Medium- to long-term consolidated operating margin of 10% or higher
First written in FY2018. 13 of 29 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-10-30.
Pegasus moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 14 of 102 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2026SoftenedAnnual report
「During the consolidated fiscal year under review, FY2025, revenue was ¥21,657 million, operating income was ¥946 million, the operating margin on revenue was 4.4%, and ROE was 1.0%.」
The previous operating margin target of 10% or more and the new medium-term plan target of 10.5% were not reiterated in this filing, while the operating margin for the fiscal year was 4.4%. The focus has shifted toward partially reconsidering the growth strategy and restructuring the business. - 2026-05-20WorsenedResults presentation
「営業利益 1,573 946 △626 △39.8％」
営業利益が15億73百万円から9億46百万円へ減少し、2026年度営業利益率10.5％目標との差が拡大している。 - FY2026-H1WorsenedAnnual report
「Against this backdrop, revenue for the interim consolidated accounting period was ¥11,409 million, up 9.0% year on year, and operating income was ¥669 million, down 14.6%.」
The operating margin on revenue for the interim period was calculated at approximately 5.9% based on the company’s disclosed figures, down from approximately 7.5% in the same interim period of the previous fiscal year. It remains below the FY2026 operating margin target of 10.5%. - FY2025AdvancedAnnual report
「During the consolidated fiscal year under review, FY2024, revenue was ¥22,040 million, operating income was ¥1,573 million, the operating margin on revenue was 7.1%, ROE was 3.1%, and the payout ratio was 33.4%, owing to a recovery in sales in the apparel machinery business and cost improvements.」
The operating margin was 7.1% in FY2024, compared with the FY2026 target of 10.5%. Profitability recovered from the low level in the previous fiscal year, but remains below the target level. - FY2025-H1AdvancedAnnual report
「Against this backdrop, revenue for the interim consolidated accounting period was ¥10,467 million, up 18.6% year on year; operating income was ¥784 million, up 548.7%; ordinary income was ¥567 million, down 14.8%; and interim profit attributable to owners of the parent was ¥237 million, down 45.9%.」
The operating margin for the interim period was approximately 7.5%, improving from approximately 1.4% in the same period of the previous fiscal year. Although it remains below the FY2026 operating margin target of 10.5%, the company has disclosed measurable progress in profitability. - FY2024RaisedAnnual report
「Under the medium-term management plan beginning in FY2024, the Group aims to achieve sustainable growth and enhance corporate value over the medium to long term, with targets for FY2026 of revenue of ¥30 billion, operating income of ¥3.2 billion, an operating margin of 10.5%, ROE of 8.6%, and a payout ratio of 30% or more.」
Under the FY2026 medium-term management plan, the operating margin target was set at 10.5%, compared with the previous medium- to long-term target of 10% or more. - FY2024-Q3WorsenedAnnual report
「Against this backdrop, revenue for the cumulative third quarter was ¥13,014 million, down 34.0% year on year; operating income was ¥100 million, down 95.6%; ordinary income was ¥333 million, down 87.3%; and loss attributable to owners of the parent was ¥129 million, compared with profit attributable to owners of the parent of ¥1,847 million in the same period of the previous fiscal year.」
The operating margin on revenue for the cumulative third quarter was approximately 0.8%, well below the medium- to long-term target of 10% or more. It also declined from approximately 1.4% in the previous quarter on a cumulative basis, with the company recording a loss attributable to owners of the parent. - FY2024-Q2WorsenedAnnual report
「Revenue for the cumulative second quarter was ¥8,827 million, down 33.9% year on year, and operating income was ¥120 million, down 93.7%.」
The operating margin on revenue for the cumulative second quarter was approximately 1.4%, well below the medium- to long-term target of 10% or more. It also declined from approximately 4.7% in the previous quarter on a cumulative basis. - FY2024-Q1WorsenedAnnual report
「Against this backdrop, revenue for the cumulative first quarter was ¥5,348 million, down 21.9% year on year, and operating income was ¥250 million, down 74.0%.」
The operating margin on revenue for the cumulative first quarter was approximately 4.7%, below the medium- to long-term target of 10% or more. It also declined from approximately 14.0% in the same period of the previous fiscal year. - FY2023-Q3RestatedAnnual report
「Against this backdrop, revenue for the cumulative third quarter was ¥19,723 million, up 34.0% year on year, and operating income was ¥2,300 million, up 80.7%.」
The operating margin on revenue for the cumulative third quarter was approximately 11.7%, exceeding the medium- to long-term target of 10% or more. Although it declined from approximately 14.3% in FY2023-Q2, the target level has been maintained. - FY2023-Q2AdvancedAnnual report
「Against this backdrop, revenue for the cumulative second quarter was ¥13,349 million, up 39.5% year on year; operating income was ¥1,905 million, up 166.2%; ordinary income was ¥2,451 million, up 249.2%; and profit attributable to owners of the parent was ¥1,740 million, up 269.6%.」
The operating margin on revenue for the cumulative second quarter was approximately 14.3%, exceeding the medium- to long-term target of 10% or more. It also improved from 9.01% for the previous full fiscal year, demonstrating measurable progress toward the target. - FY2023-Q1AdvancedAnnual report
「Against this backdrop, revenue for the cumulative first quarter was ¥6,847 million, up 36.9% year on year; operating income was ¥961 million, up 266.6%; ordinary income was ¥1,198 million, up 359.0%; and profit attributable to owners of the parent was ¥900 million, up 398.1%.」
The operating margin for the first quarter was approximately 14.0%, exceeding the medium- to long-term target of 10% or more. It also improved from 9.01% for the previous full fiscal year, demonstrating measurable progress toward the target. - FY2022AdvancedAnnual report
「The operating margin was 9.01%, below the benchmark of 10%.」
The operating margin improved from 4.2% in the previous fiscal year to 9.01%, approaching the medium- to long-term target of 10% or more. However, it remains below the target level. - FY2022-Q3AdvancedAnnual report
「Against this backdrop, net sales for the nine months ended the third quarter were ¥14.722 billion, up 77.4% year on year, and operating profit was ¥1.272 billion, up 604.9% year on year.」
The operating margin for the nine months ended the third quarter was approximately 8.6%, improving from 4.2% in the previous fiscal year and approximately 2.2% in the same period of the previous year. Although it remained below the medium- to long-term target of 10% or higher, the company disclosed measurable progress toward the target. - FY2022-Q2AdvancedAnnual report
「Against this backdrop, net sales for the six months ended the second quarter were ¥9.568 billion, up 83.2% year on year, operating profit was ¥715 million, compared with an operating loss of ¥100 million in the same period of the previous year, ordinary profit was ¥702 million, up 852.3% year on year, and profit attributable to owners of the parent was ¥470 million, compared with a net loss attributable to owners of the parent of ¥333 million.」
The operating margin for the six months ended the second quarter was approximately 7.5%, and the company turned from an operating loss in the same period of the previous year to operating profit. Although it remained below the medium- to long-term target of 10% or higher, profitability improved from both the previous fiscal year and the same period of the previous year. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, net sales for the three months ended the first quarter were ¥5.001 billion, up 51.8% year on year, operating profit was ¥262 million, compared with an operating loss of ¥230 million in the same period of the previous year, ordinary profit was ¥261 million, compared with an ordinary loss of ¥134 million, and profit attributable to owners of the parent was ¥180 million, compared with a net loss attributable to owners of the parent of ¥213 million.」
Operating profit turned from a loss in the same period of the previous year to a profit, and the operating margin improved to approximately 5.2%. Although it remained below the medium- to long-term target of 10% or higher, profitability improved from 4.2% in the previous period. - FY2021AdvancedAnnual report
「The operating margin was 4.2%, below the benchmark of 10%.」
The operating margin improved from 3.3% in the previous fiscal year to 4.2%, but remained below the medium- to long-term target of 10% or higher. - FY2021-Q3AdvancedAnnual report
「Against this backdrop, net sales for the nine months ended the third quarter were ¥8.299 billion, down 27.9% year on year, and operating profit was ¥180 million, down 21.8% year on year.」
Operating profit turned from an operating loss in the cumulative period through the previous quarter to a profit of ¥180 million, resulting in an operating margin of approximately 2.2%. Profitability improved, but remained below the medium- to long-term target of 10% or higher. - FY2021-Q2WorsenedAnnual report
「Against this backdrop, net sales for the six months ended the second quarter were ¥5.222 billion, down 34.8% year on year, and the company posted an operating loss of ¥100 million, compared with operating profit of ¥294 million in the same period of the previous year.」
The operating margin for the six months ended the second quarter was approximately negative 1.9%, remaining below the medium- to long-term target of 10% or higher. - FY2021-Q1WorsenedAnnual report
「Against this backdrop, net sales for the three months ended the first quarter were ¥3.294 billion, down 25.8% year on year, and the company posted an operating loss of ¥230 million, compared with operating profit of ¥216 million in the same period of the previous year.」
The company posted an operating loss for the three months ended the first quarter, resulting in an operating margin of approximately negative 7.0%. The gap with the medium- to long-term target of an operating margin of 10% or higher has widened. - FY2020WorsenedAnnual report
「For the fiscal year, the operating margin was 3.3% against the medium- to long-term target of 10% or higher due to the downturn in the sewing machine business. ROE was negative 1.0%, compared with 9.5% in the previous fiscal year.」
The operating margin was 3.3% for the period against the medium- to long-term target of 10% or higher, widening the gap with the target. - FY2020-Q3WorsenedAnnual report
「Against this backdrop, net sales for the nine months ended the third quarter were ¥11.511 billion, down 21.3% year on year, operating profit was ¥230 million, down 87.8%, and ordinary profit was ¥223 million, down 89.6%.」
The operating margin for the nine months ended the third quarter was approximately 2.0%, substantially below the medium- to long-term target of 10% or higher. - FY2020-Q2WorsenedAnnual report
「Against this backdrop, net sales for the six months ended the second quarter were ¥8.010 billion, down 19.2% year on year, and operating profit was ¥294 million, down 78.8% year on year.」
While maintaining the medium- to long-term target of an operating margin of 10% or higher, net sales and operating profit for the six months ended the second quarter declined substantially year on year, and the operating margin was approximately 3.7%. - FY2019AdvancedAnnual report
「For the fiscal year, the operating margin was 12.2%, compared with the medium- to long-term target of 10% or higher, due to solid performance in the sewing machine business.」
The operating margin was 12.2%, achieving the medium- to long-term target of 10% or higher for the fiscal year. This is described as measurable progress during the period, not completion of the medium- to long-term target itself. - FY2018First statedAnnual report
「Our corporate group aims to achieve a consolidated operating profit margin of 10% or higher over the medium to long term and will work to sustainably enhance corporate value.」
States that it has set a consolidated operating margin of 10% or higher as a medium- to long-term target and places importance on the payout ratio and ROE as indicators as well.