NGS2020 Consolidated Management Guidelines for 2020
First written in FY2016. 8 of 22 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「Under its medium-term management plan, the company has established consolidated management targets as Target 25 (management targets). The consolidated management targets for 2025, the final year, are as follows. The results of the acquired company, ATCO PRODUCTS LLC., described in “5. Accounting Information, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Significant Subsequent Events),” are not included in these targets. • Consolidated Management Targets Unit: ¥ million Target for the fiscal year ending December 2025 Net sales 72,800 Operating income 9,400 Operating margin 12.9%」
The 2025 targets have been lowered from the previous fiscal year's targets of net sales of at least ¥75,000 million and operating income of at least ¥9,500 million to net sales of ¥72,800 million and operating income of ¥9,400 million. Meanwhile, the operating margin target has been 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 indicators used to assess progress toward its targets. - 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 indicators used to assess progress toward its targets. - 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 indicators used to assess progress toward its targets. - FY2022-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 indicators used to assess progress toward its targets following NGS2020. - 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 or indicators used to assess progress toward its targets. The equity ratio is 59.7%. - FY2021-Q2AdvancedAnnual report
「The equity ratio was 58.7%, an increase of 0.6 percentage points from the end of the previous consolidated fiscal year.」
The equity ratio was 58.7%, up 0.6 percentage points from the end of the previous consolidated fiscal year. It continues to exceed the NGS2020 indicator level of at least 50%. - FY2020Partial achievement confirmed; annual target not achievedAnnual report
「Although 2020, the final year of Phase II, saw a substantial decline in revenue and profit due to the stagnation of economic activity worldwide caused by the COVID-19 pandemic, the Group had largely achieved the 2020 consolidated management guidelines established when NGS2020 was formulated through 2019. It is building a stronger management foundation and establishing a framework to prevail in increasingly intense global competition.」
Regarding the final year of Phase II of NGS2020, the company explains that it had largely achieved the guidelines through 2019, while 2020 saw a substantial decline in revenue and profit due to the COVID-19 pandemic. In 2020 results, the operating margin of 8.4% and equity ratio of 58.1% exceeded the guidelines, while net sales of ¥51,505 million and net income attributable to owners of the parent margin of 4.6% fell below the previous guidelines. - FY2020-Q3RaisedAnnual report
「In light of these circumstances, the company has reflected the impact in its accounting estimates, including the recoverability of deferred tax assets and impairment of fixed assets, based on an outlook for full-year consolidated net sales of ¥50,000 million, operating income of ¥3,700 million, ordinary income of ¥3,800 million, and net income attributable to owners of the parent of ¥2,100 million.」
The outlook for net sales and profit has been raised from the full-year 2020 forecast presented in the previous quarter: net sales of ¥49,000 million, operating income of ¥2,400 million, ordinary income of ¥2,600 million, and net income attributable to owners of the parent of ¥1,450 million. - FY2020-Q2SoftenedAnnual report
「As of the date of submission of this quarterly report, the full-year consolidated earnings forecast for the fiscal year ending December 2020, which is an objective indicator used to assess progress toward the management targets, is as follows: net sales: ¥49,000 million; operating income: ¥2,400 million; ordinary income: ¥2,600 million; net income attributable to owners of the parent: ¥1,450 million.」
The company has specified a full-year earnings forecast below the 2020 target presented at the end of the previous fiscal year. The equity ratio is 59.4%, exceeding the previous indicator of at least 50%. - FY2020-Q1SoftenedAnnual 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. As of the date of submission of this quarterly report, the full-year consolidated earnings forecast for 2020, which is an objective indicator used to assess progress toward the management targets, had not been determined.」
While stating that there have been no material changes to its management policies, strategies or indicators, the company has not determined its full-year consolidated earnings forecast for 2020, leaving the outlook for short-term performance targets unclear. - FY2019SoftenedAnnual report
「2020 Consolidated Management Targets (New Targets): Net sales 62,000; operating income 6,300; ordinary income 6,300; net income attributable to owners of the parent 3,300」
Compared with the previous 2020 targets of net sales of at least ¥60,500 million, operating income and ordinary income of at least ¥8,700 million each, and net income attributable to owners of the parent of at least ¥5,400 million, the new targets raise net sales to ¥62,000 million while substantially lowering the profit targets. - FY2019-Q3RestatedAnnual report
「The equity ratio was 55.9%.」
The equity ratio is 55.9%, continuing to exceed the NGS2020 target level of at least 50%. The company states that there have been no material changes to its management policies or target indicators. - FY2019-Q2AdvancedAnnual report
「Equity ratio (%) 55.1 56.4 55.9」
The equity ratio is 56.4%, remaining above the NGS2020 target level of 50% or higher. - FY2019-Q1RestatedAnnual report
「Equity ratio (%) 53.0 55.7 55.9」
The equity ratio is 55.7%, remaining above the NGS2020 target level of 50% or higher. - FY2018-Q3AdvancedAnnual report
「Equity ratio (%) 52.2 55.6 53.0」
The equity ratio for the current third quarter of the consolidated accounting period is 55.6%, remaining above the NGS2020 target level of 50% or higher. - FY2018-Q2AdvancedAnnual report
「Equity ratio (%) 51.7 55.1 53.0」
The equity ratio for the current second quarter of the consolidated accounting period is 55.1%, remaining above the NGS2020 target level of 50% or higher. - FY2018-Q1RestatedAnnual report
「Equity ratio (%) 50.8 53.0 53.0」
The equity ratio is 53.0%, remaining above the NGS2020 target level of 50% or higher. - FY2017RaisedAnnual report
「As Phase II (2018–2020) begins this year, and in light of the fact that the operating profit margin of 8% or higher, the net profit margin attributable to owners of the parent of 5% or higher, and the equity ratio of 50% or higher set in the 2020 Consolidated Management Guidelines when the medium-term management plan NGS2020 was formulated have already been achieved, the following consolidated management targets have been set for 2020, the final year: revenue of 60,500 or more, operating profit of 8,700 or more, ordinary profit of 8,700 or more, and net profit attributable to owners of the parent of 5,400 or more.」
It states that the previous targets of an operating profit margin of 8% or higher, a net profit margin attributable to owners of the parent of 5% or higher, and an equity ratio of 50% or higher had already been achieved, and that Phase II set new numerical targets for 2020 of revenue of at least ¥60,500 million, operating profit and ordinary profit of at least ¥8,700 million each, and net profit attributable to owners of the parent of at least ¥5,400 million. - FY2017-Q3AdvancedAnnual report
「Equity ratio (%) 50.1 52.2 50.3」
The equity ratio for the cumulative third quarter of the 134th fiscal period is shown as 52.2%, above the NGS2020 target level of 50% or higher. It does not state that the target had been fully achieved by the target deadline of 2020. - FY2017-Q2AdvancedAnnual report
「Equity ratio (%) 49.4 51.7 50.3」
The equity ratio for the cumulative second quarter of the 134th fiscal period is shown as 51.7%, above the NGS2020 target level of 50% or higher. However, the target was to maintain this level through 2020, so this statement alone does not indicate that the target has been fully achieved. - FY2016First statedAnnual report
「・2020 Consolidated Management Guidelines Revenue 30% increase (versus 2013) Operating profit margin Maintain at 8% or higher Net profit margin Maintain at 5% or higher Equity ratio 50% or higher」
The numerical targets confirmed for the first time are a 30% increase in revenue in 2020 versus 2013, an operating profit margin of 8% or higher, a net profit margin of 5% or higher, and an equity ratio of 50% or higher.