Further Business Expansion and Strengthening the Earnings Base
First written in FY2016. 11 of 24 entries say "Advanced", first in FY2023-Q2. Latest entry: 2026-10-30.
28 other companies' latest entry also says "Advanced".
- FY2026RaisedAnnual report
「The operating profit target for the 73rd fiscal year was raised from the previous target in light of progress in cost reductions in the Vietnam business. The main management indicators targeted are as follows: net sales of ¥35.7 billion, ¥41 billion and at least ¥50 billion; operating profit of ¥3.4 billion, ¥4 billion (¥3 billion) and at least ¥7.5 billion; EBITDA of ¥6.7 billion, ¥7.5 billion (¥7 billion) and at least ¥10.5 billion; ROIC of 4.7%, 5% (4%) and at least 9%; ROE of 6.6%, 6% (5%) and at least 11%; DOE of 1.9%, at least 1.8% and at least 1.8%; and a payout ratio of 27.0%, 30% and 30%.」
For the DK-One Next targets for the 73rd fiscal year, the company raised operating profit from ¥3 billion to ¥4 billion, EBITDA from ¥7 billion to ¥7.5 billion and ROIC from 4% to 5%. In the 70th fiscal year results, ROIC of 4.7% and ROE of 6.6% reached the level of the targets set for 2025 in the 73rd fiscal year, while net sales fell short of the 73rd fiscal year target of ¥41 billion. Expanding sales in the strategic fields remains the highest-priority challenge. The company plans to allocate approximately ¥35.6 billion in operating cash flow from FY2026 through FY2032 to ¥7.6 billion in capacity expansion investment in strategic fields, ¥8 billion in research and development investment, ¥7 billion in base-business investment, ¥6.5 billion in growth investment and ¥6.6 billion in shareholder returns. - FY2026-H1AdvancedAnnual report
「As a result, net sales for the first half of the current fiscal year were ¥17,148 million, up 0.8% year on year and representing progress of 50.4% against the earnings forecast of ¥34,000 million. Sales volume increased 0.3% year on year. Operating profit was ¥1,097 million, down 29.4% year on year and representing progress of 109.8% against the earnings forecast of ¥1,000 million, as costs related to investment in personnel and the launch of a new core system increased, despite lower costs associated with launching the Vietnamese subsidiary. Ordinary profit was ¥366 million, representing progress of 183.2% against the earnings forecast of ¥200 million, mainly because the foreign exchange loss recognized on foreign-currency-denominated assets, principally loans to the Vietnamese subsidiary, and the corresponding borrowings of the Vietnamese subsidiary decreased. Progress against the full-year forecast through ordinary profit exceeded 50%, supported by demand above the company's assumptions and cost-reduction initiatives.」
Against the full-year forecast for FY2026 related to DK-One Next, first-half net sales represented progress of 50.4%, operating profit 109.8% and ordinary profit 183.2%. Net sales increased 0.8% year on year and sales volume increased 0.3%; the company explained that demand and cost-reduction initiatives contributed to progress through ordinary profit. - FY2025RaisedAnnual report
「Under this plan, the company has designated semiconductors and electronics, energy, and healthcare as strategic fields. By directing profits generated from its existing automotive emissions-control catalyst and base fields to growth investments, it aims to increase the combined sales mix of strategic fields and new businesses to 30% in FY2029 and at least 50% in FY2032.」
For DK-One Next, the company set targets for the sales mix of strategic fields and new businesses at 30% in FY2029 and at least 50% in FY2032, and introduced ROE and DOE in addition to its existing sales and profit metrics. It also presented a plan to allocate approximately ¥35.5 billion in operating cash flow from FY2026 through FY2032 to ¥7.5 billion in capacity expansion investment in strategic fields, ¥8 billion in research and development investment, ¥7 billion in base-business investment, ¥6.5 billion in growth investment and ¥6.5 billion in shareholder returns, among other uses. - FY2025-H1AdvancedAnnual report
「As a result, net sales for the first half of the current fiscal year were ¥17,012 million, down 3.1% year on year and representing progress of 44.8% against the earnings forecast of ¥38,000 million. Sales volume decreased 2.0% year on year.」
Against the FY2025 earnings forecast of ¥38,000 million related to DK-One Next, the company disclosed first-half net sales of ¥17,012 million, representing progress of 44.8%. Sales volume decreased 2.0% year on year. - FY2024Update full-year results against the medium-term targetsAnnual report
「Under the DK-One Next medium-term management plan announced on 13 May 2022, the company is targeting a FY2026 net sales mix of 22.5% for strategic fields, 55.0% for automotive emissions-control catalysts and 22.5% for base fields, with net sales of ¥40,000 million. In the current fiscal year, the mix was 15.1% for strategic fields, up 0.5% year on year, 65.8% for automotive emissions-control catalysts, down 0.8% year on year, and 19.1% for base fields, up 0.3% year on year, with net sales of ¥35,220 million.」
Against the DK-One Next target for FY2026, FY2024 net sales were ¥35,220 million, with a mix of 15.1% for strategic fields, 65.8% for automotive emissions-control catalysts and 19.1% for base fields. Although the transformation of the business portfolio progressed, the company disclosed the gap between the target mix and the ¥40,000 million net sales target as its full-year results. - FY2024-Q3AdvancedAnnual report
「As a result, net sales for the cumulative third quarter of the current fiscal year were ¥26,733 million, up 1.0% year on year and representing progress of 72.3% against the earnings forecast of ¥37,000 million. Sales volume increased 0.8% year on year.」
For the business portfolio related to DK-One Next, the company updated cumulative third-quarter net sales, sales volume and progress against the earnings forecast. Net sales were ¥26,733 million, representing progress of 72.3% against the earnings forecast. - FY2024-Q2AdvancedAnnual report
「As a result, net sales for the cumulative second quarter of the current fiscal year were ¥17,559 million, up 3.9% year on year and representing progress of 43.9% against the earnings forecast of ¥40,000 million. Sales volume increased 0.6% year on year.」
The company disclosed cumulative second-quarter net sales progress of 43.9% against the DK-One Next earnings forecast of ¥40,000 million. In the strategic fields, energy and healthcare generated higher sales, while semiconductors and electronics generated lower sales. - FY2024-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, the company changed the categories for "major geographic markets" in its disaggregated revenue information from "Japan, Asia, North America, Europe and Other" to "Japan, North America, Europe, East Asia, the Global South and Central Asia." It also changed the categories for "sales by application" from "catalysts, electronic materials and oxygen sensors, fine ceramics, refractories and brake materials, and Other" to "strategic fields (semiconductors and electronics, energy, and healthcare), automotive emissions-control catalysts, and base fields. This change reflects the company's determination that, under the medium-term management plan announced in 2022, these categories are better suited to evaluating and analyzing the company's actual business by visualizing progress toward the transformation of its business portfolio, analyzing sales data according to regional characteristics of industries and markets and the progress of automotive electrification, and making appropriate decisions on the allocation of management resources.」
Regarding the transformation of the business portfolio set out in DK-One Next, the company changed its sales information categories to strategic fields, automotive emissions-control catalysts and base fields, and introduced a management method using these categories to visualize progress and support decisions on the allocation of management resources. Net sales were ¥8,325 million, representing progress of 20.8% against the earnings forecast of ¥40,000 million. - FY2023AdvancedAnnual report
「Under the DK-One Next medium-term management plan announced on 13 May 2022, the company is targeting a FY2026 net sales mix of 22.5% for strategic fields, 55.0% for automotive emissions-control catalysts and 22.5% for base fields, with net sales of ¥40,000 million. In the current fiscal year, the mix was 14.6% for strategic fields, 66.6% for automotive emissions-control catalysts and 18.8% for base fields, with net sales of ¥35,748 million. EBITDA for the current fiscal year increased by ¥1,712 million from ¥6,397 million in the previous fiscal year to ¥8,109 million, while ROIC at the end of the current fiscal year increased by 1.5 percentage points from 5.6% at the end of the previous fiscal year to 7.1%.」
Against the DK-One Next target for FY2026, the company disclosed full-year net sales of ¥35,748 million, the mix by field, EBITDA of ¥8,109 million and ROIC of 7.1%. ROIC exceeded the target of at least 6.0%, while the net sales mix was 14.6% for strategic fields, 66.6% for catalysts and 18.8% for base fields. - FY2023-Q3AdvancedAnnual report
「Under the DK-One Next medium-term management plan announced on 13 May 2022, the company is targeting a FY2026 net sales mix of 22.5% for strategic fields, 55.0% for automotive emissions-control catalysts and 22.5% for base fields, with net sales of ¥40,000 million. In the cumulative third quarter of the current fiscal year, the mix was 13.9% for strategic fields, 66.8% for automotive emissions-control catalysts and 19.3% for base fields, with net sales of ¥26,469 million. In addition, the full-year consolidated earnings forecast announced on 28 October 2022 projects net sales of ¥36,200 million.」
Against the DK-One Next target for FY2026, the company updated cumulative third-quarter net sales and the mix by field. Net sales were ¥26,469 million, with a mix of 13.9% for strategic fields, 66.8% for automotive emissions-control catalysts and 19.3% for base fields. The full-year net sales forecast of ¥36,200 million remains unchanged. - FY2023-Q2AdvancedAnnual report
「Under the DK-One Next medium-term management plan announced on 13 May 2022, the company is targeting a FY2026 net sales mix of 22.5% for strategic fields, 55.0% for automotive emissions-control catalysts and 22.5% for base fields, with net sales of ¥40,000 million. In the cumulative second quarter of the current fiscal year, the mix was 14.7% for strategic fields, 65.9% for automotive emissions-control catalysts and 19.4% for base fields, with net sales of ¥16,900 million. In addition, the full-year consolidated earnings forecast announced on 28 October 2022 projects net sales of ¥36,200 million.」
The company disclosed the net sales mix and net sales achieved in the cumulative second quarter against the DK-One Next target for FY2026, and also presented its full-year net sales forecast of ¥36,200 million. - FY2022ReframedAnnual report
「The company launched the medium-term management plan DK-One Next, covering the fiscal years ending March 2023 through March 2032, to secure the funds for growth from its core automotive emissions-control catalyst materials business while promptly directing management resources toward fields that will become the next pillars of its business.」
The company revised its plan from the previous DK-One Project to DK-One Next, covering the fiscal years ending March 2023 through March 2032. While securing funds from its core catalyst business, it aims to expand its business scope and earnings and establish a foundation for a 100-year company, with semiconductors and electronics, energy, and healthcare designated as strategic fields. Its targets for the fiscal year ending March 2026 are consolidated net sales of ¥40 billion, operating profit of ¥4 billion, EBITDA of ¥9 billion and ROIC of at least 6.0%. - FY2021RestatedAnnual report
「Under the medium- to long-term management policy, the DK-One Project, the company had targeted shipments double those in the fiscal year ended March 2013 and set performance targets for the fiscal year ending March 2023. However, as global vehicle sales are expected to fall short of the initially projected volume due to the impact of the spread of COVID-19, the company revised its quantitative targets to consolidated net sales of ¥33,000 million as a target for business scale, and ordinary profit of ¥3,400 million, EBITDA of ¥6,500 million and ROA of at least 3.5% as targets for profitability and financial discipline.」
The company continues to pursue the purpose of the DK-One Project and the quantitative targets for the fiscal year ending March 2023 revised in light of the impact of COVID-19. - FY2021-Q3RestatedAnnual report
「Under its activity policy, the DK-One Project, covering the fiscal years ending March 2014 through March 2023, the group aims to secure a high market share in global niche markets and expand its business scope through newly developed products in order to remain a leading zirconium company indefinitely. Under the DK-One Project, the company had targeted shipments double those in the fiscal year ended March 2013 and set performance targets for the fiscal year ending March 2023. However, as global vehicle sales are expected to fall short of the initially projected volume due to the impact of the spread of COVID-19 during the second quarter of the current fiscal year, the company revised its quantitative targets to consolidated net sales of ¥33,000 million as a target for business scale, and ordinary profit of ¥3,400 million, EBITDA of ¥6,500 million and ROA of at least 3.5% as targets for profitability and financial discipline.」
The company has reiterated the purpose of the DK-One Project and the revised targets for the fiscal year ending March 2023, which were revised in the previous quarter, without changes. - FY2021-Q2SoftenedAnnual report
「Under the DK-One Project, the company had targeted shipments double those in the fiscal year ended March 2013 and set performance targets for the fiscal year ending March 2023. However, as global vehicle sales are expected to fall short of the initially projected volume due to the impact of the spread of COVID-19, the company revised its quantitative targets to consolidated net sales of ¥33,000 million as a target for business scale, and ordinary profit of ¥3,400 million, EBITDA of ¥6,500 million and ROA of at least 3.5% as targets for profitability and financial discipline.」
The company revised downward the DK-One Project targets for the fiscal year ending March 2023 because vehicle sales had stagnated due to the spread of COVID-19. Consolidated net sales were revised from ¥42,000 million to ¥33,000 million, ordinary profit from ¥5,000 million to ¥3,400 million, EBITDA from ¥9,500 million to ¥6,500 million, and ROA from at least 5.0% to at least 3.5%. - FY2020Specify the quantitative targets for the DK-One ProjectAnnual report
「Under the DK-One Project, the company is targeting shipments double those in the fiscal year ended March 2013. As quantitative targets for business scale, it has set consolidated net sales of ¥42,000 million, and as quantitative targets for profitability and financial discipline, ordinary profit of ¥5,000 million, EBITDA of ¥9,500 million and ROA of at least 5.0%.」
For the previous targets of business expansion and strengthening the earnings base, the company specified quantitative targets for shipments, net sales, ordinary profit, EBITDA and ROA under the DK-One Project covering the fiscal years ending March 2014 through March 2023. - FY2019RestatedAnnual report
「As a medium-term target, we will seek to maintain a consolidated ordinary profit margin of at least 10% and work to use management resources efficiently.」
The company continues to pursue the medium-term target of a consolidated ordinary profit margin of at least 10% and the efficient use of management resources. - FY2018RestatedAnnual report
「As a medium-term target, we will seek to maintain a consolidated ordinary profit margin of at least 10% and work to use management resources efficiently.」
The company continues to pursue the medium-term target of a consolidated ordinary profit margin of at least 10%, as well as profitability and corporate value. - FY2017Specify quantitative targetsAnnual report
「As a medium-term target, we will seek to maintain a consolidated ordinary profit margin of at least 10% and work to use management resources efficiently.」
In addition to the previous overarching goal of further business expansion and strengthening the earnings base, the company specified a medium-term quantitative target of maintaining a consolidated ordinary profit margin of at least 10%. - FY2016First statedAnnual report
「Against this backdrop, we will address the following challenges in order to further expand the business and strengthen the earnings base.」
The company has identified growth and strengthening the earnings base as comprehensive management objectives.