Komori
Kawai Musical Instruments Manufacturing (7952) · TargetRaisedLatest Management plan (2026-05-14): "Softened"

Operating margin of 5% or higher

First written in FY2017-Q1. 20 of 26 entries say "Restated". Latest entry: 2026-05-14.

26entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018-Q3RestatedFY2020-Q2 – FY2024-Q32016: 220162017: 320172018: 420182019: 320192020: 420202021: 120212022: 320222023: 320232024: 120242025: 120252026: 1
Same theme, other companies
Targets for Higher Operating Profit and Operating MarginA theme 300 companies write about · 8 as a headwind · 308 as a tailwind
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 188 companies compared. The sentences above are computed from all 188.Comparing 200 of the theme's 316 threads.
Full recordFilings, disclosures and news, newest first
  1. 2026-05-14SoftenedManagement plan

    「直近の2期は大きく下回っている。」

    ROEについて、株主資本コスト約7%を直近2期で大きく下回った現状が示された。
  2. FY2025RaisedAnnual report

    「(Year 3) Fiscal year ending March 2028 (Year 6) Fiscal year ending March 2031 (Year 10) Fiscal year ending March 2035 Operating margin 5.6% 7.3% 11.5%」

    The previous target of an operating margin of 5% or more was raised to phased targets of 5.6% for the fiscal year ending March 2028, 7.3% for the fiscal year ending March 2031 and 11.5% for the fiscal year ending March 2035.
  3. FY2024-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter under review to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including the operating margin.
  4. FY2024-Q2RestatedAnnual report

    「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including the operating margin.
  5. FY2024-Q1RestatedAnnual report

    「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including the operating margin.
  6. FY2023-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter under review to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including the operating margin.
  7. FY2023-Q2RestatedAnnual report

    「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including an operating margin of 5% or more.
  8. FY2023-Q1RestatedAnnual report

    「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including an operating margin of 5% or more.
  9. FY2022-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter under review to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including an operating margin of 5% or more.
  10. FY2022-Q1RestatedAnnual report

    「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」

    The Company reconfirmed that there have been no material changes to the objective management indicators, including the operating margin.
  11. FY2021-Q2RestatedAnnual report

    「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」

    The Company reconfirmed that there have been no material changes to the objective indicators used to assess progress toward its management targets.
  12. FY2021-Q1RestatedAnnual report

    「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」

    The Company states that there have been no material changes to the objective management indicators, including an operating margin of 5% or more.
  13. FY2020Disclosure of first-year plan resultsAnnual report

    「Operating margin 4.2% 4.2% 0.0 percentage points decrease」

    The Company disclosed that, in the first year of the Sixth Medium-Term Management Plan, the operating margin was 4.2%, compared with the planned 4.2%.
  14. FY2020-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter under review to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」

    The Company states that there have been no material changes to the objective management indicators, including an operating margin of 5% or more.
  15. FY2020-Q2RestatedAnnual report

    「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」

    The Company states that there have been no material changes to the objective indicators used to assess progress toward its management targets.
  16. FY2019RaisedAnnual report

    「The Group had set the achievement of an operating margin of 5% or more in the final year of its medium-term management plan, Resonate2018 (the fiscal year ending March 2019), and an ROE (return on equity) of 8% or more as its target management indicators; however, the operating margin for the current consolidated fiscal year was 5.1% (an improvement of 1.2 percentage points year on year).」

    Having achieved an operating margin of 5% or more under Resonate2018 with a result of 5.1%, the Company set a target operating margin of 5.5% for the fiscal year ending March 2022 under its Sixth Medium-Term Management Plan, raising its next target level.
  17. FY2019-Q3RestatedAnnual report

    「The Company has been implementing its 3-year medium-term management plan, Resonate2018, covering the period through March 2019, since 1 April 2016. Under the vision of “Resonate2018—Toward the 100th Anniversary—To Be a Top Brand,” the plan states: “We will expand the KAWAI fan base by pursuing trust and innovation and providing moving experiences. We will also continue working to further promote music culture, aiming to remain a piano top brand of choice for the next 100 years.” Based on the basic policy of enhancing corporate value as a 100-year brand and achieving long-term, stable growth, the Company is pursuing its key strategies and developing the foundation needed to implement them in order to achieve its target operating margin of 5% or more.」

    In the final year of Resonate2018, the Company continues to pursue its target operating margin of 5% or more, its key strategies and the development of the necessary foundation.
  18. FY2019-Q2RestatedAnnual report

    「The Company is pursuing its key strategies and developing the foundation needed to implement them in order to achieve its target operating margin of 5% or more.」

    In the final year of Resonate2018, the Company continues to pursue its target operating margin of 5% or more and its key strategies and develop the necessary foundation.
  19. FY2019-Q1RestatedAnnual report

    「The Company has been implementing its 3-year medium-term management plan, Resonate2018, covering the period through March 2019, since 1 April 2016. [Excerpt] The Company is pursuing its key strategies and developing the foundation needed to implement them in order to achieve its target operating margin of 5% or more.」

    As the final year of Resonate2018, which targets an operating margin of 5% or more, the Company continues to pursue its key strategies and develop the necessary foundation.
  20. FY2018AdvancedAnnual report

    「The Group has set the achievement of an operating margin of 5% or more in the final year of its medium-term management plan (the fiscal year ending March 2019) and an ROE (return on equity) of 8% or more as its target management indicators; however, the operating margin for the current consolidated fiscal year was 3.9% (an improvement of 0.4 percentage points year on year).」

    The Company continued to pursue its target of an operating margin of 5% or more in the final year, while the operating margin improved by 0.4 percentage points year on year to 3.9%.
  21. FY2018-Q3RestatedAnnual report

    「The Company has been implementing its 3-year medium-term management plan, Resonate2018, covering the period through March 2019, since 1 April 2016. Under the vision of “Resonate2018—Toward the 100th Anniversary—To Be a Top Brand,” the plan states: “We will expand the KAWAI fan base by pursuing trust and innovation and providing moving experiences. We will also continue working to further promote music culture, aiming to remain a piano top brand of choice for the next 100 years.” Based on the basic policy of enhancing corporate value as a 100-year brand and achieving long-term, stable growth, the Company is pursuing its key strategies and developing the foundation needed to implement them in order to improve earnings power and achieve its target operating margin of 5% or more.」

    The Company continues to pursue its target of an operating margin of 5% or more through March 2019 and its policy of improving earnings power through its key strategies and the development of the necessary foundation.
  22. FY2018-Q2RestatedAnnual report

    「The Company has been implementing its new medium-term management plan, “Resonate2018,” covering the 3 years through March 2019, since 1 April 2016. Under the vision “Resonate2018 — Toward the 100th Anniversary — To Be a Leading Brand,” the plan states: “We will expand the KAWAI fan base by pursuing trust and innovation and providing moving experiences. We will also continue working to further promote music culture and aim to become a leading piano brand that continues to be chosen for the next 100 years.” With enhancing corporate value as a 100-year brand and achieving long-term, stable growth as its basic policies, the Company is working to implement key strategies and build the foundations needed to improve profitability and achieve its target operating margin of 5% or higher.」

    The Company continues to pursue its target of an operating margin of 5% or more through March 2019 and its policy of improving earnings power through its key strategies and the development of the necessary foundation.
  23. FY2018-Q1RestatedAnnual report

    「The Company has been implementing its new medium-term management plan, “Resonate2018,” covering the 3 years through March 2019, since 1 April 2016. Omitted. To achieve the target operating margin of 5% or higher, the Company is working to improve profitability by implementing key strategies and building the foundations needed to advance them.」

    The Company continues to pursue its target of an operating margin of 5% or more through March 2019, along with its policy of improving earnings power through its key strategies and the development of the necessary foundation.
  24. FY2017-Q3RestatedAnnual report

    「The Company has been implementing its new medium-term management plan, “Resonate2018,” covering the 3 years through March 2019, since 1 April 2016. Under the vision “Resonate2018 — Toward the 100th Anniversary — To Be a Leading Brand,” the plan states: “We will expand the KAWAI fan base by pursuing trust and innovation and providing moving experiences. We will also continue working to further promote music culture and aim to become a leading piano brand that continues to be chosen for the next 100 years.” With enhancing corporate value as a 100-year brand and achieving long-term, stable growth as its basic policies, the Company is working to implement key strategies and build the foundations needed to improve profitability and achieve its target operating margin of 5% or higher.」

    The Company continues to pursue the target of an operating margin of 5% or higher through March 2019 and its policy of achieving it through key strategies and foundation-building initiatives.
  25. FY2017-Q2RestatedAnnual report

    「The Company has been implementing its new medium-term management plan, “Resonate2018,” covering the 3 years through March 2019, since 1 April 2016. Omitted. To achieve the target operating margin of 5% or higher, the Company is working to improve profitability by implementing key strategies and building the foundations needed to advance them.」

    The Company continues to pursue the target of an operating margin of 5% or higher through March 2019 and initiatives to improve profitability toward achieving it.
  26. FY2017-Q1First statedAnnual report

    「The Company has been implementing its new medium-term management plan, “Resonate2018,” covering the 3 years through March 2019, since 1 April 2016. Omitted. To achieve the target operating margin of 5% or higher, the Company is working to improve profitability by implementing key strategies and building the foundations needed to advance them.」

    The Company explicitly set an operating margin of 5% or higher as a target metric under the 3-year plan through March 2019.
Moved together

"Overseas Regional Strategy and Sales Network Strengthening" moved the same way as this thread, in the same document, in 3 of its 26 moves.

333222★123456
  1. ★This thread
  2. 1Overseas Regional Strategy and Sales Network Strengthening3×
  3. 2Improving quality and manufacturing with the future in mind3×
  4. 3Expanding and developing the materials processing business3×
  5. 4Decline in orders for semiconductor-related components2×
  6. 5Domestic High-Value-Added Strategy Centered on Shigeru Kawai2×
  7. 6Impact of Yen Appreciation and Foreign-Exchange Losses on Results2×

★ 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
Kawai Musical Instruments Manufacturing's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Management plan of 2026-05-14: "Softened".
News
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Operating margin of 5% or higher | Kawai Musical Instruments Manufacturing Co.,Ltd. (7952) | Komori