Consolidated Net Sales and Operating Profit Targets for FY2015-FY2017
First written in FY2016. 2 of 3 entries say "Reframed", first in FY2018. Latest entry: FY2019.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2019ReframedAnnual report
「Under the three-year medium-term management plan beginning in FY2016, the Group adopted as its basic policy the goal of “building a higher-value-added business structure by leveraging its core plastics technologies.” It set targets for the final year, FY2018, of operating income of ¥20 billion under Japanese GAAP and return on equity (ROE) of 8%, and worked toward them as a united Group. Although the operating income target was not achieved in the final year due to changes in the business environment and other factors, the results of the business-structure reforms undertaken from the first year made a significant contribution. Operating income exceeded the initial targets in FY2016 and FY2017, enabling the Group to continue building a business platform capable of generating stable profits.」
The Group reviewed the FY2016-FY2018 plan. Although the operating income target was missed in the final year, ROE reached 8.7%, meeting the target discussed later, and the Group moved to a new FY2019-FY2021 plan. - FY2018ReframedAnnual report
「Against this backdrop, under the three-year medium-term management plan launched last year, the Company adopted as its basic policy the goal of “building a higher-value-added business structure by leveraging its core plastics technologies.” It set targets for FY2018 of operating income of ¥20 billion under Japanese GAAP and return on equity (ROE) of 8%,」
The target framework was revised from the FY2015-FY2017 net sales and operating income targets to a three-year plan focused on FY2018 operating income of ¥20 billion and ROE of 8%. - FY2016First statedAnnual report
「Under the medium-term management plan for FY2015-FY2017, the Group set targets of consolidated net sales of ¥260 billion and consolidated operating income of ¥22 billion. With “CS (Customer Satisfaction) First” as its basic policy for business activities, the Group’s management policy is to pursue sustainable growth by proactively promoting collaboration and cooperation both inside and outside the Group, uncovering customers’ true needs in the market, and bringing together the capabilities of individuals, organizations and the Company as a whole.」
Explicitly states the medium-term plan’s financial targets and the approach of achieving them through customer satisfaction and collaboration.