Numerical Targets under the ASICS Growth Plan (AGP) 2020
First written in FY2016-Q2. 11 of 17 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2020Plan concluded after revised targets were missedAnnual report
「In 2018, we revised the plan and shifted our focus from growth and expansion to profitability. Although none of the revised numerical targets were achieved, we were able to contain the deterioration in profitability by introducing a category-based structure integrating sales and production and implementing company-wide cost controls.」
The company concluded that none of the revised AGP2020 numerical targets had been achieved, and the plan transitioned to the medium-term management plan 2023. - FY2020-Q3SoftenedAnnual report
「Fiscal 2020 forecast: revenue ¥320,000 million; operating profit or operating loss (△) △¥6,000 million; ordinary profit or ordinary loss (△) △¥9,000 million; profit attributable to owners of the parent or loss attributable to owners of the parent (△) △¥17,000 million; basic earnings per share or basic loss per share (△) △¥92.88.」
The forecast for the fiscal year ending December 2020 was revised from the previously stated revenue of ¥400 billion and operating profit of ¥9 billion to revenue of ¥320 billion, an operating loss of ¥6 billion, an ordinary loss of ¥9 billion, and a loss attributable to owners of the parent of ¥17 billion. - FY2019SoftenedAnnual report
「The outlook for consolidated results for the fiscal year ending December 2020 is revenue of ¥400 billion, operating profit of ¥9 billion, an operating margin of 2.3%, ordinary profit of ¥8 billion, and profit attributable to owners of the parent of ¥4 billion.」
Against the revised AGP2020 targets of revenue of at least ¥500 billion, an operating margin of at least 7%, and ROE of at least 10%, the company presented an outlook for the fiscal year ending December 2020 of revenue of ¥400 billion, an operating margin of 2.3%, ordinary profit of ¥8 billion, and profit attributable to owners of the parent of ¥4 billion. - FY2019-Q3RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The AGP2020 plan period, three business domains and business expansion and strengthening through seven core strategies were repeated. The revised numerical targets were not stated in this filing. - FY2019-Q2RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company repeated the AGP2020 plan period, three business domains and seven core strategies as the means of expanding and strengthening the business. No new numerical targets were disclosed. - FY2019-Q1RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company continued to present the AGP2020 plan period, three business domains and seven core strategies as the means of expanding and strengthening the business. No new numerical targets were disclosed. - FY2018RestatedAnnual report
「Based on these initiatives, we aim to improve profitability and achieve sustainable growth, targeting consolidated revenue of at least ¥500 billion, an operating margin of at least 7%, and ROE of at least 10% for the fiscal year ending December 2020.」
The revised AGP2020 targets for the fiscal year ending December 2020, namely revenue of at least ¥500 billion, an operating margin of at least 7%, and ROE of at least 10%, were repeated, with achievement to be pursued through the action plan. - FY2018-Q3RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company continued to present the AGP2020 plan period, three business domains and seven core strategies as the means of expanding and strengthening the business. No new numerical targets were disclosed. - FY2018-Q2RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company continued to describe business expansion and strengthening through the AGP2020 plan period, three business domains and seven core strategies. The numerical targets were not repeated. - FY2018-Q1RestatedAnnual report
「Against this backdrop, the Group revised the medium-term management plan ASICS Growth Plan (AGP) 2020 to lay the foundation for further growth, designating running shoes in the United States, China and digital as priority areas.」
The revised AGP2020 plan and its framework of prioritizing running shoes in the United States, China and digital continued to be described. The previous numerical targets were not repeated. - FY2017SoftenedAnnual report
「With the aim of achieving global growth, we established the medium-term plan ASICS Growth Plan (AGP) 2020 as a management objective in 2015 and have worked toward achieving revenue of at least ¥750 billion, an operating margin of at least 10%, and ROE of at least 15% by fiscal 2020. However, our response to the rapid changes in consumer preferences and sales channels was delayed, and revenue remained at approximately ¥400 billion through fiscal 2017. In light of this operating environment, we revised the plan on 14 February 2018 to lay the foundation for further growth by prioritizing the allocation of resources to growth areas and improving profitability. The revised targets were as follows: revenue of at least ¥500 billion, an operating margin of at least 7%, and ROE of at least 10%.」
The fiscal 2020 targets were lowered from revenue of at least ¥750 billion to at least ¥500 billion, from an operating margin of at least 10% to at least 7%, and from ROE of at least 15% to at least 10%. The reasons given for the revision were the delayed response to changes in consumer preferences and sales channels, and revenue of only approximately ¥400 billion in fiscal 2017. - FY2017-Q3RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company continued to describe the AGP2020 plan period from fiscal 2016 through fiscal 2020, the three business domains, and business expansion and strengthening through seven core strategies. The numerical targets were not repeated this time. - FY2017-Q2RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company continued to describe business expansion and strengthening through the AGP2020 plan period, three business domains and seven core strategies. The numerical targets of revenue of at least ¥750 billion, an operating margin of at least 10%, and ROE of at least 15% were not repeated this time. - FY2017-Q1RestatedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company continued to describe business expansion and strengthening through the AGP2020 plan period, three business domains and seven core strategies. The previous numerical targets for revenue, operating margin and ROE were not repeated this time. - FY2016SoftenedAnnual report
「Based on the medium-term management plan ASICS Growth Plan (AGP) 2020, covering fiscal 2016 through fiscal 2020, we are implementing seven core strategies shared across the Group in our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The plan period, three business domains, and policy of expanding and strengthening the business under AGP2020 remained unchanged, while the numerical targets previously stated, namely revenue of at least ¥750 billion, an operating margin of at least 10%, and ROE of at least 15%, were not repeated in this annual securities report. - FY2016-Q3RestatedAnnual report
「To achieve this, we are implementing six company-wide core strategies across our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain: “Shift to a DTC Mindset,” “Expand the Customer Base,” “Consistent Branding,” “Create Differentiated Innovation,” “Pursue Operational Excellence,” and “Individual and Team Growth,” together with category-specific strategies for areas including “Running,” “Training,” “Core Performance Sports,” and “Lifestyle,” while working to expand and strengthen our operations.」
As in the previous disclosure, the company described the AGP2020 targets for fiscal 2020, namely revenue of at least ¥750 billion, an operating margin of at least 10%, and ROE of at least 15%, together with the three business domains and six core strategies. - FY2016-Q2First statedAnnual report
「We announced the medium-term management plan through fiscal 2020, the ASICS Growth Plan (AGP) 2020, and are targeting revenue of at least ¥750 billion, an operating margin of at least 10%, and ROE of at least 15% in fiscal 2020, the plan's final year. To achieve this, we are implementing six company-wide core strategies across our three business domains: (1) the Athletic Sports business domain, (2) the Sports Lifestyle business domain, and (3) the Health and Comfort business domain, while working to expand and strengthen our operations.」
The company announced a new medium-term management plan and, for the first time, presented targets for revenue, operating margin and ROE through fiscal 2020, together with the means of achieving them through three business domains and six core strategies.