Management Metrics Focused on Operating Profit Growth, Margins and Capital Efficiency
First written in FY2017. 2 of 6 entries say "Softened", first in FY2019. Latest entry: FY2025.
Mani moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2019: 6 of 35 companies on the "Worse" side.
5 other companies' latest entry also says "Raised".
- FY2025RaisedAnnual report
「Fiscal year ending August 2029 (target): net sales ¥45 billion, operating profit ¥14.5 billion (32%), net income ¥10.5 billion, ROE 16%, net profit margin 23%, total asset turnover 62%」
The company has expanded from its previous focus on the operating profit growth rate, operating margin and ROE to a specific set of targets under Medium-Term Management Plan 2029, including net sales of ¥45 billion, operating profit of ¥14.5 billion and ROE of 16%. - FY2024ReframedAnnual report
「To increase corporate value, we consider the growth rates of net sales and operating profit important management metrics. We also place importance on the operating margin and return on equity (ROE) as metrics of efficient management.」
The explanation of metrics, previously centred on the operating profit growth rate, now explicitly adds net sales and is organised around a set of metrics that includes the operating margin and ROE. - FY2023RestatedAnnual report
「To increase corporate value, we consider the operating profit growth rate an important management metric. We also place importance on the operating margin and return on equity (ROE) as metrics of efficient management.」
The company reaffirms its policy of treating the operating profit growth rate, operating margin and ROE as important metrics for corporate value and efficient management. - FY2023-Q1SoftenedAnnual report
「Ordinary profit was ¥1,736 million, down 9.2% year on year, as foreign exchange gains recorded in the previous year disappeared, among other factors, despite increases in revenue and operating profit.」
The policy of emphasising metrics for corporate value and efficient management itself has not changed. However, this quarter, ordinary profit declined because of the loss of foreign exchange gains despite the increase in operating profit. - FY2019SoftenedAnnual report
「To increase corporate value, we consider the operating profit growth rate an important management metric. We also place importance on the operating margin and return on equity as metrics of efficient management.」
The previously disclosed return on assets has been removed from the current explanation of metrics, which now focuses on the operating profit growth rate, operating margin and return on equity. - FY2017First statedAnnual report
「To increase corporate value, we consider the operating profit growth rate an important metric. We also place importance on the operating margin, return on equity and return on assets as metrics of efficient management.」
The company explicitly states that it places importance on the operating profit growth rate as a metric for increasing corporate value, and on the operating margin, return on equity and return on assets as metrics of efficient management.