Target of achieving a 12% operating margin
First written in FY2019. 2 of 18 entries say "Raised", first in FY2023. Latest entry: 2026-07-23.
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
- 2026-07-23RaisedManagement plan
「While responding to changes in the business environment, continuously target a consolidated operating margin of 12%–14% or higher」
The target has been made more specific, changing from a consolidated operating margin of at least 12% to a target of 12%–14% or higher. - FY2026Updated progress toward the full-year targetAnnual report
「Under the corporate philosophy "Always Think," the group positions its operating margin as an indicator that accurately reflects the profitability of each business, in addition to pursuing continued earnings growth, and has set a target of 12% for this management metric. For the current consolidated fiscal year, revenue was ¥45,673 million and operating profit was ¥6,723 million, resulting in an operating margin of 14.7%.」
The operating margin on net sales was 14.7%, continuing to exceed the 12% target. Although raw-material unit costs and utility costs put pressure on earnings, the target was achieved through the effect of higher revenue. - 2026-04-23AchievedManagement plan
「Achieve a consolidated operating margin of 12% through the adoption of revised selling prices in the electrical-materials, piping-materials and wiring-device businesses」
The company states that it achieved its target of a consolidated operating margin of at least 12% through the fiscal year ending March 2026, as revised selling prices took hold. - FY2026-H1Updated progress toward the interim-period targetAnnual report
「The group's consolidated revenue was ¥22,946 million, an increase of ¥583 million, or 2.6%, from the same period of the previous year, while operating profit was ¥3,159 million, a decrease of ¥309 million, or 8.9%.」
The interim-period operating margin was approximately 13.8%, above the longstanding 12% target. - FY2025Updated progress toward the full-year targetAnnual report
「Under the corporate philosophy "Always Think," the group positions its operating margin as an indicator that accurately reflects the profitability of each business, in addition to pursuing continued earnings growth, and has set a target of 12% for this management metric. For the current consolidated fiscal year, revenue was ¥45,113 million and operating profit was ¥6,897 million, resulting in an operating margin of 15.3%.」
The operating margin was 15.3%, remaining above the 12% target. Although raw material and utility costs pressured earnings, the disclosure states that the target was achieved through the effect of higher revenue. - FY2025-H1Updated interim resultsAnnual report
「The Group’s consolidated revenue increased in its main segments to ¥22,363 million, up ¥673 million (3.1%) from the same period of the previous year, setting a new record for first-half revenue. Although higher raw-material unit prices pressured earnings, the effects of higher revenue resulted in year-on-year increases in operating income, ordinary income and net income attributable to owners of the parent. Operating income, ordinary income and net income attributable to owners of the parent also reached new records for the first half.」
The interim-period operating margin was approximately 15.5% (¥3,468 million operating profit ÷ ¥22,363 million revenue), above the 12% target. No change to the target or the deadline of the end of March 2026 is disclosed. - FY2025-Q1Updated first-quarter resultsAnnual report
「The group's consolidated operating profit was ¥1,631 million, an increase of ¥231 million, or 16.5%, from the same quarter of the previous year, as the effect of higher revenue outweighed the pressure on earnings from persistently high raw material prices.」
Based on first-quarter revenue of ¥11,142 million and operating profit of ¥1,631 million, the operating margin was approximately 14.6%, above the 12% target. There is no change to the target or the deadline of the end of March 2026. - FY2024AchievedAnnual report
「Under the corporate philosophy "Always Think," the group positions its operating margin as an indicator that accurately reflects the profitability of each business, in addition to pursuing continued earnings growth, and has set a target of 12% for this management metric. For the current consolidated fiscal year, revenue was ¥44,091 million and operating profit was ¥7,332 million, resulting in an operating margin of 16.6%.」
The operating margin was 16.6%, and the disclosure expressly states that the 12% target was achieved. - FY2024-Q3Updated third-quarter resultsAnnual report
「The Group’s consolidated operating income was ¥5,709 million, up ¥2,430 million (74.1%) from the same quarter of the previous year, as the effects of higher revenue outweighed the pressure on earnings from higher raw-material unit prices.」
The operating margin for the cumulative third quarter was approximately 16.8%, above the target of a consolidated operating margin of 12% or more. No change to the target or the deadline of the end of March 2026 is disclosed. - FY2024-Q2Updated second-quarter resultsAnnual report
「The Group's consolidated operating profit was ¥3,253 million, an increase of ¥1,431 million (78.6%) from the same quarter of the previous year, due to the effect of higher revenue despite higher per-unit raw material costs that pressured earnings.」
The operating margin for the cumulative second quarter was approximately 15.0%, above the target of a consolidated operating margin of 12% or more. No change to the target or the deadline of the end of March 2026 is disclosed. - FY2024-Q1Updated the first-quarter results.Annual report
「The group's consolidated revenue was ¥11,064 million, an increase of ¥1,411 million, or 14.6%, from the same quarter of the previous year. The group's consolidated operating profit was ¥1,399 million, an increase of ¥614 million, or 78.3%, from the same quarter of the previous year, as the effect of higher revenue outweighed the pressure on earnings from persistently high raw material prices.」
The operating margin for the first quarter was approximately 12.6%, exceeding the longstanding 12% target. No change to the target itself is disclosed. - FY2023RaisedAnnual report
「In addition to pursuing continued earnings growth, the group positions its operating margin as an indicator that accurately reflects the profitability of each business and aims to achieve a consolidated operating margin of 12% or more by the end of March 2026, the final year of its medium-term management plan.」
The disclosure adds the wording "consolidated operating margin of 12% or more" to the previous 12% operating margin target and sets a deadline of the end of March 2026, the final year of the medium-term management plan. The actual margin for the fiscal year was 10.2%, falling short of the target. - FY2023-Q3Third-quarter results updatedAnnual report
「The Group’s consolidated revenue increased across all segments to ¥30,054 million, up ¥1,641 million (5.8%) from the same quarter of the previous year.」
No change in the 12% operating margin target itself is disclosed. The operating margin for the cumulative third quarter was approximately 10.9%, and operating profit was ¥3,278 million. - FY2023-Q2Updated second-quarter resultsAnnual report
「Consolidated operating profit was ¥1,821 million, a decrease of ¥120 million, or 6.2%, from the same quarter of the previous year.」
No change in the policy regarding the 12% operating margin target is disclosed. The operating margin for the cumulative second quarter was approximately 9.5%. - FY2023-Q1Updated the first-quarter results.Annual report
「The group's consolidated revenue was ¥9,652 million, an increase of ¥710 million, or 8.0%, from the same quarter of the previous year. Operating profit was ¥785 million, a decrease of ¥102 million, or 11.5%, from the same quarter of the previous year.」
No change in the policy regarding the 12% operating margin target is disclosed. In the first quarter, revenue was ¥9,652 million and operating profit was ¥785 million. - FY2022Updated progress toward the targetAnnual report
「For the current consolidated fiscal year, revenue was ¥36,905 million and operating profit was ¥4,044 million, resulting in an operating margin of 11.0%.」
The 12% operating margin target remains in place, but the actual margin for the fiscal year was 11.0%, falling short of the target. - FY2020AdvancedAnnual report
「For the current consolidated fiscal year, revenue was ¥37,573 million and operating profit was ¥4,211 million, resulting in an operating margin of 11.2%. Revenue exceeded the initial plan by ¥1,537 million, or 4.3%, due to the continued launch of new products and active sales activities, among other factors. Although the increase in revenue had a positive effect, the operating margin fell short of the target due in part to higher subcontracting costs.」
The operating margin improved from 10.8% in the previous fiscal year to 11.2%, moving closer to the 12% target but still falling short. The launch of new products and sales activities are cited as factors behind revenue exceeding the plan. - FY2019First statedAnnual report
「In addition to pursuing continued earnings growth, the group positions its operating margin as an indicator that accurately reflects the profitability of each business and has set a target of 12% for this management metric.」
The target operating margin is set at 12%. The operating margin for the current consolidated fiscal year is stated as 10.8%.