Medium-term Three-Year Management Plan “Challenge 2019”
First written in FY2017. 1 of 4 entries say "Achieved", first in FY2020. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2024: 4 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「We revised the numerical targets of the medium-term management plan Value Up 2023, which reaches its final year in the fiscal year ending March 2024 (fiscal years ending March 2021 through March 2024). For details, please refer to the first-quarter report for the 82nd fiscal year.」
The company reiterates that the plan period and numerical targets for Value Up 2023 have been revised. The revised figures themselves are not presented, with the first-quarter report cited for details of the revisions. - FY2021-Q1Cited as achievedAnnual report
「Over the three years from the fiscal year ended March 2018 through the fiscal year ended March 2020, the Group pursued the Medium-Term Three-Year Management Plan "Challenge 2019." During this period, it capitalized on growing semiconductor demand and exceeded its annual sales target of ¥300 billion in each of the three years. In particular, it achieved record operating profit of ¥42.7 billion in the first year and also achieved zero net interest-bearing debt, or net cash.」
For Challenge 2019, the company cites exceeding the three-year annual sales target of ¥300 billion, first-year operating profit of ¥42.7 billion and zero net interest-bearing debt as past achievements. It also describes the decline in profitability and challenges in cash generation during the latter half of the plan. - FY2020AchievedAnnual report
「Our Group pursued the Three-Year Medium-Term Management Plan “Challenge 2019” for the fiscal years from March 2018 through March 2020, based on the basic concept of “growth and improved quality of the Group.”」
The three-year period of Challenge 2019 has ended. While establishing a business foundation with sales of approximately ¥300 billion, the company was left with challenges involving declining profitability and cash flow generation. - FY2017First statedAnnual report
「Under the new three-year Medium-Term Management Plan "Challenge 2019," to be undertaken over the three years starting this fiscal year, the Group will maintain the earnings structure and financial base established under the previous medium-term management plan, while pursuing "growth and improved quality of the Group" through initiatives including sustainable profit generation and shareholder returns. Medium-Term Three-Year Management Plan "Challenge 2019" (fiscal years ending March 2018 to March 2020)」
The company launched a new three-year plan based on the core concept of "growth and improved quality of the Group," with targets of annual sales of approximately ¥300 billion, an operating margin of at least 13% in the final year and ROE of approximately 15%.