Numerical Targets under the 14th Medium-Term Management Plan
First written in FY2019. 1 of 4 entries say "Softened", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2022Failure to achieve the numerical targets of the 14th Medium-Term Management PlanAnnual report
「However, the Company was unable to achieve its numerical targets due to external factors, including further market price increases resulting from the prolonged spread of COVID-19 and the escalating situation in Ukraine, as well as internal factors, including delays in making the North American business profitable and in carrying out fundamental reforms to the domestic business.」
The Group explicitly stated that it failed to achieve the numerical targets of the 14th Medium-Term Management Plan due to external factors and internal factors affecting its North American and domestic businesses. - FY2021RestatedAnnual report
「Under the 14th Medium-Term Management Plan, the Group adopted "restoring the profitability of existing businesses" and "creating a business foundation with the next generation in mind" as its management policies, and aims to achieve consolidated net sales of ¥60.0–65.0 billion, a consolidated operating margin of 5–7%, and ROE of 7–9% in the fiscal year ending March 2022, the final year of the plan.」
The numerical targets for net sales, operating margin, and ROE for the fiscal year ending March 2022 were reiterated. The Group also stated that the targets may be revised separately due to the impact of COVID-19. - FY2020SoftenedAnnual report
「We will further promote asset streamlining and strengthen our financial position through the implementation of the policies described above, and aim to achieve the numerical targets of consolidated net sales of ¥60.0–65.0 billion, a consolidated operating margin of 5–7%, and ROE of 7–9% in the fiscal year ending March 2022, the final year of the 14th Medium-Term Management Plan. However, the timing of the containment of the COVID-19 pandemic remains uncertain, and its impact on economic activity cannot currently be predicted. Accordingly, the targets may be revised in the future due to the effects of operating adjustments and production stoppages resulting from the spread of COVID-19.」
While reiterating the numerical targets of the 14th Medium-Term Management Plan, the Group stated that the targets may be revised in the future due to the effects of operating adjustments and production stoppages resulting from the spread of COVID-19. - FY2019First statedAnnual report
「With the fiscal year ending March 2022 as the final year of the Medium-Term Management Plan, we will focus even more on expanding our business so that we can move even one step closer to consolidated net sales of ¥60.0–65.0 billion, a consolidated operating margin of 5–7%, and ROE of 7–9%.」
The Group set consolidated net sales of ¥60.0–65.0 billion, a consolidated operating margin of 5–7%, and ROE of 7–9%, with the fiscal year ending March 2022 as the final year.