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Mimaki Engineering (6638) · TargetDropped

M1000 Aiming to Become a Truly Global Company

First written in FY2016. 11 of 16 entries say "Restated". Latest entry: FY2022.

16entries
7years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2017-Q3RestatedFY2018-Q2 – FY2021-Q1RestatedFY2021 – FY20222016: 220162017: 320172018: 320182019: 220192020: 320202021: 220212022: 12022
Same theme, other companies
Becoming a true global company through M1000A theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2022DroppedAnnual report

    「In December 2020, the Group formulated and began implementing a new medium- to long-term growth strategy, “Mimaki V10,” with fiscal 2025 as its target year.」

    This report does not mention “M1000” or the ¥100 billion revenue target and describes “Mimaki V10,” with fiscal 2025 as its target year, as the current medium- to long-term growth strategy.
  2. FY2021RestatedAnnual report

    「In its medium- to long-term vision “M1000,” formulated in the fiscal year ending March 2017, the Group worked to strengthen its technology, sales, and production strategies and management platform in order to achieve revenue of ¥100 billion in 4 to 8 years and achieve sustainable growth in the industrial printing market, which has high growth potential. However, in light of the global spread of COVID-19 and the resulting changes in market needs and customer preferences as the pandemic continued, the Group concluded that it needed to fundamentally review its previous initiatives with a view to the era of living with and after COVID-19. It therefore formulated and began implementing a new medium- to long-term growth strategy, “Mimaki V10,” with fiscal 2025 as its target year.」

    The annual report also reaffirmed the explanation that M1000’s ¥100 billion revenue target was a past initiative and that the strategy was revised to Mimaki V10 in response to the COVID-19 pandemic.
  3. FY2021-Q3ReframedAnnual report

    「In its medium- to long-term vision “M1000,” formulated in fiscal 2016, the Group worked to strengthen its technology, sales, and production strategies and management platform in order to achieve revenue of ¥100 billion in 4 to 8 years and achieve sustainable growth in the industrial printing market, which has high growth potential. However, in light of the impact of the global economic downturn accompanying the spread of COVID-19 that became evident from the fourth quarter of fiscal 2019, as well as changes in market needs and customer preferences, the Group concluded that it needed to fundamentally review its previous initiatives with a view to the era of living with and after COVID-19. It therefore formulated and began implementing a new medium- to long-term growth strategy, “Mimaki V10,” with fiscal 2025 as its target year.」

    After explicitly reviewing M1000’s previous ¥100 billion revenue target, the Group restructured its medium- to long-term strategy around “Mimaki V10,” with fiscal 2025 as its target year, in light of the COVID-19 pandemic and changes in customer needs.
  4. FY2021-Q2SoftenedAnnual report

    「Against this backdrop, the Group worked diligently toward sustainable growth, aiming to become the market leader in digital on-demand printing through market-oriented product development centered on its proprietary raster technologies, such as inkjet, and vector technologies, such as cutting.」

    Although the report describes the direction of market-oriented product development, market leadership, and sustainable growth, it does not state “M1000” or the ¥100 billion annual revenue target in this quarterly report. It also states that there have been no material changes to the management strategy or related matters. This is therefore treated as a reduced emphasis on the numerical target in this filing, rather than a withdrawal of the target.
  5. FY2021-Q1RestatedAnnual report

    「Against this backdrop, the Group worked diligently toward sustainable growth, targeting annual revenue of ¥100 billion under the M1000 management slogan and aiming to become the market leader in digital on-demand production through market-oriented product development centered on its proprietary raster technologies, such as inkjet, and vector technologies, such as cutting.」

    Even amid declining demand caused by the COVID-19 pandemic, the Group reaffirmed its product development centered on raster and vector technologies, its aim of becoming the market leader in digital on-demand production, and M1000’s ¥100 billion annual revenue target.
  6. FY2020-Q3RestatedAnnual report

    「Against this backdrop, the Group is working diligently toward sustainable growth, targeting annual revenue of ¥100 billion under the M1000 management slogan and aiming to become the market leader in digital on-demand production through market-oriented product development centered on its proprietary raster technologies, such as inkjet, and vector technologies, such as cutting.」

    The Group has reaffirmed its policy of pursuing M1000’s ¥100 billion annual revenue target through market-oriented product development centered on raster and vector technologies.
  7. FY2020-Q2RestatedAnnual report

    「Against this backdrop, the Group is working diligently toward sustainable growth, targeting annual revenue of ¥100 billion under the M1000 management slogan and aiming to become the market leader in digital on-demand production through market-oriented product development centered on its proprietary raster technologies, such as inkjet, and vector technologies, such as cutting.」

    The Group has reaffirmed its policy of pursuing M1000’s ¥100 billion annual revenue target through market-oriented product development centered on raster and vector technologies.
  8. FY2020-Q1RestatedAnnual report

    「Against this backdrop, the Group is working diligently toward sustainable growth, targeting annual revenue of ¥100 billion under the M1000 management slogan and aiming to become the market leader in digital on-demand production through market-oriented product development centered on its proprietary raster technologies, such as inkjet, and vector technologies, such as cutting.」

    The Group has reaffirmed the M1000 management slogan, the ¥100 billion annual revenue target, and its market-oriented product development policy centered on raster and vector technologies.
  9. FY2019-Q2RestatedAnnual report

    「Under the management slogan “M1000: Aiming to Become a True Global Company,” the Group is steadily advancing initiatives targeting annual revenue of ¥100 billion,」

    The Group has reaffirmed the M1000 management slogan and ¥100 billion annual revenue target, and states that it is steadily advancing its initiatives.
  10. FY2019-Q1RestatedAnnual report

    「Under these circumstances, under the management slogan “M1000: Aiming to Become a True Global Company,” the Group is accelerating the building of systems appropriate for a global company while steadily advancing initiatives targeting annual revenue of ¥100 billion.」

    The Group has reaffirmed M1000’s ¥100 billion annual revenue target and its focus on building systems, and states that it is steadily advancing its initiatives.
  11. FY2018-Q3RestatedAnnual report

    「Under these circumstances, the Group is steadily advancing initiatives aimed at becoming a global company with annual revenue of ¥100 billion.」

    The target of becoming a global company with annual revenue of ¥100 billion remains unchanged, and the Group continues to state that it is steadily advancing its initiatives.
  12. FY2018-Q2RestatedAnnual report

    「Under these circumstances, the Group adopted the management slogan “M1000 2.0: Aiming to Become a True Global Company” and is working to accelerate growth toward becoming a company with annual revenue of ¥100 billion.」

    The Group has reaffirmed its management slogan of aiming to become a company with annual revenue of ¥100 billion under M1000 2.0.
  13. FY2018-Q1ReframedAnnual report

    「Under these circumstances, the Group updated its management slogan, “M1000: Aiming to Become a True Global Company,” to Version 2.0 and is focusing on initiatives centered on building systems appropriate for a company targeting annual revenue of ¥100 billion.」

    While maintaining M1000’s ¥100 billion annual revenue target, the Group has updated the initiative as Version 2.0, emphasizing the building of systems appropriate for the target company.
  14. FY2017-Q3RestatedAnnual report

    「Beginning with the fiscal year ending March 2017, the Group adopted a new slogan, “M1000: Aiming to Become a True Global Company,” with a consolidated revenue target of ¥100 billion, and is pursuing the following key initiatives over the medium to long term.」

    The Group has reiterated the M1000 slogan, which targets consolidated revenue of ¥100 billion, and its medium- to long-term key initiatives.
  15. FY2017-Q1RestatedAnnual report

    「The Group announced its medium- to long-term growth vision for sustainable growth, “M1000: Aiming to Become a True Global Company,”」

    The Group has once again set out its M1000 medium- to long-term vision.
  16. FY2016First statedAnnual report

    「Beginning with the fiscal year ending March 2017, the Group adopted a new slogan, “M1000: Aiming to Become a True Global Company,” with a consolidated revenue target of ¥100 billion.」

    The Group set a ¥100 billion consolidated revenue target from the fiscal year ending March 2017 and presented the slogan of aiming to become a true global company.
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M1000 Aiming to Become a Truly Global Company | MIMAKI ENGINEERING CO.,LTD. (6638) | Komori