Establishing the Foundation for a V-Shaped Recovery in Fiscal 2019 and Formulating a New Three-Year Plan from Fiscal 2020
First written in FY2019. 3 of 9 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2019: 12 of 76 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2024Some targets of the previous medium-term plan achievedAnnual report
「Although automobile production declined due to COVID-19 and resource prices rose amid the situation in Ukraine, as shown below, we achieved all targets other than the ordinary profit margin.」
The company explained that it achieved all targets other than the ordinary profit margin under the medium-term management plan for FY2021 to FY2023, and subsequently moved to the New Medium-Term Management Plan 2026. - FY2023ReframedAnnual report
「The previous medium-term management plan focused on strengthening the company's operating base, and we believe that the groundwork has been completed. In addition to the two pillars of the current medium-term management plan's business strategy, “strengthening existing businesses” and “expanding growth and new businesses,” we aim to maximize profitability by reforming our management platform with an emphasis on each aspect of ESG.」
The company has moved from the FY2021-2023 plan to the “New Medium-Term Management Plan 2026,” based on the view that efforts to strengthen its operating base have been completed. It aims to maximize profitability through existing businesses, growth and new businesses, and ESG-based management platform reform. - FY2022RestatedAnnual report
「In the fiscal year ending March 2024, the Group is working to further expand its existing businesses, create new businesses, promote rationalization, and improve productivity in order to achieve targets of consolidated net sales of ¥80 billion, an ordinary profit margin of 7%, and ROE of 8%.」
The company continues to pursue the targets of its current medium-term plan: consolidated net sales of ¥80 billion, an ordinary profit margin of 7%, and ROE of 8% in FY2023 and the fiscal year ending March 2024. - FY2021AdvancedAnnual report
「(Targets) FY2023: consolidated net sales of ¥80 billion, ordinary profit margin of 7%, ROE of 8%, and consolidated dividend payout ratio of 30%」
Following the delay in formulating the new 3-year plan, the company has disclosed specific management targets for FY2023: net sales, ordinary profit margin, ROE, and dividend payout ratio. - FY2020SoftenedAnnual report
「Efforts to formulate this new 3-year plan had also been delayed by the spread of COVID-19, but, assuming that the impact of further outbreaks will subside, we will proceed with its formulation promptly and disclose it in a timely manner together with the management indicators targeted by the Group.」
The policy of formulating a new 3-year plan remains in place, but its formulation has been delayed by the spread of COVID-19, and specific management indicators have yet to be disclosed. - FY2020-Q3RestatedAnnual report
「In order to continue providing products and services that meet the needs of customers worldwide, we will draw on the full strength of the group to establish a structure for the next phase of growth.」
The company does not disclose a specific new 3-year plan or management indicators and continues to refer to “building an organization geared toward the next stage of growth.” - FY2020-Q2RestatedAnnual report
「In order to continue providing products and services that meet the needs of customers worldwide, we will draw on the full strength of the group to establish a structure for the next phase of growth.」
The company does not use the specific expressions “V-shaped recovery in FY2019” and “new 3-year plan for FY2020,” and continues to refer to “building an organization geared toward the next stage of growth.” - FY2020-Q1SoftenedAnnual report
「To continue providing products and services that meet the needs of customers around the world, we will draw on the full strength of the Group to build an organization geared toward the next stage of growth.」
Rather than repeating the specific references made in the previous period to the foundation for a V-shaped recovery in FY2019 and the new 3-year plan for FY2020, the company uses the more general expression “building an organization geared toward the next stage of growth.” - FY2019First statedAnnual report
「While firmly establishing the foundation for a V-shaped recovery in FY2019, we plan to formulate a new 3-year plan and target management indicators in FY2020.」
The company has for the first time explicitly stated its policy of establishing the foundation for a V-shaped recovery in FY2019 and formulating a new 3-year plan and management indicators in FY2020, replacing the frozen previous medium-term management plan.