term targets of revenue exceeding ¥35 billion and EBITDA exceeding ¥10 billion for the fiscal year ending March 2026, cumulative third-quarter EBITDA was ¥4,802 million, up 33.5% year on year. - FY2024-Q2AdvancedAnnual report
「As a result, for the six months ended the second quarter of the current consolidated fiscal year, revenue was ¥11,203 million, up 33.0% year on year, gross profit was ¥9,276 million, up 31.9%, EBITDA* was ¥3,132 million, up 31.4%, operating profit was ¥2,513 million, up 31.9%, profit before tax for the quarter was ¥2,527 million, up 32.8%, and profit for the quarter attributable to owners of the parent was ¥1,794 million, up 30.9%.」
Under the target framework using EBITDA as the key profit indicator, cumulative EBITDA for the second quarter of the current fiscal year was ¥3,132 million, up 31.4% year on year. - FY2024-Q1AdvancedAnnual report
「As a result, for the three months ended the first quarter of the current consolidated fiscal year, revenue was ¥5,460 million, up 33.0% year on year, gross profit was ¥4,532 million, up 32.6%, EBITDA* was ¥1,505 million, up 24.9%, operating profit was ¥1,203 million, up 23.7%, profit before tax for the quarter was ¥1,207 million, up 24.3%, and profit for the quarter attributable to owners of the parent was ¥847 million, up 22.0%.」
First-quarter results against the short-term performance targets for the fiscal year ending March 2024 were disclosed: revenue of ¥5,460 million, EBITDA of ¥1,505 million, operating profit of ¥1,203 million, and profit attributable to owners of the parent of ¥847 million. - FY2023Update to short-term performance targetsAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets include the fiscal 2024 performance targets—consolidated revenue of ¥23,300 million, EBITDA* of ¥6,500 million, consolidated operating profit of ¥5,300 million, and profit attributable to owners of the parent of ¥3,650 million—as well as medium-term performance targets for the fiscal year ending March 2026 of consolidated revenue exceeding ¥35,000 million and EBITDA exceeding ¥10,000 million.」
New short-term performance targets were established for the fiscal year ending March 2024. The medium-term targets for the fiscal year ending March 2026 of revenue exceeding ¥35 billion and EBITDA exceeding ¥10 billion were maintained. - FY2023-Q3AdvancedAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, revenue was ¥13,118 million, up 16.9% year on year, gross profit was ¥10,888 million, up 16.0%, EBITDA* was ¥3,596 million, up 17.9%, operating profit was ¥2,867 million, up 21.7%, profit before tax for the quarter was ¥2,851 million, up 21.2%, and profit for the quarter attributable to owners of the parent was ¥2,038 million, up 23.5%.」
Under the medium-term target framework of revenue exceeding ¥35 billion and EBITDA exceeding ¥10 billion for the fiscal year ending March 2026, cumulative EBITDA for FY2023-Q3 was ¥3,596 million, up 17.9% year on year. - FY2023-Q2AdvancedAnnual report
「EBITDA* was ¥2,383 million, up 10.8% year on year.」
Under the target framework using EBITDA as the key profit indicator, cumulative EBITDA for the second quarter of FY2023 was ¥2,383 million, up 10.8% year on year. - FY2023-Q1AdvancedAnnual report
「Revenue was ¥4,105 million, up 7.4% year on year, gross profit was ¥3,419 million, up 6.0%, and EBITDA* was ¥1,204 million, up 4.6%.」
Under the target framework using EBITDA as the key profit indicator, EBITDA for the first quarter of FY2023 was ¥1,204 million, up 4.6% year on year. - FY2022ReframedAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets include the fiscal 2023 performance targets—consolidated revenue of ¥18,255 million, EBITDA* of ¥4,850 million, consolidated operating profit of ¥3,900 million, and profit attributable to owners of the parent of ¥2,650 million—as well as medium-term performance targets for the fiscal year ending March 2026 of consolidated revenue exceeding ¥35,000 million and EBITDA exceeding ¥10,000 million.」
The target framework was changed from the previous ¥10 billion medium-term operating profit target to one centred on consolidated revenue exceeding ¥35 billion and EBITDA exceeding ¥10 billion for the fiscal year ending March 2026. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥3,823 million, up 36.2% year on year, gross profit was ¥3,224 million, up 37.9%, and EBITDA* was ¥3,050 million, up 14.5%.」
Under the policy of using EBITDA as the key indicator of profitability, the company disclosed cumulative third-quarter EBITDA of ¥3,050 million, up 14.5% year on year. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥7,593 million, up 36.2% year on year, gross profit was ¥6,369 million, up 36.9%, and EBITDA* was ¥2,152 million, up 23.7%.」
EBITDA of ¥2,152 million was disclosed as the cumulative second-quarter result after the profit target was changed to EBITDA, up from ¥1,151 million for the cumulative first quarter. - FY2022-Q1AdvancedAnnual report
「As a result, for the three months ended the first quarter of the current consolidated fiscal year, revenue was ¥3,823 million, up 36.2% year on year, gross profit was ¥3,224 million, up 37.9%, EBITDA* was ¥1,151 million, up 38.1%, operating profit was ¥931 million, up 55.5%, profit before tax for the quarter was ¥929 million, up 55.6%, and profit for the quarter attributable to owners of the parent was ¥657 million, up 55.2%.」
Cumulative EBITDA for the first quarter after the profit target was changed to EBITDA was ¥1,151 million, updating the company’s results using EBITDA as a key management indicator. - FY2021-Q3AdvancedAnnual report
「From the first quarter of the current fiscal year, we have changed our profit target to EBITDA in view of the possibility of recording non-recurring or non-cash income and expenses through the review of office contracts and the revaluation of illiquid assets. EBITDA is calculated as operating profit (loss) plus depreciation and amortisation, plus impairment losses, plus losses on disposal and valuation losses on fixed assets, less gains on the recognition of negative goodwill. We consider it a key management indicator for measuring the profitability of the group’s businesses more effectively, even amid an uncertain external environment, as a profit target excluding the impact of non-cash items. EBITDA for the cumulative third quarter of the current consolidated fiscal year was ¥2,663 million.」
Cumulative EBITDA for the third quarter after the profit target was changed to EBITDA was ¥2,663 million, up from ¥1,740 million for the cumulative second quarter. - FY2021-Q2AdvancedAnnual report
「EBITDA for the cumulative second quarter of the current consolidated fiscal year was ¥1,740 million.」
Cumulative EBITDA for the second quarter after the profit target was changed to EBITDA was disclosed at ¥1,740 million, up from ¥834 million in the first quarter. - FY2021-Q1ReframedAnnual report
「From the first quarter of the current fiscal year, we have changed our profit target to EBITDA in view of the possibility of recording non-recurring or non-cash income and expenses through the review of office contracts and the revaluation of illiquid assets. EBITDA is calculated as operating profit plus depreciation and amortisation plus impairment losses. We consider it a key management indicator for measuring the profitability of the group’s businesses more effectively, even amid an uncertain external environment, as a profit target excluding the impact of non-cash items.」
The company explained that its previous profit targets, including the ¥10 billion medium-term operating profit target, had been changed to EBITDA as a measure excluding the impact of non-recurring and non-cash items. EBITDA for the first quarter was ¥834 million. - FY2020SoftenedAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets include the fiscal 2021 performance targets, disclosed only as a first-quarter range in view of the uncertain external environment: first-quarter consolidated revenue of ¥2,550–2,800 million, consolidated operating profit of ¥300–500 million, and profit attributable to owners of the parent of ¥200–340 million. The company also maintains a medium-term target of consolidated operating profit of ¥10,000 million.」
The ¥10 billion medium-term operating profit target was maintained, while short-term performance targets were limited to a range for the first quarter of fiscal 2021 because of the uncertain external environment. - FY2019First statedAnnual report
「The objective indicators and other measures used to assess the achievement of management policies, management strategies and management targets include the fiscal 2020 performance targets—consolidated revenue of ¥15,400 million, consolidated operating profit of ¥4,750 million, and profit attributable to owners of the parent of ¥3,275 million—as well as a medium-term target of consolidated operating profit of ¥10,000 million.」
The numerical targets for fiscal 2020 revenue, operating profit and profit attributable to owners of the parent, together with the ¥10 billion medium-term consolidated operating profit target, were stated explicitly in an annual report for the first time.