Policy of using operating profit (margin) as an important financial metric
First written in FY2020. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
21 other companies' latest entry also says "Other".
- FY2026Average operating margin for the past 5 fiscal years fell to 18.9%Annual report
「The five-period average operating margin is 18.9%.」
The policy of focusing on operating margin, which is less susceptible to the effects of gains and losses on the valuation of foreign exchange contracts, was continued, but the five-period average fell from the previous fiscal year's 21.0% to 18.9%. - FY2025Five-period average operating margin fell to 21.0%Annual report
「Because recording gains and losses on the valuation of foreign exchange contracts, arising from their fair value measurement, as non-operating income or expenses causes ordinary income and net income attributable to owners of the parent to fluctuate significantly, our group focuses on operating income and operating margin. The five-period average operating margin is 21.0%.」
The policy of focusing on operating margin, which is less susceptible to the effects of gains and losses on the valuation of foreign exchange contracts, has been continued, and the five-period average fell from the previous fiscal year's 22.6% to 21.0%. - FY2024Five-period average operating margin fell to 22.6%Annual report
「Because recording gains and losses on the valuation of foreign exchange contracts, arising from their fair value measurement, as non-operating income or expenses causes ordinary income and net income attributable to owners of the parent to fluctuate significantly, our group focuses on operating income and operating margin. The five-period average operating margin is 22.6%.」
The policy of focusing on operating margin, which is less susceptible to the effects of gains and losses on the valuation of foreign exchange contracts, has been continued, and the five-period average fell from the previous fiscal year's 23.6% to 22.6%. - FY2023Five-period average operating margin fell to 23.6%Annual report
「Because recording gains and losses on the valuation of foreign exchange contracts, arising from their fair value measurement, as non-operating income or expenses causes ordinary income and net income attributable to owners of the parent to fluctuate significantly, our group focuses on operating income and operating margin. The five-period average operating margin is 23.6%.」
The policy of focusing on operating margin, which is less susceptible to the effects of gains and losses on the valuation of foreign exchange contracts, has been continued, and the five-period average was updated from 24.4% to 23.6%. - FY2022Updated five-period average operating marginAnnual report
「The five-period average operating margin is 24.4%.」
The policy of focusing on operating margin, which is less susceptible to the effects of gains and losses on the valuation of foreign exchange contracts, has been continued, and the five-period average operating margin was stated as 24.4%. - FY2020First statedAnnual report
「We use operating profit and operating margin as key performance indicators because recognizing valuation gains and losses on derivatives arising from foreign exchange contracts in non-operating income and expenses can cause ordinary income and net income attributable to owners of the parent to fluctuate significantly. The average operating margin for the past 5 fiscal years was 26.6%.」
In light of fluctuations in ordinary income and other figures due to derivative valuation gains and losses, it has, for the first time, explicitly stated its policy of using operating margin as a key metric and disclosed the 26.6% average for the past 5 fiscal years.