Medium-Term Management Targets: Net Sales of ¥6 Billion or More and an Operating Margin of 6–8%
First written in FY2017. 3 of 9 entries say "Restated". Latest entry: FY2026.
Miyairi Valve Mfg. moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Revenue for the fiscal year consisted of ¥5,892 million from product and merchandise sales, up 2.0% year on year, and ¥1,151 million from scrap generated through operations, up 13.9%, for total revenue of ¥7,044 million, up 3.8%.」
Revenue for the fiscal year was ¥7,044.20 million, exceeding the former medium-term management target of at least ¥6 billion. However, the operating margin was approximately 1.6%, leaving the 6–8% target unmet. - FY2025AdvancedAnnual report
「Revenue from scrap generated through operations was ¥1,010 million, up 14.8% year on year, bringing total revenue to ¥6,785 million, up 10.2%.」
Revenue was ¥6,785.68 million, exceeding the former medium-term management target of at least ¥6 billion. However, operating income was ¥81 million and the operating margin was approximately 1.2%, so the 6–8% target was not achieved. - FY2024RestatedAnnual report
「Accordingly, the numerical targets will be maintained unchanged, and the company will strive to achieve them as soon as possible. ① Revenue: at least ¥6 billion ② Operating margin: sustainably achieve 6–8%.」
The former medium-term management targets of revenue of at least ¥6 billion and an operating margin of 6–8% have been maintained, and the company has reaffirmed its policy of pursuing their achievement as soon as possible without setting a deadline. FY2024 revenue was ¥6.16 billion, but the operating margin was approximately 3.4%, and the filing does not state that both targets were achieved. - FY2023AdvancedAnnual report
「Revenue for the fiscal year consisted of ¥3,728 million from brass valve-related products, up 19.7% year on year, ¥1,448 million from steel valve-related products, up 10.0%, ¥96 million from other products, up 2.9%, and ¥1,057 million from scrap generated through operations, up 23.0%, for total revenue of ¥6,331 million, up 17.6%.」
Revenue was ¥6,331.41 million, exceeding the former medium-term management target of at least ¥6 billion. However, the operating margin was approximately 4.2%; this filing does not state that the 6–8% target was achieved, and the numerical targets have been maintained. - FY2022RestatedAnnual report
「The company believes that achieving these indicators remains desirable and is implementing various measures. Accordingly, it will maintain the numerical targets unchanged and strive to achieve them as soon as possible.」
The targets of revenue of at least ¥6 billion and an operating margin of 6–8% remain unmet, and no medium-term management plan has been formulated, but the company has reaffirmed its policy of maintaining the numerical targets and pursuing their achievement as soon as possible. - FY2020RestatedAnnual report
「The company is not currently formulating a medium-term management plan because of major changes in the business environment surrounding it. The company formulated a medium-term management plan dated 8 September 2014 and established the following numerical targets as medium-term management indicators for the fiscal year ending March 2018, but has not achieved them due to subsequent changes in the business environment. Nevertheless, it believes that achieving these indicators remains desirable and is implementing various measures. Accordingly, it will maintain the numerical targets unchanged and strive to achieve them as soon as possible.」
The targets of revenue of at least ¥6 billion and an operating margin of 6–8% remain unmet, and no medium-term management plan has been formulated, but the company has reaffirmed its policy of maintaining the numerical targets and pursuing their achievement as soon as possible. - FY2019SoftenedAnnual report
「The company is not currently formulating a medium-term management plan because of major changes in the business environment surrounding it. The company formulated a medium-term management plan dated 8 September 2014 and established the following numerical targets as medium-term management indicators for the fiscal year ending March 2018, but was unable to achieve them due to subsequent changes in the business environment. Nevertheless, it is currently strengthening initiatives to achieve these indicators, so it will maintain the numerical targets unchanged and strive to achieve them as soon as possible.」
The targets of revenue of at least ¥6 billion and an operating margin of 6–8% have been maintained, although they were not achieved by the deadline of the fiscal year ending March 2018. The company also explains that it is not currently formulating a medium-term management plan. - FY2018SoftenedAnnual report
「The company formulated a medium-term management plan dated 8 September 2014 and established numerical targets as medium-term management indicators for the fiscal year ending March 2018, namely revenue of at least ¥6 billion and a sustainable operating margin of 6–8%. However, changes in the business environment subsequently made achievement within the stated period difficult. The company is currently implementing the following initiatives to achieve these indicators. Accordingly, it will maintain the numerical targets unchanged and strive to achieve them as soon as possible.」
The company explicitly stated that achievement within the fiscal year ending March 2018 would be difficult, and the wording changed to an effort to achieve the targets "as soon as possible," without specifying a deadline. The numerical targets themselves have been maintained. - FY2017First statedAnnual report
「The company formulated a medium-term management plan dated 8 September 2014 and established the following numerical targets as medium-term management indicators for the fiscal year ending March 2018. However, the company recognizes that achieving them within the stated period has become difficult due to changes in the business environment. Nevertheless, it is currently strengthening initiatives to achieve these indicators, so it will maintain the numerical targets unchanged and strive to achieve them as soon as possible. ① Revenue: at least ¥6 billion ② Operating margin: sustainably achieve 6–8%.」
The revenue and operating-margin targets for the fiscal year ending March 2018 were first added to the thread. While indicating that achievement within the stated period would be difficult, the company has maintained the targets themselves.