Make Waves 1.0 targets an operating profit margin of 13.8%, ROE of 11.5%, and EPS of ¥270
First written in FY2019. 6 of 12 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2022.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2022Financial targets missedAnnual report
「The management targets for the fiscal year ending March 2022 under the medium-term management plan Make Waves 1.0, namely a business profit margin of 13.8%, ROE of 11.5% and EPS of ¥270, were 10.5%, 9.2% and ¥214.79, respectively, for the fiscal year under review, partly due to the spread of COVID-19.」
Actual results for the final year of Make Waves 1.0 were a business profit margin of 10.5%, ROE of 9.2% and EPS of ¥214.79, all below the target levels. - FY2022-Q3AdvancedAnnual report
「For the nine months ended December 2020, business profit increased by ¥5.834 billion, or 20.1%, year on year to ¥34.860 billion, driven by an increase in revenue.」
Business profit for the nine-month period was ¥34.860 billion, resulting in a business profit margin of approximately 11.5% on revenue of ¥302.331 billion. This improved toward the 13.8% business profit margin target under Make Waves 1.0, but the target was not achieved. - FY2022-Q2AdvancedAnnual report
「For the six months ended September 2020, business profit increased by ¥10.474 billion, or 80.4%, year on year to ¥23.504 billion, while profit for the period attributable to owners of the parent increased by ¥14.350 billion, or 202.6%, to ¥21.434 billion.」
Business profit for the six-month period was ¥23.504 billion, resulting in a business profit margin of approximately 11.8% on revenue of ¥198.498 billion. Although this fell short of the 13.8% business profit margin target under Make Waves 1.0, it improved from the same period of the previous year. - FY2022-Q1AdvancedAnnual report
「For the three months ended June 2020, business profit increased by ¥1.244 billion year on year to ¥1.382 billion, driven by a substantial increase in revenue, compared with business profit of ¥113.7 million in the same period of the previous year.」
Business profit for the first quarter was ¥1.382 billion, resulting in a business profit margin of approximately 13.1% on revenue of ¥102.465 billion. This represents progress toward the 13.8% target under Make Waves 1.0, but it is a quarterly result and does not constitute achievement of the full-year target. - FY2021SoftenedAnnual report
「The management targets for the fiscal year ending March 2022 under the medium-term management plan Make Waves 1.0, namely a business profit margin of 13.8%, ROE of 11.5% and EPS of ¥270, were 10.9%, 7.4% and ¥151.39, respectively, for the fiscal year under review, partly due to the spread of COVID-19.」
For the fiscal year ended March 2021, the business profit margin was 10.9%, ROE was 7.4% and EPS was ¥151.39, below the target levels. The earnings forecasts for the fiscal year ending March 2022 were also disclosed at reduced levels of an 11.8% business profit margin, 10.0% ROE and EPS of ¥233. - FY2021-Q3Decline in the business operating profit margin for the nine monthsAnnual report
「For the nine months ended December 2020, business profit decreased by ¥13.369 billion, or 31.5%, year on year to ¥29.026 billion, including a ¥1.4 billion negative foreign exchange impact.」
The business profit margin for the nine-month period was approximately 10.7%, down from approximately 13.1% in the same period of the previous year. The filing states that the business profit margin for the third quarter alone exceeded that of the same period of the previous year. It does not state that the existing 13.8% target was achieved. - FY2021-Q2AdvancedAnnual report
「Business operating profit for the six months was ¥13.029 billion, down ¥13.113 billion, or 50.2%, from the same period of the previous year, including a ¥1.4 billion negative impact from foreign exchange. Profit for the quarter attributable to owners of the parent was ¥7.084 billion, down ¥14.035 billion, or 66.5%, reflecting the decline in business operating profit and, mainly, a ¥2.4 billion loss from the suspension of operations due to the spread of COVID-19 recorded in the first quarter of the consolidated fiscal year.」
The business operating profit margin for the six months was approximately 7.9%, recovering from approximately 1.6% in the first quarter. It remained below the Make Waves 1.0 target of a 13.8% business operating profit margin. - FY2021-Q1Sharp decline in the business operating profit margin due to COVID-19Annual report
「Business profit fell sharply across all businesses due to lower revenue, decreasing overall by ¥9.654 billion, or 89.5%, year on year to ¥1.137 billion, including a ¥700 million negative foreign-exchange impact.」
Business operating profit for the first quarter was ¥1.137 billion, down 89.5% from the same period of the previous year, resulting in a business operating profit margin of approximately 1.6% against revenue of ¥71.787 billion. The financial targets of Make Waves 1.0 were not considered achieved. - FY2020AdvancedAnnual report
「For the consolidated fiscal year, the figures were 11.2%, 10.1% and ¥194.71, respectively.」
Against the fiscal year ending March 2022 targets of a business operating profit margin of 13.8%, ROE of 11.5% and EPS of ¥270, the company disclosed first-year results of 11.2%, 10.1% and ¥194.71, respectively. The targets were not considered achieved. - FY2020-Q3AdvancedAnnual report
「Business operating profit for the nine months ended 31 December was ¥42.396 billion, down ¥2.461 billion, or 5.5%, from the same period of the previous year, due to deterioration in the parts and equipment business and a ¥5.2 billion negative impact from foreign exchange. Profit for the quarter attributable to owners of the parent was ¥32.718 billion, down ¥937 million, or 2.8%.」
Business operating profit for the nine months was ¥42.396 billion, resulting in a business operating profit margin of approximately 13.1% against revenue of ¥322.615 billion. Progress against the fiscal year ending March 2020 target of 13.8% was disclosed, but the target was not considered achieved. - FY2020-Q2First-half business operating profit results disclosedAnnual report
「Revenue for the six months ended 30 September was ¥208.524 billion, down ¥4.754 billion, or 2.2%, from the same period of the previous year. This was despite strong performance in the core musical instruments business, as market weakness in the parts and equipment business and foreign exchange effects reduced revenue by ¥6.7 billion. Business operating profit for the six months was ¥26.143 billion, down ¥562 million, or 2.1%, from the same period of the previous year, due to deterioration in the parts and equipment business and a ¥3.1 billion negative impact from foreign exchange.」
The business operating profit margin for the six months was approximately 12.5%, based on revenue of ¥208.524 billion and business operating profit of ¥26.143 billion. This disclosed the first-half results against the fiscal year ending March 2020 target of 13.8%, but did not constitute achievement of the target. - FY2019First statedAnnual report
「4. Management targets (fiscal year ending March 2020) Financial targets (IFRS) (Policy) Achieve both stronger earnings power and a stronger foundation for growth Business operating profit margin: 13.8% ROE: 11.5% EPS: ¥270」
Financial targets for Make Waves 1.0, with the fiscal year ending March 2020 as the deadline. Assumed exchange rates: USD ¥110 and EUR ¥125.