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Serverworks (4434) · TargetReframedLatest Earnings presentation (2026-10-15): "Advanced"

Emphasis on the Operating Margin and Cash Flow

First written in FY2019. 9 of 19 entries say "Restated". Latest entry: 2026-10-18.

19entries
8years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019ReframedFY2020RestatedFY2021 – FY2022-Q2RestatedFY2023-Q1 – FY2025-Q12019: 120192020: 120202021: 220212022: 320222023: 320232024: 320242025: 120252026: 52026
Same theme, other companies
Management indicators emphasizing gross profit margin, operating profit margin, and operating cash flowA theme 11 companies write about · 0 as a headwind · 11 as a tailwind

The whole theme swung hardest in 2024: 2 of 10 companies on the "Worse" side.

0 other companies' latest entry also says "Raised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025ReframedAnnual report

    「The Group places importance on net sales, operating profit, ordinary profit and net income to enhance corporate value and will work to improve them.」

    The Company’s disclosure now adds ordinary profit to its previous emphasis on net sales, operating profit and net income.
  2. FY2025-Q1RestatedAnnual report

    「There were no material changes to the management policies, management strategies or other matters established by the Company during the cumulative first quarter.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales, operating profit and net income.
  3. FY2024Reason for emphasizing absolute amountsAnnual report

    「The Group places importance on net sales, operating profit and net income to enhance corporate value and will work to improve them. In the cloud industry, a growth market in which our Group operates, securing outstanding personnel is the most important challenge. Because upfront costs that contribute to medium- to long-term growth, including personnel and recruitment expenses, are incurred, profit margins are limited in the short term. Accordingly, we regard improvement in the absolute amounts of net sales and profit, rather than profit margins, as important metrics.」

    While maintaining its policy of emphasizing net sales, operating profit and net income, the Company newly explains that short-term profit margins are constrained by upfront personnel and recruitment costs, making absolute net sales and profit amounts more important than margins.
  4. FY2024-Q3RestatedAnnual report

    「There have been no material changes to the management policies, management strategies or other matters established by the company during the nine-month period ended September 30.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales, operating profit and net income.
  5. FY2024-Q2RestatedAnnual report

    「There were no material changes to the management policies, management strategies or other matters established by the Company during the cumulative second-quarter consolidated period.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales, operating profit and net income.
  6. FY2024-Q1RestatedAnnual report

    「There were no material changes to the management policies, management strategies or other matters established by the Company during the cumulative first quarter.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales, operating profit and net income.
  7. FY2023RestatedAnnual report

    「The Group places importance on net sales, operating profit and net income to enhance corporate value and will work to improve them.」

    The Company continues to emphasize net sales, operating profit and net income as its key management metrics.
  8. FY2023-Q2RestatedAnnual report

    「There were no material changes to the management policies, management strategies or other matters established by the Company during the cumulative second-quarter consolidated period.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales, operating profit and net income.
  9. FY2023-Q1RestatedAnnual report

    「There were no material changes to the management policies, management strategies or other matters established by the Company during the cumulative first quarter.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales, operating profit and net income.
  10. FY2022ReframedAnnual report

    「The Group places importance on net sales, operating profit and net income to enhance corporate value and will work to improve them.」

    The Company broadened the scope of its key management metrics by adding net income to its emphasis on net sales and operating profit.
  11. FY2022-Q2RestatedAnnual report

    「There were no material changes to the management policies, management strategies or other matters established by the Company during the cumulative second-quarter consolidated period.」

    The Company reconfirms that there were no material changes to its policy of emphasizing net sales and operating profit.
  12. FY2021RestatedAnnual report

    「To enhance corporate value, we place importance on net sales and operating profit and will work to improve them.」

    The Company continues to emphasize net sales and operating profit as the key management metrics presented in FY2020.
  13. FY2020ReframedAnnual report

    「To enhance corporate value, we place importance on net sales and operating profit and will work to improve them.」

    The Company changed its key management metrics from the operating margin and cash flow to net sales and operating profit.
  14. FY2019First statedAnnual report

    「To enhance corporate value, we place importance on the operating margin and will work to improve it. We will also place importance on cash flow.」

    The Company states its policy of emphasizing the operating margin and cash flow without specifying numerical targets or deadlines.
Moved together

"Concentration of Acceptance Timing and Deterioration in Project Profitability" moved the same way as this thread, in the same document, in 3 of its 19 moves.

32222★12345
  1. ★This thread
  2. 1Concentration of Acceptance Timing and Deterioration in Project Profitability3×
  3. 2Building a partner ecosystem with AWS2×
  4. 3Foreign Exchange Risk from U.S. Dollar-Denominated AWS Resale Transactions2×
  5. 4No-Dividend Policy Prioritizing Growth Investment and Financial Strengthening2×
  6. 5Dependence on the AWS Market and AWS Strategy2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Serverworks yet. It last moved in the Earnings presentation of 2026-10-15: "Advanced".
Emphasis on the Operating Margin and Cash Flow | Serverworks Co.,Ltd. (4434) | Komori