V-DRIVE Performance Targets: Sales, Operating Income, Margins and ROE
First written in FY2018. 5 of 12 entries say "Advanced", first in FY2019. Latest entry: 2026-08-07.
The whole theme swung hardest in 2024: 4 of 29 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「There is no change to the full-year earnings forecast announced on 15 May 2026.」
The full-year earnings forecast for the fiscal year ending March 2027 remains unchanged. - FY2026Below the final-year targets of Medium-Term Management Plan 2026Annual report
「In the current consolidated fiscal year, the final year, the targets under the medium-term management plan were not achieved.」
Against the targets under Medium-Term Management Plan 2026, actual results for the fiscal year ending March 2026 were net sales of ¥287.7 billion, operating profit of ¥7.5 billion, ordinary profit of ¥11.2 billion, net profit of ¥7.2 billion, ROE of 2.8% and EBITDA of ¥26.1 billion, all below target. - FY2025AdvancedAnnual report
「Medium-Term Management Plan 2026 (fiscal year ending March 2026): net sales ¥330 billion, operating profit ¥20 billion, ordinary profit ¥24 billion, profit attributable to owners of the parent ¥20 billion, ROE 8.0%, EBITDA ¥39 billion. Fiscal year ending March 2025 (actual): net sales ¥305.7 billion, operating profit ¥19.7 billion, ordinary profit ¥18.7 billion, profit attributable to owners of the parent ¥15.5 billion, ROE 6.0%, EBITDA ¥32.8 billion.」
Second-year actual results under Medium-Term Management Plan 2026 were compared with the final-year targets. Net sales and operating profit moved closer to the targets, while gaps remained in ordinary profit, net profit, ROE and EBITDA. - FY2024AdvancedAnnual report
「Medium-Term Management Plan 2026 (fiscal year ending March 2026): net sales ¥330 billion, operating profit ¥20 billion, ordinary profit ¥24 billion, profit attributable to owners of the parent ¥20 billion, ROE 8.0%, EBITDA ¥39 billion. Fiscal year ending March 2024 (actual): net sales ¥297 billion, operating profit ¥15.2 billion, ordinary profit ¥17.7 billion, profit attributable to owners of the parent ¥8.3 billion, ROE 3.5%, EBITDA ¥31.6 billion.」
Progress is shown by comparing the targets for the fiscal year ending March 2026 under Medium-Term Management Plan 2026 with first-year actual results, including net sales of ¥297 billion and operating profit of ¥15.2 billion. - FY2023AdvancedAnnual report
「All consolidated management indicators other than net sales were achieved in the previous consolidated fiscal year, while net sales and operating profit were achieved in the current consolidated fiscal year, the final year.」
In the final year of Medium-Term Management Plan 2023, net sales of ¥301.2 billion and operating profit of ¥17.2 billion met the targets, while ordinary profit of ¥11.4 billion, net profit of ¥8.3 billion, ROE of 3.8% and EBITDA of ¥24.2 billion fell short. - FY2022AdvancedAnnual report
「For the consolidated management indicators under Medium-Term Management Plan 2023, only the targets for the fiscal year ending March 2023, the final year, were set. However, as shown in the table below, during the current consolidated fiscal year, the second year of the plan, all targets other than net sales were achieved one year ahead of schedule.」
Against the targets for the fiscal year ending March 2023, operating profit, ordinary profit, net profit, ROE and EBITDA were achieved one year ahead of the final year of the plan, excluding net sales. - FY2021ReframedAnnual report
「Medium-Term Management Plan 2023 (fiscal year ending March 2023): consolidated net sales of ¥280 billion, consolidated operating profit of ¥15 billion, ordinary profit of ¥20 billion, profit attributable to owners of the parent of ¥15 billion, ROE of 7.0%, and EBITDA of ¥35 billion.」
The performance indicators were updated from the V-DRIVE targets for the fiscal year ending March 2020 to the targets under Medium-Term Management Plan 2023 for the fiscal year ending March 2023. First-year actual results were net sales of ¥222.4 billion, operating profit of ¥1.7 billion, ordinary profit of ¥9.7 billion, net profit of ¥14.1 billion, ROE of 7.6%, and EBITDA of ¥24.7 billion. - FY2019AdvancedAnnual report
「The achievement and progress for the fiscal year ending March 2019, the interim year of V-DRIVE, are as follows. V-DRIVE plan (fiscal year ending March 2020): consolidated net sales of ¥300 billion, consolidated operating profit of ¥15 billion, operating margin of at least 5.0%, ROE of at least 6.0%, EBITDA of ¥40 billion, and a net debt-to-equity ratio of no more than 0.6. Fiscal year ending March 2019 (actual): consolidated net sales of ¥275.8 billion, consolidated operating profit of ¥10.1 billion, operating margin of 3.7%, ROE of 4.8%, EBITDA of ¥32.3 billion, and a net debt-to-equity ratio of 0.49.」
The results for V-DRIVE's interim year are shown against the final-year targets: net sales of ¥275.8 billion, operating profit of ¥10.1 billion, operating margin of 3.7%, ROE of 4.8%, EBITDA of ¥32.3 billion, and a net debt-to-equity ratio of 0.49. - FY2018First statedAnnual report
「V-DRIVE plan (fiscal year ending March 2020): consolidated sales of ¥300 billion, consolidated operating income of ¥15 billion, operating margin of at least 5.0%, ROE of at least 6.0%, EBITDA of ¥40 billion, and net D/E ratio of 0.6 or less.」
The final-year V-DRIVE targets are presented for sales, operating income, operating margin, ROE, EBITDA and net D/E ratio.