Management focused on financial strength, using the total assets operating profit ratio as a key management indicator
First written in FY2017. 4 of 7 entries say "Reframed", first in FY2022. Latest entry: FY2026.
Tanaka Seimitsu Kogyo moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2019: 6 of 35 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The group places importance on improving business profitability and capital efficiency, and positions operating profit, ROE and ROIC as its key management metrics.」
The framework has changed from management metrics centered on ROA to one focused on capital efficiency, with operating profit, ROE and ROIC as the key metrics. - FY2022ReframedAnnual report
「Through investments to improve the profitability of the Parts Manufacturing Division and proactive investment in the Solutions Division, we aim for consolidated net sales of ¥34.0 billion and an operating margin of 5% in the fiscal year ending March 2027, the final year of the medium-term management plan, even as engine components are expected to decline over the medium to long term.」
The medium-term management plan explicitly sets consolidated net sales of ¥34.0 billion and an operating margin of 5% for the fiscal year ending March 2027 as its targets, replacing the previous management metrics centered on ROA. - FY2021RaisedAnnual report
「The group has set ROA as its target, and actual ROA was negative 1.6%. We will continue to use assets efficiently and aim for 6.0% as a long-term target.」
Actual ROA was negative 1.6%, while a numerical long-term target of 6.0% was explicitly stated. - FY2018AdvancedAnnual report
「The group has set ROA as its target, with a planned figure of 2.4% for the current fiscal year. Actual ROA was 3.2%, owing in part to higher revenue from the start of mass production of the group's first rocker arms for kei cars.」
The policy of using ROA as a management metric is quantified for the first time, showing actual performance of 3.2% against the current fiscal year's plan of 2.4%. - FY2017First statedAnnual report
「We had previously adopted and promoted the operating profit margin as a management metric, but we now use return on operating profit to total assets as a management metric, with the aim of strengthening our financial position.」
The management metric has changed from the ordinary profit margin on sales to return on operating profit to total assets, with the aim of strengthening the financial position.