Medium-Term Targets of an Operating Margin of at Least 9% and ROE of 10%
First written in FY2017. 1 of 14 entries say "Advanced", first in FY2018. Latest entry: FY2026.
Nichiban moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 3 of 13 companies on the "Worse" side.
7 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The targets for fiscal 2026 are operating profit of ¥3.6 billion and ROE (return on equity) of 5.1%.」
The wording of the management targets changed from the previous medium-term targets of an operating margin of at least 10% and ROE of 10% to annual targets for fiscal 2026 of operating profit of ¥3.6 billion and ROE of 5.1%. Actual results for the current fiscal year were operating profit of ¥2,270 million and ROE of 3.8%. - FY2025-H1Interim results updateAnnual report
「Operating profit rose 121.8% year on year to ¥1,174 million, due mainly to higher revenue.」
With medium-term targets of an operating margin of at least 10% and ROE of 10%, operating profit for the interim consolidated accounting period was ¥1,174 million. - FY2024-Q3Quarterly update on performance below targetAnnual report
「Operating profit rose 18.5% year on year to ¥1,711 million, due to higher revenue and the impact of price revisions in the Tape Business.」
Revenue was ¥35,504 million and operating profit was ¥1,711 million, resulting in an operating margin of approximately 4.8% for the nine months ended the third quarter. The quarterly results against the medium-term targets of an operating margin of at least 10% and ROE of 10% have been updated. - FY2024-Q2Quarterly update on performance below targetAnnual report
「Revenue was ¥22,458 million, up 4.3% year on year. Operating profit was ¥529 million, up 4.9% year on year.」
With medium-term targets of an operating margin of at least 10% and ROE of 10%, operating profit for the six months ended the second quarter was ¥529 million, updating the quarterly result against the targets. - FY2024-Q1Quarterly update on performance below targetAnnual report
「Although costs increased due to higher raw material unit prices and selling, general and administrative expenses rose due in part to higher business travel expenses following the easing of COVID-19 measures, operating profit increased 71.7% year on year to ¥346 million due to higher sales and other factors.」
Although the medium-term targets of an operating margin of at least 10% and ROE of 10% were not reiterated, first-quarter operating profit was ¥346 million, up 71.7% year on year, marking an updated result. - FY2023-Q3Quarterly update on performance below targetAnnual report
「Operating profit fell 31.0% year on year to ¥1,444 million due to higher costs resulting from increases in raw-material unit prices caused by higher naphtha prices and increases in electricity and fuel costs, as well as higher selling, general and administrative expenses, including higher personnel costs due to increased staffing, increased depreciation following the launch of the new core system, and higher travel and transportation expenses following the easing of restrictions on activities.」
With medium-term targets of an operating margin of at least 10% and ROE of 10%, operating profit for the nine months ended the third quarter was ¥1,444 million, down 31.0% year on year, marking another quarterly result below the target. - FY2023-Q2Quarterly update on performance below targetAnnual report
「Operating profit fell 58.7% year on year to ¥504 million due to higher costs resulting from increases in raw-material unit prices caused by higher naphtha prices and increases in electricity and fuel costs, as well as higher selling, general and administrative expenses, including increased depreciation following the launch of the new core system and higher travel and transportation expenses following the easing of restrictions on activities.」
With medium-term targets of an operating margin of at least 10% and ROE of 10%, operating profit for the six months ended the second quarter was ¥504 million, down 58.7% year on year. - FY2023-Q1Quarterly update on performance below targetAnnual report
「Operating profit decreased 66.6% year on year to ¥201 million, due to higher costs resulting from increases in raw material unit prices caused by higher naphtha prices and other factors, as well as increases in electricity and fuel costs, and higher selling, general and administrative expenses resulting from increased maintenance and depreciation expenses associated with the new core system.」
With medium-term targets including an operating margin of at least 10%, operating profit for the first quarter was ¥201 million, down 66.6% year on year, marking another quarterly result below the target. - FY2022Updated performance below targetAnnual report
「To enhance corporate and shareholder value going forward, the Group has set a medium-term target of an operating margin of at least 10% from a focus on profitability, and aims for a return on equity (ROE) of 10% in terms of the future returns generated by the capital entrusted to management. Return on equity was 4.7%, up 1.1 percentage points year on year.」
The medium-term targets of an operating margin of at least 10% and ROE of 10% remain in place. ROE for the current fiscal year was 4.7%, marking another result below the target. - FY2021Updated performance below targetAnnual report
「・Operating margin (consolidated): 6.8% ・Operating margin (non-consolidated): 5.1%」
The medium-term targets of an operating margin of at least 10% and ROE of 10% remain in place, but the consolidated operating margin for the current fiscal year was 6.8% and ROE was 3.6%. - FY2020Actual results below targetAnnual report
「To enhance corporate and shareholder value going forward, the Group has set a medium-term target of an operating margin of at least 10% from a focus on profitability, and aims for a return on equity (ROE) of 10% in terms of the future returns generated by the capital entrusted to management. Return on equity was 4.8%, down 4.4 percentage points year on year.」
The medium-term targets of an operating margin of at least 10% and ROE of 10% remain in place, while ROE for the current fiscal year was 4.8%. - FY2019RaisedAnnual report
「To enhance corporate and shareholder value going forward, the Group has set a medium-term target of an operating margin of at least 10% from a focus on profitability, and aims for a return on equity (ROE) of 10% in terms of the future returns generated by the capital entrusted to management.」
The previous medium-term operating-margin target of at least 9% has been raised to at least 10%, while the ROE target remains 10%. - FY2018AdvancedAnnual report
「As a result, the operating margin was 9.6%, up 0.4 percentage points year on year. As a result, return on equity was 9.8%, down 0.8 percentage points year on year.」
The operating margin was 9.6% against the medium-term target of at least 9%, while ROE was 9.8% against the target of 10%. - FY2017First statedAnnual report
「To enhance corporate and shareholder value going forward, the Group has set a medium-term target of an operating margin of at least 9% from a focus on profitability, and aims for a return on equity (ROE) of 10% in terms of the future returns generated by the capital entrusted to management.」
An operating margin of at least 9% and ROE of 10% were explicitly stated for the first time as medium-term management targets for enhancing corporate and shareholder value.