Shift to Profit-Focused Management and Formulation of a New Medium-Term Management Plan
First written in FY2017. 9 of 13 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 7 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Cited as achieved".
- FY2022Cited as achievedAnnual report
「Cross-functional initiatives intensified across business-unit boundaries in research and development, technology rollout, product planning, procurement, quality control and inventory management. As a result, a focus on addressing issues while prioritizing profit took root throughout the organization, creating a foundation to support proactive, sustained investment in technology for the future through improved profitability across the company.」
The shift to profit-focused management and cross-organizational and cross-functional initiatives are cited as achievements of Chapter 2. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended 31 December of the current fiscal year, under the management team that began in the fiscal year ending March 2019, we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), AI (artificial intelligence) and security together with business partners, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
The company reconfirmed its policy of advancing future strategies in growth fields together with business partners under the new management team and working to improve the quality of management decisions, productivity and the cost structure. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December of the current fiscal year, under the management team that began in the previous fiscal year, we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), AI (artificial intelligence) and security together with business partners, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
The company reconfirmed its policy of advancing future strategies in growth fields together with business partners under the new management team and working to improve the quality of management decisions, productivity and the cost structure. - FY2020-Q2RestatedAnnual report
「During the six-month period ended 30 September of the current fiscal year, under the management team that began in the previous fiscal year, we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), AI (artificial intelligence) and security together with business partners, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
The company reconfirmed its policy of advancing future strategies in growth fields together with business partners under the new management team and working to improve the quality of management decisions, productivity and the cost structure. - FY2020-Q1RestatedAnnual report
「During the three-month period ended 30 June of the current fiscal year, under the management team that began in the previous fiscal year, we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), AI (artificial intelligence) and security together with business partners, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
The company reconfirmed its policy of advancing future strategies in growth fields together with business partners under the new management team and working to improve the quality of management decisions, productivity and the cost structure. - FY2019RestatedAnnual report
「During the consolidated fiscal year, under the new management team and together with business partners, we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), 3D printing, AI (artificial intelligence) and security, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
Under the new management team, the company is advancing future strategies in growth fields together with business partners and working company-wide to improve productivity and the cost structure in pursuit of profit-focused management. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December of the current fiscal year, under the new management team and together with business partners, we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), 3D printing, AI (artificial intelligence) and security, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
The company reconfirmed its policy of advancing future strategies in growth fields together with business partners under the new management team and working company-wide to improve productivity and the cost structure in pursuit of profit-focused management. - FY2019-Q2RestatedAnnual report
「During the six-month period ended 30 September of the current fiscal year, under the new management team we advanced future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), 3D printing, AI (artificial intelligence) and security, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
The company reconfirmed its policy of advancing future strategies in growth fields under the new management team and working company-wide to improve productivity and the cost structure in pursuit of profit-focused management. - FY2019-Q1RestatedAnnual report
「During the three-month period ended 30 June of the current fiscal year, under the new management team we developed future strategies to further evolve our business models in growth fields such as IoT, VR (virtual reality)/MR (mixed reality), 3D printing, AI (artificial intelligence) and security, while addressing management issues company-wide, including improvements in productivity and our cost structure, through better-quality management decisions.」
Profit-focused management, development of future strategies by the new management team, and improvements in the quality of management decisions, productivity and the cost structure remain company-wide priorities. - FY2018AdvancedAnnual report
「Our Group has supported through digital technology the feelings that can be conveyed precisely because they are handwritten and the ideas that can be refined only through handwriting, presenting "for a creative world" as its vision and these as technologies we can provide "for a world filled with creativity." To achieve further growth under this philosophy, we formulated a new medium-term management plan, Wacom Chapter 2, built around three company-wide strategies: "Technology Leadership," "Island & Ocean" and "Extreme Focus."」
The shift to profit-focused management and formulation of a new medium-term management plan were formalized as the company-wide strategy Wacom Chapter 2. - FY2018-Q3RestatedAnnual report
「Our Group formulated the “Wacom Strategic Business Plan SBP-2019” in April 2015, with financial targets of consolidated revenue of ¥120 billion, a consolidated operating margin of 12% and consolidated return on equity of at least 20% for the fiscal year ending March 2019. However, our Group’s results for the fiscal years ending March 2016 and March 2017 fell substantially below the medium-term management plan.」
In light of the failure to achieve the targets of SBP-2019, the company continues to state its policy of working to improve its cost structure and the quality of management decisions. - FY2018-Q2AdvancedAnnual report
「To improve the quality of management decisions, we established a nomination committee in April consisting mainly of outside directors, began developing selection criteria for officers and other members of our Group's senior management, including Representative Directors, Directors and key executives, and selected and announced in October the next Representative Director and President, whose change was scheduled for 1 April 2018.」
The management transition and preparation of the new structure progressed from the planning stage to the selection and announcement of the next Representative Director and President. - FY2017First statedAnnual report
「Under these circumstances, we plan to change the top management team from the current generation to a new generation upon completion of the fiscal year ending March 2018, in order to shift to profit-focused management and promote initiatives to improve the quality of management decisions. The medium-term management plan, including new management targets, will be developed mainly by the candidate for Representative Director and will be announced with the launch of the new management team as the target.」
For the first time, the policy of shifting from a growth path based on the existing SBP-2019 to profit-focused management and a new medium-term management plan was described as an independent theme.