Risk of failing to achieve the 2020 medium-term management plan
First written in FY2020. 1 of 3 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
Mitsubishi Steel Mfg. moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 11 of 19 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「However, because of the downturn in the domestic steel-materials business following blast-furnace problems at the Muroran complex and other factors, the financial targets, including operating profit and ROE, set out in the “2023 Medium-Term Management Plan” were not achieved.」
The company explicitly stated that the financial targets, including operating profit and ROE, in the previous medium-term plan were not achieved, making the risk of failing to achieve a medium-term plan concrete once again. - FY2023MitigatedAnnual report
「The plan, positioned as a “bleeding-control medium-term plan,” progressed largely as planned on its principal measures, including further strengthening product capabilities and expanding an integrated production business model from materials through finished products. The “structural reform of the overseas business” was also almost complete, with the recovery of North American MSSC on track.」
Regarding the risk of failing to achieve the 2020 medium-term management plan, an overall assessment stated that the principal measures had progressed largely as planned and that the recovery of North American MSSC was almost complete. - FY2020First statedAnnual report
「We expanded overseas in line with automakers' global procurement policies, but those policies changed. In addition, delays in fundamentally resolving internally driven issues, including problems with technology development and stable procurement, resulted in actual performance diverging substantially from the medium-term management plan.」
Regarding the 2016 medium-term management plan, the company explicitly identified as a risk of failing to achieve the plan the fact that actual performance diverged substantially because of changes in the external environment and delayed responses to technology development and stable-procurement issues.