Quality, Profit Margin and Global Production Share Targets under the Medium-Term Plan “Global Teamwork 2020”
First written in FY2017. 2 of 5 entries say "Cited as achieved", first in FY2020. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022DroppedAnnual reportThe description of the management policy and targets for the current fiscal year contains no direct reference to the name or metrics of the former medium-term plan “Global Teamwork 2020.”
- FY2021Cited as achievedAnnual report
「In terms of performance, however, we were unable to reach the targets we had set. As our customers globalized, we expanded our own operations globally and increased production volumes and sales, but our production volume also declined with the decrease in global vehicle production from the second half of 2018 onward. Although we maintained a global share in the 4% range, our operating profit margin declined.」
Regarding “Global Teamwork 2020,” it cites achievements in quality awards and customer satisfaction, while stating that the performance targets were not reached and that the operating profit margin declined despite maintaining a global share in the 4% range. - FY2020Cited as achievedAnnual report
「As results for the current consolidated fiscal year, the Company received quality and development awards from customers in terms of quality, and high evaluations in market research in Japan and the United States.」
As achievements relating to quality under the medium-term management plan, the Company cites quality and development awards from customers and high evaluations in market research in Japan and the United States as past results. It does not explicitly state that the target metrics were achieved. - FY2018Addition of a performance-linked metric to the medium-term planAnnual report
「The target for net income attributable to owners of the parent in the final fiscal year of the initial medium-term management plan is ¥10 billion.」
In addition to the previous targets of No. 1 in quality, a 7% consolidated operating profit margin and a 7% global production share, net income attributable to owners of the parent of ¥10 billion in the final fiscal year of the medium-term plan was presented as a metric for performance-linked compensation. - FY2017First statedAnnual report
「The medium-term plan “Global Teamwork 2020” was formulated to achieve sustained targets of “No. 1 in quality,” a “7% consolidated operating profit margin” and a “7% global production share,” and has been pursued at an accelerated pace since the previous fiscal year.」
The annual report explicitly presents for the first time a medium-term plan targeting No. 1 in quality, a 7% consolidated operating profit margin and a 7% global production share.