Returning to a growth trajectory focused on margins and capital efficiency
First written in FY2016. 13 of 31 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-08-07.
Sega Sammy Holdings moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2019: 6 of 35 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「For the fiscal year ending March 2026, performance is expected to fall below the original plan due mainly to the poor performance of new F2P titles in the entertainment content business and the impairment loss on Rovio Entertainment Ltd (hereinafter “Rovio”), as well as the impact of incorporating the results of Stakelogic B.V. (hereinafter “Stakelogic”) and GAN Limited (hereinafter “GAN”) following their acquisition in the gaming business and an impairment loss on Stakelogic.」
The medium-term plan covering the fiscal years ending March 2025 through March 2027 is expected to fall below the original plan due to the poor performance of new F2P titles, impairment losses on Rovio and Stakelogic, and the impact of incorporating post-acquisition results. - FY2026-H1WorsenedAnnual report
「For the interim consolidated accounting period, the Company recorded net sales of ¥201,108 million, operating profit of ¥10,064 million and adjusted EBITDA of ¥15,959 million. Net sales, operating profit and adjusted EBITDA all fell below expectations.」
Adjusted EBITDA, a key metric under the new medium-term plan, was ¥15,959 million, but net sales, operating profit and adjusted EBITDA all fell below expectations. - FY2025AdvancedAnnual report
「Adjusted EBITDA, adopted as a management metric from the current fiscal year, was ¥62,283 million, up 13.8% from the previous fiscal year.」
The Company disclosed adjusted EBITDA of ¥62.283 billion for the period, exceeding the ¥62,000 million plan under the new medium-term plan. - FY2025-H1AdvancedAnnual report
「Adjusted EBITDA, adopted as a management metric from the current fiscal year, was ¥34.8 billion, below ¥37.5 billion in the same period of the previous year, but still exceeded the assumption made at the beginning of the fiscal year.」
The Company disclosed adjusted EBITDA of ¥34.8 billion for the interim period as a management metric under the new medium-term plan. Although this was down 7.3% year on year, it exceeded the initial assumption and presents measurable progress against the target metric. - FY2024ReframedAnnual report
「Under the new medium-term plan, the Group aims to achieve adjusted EBITDA of more than ¥230 billion on a cumulative basis for the three fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2027, and average ROE of more than 10% over the same three-year period.」
The new medium-term plan updated the previous plan’s ordinary profit and ROE targets to a framework targeting cumulative adjusted EBITDA of more than ¥230 billion and average ROE of more than 10% for the three fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2027. - FY2024-Q3AdvancedAnnual report
「Against this backdrop, consolidated net sales for the third quarter cumulative period were ¥349,924 million, up 28.7% year on year, operating profit was ¥54,445 million, up 42.4%, and ordinary profit was ¥57,296 million, up 42.7%.」
Ordinary profit increased from ¥40,138 million in the same period of the previous year to ¥57,296 million, indicating progress in third quarter cumulative performance toward the profit target for the fiscal year ending March 2024. However, growth in quarterly profit attributable to owners of the parent was limited to 7.6% due to business restructuring losses at operations in Europe. - FY2024-Q2AdvancedAnnual report
「Ordinary profit was ¥42,069 million, up 242.0% year on year.」
Ordinary profit for the second quarter cumulative period was substantially higher than in the same period of the previous year. While this disclosure does not indicate that the annual target under the medium-term plan has been achieved, the profit metrics related to management focused on profit margins and capital efficiency continue to recover. - FY2024-Q1AdvancedAnnual report
「Against this backdrop, consolidated net sales for the first quarter cumulative period were ¥108,050 million, up 63.4% year on year. Operating profit was ¥22,556 million, up 712.2%, ordinary profit was ¥23,096 million, up 442.7%, and profit attributable to owners of the parent was ¥17,259 million, up 446.4%.」
Among the profit metrics related to management focused on profit margins and capital efficiency, ordinary profit increased from ¥4,255 million in the same period of the previous year to ¥23,096 million, while operating profit and quarterly profit attributable to owners of the parent also increased substantially. - FY2023RaisedAnnual report
「The target for the fiscal year ending March 2024, the final year of the plan, was ordinary profit of ¥45 billion and ROE of more than 10%. However, as these targets were achieved ahead of schedule in the second year of the medium-term plan, the ordinary profit plan for the fiscal year ending March 2024 has been raised substantially from the original medium-term plan target to ¥58 billion.」
The targets of ¥45 billion in ordinary profit and more than 10% ROE for the fiscal year ending March 2024 were achieved ahead of schedule in the fiscal year ending March 2023, and the ordinary profit plan for the fiscal year ending March 2024 was raised to ¥58 billion. - FY2023-Q3AdvancedAnnual report
「Consolidated net sales for the third quarter cumulative period were ¥271,979 million, up 14.9% year on year. Operating profit was ¥38,222 million, up 17.0%, ordinary profit was ¥40,138 million, up 20.2%, and profit attributable to owners of the parent was ¥32,846 million, up 11.5%.」
Net sales, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all exceeded the same period of the previous year, indicating continued improvement in cumulative quarterly performance toward a growth trajectory focused on profit margins and capital efficiency. - FY2023-Q2WorsenedAnnual report
「Against this backdrop, consolidated net sales for the second quarter cumulative period were ¥150,095 million, up 11.3% year on year. Operating profit was ¥9,574 million, down 34.8%, ordinary profit was ¥12,300 million, down 16.6%, and profit attributable to owners of the parent was ¥9,619 million, down 19.9%.」
While net sales increased, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all fell below the same period of the previous year, and the quarter’s profit metrics deteriorated on the growth trajectory focused on profit margins. - FY2023-Q1AdvancedAnnual report
「Against this backdrop, consolidated net sales for the first quarter cumulative period were ¥66,118 million, up 11.2% year on year. Operating profit was ¥2,777 million, down 27.8%, ordinary profit was ¥4,255 million, up 22.1%, and profit attributable to owners of the parent was ¥3,158 million, up 7.4%.」
Ordinary profit and profit attributable to owners of the parent for the quarter exceeded the same period of the previous year, while operating profit declined. This does not indicate that the medium-term targets of ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024 have been achieved, but some profit metrics continue to recover. - FY2022AdvancedAnnual report
「Ordinary profit, which the Group regards as an important management metric, was ¥33,344 million, and ROE was 12.7%.」
Against the medium-term plan targeting ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024, ordinary profit for the period was ¥33.344 billion and ROE was 12.7%. ROE exceeded the target level, but this disclosure does not indicate that the ordinary profit target was achieved. - FY2022-Q3AdvancedAnnual report
「Against this backdrop, consolidated net sales for the third quarter cumulative period were ¥236,752 million, up 12.6% year on year. Operating profit was ¥32,668 million, up 141.5%, ordinary profit was ¥33,393 million, up 165.6%, and profit attributable to owners of the parent was ¥29,456 million, compared with a loss attributable to owners of the parent of ¥6,239 million in the same period of the previous year.」
The Company moved from a loss in the same period of the previous year to quarterly profit attributable to owners of the parent, while operating profit and ordinary profit also increased substantially year on year. This does not indicate that the targets of ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024 have been achieved, but recovery toward a trajectory focused on profit margins continued through the third quarter cumulative period. - FY2022-Q2AdvancedAnnual report
「Against this backdrop, consolidated net sales for the second quarter cumulative period were ¥134,893 million, up 22.4% year on year. Operating profit was ¥14,678 million, compared with an operating loss of ¥3,076 million in the same period of the previous year. Ordinary profit was ¥14,752 million, compared with an ordinary loss of ¥3,583 million, and profit attributable to owners of the parent was ¥12,012 million, compared with a loss attributable to owners of the parent of ¥21,716 million.」
The Company moved from an operating loss, ordinary loss and loss attributable to owners of the parent in the same period of the previous year to profitability, and quarterly performance continues to recover toward a growth trajectory focused on capital efficiency. This does not indicate that the targets of ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024 have been achieved. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, consolidated net sales for the first quarter cumulative period were ¥59,447 million, up 22.9% year on year. Operating profit was ¥3,844 million, compared with an operating loss of ¥3,851 million in the same period of the previous year. Ordinary profit was ¥3,484 million, compared with an ordinary loss of ¥4,099 million, and profit attributable to owners of the parent was ¥2,940 million, compared with a loss attributable to owners of the parent of ¥3,301 million.」
The Company moved from an operating loss, ordinary loss and loss attributable to owners of the parent in the same period of the previous year to operating profit, ordinary profit and profit attributable to owners of the parent in the current quarter. This does not indicate that the targets of ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024 have been achieved, but recovery toward a quarterly trajectory focused on profit margins is evident. - FY2021ReframedAnnual report
「The Group’s basic management policy is to focus on capital efficiency, with ordinary profit and ROE (return on equity) as key management metrics. The three-year medium-term management plan through the fiscal year ending March 2024 is themed “Beyond the Status Quo—Breaking Through the Current State to Become a Sustainable Company.” The Group has positioned the consumer business in its entertainment content segment and integrated resorts (IR) in its resort segment as priority growth areas, and is pursuing its businesses with targets of ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024, the plan’s final year.」
The target framework was updated from “Road to 2020” to a three-year plan targeting ¥45 billion in ordinary profit and 10% ROE for the fiscal year ending March 2024. The consumer business and IR are designated as priority growth areas. - FY2021-Q3WorsenedAnnual report
「Revenue for the cumulative third quarter was ¥210,177 million, down 25.2% year on year. Operating profit was ¥13,527 million, down 51.8%; ordinary profit was ¥12,574 million, down 51.4%; and loss attributable to owners of the parent for the quarter was ¥6,239 million, compared with profit attributable to owners of the parent of ¥22,989 million in the same period of the previous year.」
Revenue, operating profit, and ordinary profit declined year on year, while profit attributable to owners of the parent turned into a loss, indicating continued deterioration in the growth trajectory focused on profit margins and capital efficiency. - FY2021-Q2WorsenedAnnual report
「Under these business conditions, revenue for the cumulative second quarter was ¥110,225 million, down 33.4% year on year. Operating loss was ¥3,076 million, compared with operating profit of ¥14,601 million in the same period of the previous year; ordinary loss was ¥3,583 million, compared with ordinary profit of ¥12,658 million; and loss attributable to owners of the parent for the quarter was ¥21,716 million, compared with profit attributable to owners of the parent of ¥9,870 million.」
Operating profit, ordinary profit, and profit attributable to owners of the parent in the previous year turned into operating loss, ordinary loss, and net loss, respectively, resulting in a substantial deterioration in the growth trajectory focused on profit margins. - FY2021-Q1WorsenedAnnual report
「Under these business conditions, revenue for the cumulative first quarter was ¥48,382 million, down 33.5% year on year. Operating loss was ¥3,851 million, compared with operating profit of ¥3,409 million in the same period of the previous year; ordinary loss was ¥4,099 million, compared with ordinary profit of ¥2,372 million; and loss attributable to owners of the parent for the quarter was ¥3,301 million, compared with profit attributable to owners of the parent of ¥1,718 million.」
Against the growth trajectory focused on profit margins and capital efficiency, revenue declined under the impact of the COVID-19 pandemic, and operating profit, ordinary profit, and profit attributable to owners of the parent turned into losses. - FY2019SoftenedAnnual report
「The Group has been pursuing Road to 2020 since the fiscal year ended March 2018, with the target period ending in the fiscal year ending March 2020. However, in the fiscal year ended March 2019, the second year of the plan, results fell substantially short of the plan.」
While maintaining the Road to 2020 targets, including a 15% operating margin and 5% ROA, the Group made clear that results for the fiscal year ended March 2019 fell substantially short of plan and that achieving the targets would be difficult. - FY2018RestatedAnnual report
「Under Road to 2020, the Group set a medium-term management target of an operating margin of at least 15% and ROA of at least 5% for the fiscal year ending March 2020.」
The Group reiterated its target of achieving an operating margin of at least 15% and ROA of at least 5% in the fiscal year ending March 2020. - FY2017-Q2RestatedAnnual report
「Since May 2014, the Company has undertaken group structural reforms, fundamentally reviewing the positioning of all businesses, including both existing businesses and areas in which it had been making upfront investments. It classified all businesses as growth, stable earnings and maintenance, or exit and downsizing, with the aim of improving profit margins and capital efficiency.」
The Company reconfirmed its policy of reviewing the positioning of all businesses through classification, with the aim of improving profit margins and capital efficiency. - FY2017-Q1RestatedAnnual report
「The Group has set improving profit margins and capital efficiency as its medium-term management objectives and aims to achieve a consolidated operating margin of 15% and consolidated ROA of 5% in the fiscal year ending March 2020.」
The Group reiterated its target of achieving a consolidated operating margin of 15% and consolidated ROA of 5% by the fiscal year ending March 2020. - FY2016First statedAnnual report
「The Group has identified operating margin and ROA as the management metrics it will emphasize going forward, with the aims of prioritizing profit margins and improving capital efficiency, and will work to achieve the targets set for each business segment by the fiscal year ending March 2020.」
The Group prioritizes operating margin and ROA and has set targets for each segment to be achieved by the fiscal year ending March 2020.