Quantitative Targets and Revision Policy for “VISION 2020 New Stage”
First written in FY2019. 9 of 15 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 5 of 19 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Under “GLOBAL VISION2030,” the company aims to improve its operating margin and maintain ROE by reliably executing business investments for the future and advancing structural reforms to improve profitability. Accordingly, it has established the following consolidated management targets for the fiscal year ending March 2025.」
As a new plan replacing the former “VISION 2020 New Stage” and “VISION2023,” the company has set targets for the fiscal year ending March 2025 focused on improving profitability and maintaining ROE. - FY2024-Q3RestatedAnnual report
「The Group has promoted sales activities across the company toward realizing the medium-term management plan “VISION2023 (fiscal years 2021–2023).”」
The company continues activities aimed at implementing “VISION2023 (FY2021–FY2023),” which transitioned from “VISION 2020 New Stage.” - FY2024-Q2RestatedAnnual report
「Against this backdrop, the Group has promoted sales activities across the company toward realizing the medium-term management plan “VISION2023 (fiscal years 2021–2023).”」
The company continues activities aimed at implementing “VISION2023 (FY2021–FY2023),” which transitioned from “VISION2020 New Stage.” - FY2024-Q1RestatedAnnual report
「The Group has promoted sales activities across the company toward realizing the medium-term management plan “VISION2023 (fiscal years 2021–2023).”」
The company continues sales activities aimed at implementing “VISION2023 (FY2021–FY2023)” even in the final year. - FY2023-Q3RestatedAnnual report
「Against this backdrop, as a result of promoting sales activities across the company toward the realization of the medium-term management plan “VISION2023 (fiscal years 2021–2023),”」
The company continues to promote activities aimed at implementing “VISION2023 (FY2021–FY2023),” which replaced “VISION 2020 New Stage.” - FY2023-Q2RestatedAnnual report
「Against this backdrop, in pursuit of the medium-term management plan “VISION2023 (fiscal years 2021–2023),” the Group has promoted sales activities across the company」
For VISION2023, which replaced VISION 2020 New Stage, the company continues activities aimed at implementation under the plan for FY2021–FY2023. - FY2023-Q1RestatedAnnual report
「The Group has promoted company-wide sales activities to achieve its medium-term management plan, “VISION2023 (fiscal 2021–2023),”」
For “VISION2023,” which replaced the previous VISION 2020 New Stage, the company continues activities aimed at implementation under the plan for FY2021–FY2023. - FY2022AdvancedAnnual report
「Under “VISION2023,” the company will reliably execute growth investments for the future, seek to improve its operating margin through improvements in its operating structure and strengthening of its financial base, and maintain ROE. Accordingly, it has established the following management targets for the fiscal year ending March 2023.」
For “VISION2023,” which transitioned from the previous “VISION 2020 New Stage,” the company specifies quantitative targets for the fiscal year ending March 2023. - FY2022-Q3RestatedAnnual report
「Against this backdrop, in the first year of the medium-term management plan “VISION2023,” the Group is pursuing ① a business model with strong competitive advantages, ② strengthening the manufacturing foundation supporting sustainable growth, and ③ improving competitive advantages through management reforms adapted to changes in the business environment.」
The company continues to present the first-year initiatives of “VISION2023,” the medium-term management plan that replaced “VISION 2020 New Stage.” - FY2022-Q2ReframedAnnual report
「Against this backdrop, in the first year of the medium-term management plan “VISION2023,” the Group is pursuing ① a business model with strong competitive advantages, ② strengthening the manufacturing foundation supporting sustainable growth, and ③ improving competitive advantages through management reforms adapted to changes in the business environment.」
In place of the quantitative targets presented for the final year of “VISION 2020 New Stage,” the current filing presents 3 initiatives for the first year of “VISION2023.” - FY2021-Q3RestatedAnnual report
「As it was difficult to reasonably calculate the impact of the spread of COVID-19 on the Group, the company did not disclose specific figures as management targets for the fiscal year ending March 2021, the final year of “VISION 2020 New Stage,” in its securities report for the previous consolidated fiscal year. However, at a Board of Directors meeting held on 29 July 2020, it determined the earnings forecasts for the fiscal year ending March 2021 as follows: Sales ¥74,000 million Operating profit ¥3,000 million Operating margin 4.1% Return on equity (ROE) 6.0%」
For the fiscal year ending March 2021, for which disclosure had been deferred in the previous fiscal year, the company continues to disclose an earnings forecast of sales of ¥74 billion, operating profit of ¥3 billion, an operating margin of 4.1% and ROE of 6.0%. - FY2021-Q2RestatedAnnual report
「As it was difficult to reasonably calculate the impact of the spread of COVID-19 on the Group, the company did not disclose specific figures as management targets for the fiscal year ending March 2021, the final year of “VISION 2020 New Stage,” in its securities report for the previous consolidated fiscal year. However, at a Board of Directors meeting held on 29 July 2020, it determined the earnings forecasts for the fiscal year ending March 2021 as follows: Sales ¥74,000 million Operating profit ¥3,000 million Operating margin 4.1% Return on equity (ROE) 6.0%」
For the fiscal year ending March 2021, for which disclosure had been deferred in the previous fiscal year, the company has again disclosed an earnings forecast of sales of ¥74 billion, operating profit of ¥3 billion, an operating margin of 4.1% and ROE of 6.0%. - FY2021-Q1SoftenedAnnual report
「For the fiscal year ending March 2021, we set the above figures because domestic construction demand was reaching a plateau, while overseas sales of strategic products for mid- and large-scale markets was taking time, and capital investment by companies was expected to be restrained as the economy deteriorated due to COVID-19.」
For the fiscal year ending March 2021, for which the company had deferred disclosing specific figures in the previous fiscal year, it set a forecast of sales of ¥74,000 million, operating profit of ¥3,000 million, an operating margin of 4.1% and ROE of 6.0%. These figures are lower than the targets presented in FY2019 and reflect a review based on COVID-19 and other factors. - FY2020SoftenedAnnual report
「Under “VISION 2020 New Stage,” the company had set sales, operating profit, operating margin and ROE as management targets for the fiscal year ending March 2021, the final year, but plans to review them due to changes in the operating environment. As it is currently difficult to reasonably calculate the impact of the COVID-19 pandemic, the company has not disclosed specific figures.」
The company has maintained the final-year indicators themselves, but has decided not to disclose specific figures due to the impact of the COVID-19 pandemic and plans to review the targets. - FY2019First statedAnnual report
「As stated above, the consolidated quantitative targets for the final year, fiscal 2020, were revenue of ¥88.4 billion and operating profit of ¥7.7 billion, with an operating margin target of 8.7%. However, in light of uncertainty over the level of declining demand in the domestic fire alarm and firefighting markets, the lack of recovery in replacement demand for residential fire alarms, delays in launching strategic products and penetrating consulting-based sales overseas, and the expectation that manufacturing costs will continue to rise as parts procurement conditions worsen, the Company plans to review these targets going forward.」
While presenting quantitative targets for FY2020 of sales of ¥88.4 billion, operating profit of ¥7.7 billion and an operating margin of 8.7%, the company states for the first time that it plans to review the target figures in light of market demand, overseas initiatives and the component procurement environment.