Flexible response through annual plans without formulating a medium-term management plan
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2026-H1.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There have been no material changes to the management policies, management strategies or other matters established by our group during the interim consolidated accounting period.」
There have been no material changes to the management policies, management strategies or other matters, and the existing management policies, including the policy of responding flexibly through conventional single-year plans, remain in place. - FY2021RestatedAnnual report
「The Company believes it is important to publish single-year plans and respond flexibly and promptly amid rapid change in the metal heat treatment industry, as formulating and disclosing a medium-term management plan could lead to frequent releases revising the plan and potentially confuse investors.」
The Company continues its policy of responding flexibly and promptly through single-year plans rather than formulating a medium-term management plan, citing the difficulty of forecasting demand. - FY2020RestatedAnnual report
「The Company does not formulate a medium-term management plan because it is strongly influenced by trends among its major customers, including industrial machinery, automotive parts and construction machinery companies, and demand is extremely difficult to forecast.」
The Company continues its policy of responding flexibly and promptly through single-year plans rather than formulating a medium-term management plan, citing the difficulty of forecasting demand. - FY2019First statedAnnual report
「In addition, because the Company is strongly influenced by trends among its major customers, including industrial machinery, automotive parts and construction machinery companies, and demand is extremely difficult to forecast, it does not formulate a medium-term management plan. The Company believes it is important to publish single-year plans and respond flexibly and promptly amid rapid change in the metal heat treatment industry, as formulating and disclosing a medium-term management plan could lead to frequent releases revising the plan and potentially confuse investors.」
The Company has set out a planning policy of publishing single-year plans rather than a medium-term management plan and responding flexibly and promptly, citing the difficulty of forecasting demand and the potential for investors to be confused by plan revisions.