Medium-Term Management Plan “Jitsugen-2019”
First written in FY2017. 1 of 5 entries say "Reframed", first in FY2018. Latest entry: FY2023.
Nitto Denko moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
21 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「The group achieved one year ahead of schedule the management targets it had set for the end of FY2023: revenue of ¥920,000 million, operating profit of ¥140,000 million, an operating margin of 15%, and ROE (profit attributable to owners of the parent divided by equity attributable to owners of the parent) of 12%.」
The disclosure states that the financial targets of the previous medium-term management plan, Nitto Beyond 2023, were achieved one year ahead of schedule. - FY2021Failure to meet the medium-term plan's numerical targets and transition to the next planAnnual report
「Under the group's medium-term management plan "Jitsugen-2020," covering FY2018 through FY2020, the group had set targets of revenue of ¥1 trillion and operating profit of ¥175 billion in FY2020. However, the business environment changed significantly due to various factors in Japan and overseas, and the targets were not achieved. The company plans to announce a new medium-term management plan covering FY2021 through FY2023 during the current fiscal year and aims for further growth under a new growth strategy.」
The company explicitly stated that Jitsugen-2020's performance targets were not achieved and indicated plans to transition to a new medium-term management plan covering FY2021 through FY2023. - FY2019SoftenedAnnual report
「The business environment has changed significantly, requiring a review of the assumptions. While the original performance targets will remain as desired levels to achieve, the company will work to rebuild its business foundation so that it can generate stable operating profit of ¥100 billion by around 2021.」
While retaining Jitsugen-2020's original performance targets as desired levels to achieve, the company shifted its focus, in response to changes in the business environment, to rebuilding the business foundation around stable operating profit of ¥100 billion. - FY2018ReframedAnnual 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.」
The company rolled forward Jitsugen-2019, launched in FY2017, and updated the plan to Jitsugen-2020, covering FY2018 through FY2020. - FY2017First statedAnnual report
「As the group approaches its 100th anniversary in October 2018, it launched the three-year medium-term management plan "Jitsugen-2019" in FY2017, with a view to growth beyond this milestone, and will focus on the following 3 priorities.」
The company launched a three-year medium-term management plan in FY2017, focusing on restructuring existing businesses, pursuing a growth strategy and strengthening the management foundation.