Improving profitability and capital efficiency based on the medium- to long-term vision
First written in FY2019. 3 of 10 entries say "Reframed", first in FY2022. Latest entry: 2026-08-05.
Cmk moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 15 of 71 companies on the "Worse" side.
33 other companies' latest entry also says "Advanced".
- 2026-08-05AdvancedEarnings presentation
「中間目標である29/3期ROE 6.5％の達成に向け、主要検討事項への取り組みを推進」
ROE9％超の最終目標に加え、2029年3月期のROE6.5％という中間目標と、その達成に向けた取り組みが具体的に示された。 - FY2026ReframedAnnual report
「To achieve ROE (return on equity) of 9%, we have established a Corporate Value Enhancement Committee and will advance various measures to make realization of the medium-term management plan more concrete and robust.」
In connection with the review of the medium-term management plan in May 2026, the company presented a framework focused on capital costs and corporate value, centered on ROE of 9% and the Corporate Value Enhancement Committee, in addition to the existing targets for net sales and operating profit. - FY2024RaisedAnnual report
「As a result, the numerical targets for the final year, the fiscal year ending March 2027, were revised upward to net sales of ¥110 billion, operating income of ¥9.5 billion and an operating margin of 8.6%, achieving one year ahead of schedule the previous medium-term plan's targets of ¥100 billion in net sales and ¥8 billion in operating income.」
The targets for the final year of the medium-term plan were raised to ¥110 billion in net sales, ¥9.5 billion in operating profit and an 8.6% operating margin. - FY2023Revenue target achieved; profit target missedAnnual report
「For the fiscal year, net sales were ¥83.8 billion, operating profit was ¥2.6 billion, the operating margin was 3.1%, and ROE was 2.9%. Compared with the initial plan, sales to the priority powertrain and driving-safety sectors increased, and net sales met the plan. However, operating profit, the operating margin and ROE fell short of plan, mainly because of lower utilization at production plants and higher energy prices.」
For the fiscal year ending March 2023, net sales reached ¥83.8 billion against the plan of ¥82.0 billion, exceeding the target, while operating profit, operating margin and ROE fell short of plan. - FY2022ReframedAnnual report
「Under the First Medium-Term Management Plan (fiscal years ending March 2023 to March 2025), we will work to establish an earnings base and lay the groundwork for the next phase of growth through business-structure reform, with initiatives including improving production efficiency through business-structure reform, shifting the automotive product portfolio toward higher value-added products, and preparing for and accelerating the commercialization of new business areas. Fiscal year ending March 2027 (targets): net sales (¥100 million): 1,000; operating profit (¥100 million): 80; operating margin (%): 8.0; ROE (%): 9.0.」
After withdrawing the numerical targets under Medium-Term Management Plan 2019, the company replaced it with a new medium-term management plan and reset its targets for the fiscal year ending March 2027 at ¥100 billion in net sales, ¥8 billion in operating profit, an 8.0% operating margin and ROE of 9.0%. - FY2021SoftenedAnnual report
「In June 2020, the company withdrew the numerical targets for the fiscal years ending March 2021 and March 2022 under Medium-Term Management Plan 2019, announced in May 2019 (fiscal 2019 to fiscal 2021).」
Although the medium- to long-term vision and the policy of focusing on higher value-added fields continued, the numerical targets under Medium-Term Management Plan 2019 were withdrawn, weakening the former profitability and capital-efficiency targets. - FY2019First statedAnnual report
「The medium- to long-term vision is to “transform the business structure to increase job satisfaction and customer satisfaction.” To achieve this vision, we will improve profitability based on three pillars: shifting orders toward higher value-added products and establishing new growth drivers, centered on the automotive field; creating smart factories by making maximum use of IoT and AI; and achieving accelerated growth through M&A and alliances. We aim for an operating margin of 10% or more in fiscal 2025.」
The medium- to long-term vision and its three pillars were systematized for the first time, with a target operating margin of 10% or more in fiscal 2025. For the fiscal year ending March 2022, the final year of Medium-Term Management Plan 2019, the company also set targets of ¥100 billion in net sales, ¥8 billion in operating profit, an 8.0% operating margin and ROE of 10.0%.