Raised Numerical Targets Under the Medium-Term Management Plan “Jitsugen-2020”
First written in FY2018. 1 of 4 entries say "Softened", first in FY2019. Latest entry: FY2021.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2021Failure to achieve numerical targetsAnnual report
「Under the medium-term management plan “Jitsugen-2020,” covering the three years from fiscal 2018 through fiscal 2020, the group had set targets of ¥1,000,000 million in revenue and ¥175,000 million in operating profit for fiscal 2020, but the business environment changed significantly due to various factors in Japan and overseas, and the targets were not achieved.」
The company explicitly stated that it failed to achieve the fiscal 2020 targets under Jitsugen-2020 of ¥1 trillion in revenue and ¥175 billion in operating profit. - FY2020RestatedAnnual report
「Under the medium-term management plan “Jitsugen-2020,” covering the three years from fiscal 2018 through fiscal 2020, the group had set targets of ¥1,000,000 million in revenue and ¥175,000 million in operating profit for fiscal 2020. However, the business environment has changed significantly, requiring a review of the underlying assumptions. While retaining the original performance targets as the desired level to achieve, we will work to build an earnings platform that is less vulnerable to external conditions through both the implementation of growth strategies and structural reform.」
The company reaffirmed its policy of retaining the Jitsugen-2020 numerical targets as the desired level to achieve while building an earnings platform through growth strategies and structural reform. - FY2019SoftenedAnnual report
「Under the medium-term management plan “Jitsugen-2020,” covering the three years from fiscal 2018 through fiscal 2020, the group had set targets of ¥1,000,000 million in revenue and ¥175,000 million in operating profit for fiscal 2020. As the business environment has changed significantly, the underlying assumptions need to be reviewed. While retaining the original performance targets as the desired level to achieve, we will work to rebuild our business platform so that we can consistently generate ¥100,000 million in operating profit by around 2021.」
The original targets of ¥1 trillion in revenue and ¥175 billion in operating profit were retained as the desired level, but the explicit short- to medium-term focus shifted down to stable operating profit of ¥100 billion by around 2021. - FY2018First statedAnnual report
「Following the results for the year, the new medium-term management plan "Jitsugen-2020," covering the three years from FY2018 through FY2020 and updated on a rolling basis, sets higher group-wide targets of revenue of ¥1 trillion and operating profit of ¥175 billion in FY2020.」
Under a three-year plan covering fiscal 2018 through fiscal 2020, the company set new performance targets of ¥1 trillion in revenue and ¥175 billion in operating profit for fiscal 2020.