Growth, Profitability, Cash Flow and Global Expansion Targets under the 2021 Medium-Term Management Plan
First written in FY2019. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2021: 17 of 76 companies on the "Worse" side.
- FY2022Updated Final Results for the 2021 Mid-term Management PlanAnnual report
「The fiscal year under review was the final year of the 2021 Mid-term Management Plan, but the targets for the adjusted operating profit margin, operating cash flow and ROIC, among others, were not achieved due to the challenging operating environment caused by the spread of COVID-19 and other factors.」
The final-year results for the 2021 Mid-term Management Plan were disclosed as annual revenue growth of 18%, an adjusted operating profit margin of 7.2%, cumulative operating cash flow of ¥2.084 trillion, ROIC of 7.7% and an overseas revenue ratio of 59%. It was stated that several targets had not been achieved. - FY2022-Q1AdvancedAnnual report
「As a result, overseas revenue as a percentage of revenue increased by 13% from the same period of the previous year to 62%.」
Against the 2021 Mid-term Management Plan target of an overseas revenue ratio above 60%, the ratio was 62% in the first quarter. This was a quarterly result and was not stated to represent achievement of the full-year target. - FY2021AdvancedAnnual report
「Despite the challenging operating environment caused by the spread of COVID-19, revenue in the fiscal year under review remained close to the previous fiscal year’s level. As a result of strengthening cash management, operating cash flow increased by ¥232.2 billion year on year to ¥793.1 billion, bringing cumulative operating cash flow for the two years including the previous fiscal year to ¥1,354.0 billion.」
The 2021 Mid-term Management Plan metrics were updated with fiscal 2020 results of annual revenue growth of -0.4%, an adjusted operating profit margin of 5.7%, ROIC of 6.4%, an overseas revenue ratio of 52% and cumulative operating cash flow for two years of ¥1.354 trillion. - FY2021-Q3AdvancedAnnual report
「Adjusted operating profit, a metric calculated by subtracting cost of sales and selling, general and administrative expenses from revenue, decreased by ¥128.7 billion year on year to ¥316.9 billion, as declines at Hitachi Construction Machinery, the Life segment and Hitachi Metals, among others, outweighed the increase in the IT sector.」
As progress in the cumulative nine-month results for the first year of the 2021 Mid-term Management Plan, adjusted operating profit was ¥316.9 billion. The IT business posted higher profit, while lower profit at Hitachi Construction Machinery, the Life segment and Hitachi Metals, among others, had an impact. - FY2020AdvancedAnnual report
「In the fiscal year under review, the first year of the 2021 Mid-term Management Plan, the Hitachi Group’s results were affected as the operating environment deteriorated due to the spread of COVID-19. However, as a result of strengthening our management foundation through our focus on the Social Innovation Business since 2009 and reforms to our business portfolio, we maintained profitability at a level close to that of the previous fiscal year, with an adjusted operating profit margin of 7.5%, while operating cash flow reached approximately ¥560 billion, demonstrating progress in strengthening our earnings capacity and cash generation capacity.」
For the first-year results of the 2021 Mid-term Management Plan, we reported an adjusted operating profit margin of 7.5%, operating cash flow of ¥560.9 billion, ROIC of 9.4% and an overseas revenue ratio of 48%. Although some metrics fell short of their targets, the plan’s progress was updated with actual results. - FY2019First statedAnnual report
「In the 2021 Mid-term Management Plan newly announced in May 2019, the Group will further pursue efforts to realize a sustainable society.」
For fiscal 2021, we set targets of annual revenue growth of more than 3%, an adjusted operating profit margin of more than 10%, cumulative operating cash flow over three years of more than ¥2.5 trillion, ROIC of more than 10% and an overseas revenue ratio of more than 60%. These targets are linked to a plan to drive growth in 5 sectors using Lumada as a common platform.