Recovery of gross profit margin by more than 5% through foreign-exchange-linked pricing and a shift to production in Korea
First written in FY2017-Q1. 4 of 12 entries say "Softened", first in FY2017-Q3. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025Target maintained, but actual results fell shortAnnual report
「(FY2025 management targets) 1) Consolidated sales: ¥4 billion or more (target: ¥5 billion) 2) Consolidated operating profit: ¥500 million 3) Consolidated operating margin: 10%」
The VISION25/30 FY2025 targets remain in place, but FY2025 actual results were sales of ¥3.20 billion, operating profit of ¥81 million and an operating margin of approximately 2.5%. - FY2024Target maintained, but actual margin declinedAnnual report
「(FY2025 management targets) 1) Consolidated sales: ¥4 billion or more (target: ¥5 billion) 2) Consolidated operating profit: ¥500 million, mandatory achievement 3) Consolidated operating margin: 10%, mandatory achievement」
The VISION25/30 targets of operating profit of ¥500 million and an operating margin of 10% remain in place, but current-year consolidated operating profit was ¥64 million and the operating margin was approximately 2.0%. - FY2023-Q3SoftenedAnnual report
「In addition, the benefit to exports to South Korea and Taiwan from yen depreciation and South Korean won and Taiwan dollar appreciation was limited by a significant decline in shipment volume in the semiconductor materials business.」
The foreign-exchange-related export benefit expected to support improved profitability was limited by a substantial decline in shipment volume. - FY2023-Q2SoftenedAnnual report
「In addition, the export benefit for the semiconductor materials business from the weaker yen and stronger Korean won and Taiwan dollar in exports to Korea and Taiwan was limited because of a substantial decline in shipment volume, causing the gross profit margin to fall 3.6% year on year.」
The export benefit that underpinned the expected improvement in profitability was limited by lower volume, and the gross profit margin fell 3.6% year on year. - FY2022AdvancedAnnual report
「Consolidated operating profit reached a record high since listing, while the operating margin was 10.5%, well above the new medium-term management plan target of 10.0%.」
Against the new medium-term management plan operating margin target of 10.0%, the current fiscal year achieved 10.5%, exceeding the target. - FY2022-Q3AdvancedAnnual report
「Consolidated group results for the cumulative third quarter increased in both sales and profit across all 3 businesses, and consolidated group operating profit reached a record high since listing. In particular, the operating margin was 11.5%, well above the medium-term management plan target of 10.0%.」
Regarding the previous focus on profitability and profit targets, the operating margin was 11.5%, exceeding the medium-term management plan target of 10.0%. - FY2019ReframedAnnual report
「Against this backdrop, the group launched management reforms aimed at strengthening its financial position, setting as its management targets for 3 years from now, the fiscal year ending March 2021, sales of ¥3 billion, operating profit of ¥300 million, an operating margin of 10%, and early recovery of the large investment associated with construction of the new plant through maximization of EBITDA, operating profit plus depreciation and amortization.」
The previous target of restoring the gross profit margin to the 50% range was no longer stated, and the focus of the targets shifted to recovering the investment through sales, operating profit and operating margin for the fiscal year ending March 2021, and maximization of EBITDA. - FY2018SoftenedAnnual report
「Although the stronger yen and higher labor costs are weighing on profitability, we will pursue higher sales and profit through further market-share gains accompanying the spread of 4K televisions and thorough cost reductions.」
This filing does not state an explicit numerical target of restoring the gross profit margin to the previous level in the 50% range; instead, it refers to higher sales and profit through 4K television market-share gains and cost reductions. - FY2017RestatedAnnual report
「To restore the gross profit margin for the fiscal year from 45.1% to the 50.0% range, we will establish stable production at the Shiga plant as soon as possible and accelerate cost-reduction activities at both sites.」
The target of restoring the semiconductor materials business’s gross profit margin from 45.1% to the 50.0% range remains in place, with stable production at the Shiga plant and cost reductions at both sites as the means. - FY2017-Q3SoftenedAnnual report
「For the time being, we are considering delaying the timing of the move to the Shiga plant in order to meet strong demand. However, to improve the gross profit margin, which fell to 43% due to higher labor costs and the stronger yen, back to its previous level in the 50% range, we will formulate a cost-reduction plan after the move to the Shiga plant is completed and work to improve profitability.」
The gross profit margin fell to 43%, and the target and timing were changed from the previous expression of a recovery of at least 5% to a cost-reduction plan to restore the margin to the 50% range after the full move to the Shiga plant. - FY2017-Q2AdvancedAnnual report
「We expect sales and the gross profit margin to improve substantially through selling price revisions, effectively price increases, applied from the third quarter and an increased proportion of production in Korea. The gross profit margin has improved from an average of 42.9% in the first quarter to 47.6% in September alone.」
Selling price revisions and an increased production ratio in Korea were specifically applied from the third quarter, improving the gross profit margin from the first-quarter average of 42.9% to 47.6% in September alone. - FY2017-Q1First statedAnnual report
「As measures, we will ask customers in Korea and Taiwan, for the first time, to set selling prices linked to foreign exchange rates, while shifting production to place greater weight on our Korean plant. We will work to restore the gross profit margin by at least 5% from the third quarter onward.」
The company stated for the first time a target of restoring the gross profit margin by at least 5% from the third quarter onward, using foreign-exchange-linked selling prices and a shift of production to the Korean plant as measures.