A V-Shaped Recovery by Fiscal 2017 and an Earnings Structure Capable of Generating Profits
First written in FY2017. 17 of 26 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Full-year earnings deteriorationAnnual report
「Full-year global unit sales declined 5% from the previous fiscal year to 797 thousand units, while full-year revenue increased 4% to ¥2,896.5 billion. Full-year operating profit was ¥75.5 billion, down ¥63.3 billion from the previous fiscal year, ordinary profit was ¥78.9 billion, down ¥19.7 billion, and net profit attributable to owners of the parent was ¥10.0 billion, down ¥31.0 billion.」
Following the shift toward a focus on profitability, revenue increased, but unit sales declined 5%, operating profit was ¥75.5 billion, and net profit attributable to owners of the parent was ¥10.0 billion, resulting in a significant deterioration in full-year earnings from the previous fiscal year. - 2026-05-08OtherRevision of earnings forecasts
「Although profit declined year on year, sales of new models, including the new Destinator, are gaining steady momentum, and profitability has been improving recently.」
Although full-year profit declined, the company also reported initial sales momentum for new models and a recent improvement in profitability. - FY2026-H1First-half earnings deteriorationAnnual report
「Operating profit was ¥17.3 billion, down ¥73.4 billion year on year. Ordinary profit was ¥15.8 billion, down ¥53.4 billion, while interim net loss attributable to owners of the parent was ¥9.2 billion, down ¥47.2 billion year on year.」
Even after the shift toward a focus on profitability, first-half operating profit declined ¥73.4 billion year on year to ¥17.3 billion, while interim net profit or loss attributable to owners of the parent was a loss of ¥9.2 billion, deteriorating from a profit in the same period of the previous year. - FY2024Failure to meet the revised outlookAnnual report
「However, the result fell slightly short of the revised outlook.」
Although improvement measures continued after the shift toward management focused on profitability, the company explained that the fiscal-year results fell slightly short of its revised outlook. - FY2024-Q3AdvancedAnnual report
「Fiscal 2023 is the first year of the new medium-term management plan, “Challenge 2025,” and performance is progressing steadily to date. The consecutive launch of new products is gradually preparing us for the growth phase.」
Regarding the medium-term plan’s shift toward a focus on profitability, the company explained that the first year of Challenge 2025 was progressing steadily and that the consecutive launch of new products was gradually preparing it for the growth phase. - FY2024-Q2AdvancedAnnual report
「Despite the continuing unstable business environment, we promoted improvements in sales quality and our “net proceeds improvement initiatives,” and sincerely addressed and worked on every challenge. As a result, performance in the first half of fiscal 2023 was stronger than we had expected.」
Following the shift toward a focus on profitability, efforts to improve sales quality and net proceeds resulted in first-half fiscal 2023 performance exceeding the company’s expectations. - FY2024-Q1AdvancedAnnual report
「Amid the continuing unstable business environment, we promoted improvements in sales quality and our “net proceeds improvement initiatives,” and sincerely addressed and worked on every challenge. Together with favorable foreign exchange movements, these efforts enabled us to post record-high first-quarter profit. We consider the first year of the new medium-term management plan, “Challenge 2025,” to have got off to a solid start.」
Regarding the focus on profitability, the company explained that continued efforts to improve sales quality and net proceeds resulted in record-high first-quarter profit and a solid start to the first year of the new medium-term management plan, “Challenge 2025.” - FY2023-Q3AdvancedAnnual report
「Against this backdrop, our performance is in a sustained improvement phase, as the results of the “net proceeds improvement strategy” pursued since last year have become evident. We will continue to make every effort to achieve this fiscal year’s earnings targets, the final-year targets of the current medium-term management plan.」
Regarding the current medium-term management plan’s shift toward a focus on profitability, the company explained that the results of its net proceeds improvement strategy had become evident and that it was working toward achieving the earnings targets for the final year. Cumulative third-quarter operating profit was ¥153.7 billion. - FY2023-Q2AdvancedAnnual report
「As a result, group revenue was ¥1,158.2 billion, up ¥267.6 billion year on year, or 30%. Operating profit was ¥84.6 billion, up ¥59.4 billion, or 236%, reflecting improvements in regional mix and selling prices, among other factors. Ordinary profit was ¥101.3 billion, up ¥74.2 billion, or 274%, while quarterly net profit attributable to owners of the parent was ¥82.7 billion, up ¥61.0 billion, or 281%.」
Following the shift toward a focus on profitability, operating profit was ¥84.6 billion, ordinary profit was ¥101.3 billion, and quarterly net profit attributable to owners of the parent was ¥82.7 billion, all showing significant year-on-year improvement. - FY2023-Q1AdvancedAnnual report
「As a result, group revenue was ¥528.7 billion, up ¥96.8 billion year on year, or 22%. Operating profit was ¥30.8 billion, up ¥20.2 billion, or 191%, reflecting the contribution of new models introduced in the previous fiscal year, the normalization of sales activities in the ASEAN market, and improvements in mix and selling prices.」
Following the shift from across-the-board expansion to a focus on profitability, operating profit increased 191% year on year to ¥30.8 billion, supported by the contribution of new models, the normalization of ASEAN sales activities, and improvements in mix and selling prices. - FY2022-Q3AdvancedAnnual report
「Group revenue was ¥1,416.1 billion, up ¥463.3 billion year on year, or 49%. Operating profit was ¥55.9 billion, compared with an operating loss of ¥86.7 billion in the same period of the previous year, reflecting increased wholesale sales, the effects of curbing discounts, and cost improvements. Ordinary profit was ¥61.1 billion, compared with an ordinary loss of ¥92.9 billion, while quarterly net profit attributable to owners of the parent was ¥44.7 billion, compared with a quarterly net loss attributable to owners of the parent of ¥244.0 billion.」
Under the new medium-term plan focused on profitability, cumulative third-quarter operating profit, ordinary profit, and profit attributable to owners of the parent all returned to profitability from losses in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「As a result, group revenue was ¥890.6 billion, up ¥315.7 billion year on year, or 55%. Operating profit improved significantly to ¥25.2 billion, compared with an operating loss of ¥82.6 billion in the same period of the previous year, owing to higher unit sales, an improved sales mix, and the effects of controlling selling expenses, among other factors. Ordinary profit was ¥27.1 billion, compared with an ordinary loss of ¥87.0 billion, while quarterly net profit attributable to owners of the parent was ¥21.7 billion, compared with a quarterly net loss attributable to owners of the parent of ¥209.9 billion.」
Under the new medium-term plan focused on profitability, revenue increased 55% year on year to ¥890.6 billion, operating profit was ¥25.2 billion, ordinary profit was ¥27.1 billion, and quarterly net profit attributable to owners of the parent was ¥21.7 billion, improving from losses in the same period of the previous year to profitability. - FY2022-Q1AdvancedAnnual report
「As a result, group revenue was ¥431.9 billion, up ¥202.4 billion year on year, or 88%. Operating profit improved significantly to ¥10.6 billion, compared with an operating loss of ¥53.3 billion in the same period of the previous year, owing to higher unit sales driven by new models and an improved sales mix, the effects of controlling selling expenses, and cost reductions implemented since the previous fiscal year. Ordinary profit was ¥11.2 billion, compared with an ordinary loss of ¥58.7 billion, while quarterly net profit attributable to owners of the parent was ¥6.1 billion, compared with a quarterly net loss attributable to owners of the parent of ¥176.2 billion.」
Under the reorganized target of shifting from across-the-board expansion to a focus on profitability, operating profit, ordinary profit, and profit attributable to owners of the parent all returned to profitability from losses in the same period of the previous year, demonstrating concrete progress in earnings recovery. - FY2021-Q1ReframedAnnual report
「This plan focuses on cost reform and profitability reform, structural reforms designed to stabilize the management base and achieve sustainable growth after the plan period. To this end, we will shift away from our previous across-the-board expansion strategy and accelerate the selection and concentration of resources. After completing the structural reforms, we will further strengthen the areas in which we are competitive and transform our business into an earnings structure capable of generating reliable profits under this plan.」
The targets were reorganized from those centered on a past V-shaped recovery and expansion of sales volume toward transforming the across-the-board expansion strategy into an earnings structure capable of reliably generating profits through cost reform and profitability reform. - FY2020FY2019 targets missedAnnual report
「Full-year retail unit sales were 1,127 thousand units, down 117 thousand units year on year, or 9%, below the previous consolidated fiscal year.」
Against the previous target of 1.3 million global unit sales by fiscal 2019, retail unit sales were 1,127 thousand units, below the target level. - FY2020-Q3Cumulative third-quarter earnings deteriorationAnnual report
「Retail global unit sales for the cumulative third quarter were 876 thousand units, down 18 thousand units year on year, or 2%. Operating profit was ¥3.6 billion, down ¥81.4 billion year on year. Ordinary profit was a loss of ¥2.7 billion, down ¥95.1 billion. Quarterly net profit attributable to owners of the parent was a loss of ¥11.8 billion, down ¥81.0 billion.」
Regarding progress under the medium-term management plan, global unit sales declined 2% year on year to 876 thousand units, operating profit was ¥3.6 billion, and ordinary profit and quarterly net profit attributable to owners of the parent were losses. The slowdown in earnings through the previous quarter continued in the cumulative third quarter. - FY2020-Q2Mid-year earnings slowdownAnnual report
「Retail global unit sales for the cumulative second quarter were 592 thousand units, down 2 thousand units year on year, or 0%.」
While there was no material change to the medium-term management plan itself, global unit sales for the cumulative second quarter were 592 thousand units, broadly flat year on year, and operating profit declined to ¥10.2 billion, down ¥46.7 billion year on year. The company did not explicitly state whether the full-year target would be achieved. - FY2019AdvancedAnnual report
「As a result, global unit sales for the consolidated fiscal year were 1,244 thousand units, up 143 thousand units year on year, or 13%.」
Against the medium-term management plan’s growth target, global unit sales for the fiscal year were 1,244 thousand units, up 13% year on year, demonstrating progress toward the fiscal 2019 target of 1.3 million units. - FY2019-Q3AdvancedAnnual report
「Despite these conditions, both scale and earnings progressed broadly as planned, and global unit sales for the cumulative third quarter were 894 thousand units, up 15% from the same period of the previous year.」
The company explained that scale and earnings under the medium-term management plan were progressing broadly as planned, with global unit sales for the cumulative third quarter at 894 thousand units, up 15% year on year. - FY2019-Q2AdvancedAnnual report
「In fiscal 2018, the second year of the “Drive for Growth” medium-term management plan, we continued to make steady progress in line with the plan in terms of both scale and profit. Global unit sales for the cumulative second quarter were 594 thousand units, up 19% from the same period of the previous year.」
In the cumulative second quarter of the second year of the medium-term plan, global unit sales were 594 thousand units, up 19% year on year, reflecting progress in line with the plan as described by the company. Operating profit was also ¥56.9 billion. - FY2019-Q1AdvancedAnnual report
「In fiscal 2018, the second year of the “Drive for Growth” medium-term management plan, we made a start broadly in line with the plan in terms of both scale and profit. Global unit sales for the cumulative first quarter were 292 thousand units, up 21% from the same period of the previous year. Operating profit was ¥28.1 billion, up ¥7.5 billion year on year.」
In the first quarter of the second year of the medium-term management plan, global unit sales were 292 thousand units, up 21% year on year, and operating profit was ¥28.1 billion, which the company described as a start in line with the plan. - FY2018AdvancedAnnual report
「In fiscal 2017, the first year of the medium-term management plan, unit sales increased 18.9% year on year to 1.101 million units, revenue increased 15.0% to ¥2,192.4 billion, and the operating margin recovered to 4.5%, marking a solid start toward achieving the fiscal 2019 targets.」
Against the fiscal 2019 targets of 1.3 million units in sales, revenue of ¥2.5 trillion, and an operating margin of at least 6%, the first year saw unit sales recover to 1.101 million, revenue to ¥2,192.4 billion, and the operating margin to 4.5%. - FY2018-Q3AdvancedAnnual report
「Retail unit sales for the cumulative third quarter were 777 thousand units, up 104 thousand units year on year, or 15%. Operating profit was ¥64.6 billion, up ¥87.8 billion year on year. Ordinary profit was ¥81.1 billion, up ¥103.3 billion. Quarterly net profit attributable to owners of the parent was ¥70.1 billion, up ¥283.4 billion.」
As the V-shaped recovery progressed, unit sales increased 15% year on year to 777 thousand units, and the company recorded operating profit of ¥64.6 billion, ordinary profit of ¥81.1 billion, and quarterly net profit attributable to owners of the parent of ¥70.1 billion. - FY2018-Q2AdvancedAnnual report
「We aim to increase unit sales, which have remained around 1 million units, to 1.3 million units by fiscal 2019, and to raise revenue by 30% from fiscal 2016 to ¥2.5 trillion. At the same time, we aim to enforce cost management and raise the operating margin to at least 6%, roughly in line with its historical peak.」
The previous goal of a “V-shaped recovery in fiscal 2017” was translated into specific, measurable medium-term targets of unit sales of 1.3 million, revenue of ¥2.5 trillion, and an operating margin of at least 6% by fiscal 2019. In the cumulative first half, the company recorded operating profit of ¥44.2 billion and quarterly net profit attributable to owners of the parent of ¥48.4 billion. - FY2018-Q1AdvancedAnnual report
「Consolidated operating profit was ¥20.6 billion, up ¥16.0 billion year on year, or 346%. Consolidated ordinary profit was ¥29.0 billion, up ¥24.6 billion, or 564%. Net profit attributable to owners of the parent was ¥23.0 billion, up ¥152.7 billion year on year.」
In the first quarter of fiscal 2017, the company recorded operating profit of ¥20.6 billion, ordinary profit of ¥29.0 billion, and quarterly net profit attributable to owners of the parent of ¥23.0 billion, returning to profitability from a loss in the first quarter of the previous fiscal year. The results showed concrete progress toward the fiscal 2017 V-shaped recovery target. - FY2017First statedAnnual report
「Fiscal 2017 will be a critical year for us as we aim for a V-shaped recovery and enter the first year of the next medium-term management plan. Through rigorous monthly profit-and-loss management by top management, established during the current fiscal year, we will continue improving our earnings structure so that it can generate profits.」
The company first explicitly stated its goal of achieving a V-shaped recovery by the end of fiscal 2017 and improving its earnings structure to generate profits through monthly profit-and-loss management.