The 2020 Vision and fiscal 2018 numerical targets
First written in FY2016. 11 of 25 entries say "Restated". Latest entry: 2026-06-23.
The whole theme swung hardest in 2021: 17 of 78 companies on the "Worse" side.
- 2026-06-23RestatedGovernance
「2021年3月期に導入したLIXIL Playbookは、持続的な成長と価値創造を実現し、LIXILのPurposeである「世界中の誰もが願う、豊かで快適な住まいの実現」に向けた道筋を示しています。」
LIXIL Playbookを中長期の経営の方向性として再確認している。 - FY2026SoftenedAnnual report
「We have set medium-term targets of a 7.5% business profit margin, a net interest-bearing debt-to-EBITDA ratio of no more than 3.5 times, and an equity ratio attributable to owners of the parent of at least 35%. We also aim to achieve long-term financial targets of a 10% business profit margin and 10% ROIC.」
While the long-term targets remain in place, this filing does not confirm the specific medium-term targets presented in the previous fiscal year of business profit of at least ¥110 billion and a 6.5% business profit margin by fiscal 2028. Instead, it sets medium-term targets including a 7.5% business profit margin. - FY2026-H1RestatedAnnual report
「The LIXIL Group has long worked to build a corporate structure that is less susceptible to changes in the external environment. By focusing on addressing the priorities set out in the LIXIL Playbook, its basic management direction, the Group is making steady progress.」
The LIXIL Playbook remains the company’s basic management direction, and initiatives to strengthen resilience to the external environment are continuing. - FY2025RaisedAnnual report
「In addition, we have set long-term targets of a 10% business profit margin and 10% ROIC to achieve sustainable growth and value creation. As milestones toward achieving these long-term management targets, we aim to achieve business profit of at least ¥110 billion and a business profit margin of 6.5% by fiscal 2028.」
While maintaining the long-term targets of a 10% business profit margin and 10% ROIC, the company added new medium-term targets of business profit of at least ¥110 billion and a 6.5% business profit margin by fiscal 2028. - FY2025-H1RestatedAnnual report
「The LIXIL Group has long worked to build a corporate structure that is less susceptible to changes in the external environment. By focusing on addressing the priorities set out in the LIXIL Playbook, its basic management direction, the Group is making steady progress.」
The LIXIL Playbook remains the company’s basic management direction, and the company reaffirmed progress toward building a corporate structure that is less susceptible to the external environment. - FY2024AdvancedAnnual report
「After taking into account and reflecting the business environment and management strategy described above, our full-year forecasts for the next fiscal year are revenue of ¥1,570 billion, up 5.9% year on year; business profit of ¥35 billion, up 51.1%; operating profit of ¥25 billion, up 52.9%; profit before tax from continuing operations of ¥15 billion, 2.3 times the previous year; and profit for the year attributable to owners of the parent of ¥8 billion, compared with a loss for the year attributable to owners of the parent of ¥13.908 billion in the previous year. We expect higher revenue and profit.」
Based on structural reforms and improved profitability in the overseas business, the company presented specific forecasts for the next fiscal year, including revenue of ¥1,570 billion and business profit of ¥35 billion. - FY2024-Q2RestatedAnnual report
「During the first 6 months of the current fiscal year, there were no significant changes to the management policies or business environment established by the LIXIL Group. There were also no significant changes to the business or financial issues that the LIXIL Group needs to prioritize and address.」
The company explicitly states that there are no significant changes to its management policies, business environment or priority issues. - FY2024-Q1RestatedAnnual report
「Our assumption that approximately 80% of business profit for the current consolidated fiscal year will be generated in the second half remains unchanged.」
The company states that there are no significant changes to the management policies or issues to be addressed under the LIXIL Playbook, and maintains its assumption that approximately 80% of full-year business profit will be generated in the second half. - FY2023RaisedAnnual report
「Although we have updated the priorities of the LIXIL Playbook, we will continue to pursue the long-term financial targets of a business profit margin of 10% and ROIC of 10%. As a milestone toward these targets, we aim to achieve a stable business profit margin of 7.5% over the medium term,」
The LIXIL Playbook evolved into 5 priority issues, with long-term targets of a 10% business profit margin and 10% ROIC, and a medium-term milestone of consistently achieving a 7.5% business profit margin. - FY2023-Q2SoftenedAnnual report
「Although we expect additional measures such as price revisions and the effects of improving indirect-cost efficiency in the second half, we have decided to revise downward our full-year consolidated earnings forecasts because efforts to address the cost increases that arose in the first half will continue.」
The full-year consolidated earnings forecasts were revised downward, indicating performance below the previous plan for sustainable growth. Price revisions and indirect-cost efficiency improvements are being implemented as additional measures. - FY2023-Q1RestatedAnnual report
「Amid a continued challenging business environment, the LIXIL Group has focused on transforming its organization and businesses in line with the priorities of the LIXIL Playbook, its basic management direction. As a result, the Group is becoming a more resilient and agile company, and its financial position is also improving.」
While stating that there are no significant changes to its management policies or issues to be addressed, the company reaffirmed its direction of organizational and business transformation and improvement of its financial position in line with the LIXIL Playbook. - FY2022AdvancedAnnual report
「During the current consolidated fiscal year, measures to simplify the organization and concentrate on core businesses were largely completed, substantially reducing risks that could cause significant fluctuations in performance.」
Regarding the 4 priority issues in the LIXIL Playbook, the company stated that measures to simplify the organization and concentrate on core businesses were largely completed. The medium-term targets of a 7.5% business profit margin and a net interest-bearing debt-to-EBITDA ratio of no more than 3.5 times also remain in place. - FY2021ReframedAnnual report
「The LIXIL Group has consolidated and shared across the company its long- to medium-term management direction as the “LIXIL Playbook.”」
The direction of the previous medium-term plan was reorganized as the “LIXIL Playbook,” which identifies 4 priority issues: simplifying the organization, improving domestic profitability, overseas growth and innovation. Its medium-term targets are a business profit margin of 7.5% and a net interest-bearing debt-to-EBITDA ratio of no more than 3.5 times. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no significant changes to the management policies or business environment established by the LIXIL Group. There were also no significant changes to the issues that the LIXIL Group needs to address.」
The company explicitly states that there are no significant changes to its management policies, medium-term plan or issues to be addressed. - FY2019ReframedAnnual report
「The LIXIL Group formulated and announced a New Management Plan on 13 May 2019. Under the strong business foundation built to date, this plan aims to maximize LIXIL’s potential and enhance corporate value by capturing growth opportunities through the effective use of group assets, pursuing structural reforms, and renewing the group management structure and processes.」
The focus shifted from the previous medium-term management plan to a New Management Plan based on the principles of Diversity, Beyond and Team Leadership. Financial targets through fiscal 2024 are revenue of ¥2 trillion and a business profit margin of 6.3%. - FY2019-Q3ReframedAnnual report
「In November 2018, we changed the management team and shifted domestic sales from a defensive to an offensive approach.」
With the transition to the new management structure, the focus has shifted to reviewing the medium-term management plan and preparing a new plan for the next stage. - FY2018RestatedAnnual report
「The vision of “becoming the world’s most valuable, innovative and trusted living technology company by 2020”」
The 2020 Vision was reaffirmed, while the new medium-term management plan targets improved profit margins from fiscal 2019 through fiscal 2021, a business profit margin of 7.5%, ROE of at least 10%, a net interest-bearing debt-to-EBITDA ratio of no more than 2.5 times, and an equity ratio attributable to owners of the parent of 35%. - FY2018-Q3RestatedAnnual report
「We formulated and announced on 6 November 2017 a new medium-term management plan, “Toward Sustainable Growth,” covering the 3 consolidated fiscal years from fiscal 2019 through fiscal 2021.」
The company reaffirmed the new medium-term management plan covering fiscal 2019 through fiscal 2021 and the positioning of these 3 years as a period focused on improving profit margins. - FY2018-Q2ReframedAnnual report
「We formulated and announced on 6 November 2017 a new medium-term management plan, “Toward Sustainable Growth,” covering the 3 consolidated fiscal years from fiscal 2019 through fiscal 2021. With the aim of achieving sustainable long-term growth, the plan divides the period beginning in fiscal 2017 into 3 phases and positions the 3 years from fiscal 2019 through fiscal 2021 as a period focused on improving profit margins.」
The focus of the plan was shifted from the previous 2020 Vision and fiscal 2018 interim targets to a new medium-term management plan covering fiscal 2019 through fiscal 2021, with improving profit margins as its central priority. - FY2017SoftenedAnnual report
「The vision of “becoming the world’s most valuable, innovative and trusted living technology company by 2020”」
While the 2020 Vision was reiterated, this filing’s management policy does not include the previously stated interim numerical targets of fiscal 2018 revenue of ¥2 trillion, business profit of at least ¥100 billion, EPS of ¥200 and ROE of at least 8%. - FY2016First statedAnnual report
「We are pursuing the vision of “becoming the world’s most valuable, innovative and trusted living technology company by 2020.” As milestones on the path to achieving this goal, we have set targets for fiscal 2018 of revenue of ¥2 trillion, business profit of at least ¥100 billion, basic earnings per share of ¥200 and ROE of at least 8%, with the aim of enhancing shareholder value.」
An interim goal with a deadline and numerical targets for revenue, business profit, EPS and ROE.