ROE, Operating Margin and Revenue Targets in the 2024 Medium-Term Management Plan
First written in FY2021. 5 of 11 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 7 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2025Final-year results confirmed; targets missedAnnual report
「Final-year (FY2024) targets: Revenue ¥13 billion, operating profit ¥1 billion, operating margin 8%, ROE 8% FY2024 results: Revenue ¥12.3 billion, operating profit ¥680 million, operating margin 5.6%, ROE 5.5%」
The company disclosed the final-year results of the 2024 Medium-Term Management Plan, all of which fell below the final targets: revenue, operating profit, operating margin and ROE. - FY2025-H1First-half forecasts revised upward, but achieving the medium-term plan targets remains difficultAnnual report
「Although achieving the target indicators of the Japan Tungsten Group 2024 Medium-Term Management Plan will be difficult, the company is actively promoting new products through PR activities and improving their functions based on customer feedback. For existing products, it is also working on new proposals to customers to expand market share and on strengthening its production system.」
The company stated that, although its first-half earnings forecast was revised upward, achieving the target indicators of the 2024 Medium-Term Management Plan remains difficult. It continues to promote new products, make improvements based on customer feedback, propose existing products and strengthen its production system. - FY2024SoftenedAnnual report
「FY2023 results: Revenue ¥11.4 billion, operating profit ¥480 million, operating margin 4.2%, ROE 4.5% Final-year (FY2024) targets: Revenue ¥13 billion, operating profit ¥1 billion, operating margin 8%, ROE 8% FY2024 forecasts: Revenue ¥12 billion, operating profit ¥520 million, operating margin 4.3%, ROE 4.6%」
Against the final-year targets of the 2024 Medium-Term Management Plan, FY2023 results were revenue of ¥11.4 billion, operating profit of ¥480 million, an operating margin of 4.2% and ROE of 4.5%, while the FY2024 forecasts also fell below the targets. The company stated that achieving the final-year targets would be difficult. - FY2024-Q1Profit margin and capital turnover identified as measures to improve ROEAnnual report
「The company will also work to improve its profit margin and capital turnover in order to improve ROE.」
The company identified improving capital turnover, in addition to improving its profit margin, as a measure to raise ROE under the 2024 Medium-Term Management Plan. - FY2023-Q3RestatedAnnual report
「To realise the growth strategy set out in the “Nippon Tungsten Group 2024 Medium-Term Management Plan,” the Group focused on strengthening earnings capacity by promoting initiatives to enhance product capabilities for growth, including active PR activities for new products and continuous improvements based on customer feedback.」
No changes to the numerical targets for FY2024, the final year of the plan, were indicated, and the company reconfirmed its efforts to strengthen its earnings base toward realizing its growth strategy. - FY2023-Q2RestatedAnnual report
「To realize the growth strategy set out in the Japan Tungsten Group 2024 Medium-Term Management Plan, the Group has focused on improving its business portfolio by strengthening its earnings base and new product creation activities while working to improve the profitability of unprofitable businesses and assess whether to continue them.」
To realize the plan ending in FY2024, the company reconfirmed its efforts to strengthen its earnings base, create new products and improve its business portfolio. No changes to the numerical targets were stated. - FY2023-Q1RestatedAnnual report
「In the second year of the Japan Tungsten Group 2024 Medium-Term Management Plan, the Group is advancing initiatives to strengthen its earnings base by enhancing the technological capabilities and expanding the market share of existing products, improving profitability through thorough production cost reductions and taking other measures to solidify its business foundation for growth.」
In the second year of the plan ending in FY2024, the company reconfirmed its efforts to strengthen existing products, expand market share and reduce production costs to reinforce its earnings base. No changes to the numerical targets were stated. - FY2022AdvancedAnnual report
「Japan Tungsten Group 2024 Medium-Term Management Plan: Numerical Targets and Results FY2021 plan: Revenue ¥11 billion, operating profit ¥700 million, operating margin 6.3%, ROE 5.6% FY2021 results: Revenue ¥12.038 billion, operating profit ¥913 million, operating margin 7.6%, ROE 8.4% FY2024 plan: Revenue ¥13 billion, operating profit ¥1 billion, operating margin 8%, ROE 8%」
In the first year of the 2024 Medium-Term Management Plan, actual revenue, operating profit, operating margin and ROE all exceeded the FY2021 plan. - FY2022-Q2RestatedAnnual report
「Under the Japan Tungsten Group 2024 Medium-Term Management Plan, the company has positioned the first 2 years from the current consolidated fiscal year as a period for strengthening the foundation for growth. To improve margins, it is actively working to reduce costs by improving the profitability and yield of material processes and taking other measures, thereby strengthening its earnings base. It is also seeking to optimize inventories through measures including tighter management of appropriate inventory levels, with the aim of improving ROE.」
The company reconfirmed its positioning of the first 2 years of the 2024 Medium-Term Management Plan as a period for strengthening the foundation, along with efforts to reduce costs and optimize inventories to improve margins and ROE. - FY2022-Q1RestatedAnnual report
「Our group has established the Japan Tungsten Group 2024 Medium-term Management Plan, which ends in fiscal 2024. To strengthen the foundation for growth, we are working to build an earnings structure capable of generating stable profits despite sudden environmental changes, concentrating resources through portfolio restructuring in businesses with growth potential, and accelerating new product development through a flexible development structure.」
The company reconfirmed the plan ending in FY2024 and the measures to strengthen its earnings base, concentrate resources and accelerate new product development toward achieving it. The numerical targets themselves were not restated in this quarter's filing. - FY2021First statedAnnual report
「Under the numerical targets of the Japan Tungsten Group 2024 Medium-Term Management Plan, the company aims to achieve ROE of 8%, an operating margin of 8%, operating profit of ¥1 billion and revenue of ¥13 billion in FY2024, the final year of the plan.」
The company set new numerical targets for FY2024, the deadline for the plan: ROE of 8%, an operating margin of 8%, operating profit of ¥1 billion and revenue of ¥13 billion.