Risk of Failing to Achieve Management Targets and Expected Outcomes
First written in FY2017. 2 of 6 entries say "Restated". Latest entry: FY2024.
Panasonic Holdings moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
1 other company's latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「For the fiscal 2024 outlook, ROE and cumulative operating profit are expected to fall short of their targets, while achievement of cumulative operating cash flow has come into view.」
For the medium- to long-term KGI, the fiscal 2024 outlook indicated that ROE and cumulative operating profit were expected to fall short, while achievement of cumulative operating cash flow had come into view. - FY2023AdvancedAnnual report
「The Group's operating results for fiscal 2022 are described in “4. Analysis of Financial Position, Operating Results and Cash Flows by Management.” In fiscal 2022, operating cash flow was ¥520.7 billion, ROE was 7.8%, and operating profit was ¥288.6 billion.」
As the first-year results against the new medium- to long-term strategy's KGI, the Company disclosed operating cash flow of ¥520.7 billion, ROE of 7.8%, and operating profit of ¥288.6 billion. - FY2022RestatedAnnual report
「In April 2022, the Group announced a new medium- to long-term strategy, and in June of the same year each business company announced its strategy. The Group is implementing specific measures to achieve these strategies.」
Even after transitioning from the previous medium-term strategy to the new medium- to long-term strategy and the strategies of each business company, the Company expressly disclosed the risk of failing to meet targets because of economic conditions and other factors. - FY2019RestatedAnnual report
「On 9 May 2019, the Group announced a new medium-term strategy and will implement specific measures to achieve it. Although these strategies were formulated based on information, analyses and other factors considered appropriate, deteriorating business conditions or other factors may prevent the expected results from being achieved.」
The Company also expressly disclosed the risk that the new medium-term strategy might fail to deliver the expected results because of deteriorating business conditions and other factors. - FY2018MaterialisedAnnual report
「Operating profit increased from ¥276.8 billion in the previous fiscal year to ¥380.5 billion. … Profit for the year attributable to owners of the parent was ¥236.0 billion, compared with ¥149.4 billion in the previous fiscal year.」
Against the profit targets set for fiscal 2018, full-year operating profit and net income attributable to owners of the parent both fell below their target amounts. - FY2017First statedAnnual report
「The Group sets profit targets as its management targets and is implementing specific measures to achieve them. These targets are formulated based on information, analyses and other factors considered appropriate at the time of their establishment, but deteriorating business conditions or other factors may prevent the achievement of the targets or the expected results.」
The Company expressly disclosed the possibility that profit targets may not be met and expected results may not be achieved because of deteriorating business conditions and other factors, in relation to its profit targets and specific measures.