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Itfor (4743) · TargetFailure to meet the financial targets in the second year of the Fourth Medium-Term Management Plan

Numerical Targets under the Medium-Term Management Plan

First written in FY2016. 8 of 18 entries say "Restated". Latest entry: FY2026.

18entries
11years
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ProgressHeldSoftenedWorseOtherFY2019-Q2 – FY20262016: 320162017: 220172018: 320182019: 320192020: 220202021: 120212022: 020222023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Setting and achieving performance targets under the medium-term management planA theme 791 companies write about · 75 as a headwind · 1062 as a tailwind

The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.

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Showing 14 of the 133 companies compared. The sentences above are computed from all 133.Comparing 200 of the theme's 1182 threads.
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  1. FY2026Failure to meet the financial targets in the second year of the Fourth Medium-Term Management PlanAnnual report

    「In FY2025, the second year of the Fourth Medium-Term Management Plan "FLY ON 2026," which covers the 3-year period from FY2024 to FY2026 to realize the FY2033 vision "HIGH FIVE 2033," the Company set financial targets of revenue of ¥23.4 billion and operating profit of ¥4.1 billion. Revenue fell short of target at 98.7% because, although revenue increased in systems for financial institutions, systems for local governments and CTI systems, its main business areas, revenue declined in retail and e-commerce systems, communications systems and the payment business. Operating profit fell short of target at 94.1%, as the slight decline in gross profit margin prevented the Company from covering the increase in selling, general and administrative expenses associated with improving the office environment.」

    In the second year of the Fourth Medium-Term Management Plan, revenue reached 98.7% of the ¥23.4 billion target and operating profit 94.1% of the ¥4.1 billion target, with both falling short.
  2. FY2025Failure to meet the target in the first year of the Fourth Medium-Term Management PlanAnnual report

    「In FY2024, the first year of the Fourth Medium-Term Management Plan "FLY ON 2026," which covers the 3-year period from FY2024 to FY2026 to realize the FY2033 vision "HIGH FIVE 2033," the Company set financial targets of revenue of ¥22 billion and operating profit of ¥3.8 billion. Revenue fell short of target at 93.4% because, although revenue increased in systems for financial institutions and public-sector (BPO) services, its main business areas, revenue declined in communications systems, the payment business and CTI systems. Operating profit also fell short of target at 93.0%, as the decline in revenue and active investment in human resources outweighed the improvement in gross profit margin. ROE and ROIC exceeded the 13.8% target and remained at high levels.」

    In the first year of the Fourth Medium-Term Management Plan, revenue reached 93.4% of its target and operating profit 93.0%, both falling short, while ROE and ROIC exceeded the current fiscal year's target of 13.8%.
  3. FY2024Previous plan's revenue shortfall and operating profit outperformanceAnnual report

    「Revenue fell slightly short of the target due to the timing of revenue recognition (98.3%). As the operating profit target was achieved in the second year, the target was revised upward to ¥3.4 billion, and the result of ¥3.7 billion exceeded even the revised target. ROE and ROIC exceeded the 13% targets and remained at high levels.」

    Under the Third Medium-Term Management Plan, the revenue target was not achieved, with performance at 98.3% of target, while operating profit reached ¥3.7 billion, exceeding the upwardly revised initial target of ¥3.4 billion, and ROE and ROIC also exceeded the 13% target.
  4. FY2023Operating profit target achieved ahead of scheduleAnnual report

    「For the consolidated fiscal year under review, revenue was ¥18,322 million, up 107.6% year on year, operating profit was ¥3,217 million, up 106.1%, ordinary profit was ¥3,278 million, up 105.5%, and net income attributable to owners of the parent was ¥2,291 million, up 108.5%, resulting in higher revenue and earnings. In addition to setting record highs for both revenue and earnings, operating profit achieved the medium-term management plan's target one year ahead of schedule.」

    Operating profit was ¥3,217 million, achieving the medium-term management plan's target one year ahead of schedule. However, it is not stated that all of the medium-term management plan's targets, including revenue of ¥21 billion, were achieved.
  5. FY2021Partial achievement of the previous plan's quantitative targetsAnnual report

    「For the fiscal year ending March 2021, revenue was ¥16,289 million and ROE was 12.7%, achieving their targets. Operating profit, however, was ¥2,186 million and fell short of its target, partly because the contribution to earnings from the public-sector business and the launch of new businesses were delayed.」

    The previous medium-term management plan's revenue target of ¥14 billion and ROE target of at least 10% were achieved, while operating profit fell short of the ¥2.3 billion target at ¥2,186 million.
  6. FY2020Presentation of the next earnings forecastAnnual report

    「The Group will strengthen its earnings structure and work to enhance corporate value and achieve sustainable growth by working together on the following key challenges set out in the medium-term management plan "Challenge to 2020," announced on 18 May 2018, in order to achieve its consolidated earnings forecast for the fiscal year ending March 2021 of revenue of ¥14.5 billion and operating profit of ¥1.8 billion.」

    While maintaining the targets under the previous medium-term management plan, the Company presented an earnings forecast for the fiscal year ending March 2021 of revenue of ¥14.5 billion and operating profit of ¥1.8 billion.
  7. FY2020-Q3RestatedAnnual report

    「Against this backdrop, the Group is pursuing its business with the aim of achieving the targets set out in the medium-term management plan "Challenge to 2020," announced on 18 May 2018: revenue of ¥14 billion, operating profit of ¥2.3 billion, and ROE of at least 10%.」

    The medium-term management plan's numerical targets of revenue of ¥14 billion, operating profit of ¥2.3 billion and ROE of at least 10% have been restated.
  8. FY2020-Q2RestatedAnnual report

    「Against this backdrop, the Group is pursuing its business with the aim of achieving the targets set out in the medium-term management plan "Challenge to 2020," announced on 18 May 2018: revenue of ¥14 billion, operating profit of ¥2.3 billion, and ROE of at least 10%. Under the plan, it has adopted maintaining competitiveness in strong business areas, expanding sales of strategic products, developing new markets, and acquiring and deploying new technologies as its basic policies, while steadily implementing the related measures and strengthening its group of companies.」

    The plan's numerical targets, name and 4 basic policies have been maintained.
  9. FY2020-Q1RestatedAnnual report

    「Under the plan, the Company has adopted maintaining competitiveness in strong business areas, expanding sales of strategic products, developing new markets, and acquiring and deploying new technologies as its basic policies, while steadily implementing the related measures and strengthening its group of companies.」

    The plan, including its targets of revenue of ¥14 billion, operating profit of ¥2.3 billion and ROE of at least 10% for the fiscal year ending March 2021, and its 4 basic policies, has been continued.
  10. FY2019-Q3RestatedAnnual report

    「Against this backdrop, the Group formulated the medium-term management plan "Challenge to 2020," which targets revenue of ¥14 billion over the 3-year period from FY2018 to FY2020. It is working to maintain competitiveness in strong business areas, expand sales of strategic products, develop new markets, and acquire and deploy new technologies.」

    The revenue target of ¥14 billion, the plan period and the key initiatives have been restated.
  11. FY2019-Q2RestatedAnnual report

    「The Company formulated the medium-term management plan "Challenge to 2020," which targets revenue of ¥14 billion over the 3-year period from FY2018 to FY2020, and is working to maintain competitiveness in strong business areas, expand sales of strategic products, develop new markets, and acquire and deploy new technologies.」

    The revenue target of ¥14 billion, the plan period and the key initiatives have been restated.
  12. FY2019-Q1ReframedAnnual report

    「The Company formulated the medium-term management plan "Challenge to 2020," which targets revenue of ¥14 billion over the 3-year period from FY2018 to FY2020,」

    The previous targets of revenue of ¥15 billion, operating profit of ¥2 billion and ROE of at least 10% have changed under the new plan to a revenue target of ¥14 billion for FY2018 to FY2020.
  13. FY2018DroppedAnnual report

    「Specifically, the Group will work together on the following key challenges to enhance corporate value over the long term.」

    The numerical targets under the previous medium-term management plan, namely revenue of ¥15 billion, operating profit of ¥2 billion and ROE of at least 10%, are not stated.
  14. FY2017SoftenedAnnual report

    「Against this backdrop, the Group formulated the medium-term management plan "Step Up Next 150-2018." In the current fiscal year, the interim year of the plan, it is working to achieve sustained growth in existing businesses, continually improve the quality of its system solutions, and strengthen group management.」

    The numerical targets of revenue of ¥15 billion, operating profit of ¥2 billion and ROE of at least 10% have not been restated in the current fiscal year's results presentation.
  15. FY2017-Q3RestatedAnnual report

    「Against this backdrop, the Group formulated the medium-term management plan "Step Up Next 150-2018," which targets revenue of ¥15 billion over the 3-year period from FY2015 to FY2017. In the current fiscal year, the interim year of the plan, it is working to achieve sustained growth in existing businesses, continually improve the quality of its system solutions, and strengthen group management.」

    The ¥15 billion revenue target and the plan period have been restated. No new reference has been made to operating profit of ¥2 billion or ROE of at least 10%.
  16. FY2017-Q2RestatedAnnual report

    「Against this backdrop, the Group formulated the medium-term management plan "Step Up Next 150-2018," which targets revenue of ¥15 billion over the 3-year period from FY2015 to FY2017. In the current fiscal year, the interim year of the plan, it is working to achieve sustained growth in existing businesses, continually improve the quality of its system solutions, and strengthen group management.」

    The ¥15 billion revenue target and the plan period have been restated. No new reference has been made to operating profit of ¥2 billion or ROE of at least 10%.
  17. FY2017-Q1RestatedAnnual report

    「Against this backdrop, the Group formulated the medium-term management plan "Step Up Next 150-2018," which targets revenue of ¥15 billion over the 3-year period from FY2015 to FY2017. In the current fiscal year, the interim year of the plan, it is working to achieve sustained growth in existing businesses, continually improve the quality of its system solutions, and strengthen group management.」

    The ¥15 billion revenue target has been restated. No new reference has been made in the quarterly report to operating profit of ¥2 billion or ROE of at least 10%.
  18. FY2016First statedAnnual report

    「The targets for the fiscal year ending March 2018 are revenue of ¥15 billion, operating profit of ¥2 billion and ROE of at least 10%.」

    Revenue, operating profit and ROE are explicitly stated as the 3 targets for the fiscal year ending March 2018.
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Numerical Targets under the Medium-Term Management Plan | ITFOR Inc. (4743) | Komori