Early achievement of a 12% return on assets (ROA) based on ordinary profit
First written in FY2017. 14 of 24 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Full-year operating margin declined to 11.9%Annual report
「As a result, orders received were ¥47,694 million, down 49.5% from the previous fiscal year, revenue was ¥56,245 million, down 41.6%, and operating profit was ¥6,667 million, down 56.6%.」
The consolidated operating margin for the fiscal year was approximately 11.9%, down from 16.0% in the previous fiscal year. Although it improved from approximately 11.4% in the interim period, continuous improvement in the profitability indicator paused for the full fiscal year. - 2026-05-14SoftenedEarnings
「2026年３月期 56,245 △41.6 6,667 △56.6 5,629 △58.0 3,818 △62.6」
売上高営業利益率は前期16.0％から当期11.9％へ低下し、収益性指標の改善は当期に後退した。 - FY2026-H1AdvancedAnnual report
「As a result, orders received were ¥15,538 million, up 19.8% year on year, revenue was ¥25,193 million, up 39.6%, and operating profit was ¥2,861 million, up 84.3%.」
The consolidated operating margin for the six months ended was approximately 11.4%, up from approximately 8.6% in the year-earlier period. The profitability indicator improved from the decline in the previous interim period, but remained below 16.0% for the previous full fiscal year. - FY2025AdvancedAnnual report
「In addition, the consolidated revenue of our group for the fiscal year, used as an indicator for calculating bonuses, was ¥96.3 billion, compared with consolidated revenue of ¥73.0 billion in the previous fiscal year, and the consolidated operating margin was 16.0%, compared with 14.6% in the previous fiscal year.」
The consolidated operating margin rose from 14.6% in the previous fiscal year to 16.0%, confirming continuous improvement in the profitability indicator for the full fiscal year. - FY2025-H1Interim operating margin declined to 8.6%Annual report
「As a result, orders received were ¥12,975 million, down 13.7% year on year, revenue was ¥18,042 million, down 50.6%, and operating profit was ¥1,552 million, down 72.9%.」
The consolidated operating margin for the six months ended was approximately 8.6%, down from 14.6% for the previous full fiscal year and approximately 15.7% in the year-earlier period. The figures indicate a pause in continuous improvement of the profitability indicator during the interim period. - FY2024AdvancedAnnual report
「Revenue was ¥73,021 million, up 47.2% year on year, and operating profit was ¥10,647 million, up 62.6%.」
The consolidated operating margin was approximately 14.6%, calculated from the disclosed figures, exceeding 13.2% in the previous fiscal year. Continuous improvement in the profitability indicator was evident for the full fiscal year. - FY2024-Q3AdvancedAnnual report
「As a result, revenue was ¥61,297 million, up 85.6% year on year, and operating profit was ¥8,451 million, up 170.8%.」
The consolidated operating margin for the nine months ended was approximately 13.8%, calculated from the disclosed figures, exceeding 13.2% for the previous full fiscal year. The figures indicate an improvement in the profitability indicator compared with the previous full fiscal year. - FY2024-Q2AdvancedAnnual report
「As a result, revenue was ¥36,555 million, up 87.2% year on year, and operating profit was ¥5,722 million, up 259.9%.」
The consolidated operating margin for the six months ended was approximately 15.7%, exceeding approximately 8.1% in the year-earlier period and 13.2% for the previous full fiscal year. The figures indicate improved profitability due to the completion of low-margin projects and progress on large water-treatment equipment projects. - FY2024-Q1AdvancedAnnual report
「On the earnings side, each profit level from operating profit downward exceeded the same period of the previous year due partly to the completion by the previous period of low-profit projects and substantial sales growth resulting from steady progress on large water treatment system projects ordered in the United States and other regions.」
The consolidated operating margin for the first quarter was approximately 13.0%, calculated from disclosed revenue of ¥12,767 million and operating profit of ¥1,664 million, up from approximately 6.9% a year earlier. The improvement in the profitability indicator was attributed to the completion of low-margin projects and progress on large projects. - FY2023Operating margin declined to 13.2%Annual report
「The consolidated operating margin was 13.2% for the fiscal year ended March 2023, and we aim to improve it further through cost reductions and expense cuts, as well as new-market development, expansion of peripheral businesses and increased sales of high-value-added products.」
The consolidated operating margin declined from 13.9% in the previous fiscal year to 13.2%, but the policy of pursuing continuous improvement in the indicator remains unchanged. - FY2023-Q3Operating margin continued to declineAnnual report
「As a result, revenue amounted to ¥33,035 million, up 46.5% year on year; operating income was ¥3,121 million, up 5.3%; ordinary income was ¥3,197 million, up 5.2%; and quarterly net income attributable to owners of the parent was ¥2,311 million, up 6.6%.」
Revenue increased 46.5% year on year, while operating profit growth was limited to 5.3%, and the operating margin declined from approximately 13.1% a year earlier to approximately 9.4%. The downward trend in the continuous improvement of the profitability indicator continues. - FY2023-Q2Operating margin continued to declineAnnual report
「As a result, revenue was ¥19,531 million, up 43.4% year on year, and operating profit was ¥1,590 million, down 27.8%.」
While revenue increased, operating profit fell 27.8% year on year, indicating another decline in the consolidated operating margin, which had risen to 13.9% in the previous fiscal year. - FY2023-Q1Decline in operating marginAnnual report
「As a result, revenue was ¥8,937 million, up 53.4% year on year, and operating profit was ¥617 million, down 30.0%.」
While revenue increased, operating profit fell 30.0% year on year, indicating a pause in the continuous improvement of the consolidated operating margin, which had risen to 13.9% in the previous fiscal year. - FY2022AdvancedAnnual report
「Our group regards the consolidated operating margin, which indicates profitability, as an important management indicator and aims to increase corporate value through its continuous improvement. The consolidated operating margin was 13.9% for the fiscal year ended March 2022, and we aim to improve it further through cost reductions and expense cuts, as well as new-market development, expansion of peripheral businesses and increased sales of high-value-added products.」
The consolidated operating margin rose from 13.1% in the previous fiscal year to 13.9%, and the policy of pursuing continuous improvement in the indicator remains in place. - FY2022-Q3Operating margin improvement pausedAnnual report
「On the earnings side, gross profit margin declined by 0.4 percentage points year on year due partly to the recognition of sales from certain low-profit projects in China and Taiwan. In addition, selling, general and administrative expenses increased due to higher personnel costs and an upgrade of the core system, causing operating profit to fall below the same period of the previous year. However, profit at each level from ordinary profit downward exceeded the same period of the previous year due partly to foreign exchange gains recorded as non-operating income and the recognition of provision for doubtful accounts as a non-operating expense in the same period of the previous year.」
Regarding continuous improvement in the profitability indicator, operating profit fell below the year-earlier level due to the recognition of revenue from low-margin projects and higher SG&A expenses. Although ordinary profit and lower profit levels increased, improvement at the operating-profit level paused. - FY2022-Q2AdvancedAnnual report
「On the earnings side, gross profit margin improved by 3.7 percentage points due to successful cost reductions on certain large water treatment system projects and the effect of higher maintenance and consumables sales, and each profit level from operating profit downward exceeded the same period of the previous year.」
Regarding continuous improvement in profitability, the gross margin improved by 3.7 percentage points due to lower costs and higher revenue from maintenance and consumables, and each profit level from operating profit downward exceeded the previous year's level. - FY2021AdvancedAnnual report
「The consolidated operating margin was 13.1% for the fiscal year ended March 2021, and we aim to improve it further through cost reductions and expense cuts, as well as new-market development, expansion of peripheral businesses and increased sales of high-value-added products.」
The profitability indicator is the consolidated operating margin, which rose from 8.8% in the previous fiscal year to 13.1%. - FY2021-Q3AdvancedAnnual report
「On the earnings side, gross profit margin improved by 1.0 percentage point due to higher water treatment system sales and the completion of low-profit projects. In addition, the decline in selling, general and administrative expenses year on year, due partly to teleworking, improved operating margin by 7.2 percentage points.」
Regarding continuous improvement in the profitability indicator, the operating margin improved by 7.2 percentage points year on year due to the completion of low-margin projects, higher revenue from water-treatment equipment and lower SG&A expenses. - FY2021-Q2AdvancedAnnual report
「On the earnings side, gross profit margin improved by 2.5 percentage points due to higher water treatment system sales and the completion of low-profit projects. In addition, the decline in selling, general and administrative expenses year on year, due partly to teleworking, improved operating margin by 8.3 percentage points.」
Regarding the indicator of continuous improvement in the consolidated operating margin, the operating margin improved by 8.3 percentage points year on year in the quarter. The factors cited were increased sales of water-treatment equipment, the completion of low-margin projects and teleworking, among others. - FY2021-Q1AdvancedAnnual report
「On the earnings side, gross profit margin improved by 2.8 percentage points due to higher water treatment system sales and the completion of low-profit projects. In addition, the decline in selling, general and administrative expenses year on year, due partly to teleworking, improved operating margin by 5.6 percentage points.」
Regarding the indicator of continuous improvement in the consolidated operating margin, the operating margin improved by 5.6 percentage points year on year in the quarter, due to increased sales of water-treatment equipment, the completion of low-margin projects and lower SG&A expenses. - FY2020AdvancedAnnual report
「Our group regards the consolidated operating margin, which indicates profitability, as an important management indicator and aims to increase corporate value through its continuous improvement. The consolidated operating margin was 8.8% for the fiscal year ended March 2020, and we aim to improve it further through cost reductions and expense cuts, as well as new-market development, expansion of peripheral businesses and increased sales of high-value-added products.」
The indicator is now the continuous improvement of the consolidated operating margin rather than the previous 12% ROA target, and the actual margin rose from 4.8% in the previous fiscal year to 8.8%. - FY2019ReframedAnnual report
「Our group regards the consolidated operating margin as an important management indicator showing profitability and management efficiency, and aims to continuously improve this indicator and increase corporate value. The consolidated operating margin was 4.8% for the fiscal year ended March 2019, and we will seek further improvement by developing new markets, expanding peripheral businesses and increasing sales of high-value-added products, together with cost reductions and expense cuts.」
Rather than reiterating the previous target of achieving 12% ROA at an early stage, management has shifted its focus to the consolidated operating margin as an indicator to be improved continuously, with the margin at 4.8%. - FY2018AdvancedAnnual report
「For the fiscal year ended March 2018, the consolidated figure was 5.8%. However, we aim to further improve performance by developing new markets, expanding peripheral businesses and increasing sales of high-value-added products, with the goal of achieving 12% at an early stage.」
Actual ROA increased from 4.7% in the previous fiscal year to 5.8%, and the 12% early-achievement target and measures to reach it remained in place. - FY2017First statedAnnual report
「For the fiscal year ended March 2017, the consolidated figure was 4.7%. However, we aim to further improve performance by developing new markets, expanding peripheral businesses and increasing sales of high-value-added products, with the goal of achieving 12% at an early stage.」
After reporting actual ROA of 4.7%, the company stated for the first time its goal of achieving 12% at an early stage through new-market development, expansion of peripheral businesses and growth in high-value-added products.