Financial, Shareholder Return and Environmental Targets under the Second Medium-Term Management Plan
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2023Some targets under the Second Medium-Term Management Plan achieved and others missedAnnual report
「Of the financial targets for business performance, only the net debt-to-equity ratio was achieved, due mainly to lower sales of petroleum and petrochemical products and refinery troubles resulting from the impact of the COVID-19 pandemic.」
Under the Second Medium-Term Management Plan, the net debt-to-equity ratio reached 0.76 times and the target was achieved, while several financial targets were missed, including operating profit excluding inventory valuation effects of ¥877.6 billion, ROE of 5% and free cash flow of negative ¥231.7 billion. The total payout ratio of 66% and CO2 emissions reductions of 4.3 million tonnes exceeded their targets. - 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.」
Regarding the performance targets under the Second Medium-Term Management Plan, operating profit excluding inventory valuation effects is expected to reach ¥971.1 billion. Free cash flow, however, is expected to be negative ¥40 billion. - FY2021First statedAnnual report
「Performance targets and other targets for each performance indicator were established based on the Second Medium-Term Management Plan and the Second Medium-Term Environmental Management Plan, as follows.」
For fiscal 2020 through fiscal 2022, the Company explicitly set targets for executive compensation, including operating profit excluding inventory valuation effects of ¥970 billion, free cash flow of ¥150 billion, a net debt-to-equity ratio of 0.8 times or less, ROE of 10% or more, a total payout ratio of 50% or more, and CO2 emissions reductions of 4.28 million tonnes.