NEXT STAGE 12 Targets a 12% Operating Margin
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2025: 3 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「Under the medium-term management plan NEXT STAGE 12, for which the current consolidated fiscal year was the final year, all of the management targets—“12% operating margin,” “ROE of around 10%,” and “EPS of around ¥200”—were achieved.」
The company states that it achieved all of the targets in the final year of NEXT STAGE 12: a 12% operating margin, ROE of around 10%, and EPS of around ¥200. - FY2019-Q3AdvancedAnnual report
「For the 9-month period of the current fiscal year, operating income increased by ¥6,617 million, or 16.0%, year on year to ¥48,088 million, while ordinary income increased by ¥7,253 million, or 17.4%, to ¥48,863 million, with both recording double-digit growth.」
Operating income for the 9-month period increased 16.0% year on year. The operating margin on revenue of ¥333,899 million was approximately 14.4%, but this was not deemed to constitute achievement of the full-year 12% target under NEXT STAGE 12. - FY2018AdvancedAnnual report
「Under the medium-term management plan NEXT STAGE 12, the operating margin target for the final year, the fiscal year ending March 2019, is set at 12%. In the second year of the plan, the fiscal year ending March 2018, the operating margin was 11.3%, and the company forecasts an operating margin of 12.4% for the final year, the fiscal year ending March 2019.」
The operating margin reached 11.3% in the second year, and the forecast for the final year rose to 12.4%. The target itself remains 12%, and it is not described as having been achieved. - FY2017-Q3RestatedAnnual report
「The new medium-term management plan, NEXT STAGE 12, covering the 3 years beginning with the current consolidated fiscal year, incorporates sustainable cost reductions, including the reallocation of production processes, and the strengthening of the foundation for global business operations as part of its key strategies,」
The company has reaffirmed NEXT STAGE 12 as the medium-term management plan for the 3-year target period. The 12% operating margin target is not restated in this filing. - FY2017-Q2RestatedAnnual report
「The new medium-term management plan, NEXT STAGE 12, covering the 3 years beginning with the current consolidated fiscal year, incorporates sustainable cost reductions, including the reallocation of production processes, and the strengthening of the foundation for global business operations as part of its key strategies,」
The company has reaffirmed NEXT STAGE 12 as the medium-term management plan for the 3-year target period. The 12% operating margin target is not restated in this filing. - FY2017-Q1RestatedAnnual report
「The new medium-term management plan, NEXT STAGE 12, covering the 3 years beginning with the current consolidated fiscal year, incorporates sustainable cost reductions, including the reallocation of production processes, and the strengthening of the foundation for global business operations as part of its key strategies,」
The company has reaffirmed NEXT STAGE 12 as the medium-term management plan for the 3-year target period. The 12% operating margin target itself is not restated in this quarterly report. - FY2016First statedAnnual report
「Having designated the coming 3 years as a period for “strengthening brand strength and, as a result, improving profit margins,” we will pursue (1) further improvement in the profitability of the musical instruments business, (2) growth in the audio equipment business, and (3) establishment of the foundation for the components and devices business as a third core business. Even as the yen’s appreciation increases uncertainty in the economic environment, we aim to steadily improve profitability and have set a 12% operating margin in the final year as a management target.」
The target period was the 3 years from April 2016, with the final year being the fiscal year ending March 2019.