“Achieving Unwavering Growth” under Furukawa G Plan 2020
First written in FY2016. 16 of 26 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 2 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「All of the financial targets established as standards to be achieved in fiscal 2025 were achieved.」
All fiscal 2025 financial targets under the 25 Medium-Term Plan were achieved. Actual results were ROIC of 12.2%, ROE of 19.1%, a net debt-to-equity ratio of 0.6, an equity ratio of 39.1%, net sales of ¥1.3 trillion, operating income of ¥63.9 billion, and net income attributable to owners of the parent of ¥72.5 billion. The financial target levels for fiscal 2030 were presented as operating income of ¥250 billion, ROE of 20%, and ROIC of 15%. - 2026-05-12AchievedEarnings
「As a result of these initiatives, we achieved all of the financial targets set as benchmarks to be met in FY2025.」
For the FY2025 financial targets set under the 25 Medium-term Management Plan, actual results exceeded the targets for all items, including ROIC, ROE, Net D/E ratio, equity ratio, net sales, operating income and net income. - FY2025AdvancedAnnual report
「Under the 25 Medium-Term Plan, ROIC and ROE are emphasized as key management indicators to strengthen and create businesses with a focus on capital efficiency. The target levels for the final year, the fiscal year ending March 2026, are after-tax ROIC of at least 6%, ROE of at least 11%, consolidated net sales of at least ¥1.1 trillion, consolidated operating income of at least ¥58 billion, and net income attributable to owners of the parent of at least ¥37 billion.」
While continuing the 25 Medium-Term Plan targets for the fiscal year ending March 2026, fiscal 2024 results were net sales of ¥1,201.8 billion, operating income of ¥47.1 billion, and net income attributable to owners of the parent of ¥33.4 billion. Net sales exceeded the target level, while operating income and net income improved from the previous fiscal year. - FY2024RestatedAnnual report
「We have also worked to strengthen the foundations for ESG management, which support these initiatives.」
We are continuing the 25 Medium-Term Plan, Road to Vision2030—Transformation and Challenge—, and advancing the maximization of earnings from existing businesses, development of the foundation for creating new businesses, and strengthening of the ESG management platform. We are also maintaining the fiscal year ending March 2026 targets of ROIC of at least 6%, ROE of at least 11%, net sales of at least ¥1.1 trillion, operating income of at least ¥58 billion, and net income of at least ¥37 billion. - FY2023RestatedAnnual report
「Working backward from the desired state under Vision 2030, we defined the target state for 2025 as an interim milestone and formulated last year a new 4-year Medium-Term Management Plan, Road to Vision2030—Transformation and Challenge—, with fiscal 2025 as its final year, and have been implementing its initiatives.」
We are continuing the 25 Medium-Term Plan, formulated by working backward from Vision 2030, and implementing its initiatives with fiscal 2025 as the final year. - FY2023-Q3RestatedAnnual report
「There has been no change in our policy of steadily implementing the Medium-Term Management Plan, Road to Vision2030—Transformation and Challenge—, toward realizing the Group’s management philosophy and Vision 2030.」
We have reconfirmed our policy of steadily implementing the Medium-Term Management Plan toward realizing Vision 2030. - FY2023-Q2RestatedAnnual report
「There has been no change in our policy of steadily implementing the Medium-Term Management Plan, Road to Vision2030—Transformation and Challenge—, toward realizing the Group’s management philosophy and Vision 2030.」
We have reconfirmed that there has been no material change in the policy of steadily implementing the New Medium-Term Management Plan. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2022ReframedAnnual report
「Working backward from the desired state under Vision 2030, we defined the target state for 2025 as an interim milestone and newly formulated a 4-year Medium-Term Management Plan, Road to Vision2030—Transformation and Challenge—, with fiscal 2025 as its final year, to achieve that target.」
The plan following Furukawa G Plan 2020 was restructured as a new Medium-Term Management Plan for fiscal 2022–2025, formulated by working backward from Vision 2030. In the final year, the fiscal year ending March 2026, the targets are ROIC of at least 6%, ROE of at least 11%, net sales of at least ¥1.1 trillion, operating income of at least ¥58 billion, and net income of at least ¥37 billion. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2021SoftenedAnnual report
「Thereafter, earnings in the Information and Communications Solutions business deteriorated due to worsening supply and demand conditions for optical fiber, etc., originating in China, and lost sales opportunities resulting from delays in improving productivity at our optical fiber and cable operations in North America. In addition, from 2020 onward, the global stagnation of economic activity caused by the COVID-19 pandemic had a significant impact, and we were unable to achieve the revised targets.」
Actual results for the final year of Furukawa G Plan 2020 were consolidated operating income of ¥8.4 billion, net income attributable to owners of the parent of ¥10 billion, and ROE of 4.0%, clearly falling short of the revised targets of operating income of at least ¥55 billion, net income of at least ¥30 billion, and ROE of at least 10%. - FY2021-Q3RestatedAnnual report
「The Medium-Term Management Plan, Furukawa G Plan 2020, sets financial targets of consolidated operating income of at least ¥55 billion, net income attributable to owners of the parent of at least ¥30 billion, and ROE of at least 10%. We have promoted consolidated business management with a focus on the operating profit margin on business assets, strengthened priority businesses and products, and transformed low-profitability businesses and products to review the business portfolio and enhance profitability. However, due to worsening market conditions for optical fiber, etc., originating in China, a sharp decline in automobile sales due to COVID-19, lower operating rates at our fiber and cable plants in North America, sluggish demand for electronics including smartphones, and the impact of a fire at our copper foil plant in Taiwan, we expect not to achieve the financial targets of this Medium-Term Management Plan.」
The policies for the financial targets and the review of the business portfolio remain unchanged, but we have reconfirmed that the targets are expected to be missed due to the deteriorating optical fiber market, COVID-19, lower operating rates at North American plants, and sluggish electronics demand, among other factors. - FY2021-Q2SoftenedAnnual report
「The Medium-Term Management Plan, Furukawa G Plan 2020, sets financial targets of consolidated operating income of at least ¥55 billion, net income attributable to owners of the parent of at least ¥30 billion, and ROE of at least 10%. We have promoted consolidated business management with a focus on the operating profit margin on business assets, strengthened priority businesses and products, and transformed low-profitability businesses and products to review the business portfolio and enhance profitability. However, due to worsening market conditions for optical fiber, etc., originating in China, a sharp decline in automobile sales due to COVID-19, lower operating rates at our fiber and cable plants in North America, sluggish demand for electronics including smartphones, and the impact of a fire at our copper foil plant in Taiwan, we expect not to achieve the financial targets of this Medium-Term Management Plan.」
While maintaining the financial targets of Furukawa G Plan 2020, we clarified that they are expected to be missed due to the deteriorating optical fiber market, COVID-19, declining automobile sales, lower operating rates at North American plants, sluggish electronics demand, and the fire at the Taiwan copper foil plant, among other factors. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2020SoftenedAnnual report
「Although this Medium-Term Management Plan runs through fiscal 2020, the operating environment is expected to remain challenging for the time being due to worsening supply and demand conditions for optical fiber and optical fiber cables (collectively, “optical fiber, etc.”) worldwide in the information and communications field, as well as the spread of COVID-19, making it extremely difficult to achieve the planned earnings.」
Although the fiscal 2020 targets under Furukawa G Plan 2020, namely consolidated operating income of at least ¥55 billion, net income attributable to owners of the parent of at least ¥30 billion, and ROE of at least 10%, continue to be maintained, it was stated that achieving them as planned would be extremely difficult due to deteriorating supply and demand and the spread of COVID-19. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2019AdvancedAnnual report
「Business performance for the current consolidated fiscal year was as shown in the table below, and consolidated operating income exceeded the target set as a milestone for fiscal 2018.」
Consolidated operating income for fiscal 2018 was ¥40.8 billion, exceeding the milestone target of at least ¥35 billion. Meanwhile, the fiscal 2020 targets remain consolidated operating income of at least ¥55 billion, net income attributable to owners of the parent of at least ¥30 billion, and ROE of at least 10%. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2018RaisedAnnual report
「In addition, we will revise upward the various financial targets for fiscal 2020 set out in the Medium-Term Management Plan as follows. As sales are expected to increase both in Japan and overseas through the Group-wide expansion of proactive marketing activities, we will change the overseas sales indicator from a sales ratio to an absolute sales figure and adopt overseas sales of ¥550 billion as the new target, equivalent to the overseas sales ratio of 60% announced when the plan was initially issued.」
The fiscal 2020 consolidated operating income target was revised upward from at least ¥40 billion to at least ¥55 billion, net income attributable to owners of the parent from at least ¥20 billion to at least ¥30 billion, and ROE from at least 8% to at least 10%. The overseas sales indicator was changed from a ratio of 60% to an absolute figure of ¥550 billion. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes from the matters described in the annual securities report for the previous fiscal year concerning factors materially affecting business performance or the current status and outlook of management strategy.」
We have reconfirmed that there have been no material changes in the current status and outlook of management strategy from the previous fiscal year. - FY2017RestatedAnnual report
「The financial targets for fiscal 2020 set out in the Medium-Term Management Plan are as follows: consolidated operating income of at least ¥40 billion; net income attributable to owners of the parent of at least ¥20 billion; ROE of at least 8%; and an overseas sales ratio of 60%.」
Furukawa G Plan 2020 has been continued, with the targets for fiscal 2020 operating income, net income, ROE and the overseas sales ratio reiterated. - FY2017-Q2RestatedAnnual report
「Based on the strategy of the New Medium-Term Management Plan, for which the current consolidated fiscal year is the first year, we implemented an organizational restructuring effective 1 April 2016.」
We have reconfirmed that Furukawa G Plan 2020 begins in the current consolidated fiscal year and that an organizational restructuring was implemented based on its strategy. - FY2016First statedAnnual report
「We have formulated a new medium-term management plan, Furukawa G Plan 2020 (the “New Medium-Term Management Plan”), covering the five years beginning in April of this year. Under the New Medium-Term Management Plan, we have adopted the slogan “Achieving Steadfast Growth” and will implement the following 3 initiatives.」
The 5-year medium-term plan sets out 3 initiatives: strengthening and transforming the business, expanding sales in global markets, and developing new businesses.