Medium-Term Management Plan “Challenge2018”: Consolidated Net Income and Payout Ratio Targets
First written in FY2017. . Latest entry: FY2022.
The whole theme swung hardest in 2024: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2022Mid-term plan concluded with targets missed.Annual report
「We pursued the three-year mid-term management plan “Challenge2021” from FY2019 through FY2021. However, due to changes in the business environment caused by the spread of infectious diseases, the plan ended with its targets for sales, ordinary profit and net income attributable to owners of the parent unmet.」
Challenge2021 concluded as a three-year plan, with the company explicitly stating that its targets for sales, ordinary profit and net income attributable to owners of the parent were missed. - FY2019Mid-term plan concluded with some targets achieved.Annual report
「We formulated and pursued the three-year mid-term management plan “Challenge2018,” beginning in FY2016. However, due to lower sales volumes to the steel, shipbuilding, construction, semiconductor-related and automotive-related industries, which are the main demand sources for our core product, separate gas, all quantitative targets other than ROE, which was achieved for a single fiscal year, and the payout ratio were unfortunately missed.」
For Challenge2018, ROE and the payout ratio were deemed achieved, while the other quantitative targets were deemed missed, and the company moved on to the next plan. - FY2017First statedAnnual report
「In FY2018, we will pursue our business activities toward the quantitative targets of achieving consolidated net income of ¥1.5 billion and a consolidated payout ratio of at least 20% under the mid-term management plan.」
The company first explicitly stated quantitative targets of ¥1.5 billion in consolidated net income and a consolidated payout ratio of at least 20%, with FY2018 as the deadline.