Maintaining an ordinary profit margin on sales above 10%
First written in FY2017. 1 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2018: 5 of 50 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「From FY2020 onward, sales in each business segment declined due to the impact of COVID-19, resulting in a substantial decline in profit. Although the Group returned to a recovery trend through cost-cutting efforts and the bottoming out of demand, it failed to achieve its management targets.」
The 19 Medium-Term Management Plan’s management targets were summarized as unachieved, and the previous targets of an ordinary profit margin above 10% and 15% or higher were not carried forward as management indicators in the 22 Medium-Term Management Plan. - FY2021SoftenedAnnual report
「FY2019 actual FY2020 actual FY2021 target (Reference*) FY2021 forecast Ordinary profit margin 14.8% 3.6% 15% or higher 10.8%」
The FY2021 target of 15% or higher was maintained, while the FY2021 forecast was 10.8%, indicating that achieving the target would be difficult. - FY2020RaisedAnnual report
「FY2018 actual FY2019 actual FY2021 target Ordinary profit ¥1.49 billion ¥1.58 billion ¥1.8 billion Ordinary profit margin 13.8% 14.8% 15% or higher」
Under the 19 Medium-Term Management Plan, the target was raised from the previous ordinary profit margin target of more than 10% to 15% or higher for FY2021. The FY2019 actual result was 14.8%. - FY2018RestatedAnnual report
「The Group is working to strengthen its management foundation, with the goal of maintaining an ordinary profit margin of more than 10% on a sustained basis. The ordinary profit margin for the current fiscal year was 16.4%.」
The target of an ordinary profit margin above 10% was maintained, and the current fiscal year result was 16.4%. - FY2017First statedAnnual report
「The Group is working to strengthen its management foundation, with the goal of maintaining an ordinary profit margin of more than 10% on a sustained basis. The ordinary profit margin for the current fiscal year was 16.2%.」
This is the first confirmation of the ordinary profit margin as an explicit management target. The full-year result was 16.2%, above the target level.