Target 25 (Management Targets under the New Medium-Term Management Plan)
First written in FY2020. 10 of 16 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that, even after transitioning from Target 25 to the new medium-term management plan, there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets. - FY2025ReframedAnnual report
「Under its medium-term management plan, the company has established consolidated management targets under NICHIRIN Flow Engineering Challenge 2030 (management targets). The consolidated targets for 2026, the first year of the plan, are as follows. • Consolidated management targets Unit: ¥ millions Targets for the fiscal year ending December 2026 Revenue 78,000 Operating profit 9,300 Operating margin 11.9%」
The company has transitioned from the 2025 targets under Target 25 to the first-year targets for 2026 under the new medium-term management plan, setting revenue at ¥78.0 billion, operating profit at ¥9.3 billion and operating margin at 11.9%. - FY2024SoftenedAnnual report
「• Consolidated management targets Unit: ¥ millions Targets for the fiscal year ending December 2025 Revenue 72,800 Operating profit 9,400 Operating margin 12.9% *Assumes USD 1 = ¥150.」
The 2025 targets for revenue and operating profit were lowered from at least ¥75,000 million and at least ¥9,500 million, respectively, in the previous fiscal year, while the operating margin was raised from at least 12.7% to 12.9%. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets, including Target 25. - FY2023RaisedAnnual report
「• Consolidated management targets Unit: ¥ millions Targets for the fiscal year ending December 2025 Revenue At least 75,000 Operating profit At least 9,500 Operating margin At least 12.7% *Assumes USD 1 = ¥140 and EUR 1 = ¥150.」
The 2025 targets were revised to revenue of at least ¥75,000 million, operating profit of at least ¥9,500 million and an operating margin of at least 12.7%. These figures were raised from the previous targets of revenue of at least ¥66,000 million, operating profit of at least ¥7,500 million and an operating margin of at least 11.4%. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets, including Target 25. - FY2023-Q2RestatedAnnual report
「During the first 2 quarters of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets, including Target 25. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets, including Target 25. - FY2022SoftenedAnnual report
「Although the figures have not been revised from those announced on 14 February 2022, the underlying assumptions have changed significantly. They are currently being reviewed in light of the current economic environment, trends in the automotive industry and exchange-rate movements, among other factors.」
The 2025 target figures themselves have not been revised, but the company states that it is reviewing the targets due to significant changes in the underlying assumptions, explicitly indicating uncertainty regarding the outlook for achieving them. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets, including Target 25. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies or performance indicators for assessing progress toward its targets, including Target 25. - FY2021RaisedAnnual report
「Having completed 2021, the first year of the medium-term management plan, we have revised the consolidated management targets for 2025 announced on 3 December 2020, taking into account exchange-rate levels and changes in the business environment for each segment. Revenue: at least 63,500 | at least 66,000 | +2,500 Operating profit: at least 6,800 | at least 7,500 | +700 Operating margin: at least 10.7% | at least 11.4%」
The 2025 targets were raised from revenue of at least ¥63,500 million to at least ¥66,000 million and operating profit of at least ¥6,800 million to at least ¥7,500 million. The operating margin target was also set at 11.4% or higher. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies, including Target 25, or the indicators used to assess progress toward achieving its targets. - FY2021-Q2RestatedAnnual report
「During the first 2 quarters of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies, including Target 25, or the indicators used to assess progress toward achieving its targets. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to the management policies, management strategies or other matters established by the Group, or to the objective indicators used to assess progress toward its management targets.」
The company states that there have been no material changes to its management policies, management strategies, including Target 25, or the indicators used to assess progress toward achieving its targets. - FY2020First statedAnnual report
「Under the new medium-term management plan, the company has established the following consolidated management guidelines and consolidated management targets as Target 25 (management targets). In setting these targets, 2022 is positioned as a period of steady recovery from the COVID-19 pandemic, and 2025 as a post-COVID growth period. • Consolidated management guidelines: consolidated net sales of at least ¥63.5 billion; operating margin of at least 10%; net income attributable to owners of the parent of at least 5%. • Consolidated management targets: fiscal 2022 (plan), consolidated net sales 60,000, operating income 5,900; fiscal 2025 (plan), consolidated net sales 63,500, operating income 6,800.」
In the new medium-term management plan, the company positioned 2022 as a recovery period and 2025 as a post-COVID growth period, and established management guidelines covering net sales and operating margin, as well as numerical targets for fiscal 2022 and fiscal 2025, for the first time.