Management targets including an EBITDA margin of 8% and a D/E ratio of 0.3x or less
First written in FY2018. 5 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 3 of 12 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the current consolidated fiscal year, the EBITDA margin was 8.4% (EBITDA of ¥2,838 million), the ordinary profit margin before depreciation was 10.8% (ordinary profit before depreciation of ¥3,636 million), and the D/E ratio was 0.04x, meeting each target.」
The targets remained an operating profit margin of 8%, an ordinary profit margin of 10% and a D/E ratio of 0.3x or less, and the company reported that all 3 metrics met their targets in the current fiscal year as well. - FY2025AchievedAnnual report
「In the current consolidated fiscal year, the EBITDA margin was 8.1% (EBITDA of ¥2,763 million), the ordinary profit margin before depreciation was 10.4% (ordinary profit before depreciation of ¥3,554 million), and the D/E ratio was 0.06x, meeting each target.」
The targets were an EBITDA margin of 8%, an ordinary profit margin before depreciation of 10% and a D/E ratio of 0.3x or less. The current-year results were 8.1%, 10.4% and 0.06x, respectively, and the company reported that all 3 metrics met their targets. - FY2024Operating profit margin target not achievedAnnual report
「In the current consolidated fiscal year, the EBITDA margin on sales was 7.8% (EBITDA of ¥2,703 million), the ordinary profit margin before depreciation was 10.1% (ordinary profit before depreciation of ¥3,492 million), and the D/E ratio was 0.08x, meeting the targets for the ordinary profit margin before depreciation and the D/E ratio.」
The target levels remained at 8%, 10% and 0.3x or less, but the EBITDA margin on sales was 7.8% in the current fiscal year, meaning that only the operating profit margin target was not achieved. The ordinary profit margin and D/E ratio targets were achieved. - FY2023RestatedAnnual report
「In terms of profitability, the group uses a pre-depreciation profit margin based on EBITDA under International Financial Reporting Standards as a metric, targeting an EBITDA margin on sales of 8% and an ordinary profit margin before depreciation of 10%. It has set the D/E ratio (interest-bearing debt/equity), which indicates financial soundness, at 0.3x or less.…In the current consolidated fiscal year, the EBITDA margin on sales was 9.5%, the ordinary profit margin before depreciation was 10.9%, and the D/E ratio was 0.1x, meeting each target.」
The targets remained at 8%, 10% and 0.3x or less, and all 3 metrics met their targets in the current fiscal year as well. - FY2022RestatedAnnual report
「In terms of profitability, the group uses a pre-depreciation profit margin based on EBITDA under International Financial Reporting Standards as a metric, targeting an EBITDA margin on sales of 8% and an ordinary profit margin before depreciation of 10%. It has set the D/E ratio (interest-bearing debt/equity), which indicates financial soundness, at 0.3x or less.」
The targets remained an EBITDA margin of 8%, an ordinary profit margin before depreciation of 10% and a D/E ratio of 0.3x or less. The current-year results were 11.2%, 13.2% and 0.1x, respectively, continuing to meet the targets. - FY2021RestatedAnnual report
「The group has set its target management metrics at an EBITDA margin on sales of 8%, an ordinary profit margin before depreciation of 10%, and a D/E ratio (interest-bearing debt/equity) of 0.3x or less. In the current consolidated fiscal year, the EBITDA margin on sales was 10.6% (EBITDA of ¥2,939 million), the ordinary profit margin before depreciation was 12.1% (ordinary profit before depreciation of ¥3,370 million), and the D/E ratio was 0.1x, meeting each target.」
The target levels remained at 8%, 10% and 0.3x or less, the same as in the previous fiscal year, and the company reported that all 3 metrics met their targets in the current fiscal year. - FY2020ReframedAnnual report
「The group has set its target management metrics at an EBITDA margin on sales of 8%, an ordinary profit margin before depreciation of 10%, and a D/E ratio (interest-bearing debt/equity) of 0.3x or less. In the current consolidated fiscal year, the EBITDA margin on sales was 10.7% (EBITDA of ¥3,299 million), the ordinary profit margin before depreciation was 11.6% (ordinary profit before depreciation of ¥3,582 million), and the D/E ratio was 0.2x, meeting each target.」
The target levels remained at 8%, 10% and 0.3x or less, while the description of the operating profit margin changed from "EBITDA margin" to "EBITDA margin on sales." The current-period results exceeded each target. - FY2019RestatedAnnual report
「The group has set its target management metrics at an EBITDA margin of 8%, an ordinary profit margin before depreciation of 10%, and a D/E ratio (interest-bearing debt/equity) of 0.3x or less. In the current consolidated fiscal year, the EBITDA margin was 8.6% (EBITDA of ¥2,690 million), the ordinary profit margin before depreciation was 9.8% (ordinary profit before depreciation of ¥3,052 million), and the D/E ratio was 0.2x, meeting each target.」
The target management metrics remained unchanged from the previous fiscal year, while the current year's actual results and the company's statement that the targets had been achieved were updated. - FY2018First statedAnnual report
「The group has set its target management metrics at an EBITDA margin of 8%, an ordinary profit margin before depreciation of 10%, and a D/E ratio (interest-bearing debt/equity) of 0.3x or less. In the current consolidated fiscal year, the EBITDA margin was 9.0% (EBITDA of ¥2,547 million), the ordinary profit margin before depreciation was 10.1% (ordinary profit before depreciation of ¥2,858 million), and the D/E ratio was 0.2x, meeting each target.」
The three target management metrics were stated explicitly for the first time, and the company reported that all three targets were achieved in the current consolidated fiscal year.