Achieving the Medium-Term Management Plan “GT300”
First written in FY2016. 23 of 35 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2024: 7 of 19 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「In terms of earnings, in addition to passing on cost increases for materials, labor and other items through prices, we worked to reduce costs and expenses. As a result, operating profit was ¥375 million, up 72.6% year on year, and ordinary profit was ¥307 million, up 96.2%. Interim net profit attributable to owners of the parent was ¥203 million, up 85.0%.」
While stating that there had been no significant changes to its management policies, business strategies or other matters, the company reported operating profit of ¥375 million, ordinary profit of ¥307 million and interim net profit of ¥203 million, showing measurable improvement from the same period of the previous year through price pass-through, cost reductions and expense cuts. - FY2026Deterioration in full-year results against the MWX2030 targetsAnnual report
「The company aims for final-year targets of net income of ¥900 million and ROE of 8% or higher. Although it proceeded with price pass-through for increases in material, labor and other costs and worked to reduce costs, the fiscal year ending March 2026 resulted in net income attributable to owners of the parent of ¥77 million and ROE of 0.6%, partly due to impairment losses on inventories at a Chinese subsidiary and refinancing costs.」
While maintaining MWX2030’s final-year targets of net income of ¥900 million and ROE of 8% or higher, the company reported net income of ¥77 million and ROE of 0.6% for the fiscal year ending March 2026, down from ¥452 million and 3.9%, respectively, in the previous fiscal year. - FY2026-H1AdvancedAnnual report
「In terms of profit and loss, operating profit was ¥217 million, up 199.1% year on year, and ordinary profit was ¥156 million, up 294.6%, as the company worked to reduce costs and expenses and passed on increases in material, labor and other costs through prices. Interim net income attributable to owners of the parent was ¥110 million, compared with an interim net loss attributable to owners of the parent of ¥45 million in the same period of the previous year.」
While stating that there are no material changes to its management policies or strategies, including MWX2030, the company improved operating profit from ¥72 million in the same period of the previous year to ¥217 million, and interim net income attributable to owners of the parent from a loss of ¥45 million to a profit of ¥110 million, through cost reductions, expense cuts and price pass-through. - FY2025AdvancedAnnual report
「The company aims for final-year targets of net income of ¥900 million and ROE of 8% or higher. The fiscal year ending March 2025 resulted in net income attributable to owners of the parent of ¥452 million and ROE of 3.9%, as the company passed on increases in material, labor and other costs through prices while working to reduce costs.」
The company reiterates MWX2030’s final-year targets of net income of ¥900 million and ROE of 8% or higher, and reported net income of ¥452 million and ROE of 3.9% for the fiscal year ending March 2025 through initiatives including price pass-through and cost reductions. This represents a measurable improvement from net loss of ¥305 million and ROE of negative 2.8% in the previous fiscal year. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company states that there are no material changes to its management policies, management strategies or related matters, confirming the continuation of its existing management policies and priority issues, including MWX2030. - FY2024ReframedAnnual report
「The new medium-term management plan based on the “Long-Term Vision 2035” covers 7 years, from the fiscal year ending March 2025 through the fiscal year ending March 2031, and is divided into 3 stages. Stage 1 covers the 2 years from the fiscal year ending March 2025 through the fiscal year ending March 2026, during which the company will work to strengthen its earnings base. Stage 2 covers the 3 years from the fiscal year ending March 2027 through the fiscal year ending March 2029, during which the company will establish its future growth trajectory. Stage 3 covers the 2 years from the fiscal year ending March 2030 through the fiscal year ending March 2031, during which the company will achieve its numerical targets through the results of the initiatives undertaken to that point. The plan is named “MWX2030,” signifying Meiwa Industry’s transformation toward 2030, with MW being an abbreviation for 盟和産業. The company will address the following 3 priority issues: strengthening profitability, growth strategies and ESG management, and aims for final-year targets of net income of ¥900 million and ROE of 8% or higher.」
The company renamed and restructured the previous RD365 plan and its priority issues as the new 7-year medium-term management plan “MWX2030,” based on Long-Term Vision 2035. It specifies 3 implementation stages, the priority issues of strengthening profitability, growth strategies and ESG management, and a new framework with final-year targets of net income of ¥900 million and ROE of 8% or higher. - FY2024-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, and continues the direction of the existing medium-term management plan and priority issues. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, and continues the direction of the existing medium-term management plan and priority issues. - FY2024-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, and continues the direction of the existing medium-term management plan and priority issues. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, and continues the direction of the existing medium-term management plan and priority issues. - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, and continues the direction of the existing medium-term management plan and priority issues. - FY2023-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company states that there are no material changes to its management policies, management strategies or related matters, and continues the direction of the existing medium-term management plan and priority issues. - FY2022Explicitly states that the target was not achieved and continues the priority issuesAnnual report
「In 2019, we formulated the RD365 medium-term management plan looking ahead 5–6 years, targeting net income of ¥600 million and ROE of 5% or higher in 3 years, the fiscal year ending March 2022, and ROE of 8% or higher in 5–6 years, the fiscal years ending March 2024–2025, and have pursued these as priority issues. In the fiscal year ending March 2022, we focused on improving profitability and returned to profitability, reporting net income of ¥307 million and ROE of 2.9%, but did not reach the three-year targets. We continue to pursue these initiatives without changing the direction of the priority issues.」
The company explicitly states that the RD365 targets for the fiscal year ending March 2022, net income of ¥600 million and ROE of 5% or higher, were not achieved, with actual net income of ¥307 million and ROE of 2.9%. At the same time, it is maintaining the direction of the priority issues, including ROE of 8% or higher for the fiscal years ending March 2024–2025, and states that it will further strengthen its initiatives. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, confirming the continuation of its policies regarding the existing medium-term management plan. - FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, confirming the continuation of its policies regarding the existing medium-term management plan. - FY2022-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the management policies, management strategies or other matters established by our Group.」
The company explicitly states that there are no material changes to its management policies, management strategies or related matters, confirming the continuation of its policies regarding the existing medium-term management plan. - FY2021SoftenedAnnual report
「Under “RD365,” we aim for final-year targets of net income of ¥600 million and ROE of 5% or higher in the fiscal year ending March 2022. However, in the current fiscal year, the second year of the medium-term management plan and the fiscal year ending March 2021, the business has been significantly affected by factors including cuts in automobile production resulting from the spread of COVID-19. As the business environment has changed since the plan was formulated, we are considering a review, but plan to maintain the direction of the priority issues described above.」
The company maintains RD365’s final-year targets of net income of ¥600 million and ROE of 5% or higher, but explicitly states that it will consider reviewing the plan in light of the current fiscal year’s net loss of ¥1,028 million. While maintaining the direction of the priority issues, the assumptions underpinning achievement of the targets have weakened. - FY2020SoftenedAnnual report
「The numerical targets for “RD365” are net income of ¥600 million and ROE of 5% or higher in the final year, the fiscal year ending March 2022. In particular, there is currently no clear outlook for when the spread of COVID-19 will subside, and the company may consider, among other options, reviewing the plan going forward.」
The company specifies final-year RD365 targets of net income of ¥600 million and ROE of 5% or higher, while stating that it may consider reviewing the plan in light of the impact of COVID-19. - FY2020-Q3RestatedAnnual report
「Our Group is working under the RD365 medium-term management plan to strengthen the profitability of each global site, develop markets through domestic and overseas collaboration, and develop new technologies for sustainable growth.」
The company continues to describe the RD365 medium-term management plan and its priority initiatives of strengthening the profitability of global sites, developing markets and developing new technologies. - FY2020-Q2RestatedAnnual report
「Against this backdrop, our Group is working under the RD365 medium-term management plan to strengthen the profitability of each global site, develop markets through domestic and overseas collaboration, and develop new technologies for sustainable growth.」
The company continues to describe the priority initiatives under the RD365 medium-term management plan and states that there are no material changes to its management policies, management strategies or related matters. - FY2020-Q1ReframedAnnual report
「Against this backdrop, our Group is working under the RD365 medium-term management plan to strengthen the profitability of each global site, develop markets through domestic and overseas collaboration, and develop new technologies for sustainable growth.」
In place of the previous GT300 medium-term management plan, this filing describes initiatives based on RD365. The plan name and the wording of the priority initiatives have changed, with greater emphasis on strengthening the profitability of each global site, developing markets through domestic and overseas collaboration, and developing new technologies. - FY2019-Q3RestatedAnnual report
「Under the GT300 medium-term management plan, our Group is working to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company continues to pursue establishment of a four-region global automotive-parts supply system under GT300, and states that there are no material changes to its management policies, management strategies or related matters. - FY2019-Q2RestatedAnnual report
「Against this backdrop, our Group is working under the GT300 medium-term management plan to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company reiterates the establishment of a four-region global automotive-parts supply system under GT300. No changes to the plan’s numerical targets or deadlines are stated. - FY2019-Q1RestatedAnnual report
「Against this backdrop, our Group is working under the GT300 medium-term management plan to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company continues to pursue establishment of a four-region global automotive-parts supply system under GT300. There are no material changes to the plan’s targets or deadlines. - FY2018AdvancedAnnual report
「For the current consolidated fiscal year, our Group reported net sales of ¥20,368 million, up 6.8% year on year, an operating margin of 1.6%, up 0.8 percentage points, and ROE of 2.4%, up 1.4 percentage points. We will continue working to expand our business and improve profitability through global business expansion, and to improve these indicators.」
While maintaining GT300’s final-year targets of consolidated net sales of ¥30 billion, an operating margin of 5% and ROE of 8% or higher, net sales, operating margin and ROE all improved from the previous fiscal year. - FY2018-Q3RestatedAnnual report
「Against this backdrop, our Group is working to achieve the GT300 medium-term management plan, which aims to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company continues to pursue achievement of GT300 and establishment of a four-region global automotive-parts supply system, with no change to the target figures or planning deadline stated. - FY2018-Q2RestatedAnnual report
「Against this backdrop, our Group is working to achieve the GT300 medium-term management plan, which aims to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company reiterates its efforts to achieve GT300 and establish a four-region global structure. No change to the target figures or planning deadline is stated. - FY2018-Q1RestatedAnnual report
「Against this backdrop, our Group is working to achieve the GT300 medium-term management plan, which aims to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company continues to work toward achieving GT300. No change to the numerical targets or deadline is stated. - FY2017RestatedAnnual report
「The numerical targets for “GT300” are consolidated net sales of ¥30 billion, an operating margin of 5% and ROE of 8% or higher in the final year, the fiscal year ending March 2019.」
The company reiterates the final-year numerical targets of ¥30 billion in net sales, a 5% operating margin and ROE of 8% or higher. Actual results for the fiscal year were net sales of ¥19.068 billion and operating profit of ¥143 million, and the filing does not state that the targets themselves were achieved. - FY2017-Q3RestatedAnnual report
「Against this backdrop, our Group is working to achieve the GT300 medium-term management plan, which aims to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company continues to pursue the establishment of a four-region global structure to achieve GT300. No new numerical targets or deadline for achievement are presented. - FY2017-Q2RestatedAnnual report
「Against this backdrop, our Group is working to achieve the GT300 medium-term management plan, which aims to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The company continues to work toward achieving GT300, but does not present new numerical targets or a deadline for achievement. - FY2017-Q1RestatedAnnual report
「Against this backdrop, our Group is working to achieve the GT300 medium-term management plan, which aims to establish a four-region global automotive-parts supply system covering Japan, China, ASEAN and North America.」
The filing states that the company continues to work toward achieving GT300, but does not present new numerical targets, a deadline for achievement or specific progress. - FY2016First statedAnnual report
「The numerical targets for “GT300” are consolidated net sales of ¥30 billion, an operating margin of 5%, and ROE of 8% or higher.」
The medium-term management plan, looking ahead to the fiscal year ending March 2019, sets numerical targets for net sales, operating margin and ROE, along with initiatives including overseas expansion, domestic sales expansion, cost reductions and strengthening the housing business.