Sound management resilient to change through YSP2023
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2024Plan completed; targets not achievedAnnual report
「Although the Company aims to achieve resilient, sound management, major changes in the external environment caused it to fall short of its targets for operating margin and ROE.」
YSP2023 entered its final-year review, with operating margin and ROE reported as below target. At the same time, progress in ESG, products for electric vehicles and new sites was presented as an achievement. - FY2023AdvancedAnnual report
「In the final year of the plan, the Company is accelerating its proprietary “5G*” initiative, defined to address various challenges in pursuit of the growth strategy of “building a growth strategy that establishes a strong presence in the era of electrification,” which has been underway since the previous fiscal year.」
In the final year of YSP2023, the Company is accelerating its 5G initiative, defined as a growth strategy for the era of electrification. - FY2022-Q3AdvancedAnnual report
「In the medium-term management plan for fiscal 2021 through fiscal 2023, Yorozu Sustainability Plan 2023, announced on 14 May 2021, the Company set out “appropriate production capacity” and “rebuilding strong operations” to establish a stable earnings base resilient to changes. As part of this initiative, the Company is constructing a new plant aimed at competitive manufacturing and plans to strengthen its production base in the Tokai region by consolidating production there.」
To achieve the appropriate production capacity and rebuild strong operations set out in YSP2023, the Company translated its plans into concrete measures involving construction of a new plant and production consolidation. - FY2021First statedAnnual report
「The Company formulated the new medium-term management plan, Yorozu Sustainability Plan 2023 (YSP2023), covering fiscal 2021 through fiscal 2023. The numerical targets for fiscal 2023 were set as follows: consolidated net sales of ¥150 billion, consolidated operating margin of 5.0%, and ROE of 8.0%.」
Following YSP2020, the Company formulated a new medium-term management plan covering fiscal 2021 through fiscal 2023, targeting consolidated net sales of ¥150 billion, a consolidated operating margin of 5.0% and ROE of 8.0% in fiscal 2023, with the aim of achieving resilient, sound management.