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Nippon Sheet Glass (5202) · InitiativeReframed

4 Key Initiatives in Phase 2 of the MTP

First written in FY2017-Q3. 7 of 14 entries say "Restated". Latest entry: FY2024.

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ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2018-Q3AdvancedFY2018 – FY2019RestatedFY2022-Q2 – FY2023-Q32017: 220172018: 220182019: 120192020: 220202021: 220212022: 120222023: 220232024: 22024
Same theme, other companies
Restructuring the Four Priority Initiatives and Strategy from MTP Phase 2 to 2030 VisionA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2024ReframedAnnual report

    「Based on its review of the previous medium-term management plan, the company will place the 4 Ds—Business Development, Decarbonization, Digital Transformation and Diverse Talent—at the centre of its strategy. By strengthening profitability and cash-generation capacity, it will pursue a fundamental reduction in interest-bearing debt and seek to strengthen its equity capital.」

    The company moved from MTP Phase 2 and RP24 to the new medium-term management plan, 2030 Vision: Shift the Phase, and restructured its strategy through 2030 around the 4 Ds.
  2. FY2024-Q3RestatedAnnual report

    「There were no material changes during the cumulative consolidated third quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, which links the key initiatives of MTP Phase 2 to RP24's structural reforms.
  3. FY2023AdvancedAnnual report

    「・Maintained an equity ratio of more than 10% ・Generated ¥13.9 billion in free cash flow」

    For RP24's 2 key initiatives, the company disclosed an equity ratio of more than 10% and free cash flow of ¥13.9 billion as results achieved.
  4. FY2023-Q3RestatedAnnual report

    「There were no material changes during the cumulative consolidated third quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, which links the key initiatives of MTP Phase 2 to RP24's structural reforms.
  5. FY2022-Q3RestatedAnnual report

    「There were no material changes during the cumulative consolidated third quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, which links the key initiatives of MTP Phase 2 to RP24's structural reforms.
  6. FY2022-Q2RestatedAnnual report

    「There were no material changes during the cumulative consolidated second quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, which links the key initiatives of MTP Phase 2 to RP24's structural reforms.
  7. FY2021ReframedAnnual report

    「On 13 May 2021, the Group announced its new medium-term management plan, the Revival Plan 24 (RP24), covering the 3-year period from the fiscal year ending March 2022 through the fiscal year ending March 2024. To achieve its medium-term vision, the Group will pursue initiatives in 2 steps: Step I, the structural reform period under RP24 covering the fiscal years ending March 2022 through March 2024, and Step II, the period for establishing a sustainable growth cycle from the fiscal year ending March 2025 onward.」

    The plan following the end of MTP Phase 2 was restructured into a 2-stage roadmap, with RP24 designated as the structural reform period and the period from the fiscal year ending March 2025 onward designated as the period for establishing a sustainable growth cycle.
  8. FY2021-Q1RestatedAnnual report

    「There were no material changes during the cumulative consolidated first quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, including the 4 key initiatives of MTP Phase 2.
  9. FY2020ReframedAnnual report

    「The company decided to postpone the announcement of its new medium-term management plan, which was scheduled to begin in the fiscal year ending March 2021, because the outlook for the business environment had become uncertain due to the spread of COVID-19.」

    Regarding the new medium-term management plan following MTP Phase 2, the company temporarily postponed its announcement from the fiscal year ending March 2021 and presented only its long-term direction.
  10. FY2019AdvancedAnnual report

    「Under its growth initiatives, the company has established a leading position in online coating for architectural glass and increased orders for high-value-added automotive glass by advancing its VA No. 1 strategy.」

    For the 4 key initiatives of MTP Phase 2, the company disclosed progress in online-coating leadership, orders for high-value-added automotive glass, productivity improvements and the establishment of shared service centres, among other areas.
  11. FY2018AdvancedAnnual report

    「This fiscal year was the first year of MTP Phase 2. Although the pace of progress differed by business and region, operating profit was in line with the plan announced at the beginning of the fiscal year. Cash flow also generated free cash flow of more than ¥10 billion, as planned at the beginning of the fiscal year.」

    For the first year of MTP Phase 2, the company disclosed that operating profit was in line with the initial plan and that free cash flow exceeded ¥10 billion.
  12. FY2018-Q3RestatedAnnual report

    「There were no material changes during the cumulative consolidated third quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, including the 4 key initiatives of MTP Phase 2.
  13. FY2018-Q2RestatedAnnual report

    「There were no material changes during the cumulative consolidated second quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」

    The company states that there have been no significant changes to its business strategy, including the 4 key initiatives of MTP Phase 2.
  14. FY2017-Q3First statedAnnual report

    「The three-year period from the fiscal year ending March 2018 through the fiscal year ending March 2020 is positioned as MTP Phase 2, and we will launch new initiatives to ensure that our targets are achieved. Under MTP Phase 2, we will focus on four initiatives: the VA No. 1 Strategy, establishing growth drivers, business culture innovation, and strengthening global management. Along with achieving the MTP targets, we aim to stabilise our financial base at an early stage and accelerate growth.」

    MTP Phase 2 is defined as a 3-year period from the fiscal year ending March 2018 through the fiscal year ending March 2020, with 4 new key initiatives established.
Moved together

"Financial Sustainability and MTP Financial Targets" moved the same way as this thread, in the same document, in 4 of its 14 moves.

444433★123456
  1. ★This thread
  2. 1Financial Sustainability and MTP Financial Targets4×
  3. 2Debt Reduction through Profitability Improvement, Working Capital Management and Capital Expenditure Management4×
  4. 3Cost Reduction and Restructuring4×
  5. 4Business structure shift to VA Glass Company4×
  6. 5Risk of raising funds required in the future3×
  7. 6Maximizing Equipment Utilization and Expanding the VA Product Ratio3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nippon Sheet Glass yet.
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4 Key Initiatives in Phase 2 of the MTP | Nippon Sheet Glass Company,Limited (5202) | Komori