Growth and structural reform toward the Third Medium-Term Business Plan
First written in FY2018-Q2. 6 of 14 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021Partially achieved the targets of the Third Medium-Term Business PlanAnnual report
「For the fiscal year ended March 2021, consolidated sales fell short of the Third Medium-Term Business Plan target, but all other targets were achieved. Although sales missed the target, they increased for the eighth consecutive fiscal year and reached a record high for the sixth consecutive fiscal year.」
Under the Third Medium-Term Business Plan, sales fell short of the ¥615.0 billion target at ¥562.9 billion, while targets for items other than sales, including operating profit of ¥36.9 billion, ROE of 10.1%, and a net debt-to-equity ratio of 1.3x, were achieved. - FY2021-Q3Further revision to the full-year earnings forecast for the fiscal year ending March 2021Annual report
「Our group has entered the final year of the Third Medium-Term Business Plan, “Move on: Innovation and Flight” (announced on 31 May 2018), and is accelerating the transformation toward a resilient corporate structure capable of responding to rapid changes in the external environment. At the same time, it is boldly implementing its growth strategy toward a long-term vision targeting sales of ¥800.0 billion to ¥1 trillion. In light of recent earnings trends, the group has also revised its consolidated full-year earnings forecast for the fiscal year ending March 2021.」
While reaffirming the execution of structural reform and its growth strategy in the final year of the Third Medium-Term Business Plan, the group revised its full-year earnings forecast for the fiscal year ending March 2021 again in light of recent earnings trends. The revised figures are not stated in the text. - FY2021-Q2Revision to the full-year earnings forecast for the fiscal year ending March 2021Annual report
「Our group has entered the final year of the Third Medium-Term Business Plan, “Move on: Innovation and Flight” (announced on 31 May 2018), and is accelerating the transformation toward a resilient corporate structure capable of responding to rapid changes in the external environment. At the same time, it is boldly implementing its growth strategy toward a long-term vision targeting sales of ¥800.0 billion to ¥1 trillion. In light of recent earnings trends, the group has also revised its consolidated full-year earnings forecast for the fiscal year ending March 2021.」
While pursuing accelerated structural reform in the final year of the Third Medium-Term Business Plan, the group revised its consolidated full-year earnings forecast for the fiscal year ending March 2021 in light of recent earnings trends. The revised figures are not stated in the text provided. - FY2021-Q1RestatedAnnual report
「In the final year of the Third Medium-Term Business Plan, “Move on: Innovation and Flight” (announced on 31 May 2018), our group is accelerating the transformation of its business structure in order to build a resilient corporate structure capable of responding to rapid changes in the external environment.」
Having entered the final year of the Third Medium-Term Business Plan, the group continues to pursue the building of a resilient corporate structure and transformation of its business structure, and is accelerating this transformation. - FY2020Downward revision to the fiscal 2020 plan under the Third Medium-Term Business PlanAnnual report
「Fiscal 2020 targets (Third Medium-Term Business Plan): sales ¥615.0 billion; operating profit ¥32.0 billion; operating margin 5.2%; ROE 8%; net debt-to-equity ratio 1.6x. Fiscal 2020 plan: sales ¥565.0 billion; operating profit ¥28.0 billion; operating margin 5.0%; ROE 6%; net debt-to-equity ratio 1.7x.」
Based on current business conditions, the fiscal 2020 plan was set below the Third Medium-Term Business Plan targets, with sales changed from ¥615.0 billion to ¥565.0 billion, operating profit from ¥32.0 billion to ¥28.0 billion, and ROE from 8% to 6%. The net debt-to-equity ratio also worsened from 1.6x to 1.7x. Meanwhile, the overseas sales ratio for H&PC is planned at 12%, above the target of 11%. - FY2020-Q3RestatedAnnual report
「Against this backdrop, our group has reached the midpoint of the Third Medium-Term Business Plan, “Move on: Innovation and Flight” (announced on 31 May 2018). To achieve its management targets for fiscal 2020, the group is working as one to build a resilient corporate structure capable of responding to rapid changes in the external environment and to pursue a growth strategy with a view to its long-term vision.」
Having reached the midpoint of the Third Medium-Term Business Plan, the group continues to pursue its targets of achieving the fiscal 2020 management objectives, building a resilient corporate structure, and implementing a growth strategy based on its long-term vision. - FY2020-Q2RestatedAnnual report
「Against this backdrop, our group has entered the second year of the Third Medium-Term Business Plan, “Move on: Innovation and Flight” (announced on 31 May 2018). To achieve its management targets for fiscal 2020, the group is working as one to build a resilient corporate structure capable of responding to rapid changes in the external environment and to pursue a growth strategy with a view to its long-term vision.」
In the second year of the Third Medium-Term Business Plan, the group continues to pursue its targets of achieving the fiscal 2020 management objectives, building a resilient corporate structure, and implementing a growth strategy based on its long-term vision. - FY2020-Q1RestatedAnnual report
「Against this backdrop, our group has entered the second year of the Third Medium-Term Business Plan, “Move on: Innovation and Flight” (announced on 31 May 2018). To achieve its management targets for fiscal 2020, the group is working as one to build a resilient corporate structure capable of responding to rapid changes in the external environment and to pursue a growth strategy with a view to its long-term vision.」
In the second year of the Third Medium-Term Business Plan, the group has reaffirmed its targets of achieving the fiscal 2020 management objectives, building a resilient corporate structure, and pursuing a growth strategy based on its long-term vision. - FY2019Downward revision to certain targets under the Third Medium-Term Business PlanAnnual report
「The targets for fiscal 2020 have been partially revised in light of the impact of applying IFRS 15 to the overseas business and recent changes in the business environment.」
For the fiscal 2020 targets under the Third Medium-Term Business Plan, the sales target was changed from ¥635.0 billion to ¥615.0 billion, and the overseas sales ratio for H&PC was changed from 15% to 11%. Meanwhile, the targets for operating profit of ¥32.0 billion, ROE of 8%, and a net debt-to-equity ratio of 1.6x have been maintained. - FY2019-Q3Consolidated Earnings Forecast for the Fiscal Year Ending March 2019 Falls ShortAnnual report
「Under these circumstances, our Group is working as one to achieve the management targets of the Third Medium-Term Business Plan “Move on: Transformation and Flight,” covering the 3 years from fiscal 2018 through fiscal 2020 and announced on 31 May 2018, while transforming our corporate structure into a resilient one capable of responding to rapid changes in the external environment and pursuing a growth strategy with a long-term vision in mind. The outlook for consolidated results for the fiscal year ending March 2019 is below the consolidated earnings forecast announced on 11 May 2018, due to factors including the expected persistence of raw material and fuel prices and logistics costs at higher levels than assumed, the expected failure to meet the sales target for domestic baby diapers amid a declining birth rate, and the suspension of operations at some production facilities following a fire at our main Mishima Plant in January 2019.」
While the policy for achieving the management targets under the Third Medium-Term Business Plan was reaffirmed, the consolidated earnings forecast for the fiscal year ending March 2019 was revised downward due to raw material and fuel costs, logistics costs, the expected shortfall in domestic baby diaper sales, and the impact of the fire at the Mishima Mill. - FY2019-Q2RestatedAnnual report
「Under these circumstances, to achieve the management targets of the Third Medium-Term Business Plan “Move on: Transformation and Flight,” covering the 3 years from fiscal 2018 through fiscal 2020 and announced on 31 May 2018, our Group will boldly implement a growth strategy with a long-term vision in mind, while transforming our corporate structure into a resilient one capable of responding to rapid changes in the external environment.」
The plan period of the Third Medium-Term Business Plan, achievement of its management targets, transformation into a resilient corporate structure and growth strategy based on the long-term vision have been reconfirmed. - FY2019-Q1RestatedAnnual report
「Under these circumstances, to achieve the management targets of the Third Medium-Term Business Plan covering the 3 years from fiscal 2018 through fiscal 2020, announced on 31 May 2018, our Group will boldly implement a growth strategy with a long-term vision in mind, while transforming our corporate structure into a resilient one capable of responding to rapid changes in the external environment.」
Efforts to achieve the management targets of the Third Medium-Term Business Plan have been reconfirmed together with the plan period. - FY2018AdvancedAnnual report
「Under the Third Medium-Term Business Plan, covering the 3 years from fiscal 2018 through fiscal 2020, we will boldly implement a growth strategy with a long-term vision in mind, while transforming our corporate structure into a resilient one capable of responding to rapid changes in the external environment.」
The Third Medium-Term Business Plan was formally disclosed, specifying targets for fiscal 2020 including revenue of ¥635 billion, operating profit of ¥32 billion, an operating margin of 5.0%, an overseas H&PC sales ratio of 15% and ROE of 8%, together with structural reforms, growth investment and IT investment as the means of achieving them. - FY2018-Q2First statedAnnual report
「Even under these circumstances, we aim to be a company that consistently achieves industry-leading profit margins and continues to grow under the Third Medium-Term Business Plan beginning next spring and under subsequent business plans. To this end, in addition to advancing various structural reforms in production and sales, we are promoting an expanded management span, organizational reviews including the integration and consolidation of staff functions, and initiatives to improve operational productivity in order to establish a more resilient organizational structure across the entire Group.」
The policy of aiming to remain a growing company under the Third Medium-Term Business Plan scheduled to begin next spring and subsequent plans was disclosed for the first time. Structural reforms in production and sales, an expanded management span, integration and consolidation of staff functions, and improved operational productivity were cited as means of achieving this.