FY2024 Management Targets (Consolidated Operating Profit, Consolidated Net Income, Overseas Sales Ratio, and Net D/E Ratio)
First written in FY2023-Q1. 5 of 8 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 3 of 12 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「Although initiatives including price revisions and cost reductions were undertaken, operating profit was ¥37.2 billion, down ¥1.6 billion (4.1%) from the previous interim period, mainly due to higher costs, including logistics and personnel expenses. The Group’s overseas sales ratio was 40.9%, up 6.5 percentage points from the previous interim period. Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) increased by ¥134.6 billion from the end of the previous consolidated fiscal year to ¥808.5 billion, but the net D/E ratio (net interest-bearing debt/net assets) remained at the management target of 0.7x.」
For the interim period against the fiscal 2024 management targets, operating profit was ¥37.2 billion, the overseas sales ratio was 40.9% and the net D/E ratio was 0.7x. The overseas sales ratio exceeded the 40% target and the net D/E ratio remained at the target level, while operating profit was below the same period of the previous year. - FY2024-Q3AdvancedAnnual report
「Management Targets for Fiscal 2024 Consolidated operating profit Consolidated net income Overseas sales ratio Net D/E ratio※ At least ¥150 billion At least ¥100 billion (Consistently maintain at least ¥100 billion) 40% (Aim for 50% in the future) Maintain at 0.7x (0.7x at the end of March 2022) Operating profit for the nine months ended December 2022 was ¥56.4 billion, down ¥3.2 billion (5.3%) from the same period of the previous year. The Group’s overseas sales ratio was 34.5%, down 4.1 percentage points from the same period of the previous year. Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) decreased by ¥39.8 billion from the end of the previous consolidated fiscal year to ¥691.4 billion, resulting in a net D/E ratio (net interest-bearing debt/net assets) of 0.6x.」
For the nine months ended December against the fiscal 2024 targets, operating profit was ¥56.4 billion, the overseas sales ratio was 34.5% and the net D/E ratio was 0.6x. While the net D/E ratio was below the 0.7x target, operating profit and the overseas sales ratio were below target levels. - FY2024-Q2AdvancedAnnual report
「Management Targets for Fiscal 2024 Consolidated operating profit Consolidated net income Overseas sales ratio Net D/E ratio※ At least ¥150 billion At least ¥100 billion (Consistently maintain at least ¥100 billion) 40% (Aim for 50% in the future) Maintain at 0.7x (0.7x at the end of March 2022) Operating profit for the six months ended September 2022 was ¥38.8 billion, down ¥1.6 billion (3.9%) from the same period of the previous year. The Group’s overseas sales ratio was 34.4%, down 4.1 percentage points from the same period of the previous year. Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) decreased by ¥49.7 billion from the end of the previous consolidated fiscal year to ¥681.6 billion, resulting in a net D/E ratio (net interest-bearing debt/net assets) of 0.6x.」
For the six months ended September against the fiscal 2024 targets, operating profit was ¥38.8 billion, the overseas sales ratio was 34.4% and the net D/E ratio was 0.6x. While the net D/E ratio was below the 0.7x target, operating profit and the overseas sales ratio remained below their annual targets. - FY2024-Q1AdvancedAnnual report
「Operating profit was ¥21.8 billion, up ¥6.2 billion (39.8%) from the same quarter of the previous year, due to initiatives including price revisions and cost reductions. The Group’s overseas sales ratio was 33.6%, down 3.3 percentage points from the same quarter of the previous year. Net interest-bearing debt (interest-bearing debt less cash and cash equivalents, etc.) decreased by ¥6.7 billion from the end of the previous consolidated fiscal year to ¥724.6 billion, while the net D/E ratio (net interest-bearing debt/net assets) remained at the management target of 0.7x.」
For the first quarter against the fiscal 2024 targets, operating profit was ¥21.8 billion, the overseas sales ratio was 33.6% and the net D/E ratio was 0.7x. Operating profit and financial leverage improved, while the overseas sales ratio was below the same quarter of the previous year. - FY2023Disclosure of full-year results against the fiscal 2024 targetsAnnual report
「Through these initiatives, the company aims to achieve net sales of at least ¥2.5 trillion by fiscal 2030 and Environmental Action Targets 2030, which target a reduction of at least 70% in greenhouse gas emissions from fiscal 2018 levels by fiscal 2030, thereby improving corporate value and contributing to society.」
The long-term targets of net sales of at least ¥2.5 trillion in the fiscal year ending March 2030 and a reduction of at least 70% in GHG emissions were reaffirmed. Against the fiscal 2024 management targets, full-year operating profit was ¥84.8 billion, the overseas sales ratio was 37.6% and the net D/E ratio was 0.8x, and the differences from the target values were also disclosed. - FY2023-Q3AdvancedAnnual report
「Management Targets for Fiscal 2024 Consolidated operating profit Consolidated net income Overseas sales ratio Net D/E ratio※ At least ¥150 billion At least ¥100 billion (Consistently maintain at least ¥100 billion) 40% (Aim for 50% in the future) 0.7x (0.7x at the end of March 2022) For the nine months ended December 2022, net sales were ¥1,296.7 billion, up ¥211.1 billion (19.4%) from the same period of the previous year, due to a recovery in demand as economic activity resumed following the spread of COVID-19, higher pulp market prices and price revisions implemented in response to the recent surge in raw material and fuel prices. The Group’s overseas sales ratio was 38.7%, up 6.4 percentage points from the same period of the previous year. Operating profit was ¥59.5 billion, down ¥35.8 billion (37.5%) from the same period of the previous year, as the impact of higher raw material and fuel prices was substantial, despite the aforementioned price revisions and an increase in sales volumes.」
For the nine months ended December against the fiscal 2024 targets, the overseas sales ratio was 38.7%, approaching the 40% target, while operating profit was ¥59.5 billion, down 37.5% year on year. - FY2023-Q2RestatedAnnual report
「Management Targets for Fiscal 2024 Consolidated operating profit Consolidated net income Overseas sales ratio Net D/E ratio※ At least ¥150 billion At least ¥100 billion (Consistently maintain at least ¥100 billion) 40% (Aim for 50% in the future) 0.7x (0.7x at the end of March 2022)」
The targets for fiscal 2024 are reiterated: consolidated operating profit of at least ¥150 billion, consolidated net income of at least ¥100 billion, an overseas sales ratio of 40% and a net D/E ratio of 0.7x. - FY2023-Q1First statedAnnual report
「FY2024 management targets Consolidated operating profit Consolidated net profit Overseas sales ratio Net debt-to-equity ratio* ¥150.0 billion or more ¥100.0 billion or more (to remain consistently at ¥100.0 billion or more) 40% (with a long-term target of 50%) 0.7x (0.7x at the end of March 2022)」
Under the new medium-term management plan covering fiscal 2022 through fiscal 2024, numerical targets for fiscal 2024 were set for the first time for profit, the overseas sales ratio and financial leverage.