Numerical Targets under the Medium-Term Management Plan for FY2017–FY2019
First written in FY2017. 4 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2022.
The whole theme swung hardest in 2025: 3 of 12 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Against the target of ¥970 billion for operating income excluding the impact of inventory valuation, the forecast as of May 2022 was ¥971.1 billion, indicating that the target was expected to be achieved.」
For the Second Medium-Term Management Plan's target of ¥970 billion in operating income excluding the impact of inventory valuation, an expected achievement of ¥971.1 billion was indicated. - FY2020AdvancedAnnual report
「Although operating income excluding the impact of inventory valuation and ROE fell short of their targets, cumulative free cash flow over 3 years and the net debt-to-equity ratio for the fiscal year achieved their targets, establishing a certain level of financial strength.」
Under the First Medium-Term Management Plan, operating income excluding the impact of inventory valuation and ROE fell short of target, while some numerical targets were achieved with cumulative free cash flow of ¥828.7 billion over 3 years and a net debt-to-equity ratio of 0.70 times. - FY2020-Q3AdvancedAnnual report
「To achieve and maximize integration synergies, defined as ¥100 billion in earnings improvements in fiscal 2019, the final year of the medium-term management plan, we are pursuing rationalization and efficiency improvements in manufacturing, supply, procurement and other divisions. During the first three quarters of the current consolidated cumulative period, we achieved ¥89.4 billion in earnings improvements.」
Against the ¥100 billion earnings improvement target for FY2019, the final year of the First Medium-Term Management Plan, ¥89.4 billion had been achieved on a cumulative basis through the third quarter. - FY2019AdvancedAnnual report
「Our Group will continue management that emphasizes cash flow and capital efficiency, aiming to achieve the targets of the First Medium-Term Management Plan, which ends in FY2019,」
In the final year, operating income was ¥537.1 billion, ROE was 12.3%, and the net debt-to-equity ratio was 0.59 times, indicating progress against the existing targets of operating income of ¥500 billion, ROE of 10% or more, and a net debt-to-equity ratio of 0.7 times or less. - FY2018RestatedAnnual report
「We positioned this medium-term management plan as an “execution plan for fundamental transformation.” Through measures including strengthening the earnings power of core businesses, optimizing the business portfolio, developing and strengthening businesses that will become the pillars of the next generation, and reinforcing the management foundation, we will promote management that emphasizes cash flow and capital efficiency and establish an earnings and financial foundation capable of adapting to changes in the business environment.」
The medium-term management plan targets of operating income of ¥500 billion, cumulative free cash flow of ¥500 billion, a net debt-to-equity ratio of 0.7 times or less, and ROE of 10% or more for FY2019 have been maintained. - FY2018-Q2RestatedAnnual report
「To build a resilient business capable of withstanding low oil prices and achieve sustainable growth, the business is diligently pursuing rigorous selection and concentration and optimization of investment levels under the medium-term management plan,」
The policy of continuing to implement selective concentration and optimize investment scale under the medium-term management plan has been indicated. - FY2017First statedAnnual report
「We positioned this medium-term management plan as an “execution plan for fundamental transformation.” Through measures including strengthening the earnings power of core businesses, optimizing the business portfolio, developing and strengthening businesses that will become the pillars of the next generation, and reinforcing the management foundation, we will promote management that emphasizes cash flow and capital efficiency and establish an earnings and financial foundation capable of adapting to changes in the business environment.」
The targets for FY2019 were operating income of ¥500 billion, cumulative free cash flow of ¥500 billion over 3 years, a net debt-to-equity ratio of 0.7 times or less, and ROE of 10% or more.