Achievement of FY2023 targets under the 23 Medium-Term Management Plan and the building of a resilient earnings base
First written in FY2021. 1 of 6 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 5 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2024Plan period ended; final-year targets not achievedAnnual report
「Our group set an operating margin of at least 11% and ROE of 10% as its management targets for fiscal 2023 under the 23 Medium-Term Management Plan and worked to achieve them. However, fiscal 2023 results fell below the targets, with an operating margin of 6.4% and ROE of 8.2%.」
In the final year of the 23 Medium-Term Management Plan, the operating margin was 6.4% and ROE was 8.2%, both below the targets of at least 11% and 10%, respectively. - FY2023Annual results fell short of targetsAnnual report
「Our group set an operating margin of at least 11% and ROE of 10% as its management targets for fiscal 2023 under the 23 Medium-Term Management Plan and has been working to achieve them. However, fiscal 2022 results fell substantially below the targets, with an operating margin of 0.6% and ROE of negative 6.6%.」
Against the fiscal 2023 targets of the 23 Medium-Term Management Plan, fiscal 2022 results were an operating margin of 0.6% and ROE of negative 6.6%, substantially below the targets. - FY2023-Q3Significant decline in profit and loss for the cumulative third quarterAnnual report
「Against this backdrop, revenue for the cumulative third quarter was ¥600.348 billion (an increase of ¥72.458 billion from the same period of the previous year), operating profit was ¥3.392 billion (a decrease of ¥36.248 billion), ordinary profit was ¥3.526 billion (a decrease of ¥38.175 billion), and net loss attributable to owners of the parent was ¥17.665 billion (compared with net income attributable to owners of the parent of ¥29.585 billion in the same period of the previous year).」
During the implementation period of the 23 Medium-Term Management Plan, operating profit for the cumulative third quarter decreased by ¥36.248 billion year on year, and net loss attributable to owners of the parent was ¥17.665 billion. - FY2023-Q2AdvancedAnnual report
「We formulated the 23 Medium-Term Management Plan as the third step toward achieving our desired state and direction, envisioned for the mid-2020s, with a 3-year implementation period from fiscal 2021 through fiscal 2023. One of the basic policies of this medium-term plan is to strengthen our earnings base and steadily execute growth investments, and we have considered various measures to establish a stable business base over the long term.」
In line with the basic policy of the 23 Medium-Term Management Plan to strengthen the earnings base and steadily execute growth investments, we decided to acquire Denka's cement sales business and executed a share transfer agreement. The implementation stage of a specific growth investment was disclosed. - FY2022First-year results fell short of the 2023 targetsAnnual report
「Our group set an operating margin of at least 11% and ROE of 10% as its management targets for fiscal 2023 under the 23 Medium-Term Management Plan and has been working to achieve them. However, fiscal 2021 results fell below the targets, with an operating margin of 6.6% and ROE of 5.9%.」
Against the fiscal 2023 targets of the 23 Medium-Term Management Plan, fiscal 2021 results were an operating margin of 6.6% and ROE of 5.9%, below the targets of at least 11% and 10%, respectively. - FY2021First statedAnnual report
「From fiscal 2021, as the third step, we formulated the 23 Medium-Term Management Plan, covering the 3-year implementation period through fiscal 2023, and have been pursuing initiatives aimed at achieving sustainable growth and establishing a stable business base over the long term. Under the 23 Medium-Term Management Plan, based on the following basic policies, we aim to build a new business model that only our group can create, in which all of our group's businesses function together in an integrated and multifaceted manner, in other words, to become an overwhelming leading company. <2023 targets> Operating margin: 11% or higher; ROE: 10% or higher」
As the third step of a 3-stage plan targeting the mid-2020s, the 23 Medium-Term Management Plan was launched for fiscal 2021 through fiscal 2023, with an operating margin of at least 11% and ROE of at least 10% set as the targets for fiscal 2023.