Komori
Noritsu Koki (7744) · TargetAchieved

¥10 Billion in Business Profit

First written in FY2016. 2 of 7 entries say "Raised", first in FY2021-Q2. Latest entry: FY2024.

7entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017SoftenedFY2018 – FY2020RaisedFY2021-Q2 – FY20242016: 120162017: 120172018: 120182019: 020192020: 220202021: 020212022: 020222023: 020232024: 120242025: 1
Same theme, other companies
Setting and Achieving Earnings Targets Under the Medium-Term Management PlanA theme 787 companies write about · 75 as a headwind · 1058 as a tailwind

The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 133 companies compared. The sentences above are computed from all 133.Comparing 200 of the theme's 1178 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2024AchievedAnnual report

    「Although some initiatives under the Medium-Term Management Plan FY25 are still in progress, all quantitative targets were achieved one year ahead of schedule.」

    The Group states that all quantitative targets under the Medium-Term Management Plan FY25 were achieved one year ahead of schedule.
  2. FY2023RaisedAnnual report

    「During the current consolidated fiscal year, the Group achieved the quantitative targets in the “Medium-Term Management Plan FY25” two years ahead of schedule and therefore revised the targets upward. It will pursue key initiatives with a business EBITDA target of ¥20 billion for FY25.」

    After achieving the previous ¥9 billion–¥12 billion business EBITDA target, the Group raised its FY25 target to ¥20 billion.
  3. FY2021-Q2RaisedAnnual report

    「The target for business EBITDA has been revised upward from the previous range of ¥9 billion to ¥10 billion to ¥9 billion to ¥12 billion.」

    In connection with an update to the medium-term management plan, the Group raised its business EBITDA target range from ¥9 billion–¥10 billion to ¥9 billion–¥12 billion.
  4. FY2020ReframedAnnual report

    「The Group will pursue performance improvement by further strengthening the earnings power of its core businesses and developing and expanding businesses in new growth areas, with business EBITDA of ¥9 billion to ¥10 billion for the fiscal year ending March 2022, set in March 2019, serving as an interim milestone.」

    The Group changed its target from ¥10 billion in business profit for the fiscal year ending March 2019 to a medium-term target of ¥9 billion to ¥10 billion in business EBITDA for the fiscal year ending March 2022, with stronger core businesses and the development and expansion of growth areas as the means of achieving it.
  5. FY2018SoftenedAnnual report

    「As a management target through the fiscal year ending March 2019, the Group pursued ¥10 billion in business profit, particularly among its staged profit targets. Specifically, the target assumed that existing businesses would grow to ¥8 billion in business profit and that M&A and new investments would generate ¥2 billion. However, the target is now expected to be missed because the Group has made growth investments in existing businesses, particularly healthcare and drug discovery, and did not undertake M&A at the anticipated scale because acquisition prices in the M&A market had risen sharply.」

    The Group disclosed for the first time that the ¥10 billion business profit target for the fiscal year ending March 2019 comprised ¥8 billion from existing businesses and ¥2 billion from M&A and new investments, while explaining that the target was expected to be missed because of growth investments and higher acquisition prices.
  6. FY2017RestatedAnnual report

    「Accordingly, the Group has set a medium- to long-term target of ¥10 billion in business profit, calculated by deducting selling, general and administrative expenses from gross profit, and will work to improve performance by further strengthening the earnings power of existing businesses and developing and expanding businesses in new growth areas.」

    The Group continues to pursue the medium- to long-term ¥10 billion business profit target through stronger existing businesses and the development and expansion of new growth areas.
  7. FY2016First statedAnnual report

    「Accordingly, the Group has set a medium- to long-term target of ¥10 billion in business profit and will work to improve performance by further strengthening the earnings power of existing businesses and developing and expanding businesses in new growth areas.」

    The Group set a medium- to long-term business profit target of ¥10 billion, with further strengthening of existing businesses and the development and expansion of new growth areas as the means of achieving it.
Moved together

"Building a portfolio that includes new growth areas" moved the same way as this thread, in the same document, in 5 of its 7 moves.

543332★123456
  1. ★This thread
  2. 1Building a portfolio that includes new growth areas5×
  3. 2Risk of breaching borrowings and financial covenants4×
  4. 3Bringing the Audio Equipment Business for Music and Entertainment into the Group3×
  5. 4Sale of an Equity Stake in Connection with JMDC’s Listing and Majority Ownership3×
  6. 5Reinvestment in R&D, capital expenditures and M&A3×
  7. 6Active investment in businesses expected to generate stable profits and synergies2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Noritsu Koki yet.
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