Building a strong business foundation and improving profitability under the 20 Medium-Term Management Plan
First written in FY2018. . Latest entry: FY2021.
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- FY2021Plan Period Ended; Targets Not AchievedAnnual report
「The Group has set management targets under the 20 Medium-Term Management Plan of an operating margin of 9% or higher and a return on assets based on ordinary income of 8% or higher in fiscal 2020, and has worked to achieve them. However, fiscal 2020 results were an operating margin of 7.4% and a return on assets based on ordinary income of 6.3%, below the targets.」
In the final year of the 20 Medium-Term Management Plan, the operating margin was 7.4% and the return on assets based on ordinary income was 6.3%, below the respective targets of 9% or higher and 8% or higher. - FY2021-Q3Cumulative performance improved but remained below target levelsAnnual report
「Amid these circumstances, for the nine months ended the third quarter of the current consolidated fiscal year, net sales were ¥652.714 billion (down ¥10.277 billion from the same period of the previous year), operating income was ¥48.195 billion (up ¥6.038 billion), ordinary income was ¥49.348 billion (up ¥6.942 billion), and net income attributable to owners of the parent was ¥37.163 billion (up ¥6.621 billion).」
For the nine months ended the third quarter, operating income, ordinary income and net income attributable to owners of the parent exceeded the same period of the previous year, and the operating margin was approximately 7.4%, but remained below the 20 Medium-Term Management Plan target operating margin of 9% or higher. - FY2020Full-year results fell short of management targetsAnnual report
「The Group has set management targets under the 20 Medium-Term Management Plan of an operating margin of 9% or higher and a return on assets based on ordinary income of 8% or higher in fiscal 2020, and is working to achieve them. In fiscal 2019, the operating margin was 6.9% and the return on assets based on ordinary income was 5.9%.」
Against the fiscal 2020 targets under the 20 Medium-Term Management Plan, fiscal 2019 results were an operating margin of 6.9% and a return on assets based on ordinary income of 5.9%, both below target. - FY2020-Q3Profitability metrics continued to decline in the nine months ended the third quarterAnnual report
「Amid these circumstances, for the nine months ended the third quarter of the current consolidated fiscal year, net sales were ¥662.992 billion (down ¥29.561 billion from the same period of the previous year), operating income was ¥42.156 billion (down ¥7.568 billion), ordinary income was ¥42.405 billion (down ¥6.706 billion), and net income attributable to owners of the parent was ¥30.541 billion (down ¥3.535 billion).」
For the nine months ended the third quarter, net sales, operating income, ordinary income and net income attributable to owners of the parent were all below the same period of the previous year, against the fiscal 2020 targets under the 20 Medium-Term Management Plan. The operating margin was approximately 6.4%, remaining below the target operating margin of 9% or higher. - FY2019First-year results fell short of management targetsAnnual report
「The Group has set management targets under the 20 Medium-Term Management Plan of an operating margin of 9% or higher and a return on assets based on ordinary income of 8% or higher in fiscal 2020, and is working to achieve them. In fiscal 2018, the operating margin was 7.2% and the return on assets based on ordinary income was 6.3%. This was due to higher revenue year on year, reflecting an increase in domestic cement sales volumes and a recovery in US cement demand, among other factors, while costs increased in the domestic cement business and equity-method investment income declined.」
Against the fiscal 2020 targets under the 20 Medium-Term Management Plan, fiscal 2018 results were an operating margin of 7.2% and a return on assets based on ordinary income of 6.3%. Creating and improving profitability continued to be recognized as a key issue. - FY2018First statedAnnual report
「The 20 Medium-Term Management Plan covers the 3 years from fiscal 2018 through fiscal 2020 and is positioned as the second step toward realizing the desired vision and direction. Based on the business and financial strategies implemented under the 17 Medium-Term Management Plan, the first step, and their results, we will build a strong business base for sustainable growth by continuously addressing remaining issues and reliably implementing new initiatives, thereby steadily moving on to the next step. <2020 Fiscal-Year Targets> Operating margin 9% or higher ROA (ordinary income) 8% or higher ③ We will strengthen the earnings base of existing businesses and further improve our financial position through thorough cost reductions, while actively investing in growth areas that will contribute to the sustainable growth of the Group.」
As the second step following the 17 Medium-Term Management Plan, the 20 Medium-Term Management Plan was launched for fiscal 2018 through fiscal 2020. The plan, which targets an operating margin of 9% or higher and ROA of 8% or higher in fiscal 2020, was first disclosed as providing for cost reductions, financial improvement and growth investment.