Challenge 2020: Restructuring for a Borderless Business and Establishing the Next Generation of Growth Drivers
First written in FY2016. 24 of 28 entries say "Restated". Latest entry: 2026-05-14.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- 2026-05-14ReframedManagement planSuggests it is closing out
「当社は、2026 年度を初年度とする新たな５ヵ年中期経営計画を策定いたしましたので、お知らせいたします。」
Challenge2020に由来する従来の計画体系から、新たな5カ年中期経営計画へ経営計画の枠組みが切り替えられた。 - FY2024-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that the existing medium-term management plan framework remains in place. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
Reaffirms that there were no material changes to the management policies or strategies. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies, including its existing medium-term management plan. - FY2023RestatedAnnual report
「Our Group has launched a new medium-term management plan, “Change & Evolution 2025,” with fiscal 2021 as its first year and covering 2021 through 2025. In preparation for our 100th anniversary in 2025, the new plan aims to build the foundation for growth over the “next 100 years” by transforming and evolving our business structure.」
The Company continues Change & Evolution 2025 as its plan for fiscal 2021 through fiscal 2025 and reconfirms its objectives of transforming and evolving the business structure and building a foundation for growth toward 2025. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Change & Evolution 2025, remain in place. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that the existing medium-term management plan framework remains in place. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Group reconfirms that there have been no material changes to its management policies or strategies, including the transition from Challenge 2020 to Change & Evolution 2025. - FY2022RestatedAnnual report
「Our Group has launched a new medium-term management plan, “Change & Evolution 2025,” with fiscal 2021 as its first year and covering 2021 through 2025. In preparation for our 100th anniversary in 2025, the new plan aims to build the foundation for growth over the “next 100 years” by transforming and evolving our business structure.」
Change & Evolution 2025 continues to target business transformation and evolution and the creation of a foundation for growth, covering fiscal 2021 through fiscal 2025. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies, including its existing medium-term management plan. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
Reaffirms that there were no material changes to the management policies or strategies. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Group reconfirms that there have been no material changes to its management policies or strategies, including the transition from Challenge 2020 to Change & Evolution 2025. - FY2021ReframedAnnual report
「Under the previous medium-term management plan, “Challenge2020” (the five-year period from 2016 to 2020), we worked to establish the next generation of growth drivers and lay the foundation for sustainable growth through “Restructuring for a Borderless Business and Steps Toward Renewal.” We were unable to achieve the plan due in part to rapid changes in the external environment that exceeded expectations, but we did achieve steady improvements in our business foundation and other areas.」
Challenge2020 was concluded as having fallen short of its targets, although the Company explained that it had strengthened its foundation. The plan has transitioned to its successor, Change & Evolution 2025. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Challenge2020, remain in place. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies, including Challenge2020. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies, including Challenge2020. - FY2020-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Challenge2020, remain in place. - FY2020-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Challenge2020, remain in place. - FY2020-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Challenge2020, remain in place. - FY2019RestatedAnnual report
「In March 2016, our Group announced the medium-term management plan “Challenge2020: Restructuring for a Borderless Business and Steps Toward Renewal,” designating the five-year period through 2020 as “five years to establish the next generation of growth drivers and lay the foundation for sustainable growth.” We are pursuing the following three basic policies.」
Challenge2020 continued into its fourth year, with the targets of ¥51.0 billion in fiscal 2020 net sales, approximately ¥1.0 billion in net income, ROE of more than 5%, and a 30% payout ratio reiterated. Fiscal 2019 results were net sales of ¥45,916.04 million, net income attributable to owners of the parent of ¥554.31 million and ROE of 4.2%, confirming the gap to the targets. - FY2019-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Challenge2020, remain in place. - FY2019-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies and that existing policies, including Challenge2020, remain in place. - FY2019-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Company reconfirms that there were no material changes to its management policies or strategies, including Challenge2020. - FY2018AdvancedAnnual report
「The current consolidated fiscal year is the second year of the medium-term management plan “Challenge2020.” As in the previous fiscal year, we were able to report results that generally exceeded the interim targets, although some of this performance was supported by economic conditions that were more favorable than anticipated.」
The Company assesses its performance in the second year of the medium-term plan as generally exceeding the interim targets, as it did in the previous fiscal year. It also notes that the results were partly supported by stronger-than-expected economic conditions. - FY2018-Q3RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative third quarter of the current consolidated fiscal year.」
The Company continues to state that there were no material changes to its management policies or strategies. - FY2018-Q2RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative second quarter of the current consolidated fiscal year.」
The Company again explicitly states that there were no material changes to its management policies or strategies. - FY2018-Q1RestatedAnnual report
「There have been no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter of the current consolidated fiscal year.」
The Company explicitly states that there were no material changes during the quarter to its management policies or strategies, including Challenge2020. - FY2016First statedAnnual report
「In March 2016, our Group announced the medium-term management plan “Challenge2020: Restructuring for a Borderless Business and Steps Toward Renewal.” We have designated the five-year period from 2016 to 2020 as “five years to establish the next generation of growth drivers and lay the foundation for sustainable growth,” and are pursuing three basic policies: ① steering strategy toward the next generation, ② strengthening the management foundation, and ③ enhancing brand value. The targets for fiscal 2020 are net sales of ¥51,000 million, net income of approximately ¥1,000 million, consolidated ROE of at least 5% to improve capital efficiency, and a payout ratio of 30%.」
This is the first disclosure of a five-year medium-term management plan covering fiscal 2016 through fiscal 2020, together with numerical targets for net sales, profit, ROE and the payout ratio.