Fiscal 2021 Consolidated Revenue, Operating Profit, ROE and Payout Ratio Targets
First written in FY2019. 5 of 12 entries say "Softened", first in FY2020. Latest entry: 2026-08-05.
Piolax moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
34 other companies' latest entry also says "Restated".
- 2026-08-05RestatedEarnings
「Full year 63,000 1.5 1,500 2.0 1,500 3.2 700 － 27.45」
The company left unchanged its full-year earnings forecast for the fiscal year ending March 2027, including net sales of ¥63,000 million and operating profit of ¥1,500 million. - FY2026SoftenedAnnual report
「The Company revised its medium-term management plan to review the previous scenario based on a recovery in automobile production, redefine targets with a high likelihood of achievement in line with the current business environment, and ensure steady execution. Under the revised plan, the targets for FY2026 are consolidated revenue of ¥63,000 million and consolidated operating profit of ¥1,500 million, while the targets for the final year, FY2027, are consolidated revenue of ¥65,000 million and consolidated operating profit of ¥2,500 million.」
The plan was revised from the previous targets for the fiscal year ending March 2027 of ¥75.0 billion in revenue and ¥8.8 billion in operating profit, among others, to a plan not based on a recovery in automobile production. The targets were redefined as revenue of ¥63.0 billion and operating profit of ¥1.5 billion for FY2026, and revenue of ¥65.0 billion and operating profit of ¥2.5 billion for FY2027. - FY2025RestatedAnnual report
「In FY2024, consolidated revenue was ¥63.3 billion and consolidated operating profit was ¥2.3 billion, resulting in lower revenue and profit than the FY2024 targets of ¥63.5 billion in consolidated revenue and ¥2.4 billion in consolidated operating profit. For FY2025, the Company expects consolidated revenue of ¥63.0 billion and consolidated operating profit of ¥2.9 billion by further promoting global sales expansion to automobile manufacturers in Japan and overseas while promoting rationalisation efforts across the Group.」
In FY2024, both revenue and operating profit fell below the annual targets. For FY2025, the Company expects revenue of ¥63.0 billion and operating profit of ¥2.9 billion through global sales expansion and rationalisation. - FY2024ReframedAnnual report
「〈Medium-Term Management Plan: FY2024–FY2026〉 Under the Group’s medium-term management plan, the Group has formulated 5 management strategies based on 5 basic policies. The management targets by the fiscal year ending March 2027 are consolidated revenue of ¥75.0 billion, operating profit of ¥8.8 billion and ROE of at least 8%. As its capital policy, the Group also states that it will pay dividends based on a target consolidated dividend payout ratio of 100% for the 5 years from FY2022 to FY2026.」
The medium-term management plan was rolled forward to FY2024–FY2026, updating the fiscal year ending March 2027 revenue target to ¥75.0 billion and the operating profit target to ¥8.8 billion. It also sets targets of ROE of at least 8% and a dividend payout ratio of 100%. - FY2023ReframedAnnual report
「〈Medium-Term Management Plan: FY2023–FY2025〉 Under the Group’s medium-term management plan, the Group has adopted “Contributing broadly to industry and society as a pioneer creating elasticity” as its vision and formulated 5 management strategies based on 5 basic policies. The management targets by the fiscal year ending March 2026 are consolidated revenue of ¥72.0 billion, consolidated operating profit of ¥8.7 billion, ROE of at least 8%, and a consolidated dividend payout ratio of 100% over the 4 years from FY2022 to FY2025.」
The medium-term plan was updated to a rolling plan covering FY2023–FY2025, with the target deadline changed to the fiscal year ending March 2026. The revenue target of ¥72.0 billion, ROE of at least 8% and dividend payout ratio target of 100% were maintained, while the operating profit target was changed to ¥8.7 billion. - FY2022ReframedAnnual report
「〈Medium-Term Management Plan: FY2022–FY2024〉 Under the Group’s medium-term management plan, the Group has adopted “Contributing broadly to industry and society as a pioneer creating elasticity” as its vision and formulated 5 management strategies based on 5 basic policies. The management targets by the fiscal year ending March 2025 are consolidated revenue of ¥72.0 billion, consolidated operating profit of ¥10.0 billion, ROE of at least 8%, and a consolidated dividend payout ratio of 100% over the 3 years from FY2022 to FY2024.」
The medium-term plan was updated to a rolling plan covering FY2022–FY2024. The revenue target was raised to ¥72.0 billion, while the operating profit target was changed to ¥10.0 billion and the dividend payout ratio target was substantially raised to 100%. - FY2021SoftenedAnnual report
「〈Medium-Term Management Plan: FY2021–FY2023〉 Under the Group’s medium-term management plan, the Group has adopted “Contributing broadly to industry and society as a pioneer creating elasticity” as its vision and formulated 5 management strategies based on 5 basic policies. The management targets by the fiscal year ending March 2024 are consolidated revenue of ¥70.0 billion, consolidated operating profit of ¥10.5 billion, ROE of at least 8%, and a consolidated dividend payout ratio of at least 30%.」
The medium-term plan was updated to a rolling plan covering FY2021–FY2023, with the target deadline changed to the fiscal year ending March 2024. The targets became revenue of ¥70.0 billion, operating profit of ¥10.5 billion and ROE of at least 8%, down from the previous targets of ¥72.0 billion, ¥11.0 billion and at least 10%, respectively. - FY2020SoftenedAnnual report
「The Group’s medium-term management plan sets targets by the fiscal year ending March 2022 of consolidated revenue of ¥72.0 billion and consolidated operating profit of ¥11.0 billion as management indicators, ROE of at least 10% as its capital policy, and a consolidated dividend payout ratio of at least 30% as its shareholder return policy. Earnings forecasts for FY2020 and beyond are currently undetermined because the global spread of COVID-19 makes it difficult to reasonably calculate earnings forecasts at this stage.」
Although the medium-term targets through the fiscal year ending March 2022 were restated, both the FY2019 targets of ¥66.0 billion in revenue and ¥8.0 billion in operating profit were missed, and earnings forecasts for FY2020 and beyond were left undetermined owing to the impact of COVID-19. - FY2019First statedAnnual report
「As a new medium-term management plan, the Company set targets of consolidated revenue of ¥72.0 billion, consolidated operating profit of ¥11.0 billion (15.3%), ROE of at least 10%, and a consolidated dividend payout ratio of 30% for FY2021.」
For FY2021, the Company set new medium-term targets of consolidated revenue of ¥72.0 billion, consolidated operating profit of ¥11.0 billion, an operating margin of 15.3%, ROE of at least 10%, and a consolidated dividend payout ratio of 30%. It explained that, although the FY2018 revenue target of ¥67.0 billion was achieved, the operating profit target of ¥9.5 billion was not.