Sustained achievement of a minimum of 8
First written in FY2017-Q1. 11 of 27 entries say "Advanced", first in FY2018. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024DroppedAnnual reportIn FY2024, the company cited Minimum 10, rather than the previous Minimum 8, as its basic medium-term management target.
- FY2023Only the revenue growth rate target under Minimum 8 was achieved, and the company moved to a new target.Annual report
「In the fiscal year, the revenue growth rate was the only metric to remain at or above 8%, at 16.6%, partly because the increase in operating income from the previous fiscal year was modest.」
Of the 3 Minimum 8 metrics, the revenue growth rate was achieved at 16.6%, while the operating margin on revenue and ROE fell short. The company moved to Minimum 10 from the fiscal year ending March 2024. - FY2023-Q3AdvancedAnnual report
「For the nine months ended Q3, revenue was ¥60,278 million, up 23.7% year on year, as all segments posted year-on-year revenue growth. Operating income was ¥5,100 million, up 35.9% year on year. Although operating income from the wireless communications equipment segment declined year on year and the automotive communications equipment segment reported a loss, operating income increased substantially in the circuit-testing connectors segment.」
The revenue growth rate was 23.7%, and the operating margin calculated from the disclosed figures was approximately 8.5%. Among the Minimum 8 metrics, quantitative progress was made in the revenue growth rate and operating margin, but the disclosure does not state that all 3 metrics, including ROE, were achieved. - FY2023-Q2AdvancedAnnual report
「For the six months ended Q2, revenue reached a first-half record of ¥40,207 million, up 29.8% year on year, as all segments posted year-on-year revenue growth. Operating income was ¥3,507 million, up 75.1% year on year. Although operating income from the wireless communications equipment segment declined year on year and the automotive communications equipment segment reported a loss, operating income increased substantially in the circuit-testing connectors segment.」
The revenue growth rate was 29.8%, and the operating margin calculated from the disclosed figures was approximately 8.7%. Among the Minimum 8 metrics, quantitative progress was made in the revenue growth rate and operating margin, but the disclosure does not state that all 3 metrics, including ROE, were achieved. - FY2023-Q1The revenue growth rate exceeded 8%, but the operating margin fell short.Annual report
「Revenue was ¥18,926 million, up 18.1% year on year. Revenue in the automotive communications equipment and wireless communications equipment segments was broadly unchanged year on year, while revenue in the circuit-testing connectors segment increased substantially. Operating income was ¥1,087 million, down 10.9% year on year. Although the circuit-testing connectors segment posted a substantial year-on-year increase in operating income, operating income from the wireless communications equipment segment declined, and the automotive communications equipment segment reported a loss due to the impact of higher costs, including persistently high logistics costs, continued increases in raw material prices and yen depreciation.」
Among the Minimum 8 metrics, the revenue growth rate exceeded 8% at 18.1%, while the operating margin remained approximately 5.7% and operating income declined 10.9% year on year. - FY2022AdvancedAnnual report
「In the fiscal year, operating income declined year on year, but the revenue growth rate (11.5%) and ROE (11.6%) remained at 8% or higher. As of the date of submission of this annual securities report, 28 June 2022, the earnings outlook for the fiscal year ending March 2023 was unchanged from the figures announced on 13 May 2022, and all Minimum 8 metrics are expected to be achieved.」
In FY2022, the revenue growth rate was 11.5% and ROE was 11.6%, both at or above 8%, while the operating margin was approximately 7.0% (¥4,684 million ÷ ¥66,848 million), falling short of the target. The company indicated that all 3 metrics are expected to be achieved in the fiscal year ending March 2023. - FY2022-Q3AdvancedAnnual report
「For the nine months ended Q3, revenue was ¥48,727 million, up 11.4% year on year. Revenue in the automotive communications equipment and wireless communications equipment segments continued to decline year on year from Q2 onward due to the global semiconductor shortage and customers' production adjustments amid the renewed spread of COVID-19, while revenue in the circuit-testing connectors segment increased substantially on strong demand. Operating income was ¥3,752 million, down 0.5% year on year. Although the circuit-testing connectors segment posted a substantial year-on-year increase in operating income, the automotive communications equipment segment reported a loss and operating income from the wireless communications equipment segment declined.」
For the nine months ended Q3, the revenue growth rate was 11.4%, exceeding 8%, and the operating margin improved to approximately 7.7% from approximately 6.5% for the six months ended Q2. However, the disclosure does not state that all 3 metrics, including an operating margin of 8% or higher, were achieved. - FY2022-Q2First-half revenue reached a record high, but the operating margin was below 8%.Annual report
「For the six months ended Q2, revenue reached a first-half record of ¥30,969 million, up 14.2% year on year. Revenue in the automotive communications equipment and wireless communications equipment segments turned lower in Q2 due to the global semiconductor shortage and customers' production adjustments amid the renewed spread of COVID-19, while revenue in the circuit-testing connectors segment increased substantially on strong demand. Operating income was ¥2,003 million, down 2.3% year on year. Although the circuit-testing connectors segment posted a substantial year-on-year increase in operating income, the automotive communications equipment segment reported a loss and operating income from the wireless communications equipment segment declined.」
First-half revenue reached a record high, while operating income fell 2.3% year on year and the operating margin was approximately 6.5%. The disclosure does not state that all Minimum 8 metrics were achieved. - FY2022-Q1AdvancedAnnual report
「For the first quarter of the current fiscal year, revenue was ¥16,021 million, up 38.5% year on year. In the circuit-testing connectors segment, revenue declined as orders brought forward, which had increased due to the impact of the spread of COVID-19 in the year-earlier quarter, returned to normal. Revenue increased in the automotive communications equipment and wireless communications equipment segments. Operating income was ¥1,219 million, up 185.7% year on year. Although revenue declined year on year in the circuit-testing connectors and wireless communications equipment segments, operating income improved substantially in the automotive communications equipment segment.」
Although there is no explicit mention of the Minimum 8 target itself, first-quarter revenue increased 38.5% year on year and operating income increased 185.7%. - FY2021AdvancedAnnual report
「In the fiscal year, although revenue declined slightly from the previous fiscal year, the operating margin on revenue (8.6%) and return on equity (12.2%) remained at 8% or higher, as in the previous fiscal year.」
In FY2021, the company again achieved the Minimum 8 targets for operating margin at 8.6% and ROE at 12.2%. Revenue growth fell short because revenue declined, while the disclosure states that all 3 metrics are expected to be achieved in the fiscal year ending March 2022. - FY2021-Q3Revenue and operating income declined for the nine months ended Q3, with no explicit statement that the targets continued to be achieved.Annual report
「For the nine months ended Q3, revenue was ¥43,737 million, down 3.2% year on year. Revenue increased year on year in both the circuit-testing connectors and wireless communications equipment segments, but decreased in the automotive communications equipment segment. Operating income was ¥3,771 million, down 3.4% year on year. The automotive communications equipment segment returned to profitability as its margin improved, and the wireless communications equipment segment increased its operating income, but operating income from the circuit-testing connectors segment declined.」
There is no mention of the Minimum 8 target itself. For the nine months ended Q3, revenue and operating income decreased year on year, while the automotive communications equipment segment returned to profitability. - FY2021-Q2First-half revenue and operating income decreased year on year, and the automotive communications equipment segment was loss-making.Annual report
「For the six months ended Q2, revenue was ¥27,111 million, down 9.4% year on year. Revenue increased year on year in both the circuit-testing connectors and wireless communications equipment segments, but decreased in the automotive communications equipment segment. Operating income was ¥2,049 million, down 18.1% year on year. The automotive communications equipment segment remained loss-making but narrowed its loss, while operating income from the circuit-testing connectors segment declined slightly and that from the wireless communications equipment segment increased.」
In the first half after achieving Minimum 8, revenue and operating income decreased year on year, and the automotive communications equipment segment was also loss-making. - FY2021-Q1Quarterly performance metrics deteriorated due to the impact of COVID-19.Annual report
「For the first quarter of the current fiscal year, revenue was ¥11,569 million, down 22.7% year on year. The circuit-testing connectors segment posted higher revenue year on year, while the automotive communications equipment segment's revenue was almost halved year on year. Operating income was ¥426 million, down 63.7% year on year. Although operating income from the circuit-testing connectors segment increased substantially year on year, the automotive communications equipment segment reported an operating loss.」
Although there is no mention of the Minimum 8 target itself, related revenue and operating income decreased year on year, and the automotive communications equipment segment reported a loss. - FY2020AchievedAnnual report
「In the current fiscal year (fiscal year ended March 2020), consolidated revenue reached a record high for the 6th consecutive fiscal year, and all profit measures also reached record highs. As a result, all 3 Minimum 8 metrics, the aforementioned basic medium-term management targets, were achieved.」
The disclosure states that all 3 Minimum 8 metrics were achieved in the current fiscal year, with the revenue growth rate, operating margin on revenue and return on equity each at 8% or higher. - FY2020-Q3AdvancedAnnual report
「Revenue for the first 3 quarters of the current consolidated fiscal year increased year on year in every segment, reaching ¥45,171 million, up 11.0% year on year. Operating income increased substantially to ¥3,905 million, up 66.9% year on year, as the sharp increases in the Circuit Inspection Connectors and Wireless Communications Equipment segments more than offset the decline in the Automotive Communications Equipment segment.」
For the nine months ended Q3, the revenue growth rate was 11.0%, and the operating margin calculated from the disclosed figures was approximately 8.6%. The disclosure does not state that all 3 Minimum 8 metrics were achieved. - FY2020-Q2AdvancedAnnual report
「Revenue for the second quarter of the current consolidated cumulative period increased year on year in every segment, reaching ¥29,933 million, up 12.3% year on year. Operating profit and loss declined year on year in the automotive communications equipment segment, but increased substantially in both the circuit inspection connector and wireless communications equipment segments, resulting in operating profit of ¥2,504 million, up 89.0% year on year.」
Revenue increased 12.3% year on year, while operating profit rose 89.0%. Based on the disclosed figures, the operating margin was approximately 8.4%, but the company does not explicitly state that the Minimum 8 target as a whole was achieved. - FY2020-Q1AdvancedAnnual report
「Revenue for the first quarter of the current consolidated cumulative period increased year on year in every segment, reaching ¥14,975 million, up 13.1% year on year. Operating profit and loss declined year on year in the automotive communications equipment segment, but operating profit increased substantially in both the circuit inspection connector and wireless communications equipment segments, resulting in operating profit of ¥1,175 million, up 86.3% year on year.」
In the first quarter, revenue increased 13.1% year on year and operating profit increased 86.3%. Although the Company did not explicitly state that Minimum 8 had been achieved, it disclosed measurable progress in the growth and profitability metrics related to the target. - FY2019ROE achieved for the third consecutive period; revenue growth and operating margin unmetAnnual report
「During the consolidated fiscal year, return on equity (ROE) exceeded 8% for the third consecutive period. However, revenue growth and operating margin were both 5.5% and fell short of the targets, due in part to lower revenue and profit in the circuit inspection connector segment.」
The Company states that ROE exceeded 8% for the third consecutive period under Minimum 8, while revenue growth and operating margin were both 5.5% and fell short of the targets. - FY2019-Q2RestatedAnnual report
「●High-quality, full-scale growth through business model innovation and achievement of Minimum 8 Minimum 8: secure revenue growth, operating margin and return on equity of at least 8% each」
The Company has restated its basic medium-term management targets of at least 8% for each of revenue growth, operating margin and return on equity. - FY2019-Q1AdvancedAnnual report
「In the previous fiscal year, ended March 2018, consolidated revenue reached a record high for the fourth consecutive period, while operating profit increased substantially from the fiscal year ended March 2017, bringing the Company one step closer to achieving one of its basic medium-term management targets, securing an operating margin of at least 8%.」
The Company states that consolidated revenue reached a record high for the fourth consecutive period and that it moved one step closer to its 8% operating margin target. Minimum 8 as a whole was not achieved. - FY2018AdvancedAnnual report
「During the consolidated fiscal year, revenue growth exceeded 10% for the third consecutive period and return on equity (ROE) exceeded 10% for the second consecutive period, putting the stable achievement of the target of securing at least 8% on track. However, the operating margin was 5.7% in the previous fiscal year, ended March 2017, and 6.0% in the current consolidated fiscal year. Although it is approaching 8%, the target remains unmet.」
Revenue growth and ROE each exceeded 10% for multiple periods, and the operating margin rose from 5.7% to 6.0%, but Minimum 8 remained unmet. - FY2018-Q3RestatedAnnual report
「●High-quality, full-scale growth through business model innovation and achievement of Minimum 8 Minimum 8: secure revenue growth, operating margin and return on equity of at least 8% each」
The Company has restated Minimum 8 as a basic medium-term management target, with each of the three metrics set at 8% or higher. - FY2018-Q2RestatedAnnual report
「●High-quality, full-scale growth through business model innovation and achievement of Minimum 8 Minimum 8: secure revenue growth, operating margin and return on equity of at least 8% each」
The Company has restated Minimum 8 as a basic medium-term management target, with each of the three metrics set at 8% or higher. - FY2018-Q1RestatedAnnual report
「●High-quality, full-scale growth through business model innovation and achievement of Minimum 8 Minimum 8: secure revenue growth, operating margin and return on equity of at least 8% each」
The Company has restated Minimum 8 as a basic medium-term management target, with each of the three metrics set at 8% or higher. - FY2017-Q3RestatedAnnual report
「High-quality, full-scale growth through business model innovation and achievement of Minimum 8 Minimum 8: secure revenue growth, operating margin and return on equity of at least 8% each」
The Company has restated its basic medium-term management targets of at least 8% for each of the three metrics. - FY2017-Q2RestatedAnnual report
「High-quality, full-scale growth through business model innovation and achievement of Minimum 8 Minimum 8: secure revenue growth, operating margin and return on equity of at least 8% each」
The Company has restated, without change, its basic medium-term management targets of at least 8% for each of the three metrics. - FY2017-Q1First statedAnnual report
「High-quality, full-scale growth through business model innovation and achievement of Minimum 8」
The Company has set Minimum 8 as a target of securing at least 8% for each of revenue growth, operating margin and return on equity.