Improving enterprise value and net assets by focusing on operating profit and generating consolidated net income on a sustained basis
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 14 of 68 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We will emphasize operating profit, which reflects the results of the business, and seek to grow net assets by consistently generating consolidated net income. EBITDA, calculated by adding depreciation and amortization to operating profit, will also be treated as a key management indicator.」
The policy of emphasizing operating profit, recurring consolidated net income, net assets and EBITDA as management indicators continues. - FY2025RestatedAnnual report
「We will emphasize operating profit, which reflects the results of the business, and seek to grow net assets by consistently generating consolidated net income. EBITDA, calculated by adding depreciation and amortization to operating profit, will also be treated as a key management indicator.」
The policy of emphasizing operating profit, recurring consolidated net income, net assets and EBITDA as management indicators continues. - FY2022RestatedAnnual report
「We will emphasize operating profit, which reflects the results of the business, and seek to grow net assets by consistently generating consolidated net income. EBITDA, calculated by adding depreciation and amortization to operating profit, will also be treated as a key management indicator.」
The policy of emphasizing operating profit, recurring consolidated net income, net asset growth and EBITDA as management indicators continues. - FY2020EBITDA added as a key management indicatorAnnual report
「We will seek to increase enterprise value while enhancing synergies across the Group. We will emphasize operating profit, which reflects the results of the business, and seek to grow net assets by consistently generating consolidated net income. We make substantial investments in our facilities, and depreciation and amortization therefore has a significant impact on our operating performance. Accordingly, EBITDA, calculated by adding depreciation and amortization to operating profit, will also be treated as a key management indicator.」
The policy of emphasizing operating profit, recurring consolidated net income and net asset growth continues, with EBITDA newly identified as a key management indicator. - FY2019RestatedAnnual report
「We will continue our tireless efforts to achieve recurring consolidated net income and further increase enterprise value.」
The goal of increasing enterprise value through recurring consolidated net income is reiterated. No specific numerical targets or deadlines are provided. - FY2018First statedAnnual report
「We will emphasize operating profit, which reflects the results of the business, and seek to grow net assets by consistently generating consolidated net income.」
Operating profit, recurring consolidated net income and net asset growth are identified for the first time as management indicators and targets, but no specific numerical targets are provided.