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Nidec (6594) · TargetEnd of target year for operating margin and disclosure of actual results

15% Operating Profit Margin Under Vision 2020

First written in FY2017-Q1. 10 of 13 entries say "Restated". Latest entry: FY2021.

13entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018RestatedFY2019-Q3 – FY20212016: 220162017: 420172018: 320182019: 320192020: 020202021: 12021
Same theme, other companies
Targets for improving operating profit and operating profit marginA theme 245 companies write about · 8 as a headwind · 251 as a tailwind

The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.

21 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 188 companies compared. The sentences above are computed from all 188.Comparing 200 of the theme's 259 threads.
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  1. FY2021End of target year for operating margin and disclosure of actual resultsAnnual report

    「Operating profit increased 47.4% year on year to ¥160,011 million.」

    No explicit target replacing Vision 2020's operating margin target of 15% or higher was presented; operating profit of ¥160,011 million for the target fiscal year was disclosed.
  2. FY2020-Q2RestatedAnnual report

    「Against this backdrop, our Group is pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and operating profit of ¥300 billion in fiscal 2020, as set out in Vision 2020.」

    For the operating profit target, the current wording of operating profit of ¥300 billion continues to be used instead of the previous target of an operating margin of 15% or higher.
  3. FY2019RestatedAnnual report

    「Under these circumstances, the Nidec Group is pursuing a profitable growth strategy to achieve the Vision 2020 targets of revenue of ¥2 trillion and operating profit of ¥300 billion for fiscal 2020, and revenue for the current fiscal year reached a record high.」

    The profit target was reconfirmed using the current wording, operating profit of ¥300 billion.
  4. FY2019-Q3RestatedAnnual report

    「Against this backdrop, our Group is pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and operating profit of ¥300 billion in fiscal 2020, as set out in Vision 2020.」

    Restated the current wording of the Vision 2020 profit target, operating profit of ¥300 billion.
  5. FY2019-Q1ReframedAnnual report

    「Against this backdrop, our Group is pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and operating profit of ¥300 billion in fiscal 2020, as set out in Vision 2020.」

    For the Vision 2020 profit target, the wording changed from an operating margin of 15% or higher for fiscal 2020 to achieving operating profit of ¥300 billion.
  6. FY2018RestatedAnnual report

    「③ Consolidated operating margin target: 15% or higher」

    Reconfirmed the target of a consolidated operating margin of 15% or higher for fiscal 2020. The operating margin for the current fiscal year was 11.3%.
  7. FY2018-Q3RestatedAnnual report

    「Our Group is pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and an operating margin of 15% in fiscal 2020, as set out in Vision 2020.」

    Restated the target of a 15% operating margin for fiscal 2020.
  8. FY2018-Q2RestatedAnnual report

    「Our Group is pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and an operating margin of 15% in fiscal 2020, as set out in Vision 2020.」

    Restated the target of a 15% operating margin for fiscal 2020.
  9. FY2018-Q1RestatedAnnual report

    「We are pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and an operating margin of 15% in fiscal 2020, as set out in Vision 2020. In the first quarter under review, both revenue and operating profit reached record highs for a quarter.」

    Restated the target of a 15% operating margin for fiscal 2020.
  10. FY2017RestatedAnnual report

    「③ Consolidated operating margin target: 15% or higher」

    Reconfirmed the target of a consolidated operating margin of 15% or higher for fiscal 2020 as a formal medium-term strategic target.
  11. FY2017-Q3RestatedAnnual report

    「Against this backdrop, our Group is pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and an operating margin of 15% in fiscal 2020, as set out in Vision 2020.」

    Restated the target of a 15% operating margin for fiscal 2020.
  12. FY2017-Q2RestatedAnnual report

    「We are pursuing a profitable growth strategy aimed at achieving revenue of ¥2 trillion and an operating margin of 15% in fiscal 2020, as set out in Vision 2020.」

    Restated the target of a 15% operating margin for fiscal 2020.
  13. FY2017-Q1First statedAnnual report

    「We are pursuing a profitable growth strategy aimed at achieving consolidated revenue of ¥2 trillion and an operating margin of 15% in fiscal 2020, as set out in Vision 2020.」

    Vision 2020 specified a consolidated revenue target of ¥2 trillion and an operating margin target of 15% for fiscal 2020.
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15% Operating Profit Margin Under Vision 2020 | NIDEC CORPORATION (6594) | Komori