Achieving a 4.5% operating profit margin on sales under the medium-term management plan
First written in FY2018. 2 of 4 entries say "Reframed", first in FY2019. Latest entry: FY2021.
Hks moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
19 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「The current consolidated fiscal year is the first year of the HKS Transform to 50th medium-term management plan, covering the fiscal years from August 2021 through August 2023.」
After the final year of the previous HKS NEXT2020 medium-term management plan ended below plan, the company moved to a new three-year medium-term management plan. - FY2020Failure to achieve the plan in the final year of the medium-term management planAnnual report
「The fiscal year began with plans for consolidated revenue of ¥7,550 million, operating profit of ¥205 million, ordinary profit of ¥225 million and net income attributable to owners of the parent of ¥170 million. Through the second quarter, results exceeded plan, partly because the rush in domestic demand ahead of the consumption tax increase was greater than expected. From the third quarter onward, however, the impact of the COVID-19 pandemic was significant. Although results recovered in the fourth quarter, consolidated revenue was ¥323 million below plan (down 4.3%), operating profit was ¥107 million below plan (down 52.4%), and ordinary profit was ¥84 million below plan (down 37.6%).」
In the final year of HKS NEXT2020, revenue, operating profit and ordinary profit fell below the plans set at the outset. The impact of the COVID-19 pandemic from the third quarter onward was cited as a factor behind the shortfall. - FY2019ReframedAnnual report
「For the current fiscal year, performance against the medium-term management plan was affected by a delay in the expected revenue contribution from the IoT in-vehicle communications equipment business, the core of the new business. The consolidated revenue plan was revised to ¥7,522 million and the operating profit plan to ¥140 million. Against the revised plan, consolidated revenue was ¥7,545 million, up ¥23 million (0.3%), and operating profit was ¥198 million, up ¥58 million (41.9%), with both exceeding plan.」
In the second year of the HKS NEXT2020 medium-term management plan, the plan figures were revised following a delay in the expected performance of the IoT business, but revenue and operating profit exceeded the revised plan. - FY2018First statedAnnual report
「One of our management objectives for the final year of the medium-term management plan, covering the fiscal years from August 2018 through August 2020, is to achieve an operating margin of 4.5%. Going forward, we will pursue measures to reduce the cost-of-sales ratio by differentiating ourselves from competitors and developing and providing products with high added value for customers, thereby raising the gross margin on new products, increasing factory utilization, and reducing manufacturing costs.」
The medium-term management plan covering the fiscal years from August 2018 through August 2020 explicitly set, for the first time, a target operating margin of 4.5% for the final year. First-year results were revenue of ¥7,317 million, operating profit of ¥163 million and an operating margin of 2.2%; the achievement rate against the plan was also stated.