Consolidated net sales of ¥84 billion and ordinary profit margin of 6% for FY2019
First written in FY2017. 2 of 5 entries say "Softened", first in FY2019. Latest entry: FY2021.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2021ReframedAnnual report
「Our current management policy is as set out in the medium-term management plan (fiscal 2021-2023) announced on 24 February 2021, and we are working as a group to achieve the following targets.」
The plan has shifted from the previous medium-term management plan targeting consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% to the new medium-term management plan for FY2021-FY2023. - FY2020SoftenedAnnual report
「Although we had aimed to achieve consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% in FY2019, we decided in FY2018 to freeze this medium-term management plan in order to assess the recent decline in earnings power, identify the causes of unprofitability in existing businesses, and prioritize reliable countermeasures. After determining the prospects for a V-shaped recovery, we planned to formulate a new three-year plan and target management indicators in FY2020. Efforts to formulate this new three-year plan were also delayed by the spread of COVID-19.」
With the previous medium-term management plan frozen, the formulation of the new three-year plan itself has also been delayed by the impact of COVID-19. - FY2019SoftenedAnnual report
「Although we had aimed to achieve consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% in FY2019, we decided to freeze this medium-term management plan after assessing the recent decline in earnings power. We will prioritize identifying the causes of unprofitability in existing businesses and implementing reliable countermeasures while recovering progress under the structural reform of the parent company, the FRP (Fukoku Revival Plan).」
The company has frozen the medium-term management plan targeting consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6%, changing its priorities from pursuing the previous targets to restoring earnings power and addressing unprofitable factors. - FY2018RestatedAnnual report
「In fiscal 2016, the group formulated a three-year medium-term management plan centered on structural reform of the core company (FRP = Fukoku Revival Plan), with the aim of achieving consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% in fiscal 2019 while pursuing fundamental improvements in profitability through process innovation and building a strong global management platform.」
The company continues to set the medium-term plan targets of consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% for FY2019. - FY2017First statedAnnual report
「The company aimed to achieve consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% in FY2019.」
As targets under the three-year medium-term management plan centered on FRP, the company presented for the first time specific targets of consolidated net sales of ¥84.0 billion and an ordinary profit margin of 6% for FY2019.