Expansion and Evolution of the Corona Brand under the 8th Medium-Term Management Plan
First written in FY2019. 8 of 13 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2022Final-year targets not achieved; plan completedAnnual report
「The fiscal year under review was the final year of the 3-year Eighth Medium-Term Management Plan (fiscal 2019 to fiscal 2021), for which numerical targets of consolidated net sales of ¥78,800 million, consolidated ordinary income of ¥1,300 million and a consolidated ordinary income margin of 1.6% had been set. However, the Group’s results for the fiscal year under review fell below all of these targets, as they were affected by higher raw material prices, global shortages of electronic components and other items, and declines in sales of heating equipment, air-conditioning equipment and home appliances.」
The Eighth Medium-Term Management Plan ended its final year, with final-year targets missed for net sales, ordinary income and the ordinary income margin. - FY2022-Q3RestatedAnnual report
「Amid these circumstances, the Group entered the final year of its Eighth Medium-Term Management Plan and pursued business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer,” and “strengthening functions and foundations for sustainable growth,” with “expanding and evolving the CORONA brand” as its key theme.」
In the final year of the Eighth Medium-Term Management Plan, the company continues initiatives based on the 3 core strategies. - FY2022-Q2RestatedAnnual report
「Amid these circumstances, the Group entered the final year of its Eighth Medium-Term Management Plan and pursued business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer,” and “strengthening functions and foundations for sustainable growth,” with “expanding and evolving the CORONA brand” as its key theme.」
In the final year of the Eighth Medium-Term Management Plan, the company continues its business and functional strategies based on the 3 core strategies. - FY2022-Q1RestatedAnnual report
「Amid these circumstances, the Group entered the final year of its Eighth Medium-Term Management Plan and pursued business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer,” and “strengthening functions and foundations for sustainable growth,” with “expanding and evolving the CORONA brand” as its key theme.」
In the final year of the Eighth Medium-Term Management Plan, the company continues its business and functional strategies based on the 3 core strategies. - FY2021SoftenedAnnual report
「Fiscal 2021 targets: consolidated net sales ¥78,800 million; consolidated ordinary income ¥1,300 million; consolidated ordinary income margin 1.6%」
The final-year targets under the Eighth Medium-Term Management Plan were lowered again, from net sales of ¥83,300 million, ordinary income of ¥1,700 million and a margin of 2.0% to net sales of ¥78,800 million, ordinary income of ¥1,300 million and a margin of 1.6%. - FY2021-Q3RestatedAnnual report
「Under these circumstances, the Group advanced initiatives under its business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer” and “strengthening functions and foundations for sustainable growth,” with “Expansion and Evolution of the CORONA Brand” as its key theme under the Eighth Medium-Term Management Plan.」
The company continues its business and functional strategies based on the 3 core strategies of the Eighth Medium-Term Management Plan. - FY2021-Q2RestatedAnnual report
「Under these circumstances, the Group advanced initiatives under its business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer” and “strengthening functions and foundations for sustainable growth,” with “Expansion and Evolution of the CORONA Brand” as its key theme under the Eighth Medium-Term Management Plan.」
The company continues its business and functional strategies based on the 3 core strategies of the Eighth Medium-Term Management Plan. - FY2021-Q1RestatedAnnual report
「Under these circumstances, in addition to focusing on the production and supply of products, the Group advanced initiatives under its business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer” and “strengthening functions and foundations for sustainable growth,” with “Expansion and Evolution of the CORONA Brand” as its key theme under the Eighth Medium-Term Management Plan.」
The company continues initiatives under its business and functional strategies based on the core strategies of the Eighth Medium-Term Management Plan. - FY2020SoftenedAnnual report
「In light of these circumstances, the company determined that a significant recovery in the fiscal 2021 numerical targets, the final year of the originally established Eighth Medium-Term Management Plan, would be difficult. The targets of consolidated net sales of ¥91,200 million, consolidated ordinary income of ¥3,000 million and a consolidated ordinary income margin of 3.3% have therefore been revised as described in “2. Business Conditions, 1. Management Policy, Business Environment and Issues to Be Addressed, (2) Management Performance Indicators.”」
The fiscal 2021 targets under the Eighth Medium-Term Management Plan were lowered to consolidated net sales of ¥83,300 million, consolidated ordinary income of ¥1,700 million and an ordinary income margin of 2.0%. The previous targets were net sales of ¥91,200 million, ordinary income of ¥3,000 million and an ordinary income margin of 3.3%. - FY2020-Q3RestatedAnnual report
「Under these circumstances, the Group formulated the Eighth Medium-Term Management Plan beginning this fiscal year and launched initiatives under its business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer” and “strengthening functions and foundations for sustainable growth,” with “Expansion and Evolution of the CORONA Brand” as its key theme.」
The company continues initiatives under its business and functional strategies based on the core strategies of the Eighth Medium-Term Management Plan. - FY2020-Q2RestatedAnnual report
「Under these circumstances, the Group formulated the Eighth Medium-Term Management Plan beginning this fiscal year and launched initiatives under its business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer” and “strengthening functions and foundations for sustainable growth,” with “Expansion and Evolution of the CORONA Brand” as its key theme.」
The company continues initiatives under its business and functional strategies based on the core strategies of the Eighth Medium-Term Management Plan. - FY2020-Q1AdvancedAnnual report
「Under these circumstances, the Group formulated the Eighth Medium-Term Management Plan beginning this fiscal year and launched initiatives under its business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer” and “strengthening functions and foundations for sustainable growth,” with “Expansion and Evolution of the CORONA Brand” as its key theme.」
Regarding the Eighth Medium-Term Management Plan, the company stated that it began initiatives under its business and functional strategies based on the core strategies this fiscal year, indicating that the plan had moved into the execution phase. - FY2019First statedAnnual report
「Using “Expansion and Evolution of the CORONA Brand” as its key theme, the Group newly formulated the Eighth Medium-Term Management Plan beginning in fiscal 2019, aiming to become a company that provides value in air conditioning and water heating throughout the year, based on the “CORONA for heating” brand it has built since its founding. Under the Eighth Medium-Term Management Plan, the Group is pursuing strategies to expand its business domains and strengthen the functions and foundations needed for sustainable growth, while continuing to make proactive investments for future growth.」
The Eighth Medium-Term Management Plan, covering fiscal 2019 through fiscal 2021, was newly launched with objectives including expansion of business domains, sustainable growth, strengthening functions and foundations, and growth investment. The fiscal 2021 targets were consolidated net sales of ¥91,200 million, consolidated ordinary income of ¥3,000 million and an ordinary income margin of 3.3%.