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Takara Standard (7981) · TargetPlan completed; some targets missed

Strengthening earning power, distinctiveness and business scope through the Medium-Term Management Plan 2023

First written in FY2022-Q1. 7 of 12 entries say "Restated". Latest entry: FY2024.

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ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY2022-Q3RestatedFY2023-Q2 – FY20242021: 220212022: 420222023: 420232024: 22024
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Full recordFilings, disclosures and news, newest first
  1. FY2024Plan completed; some targets missedAnnual report

    「However, although revenue and operating profit achieved their targets, the operating margin did not, owing to major changes in the external environment resulting from the global spread of COVID-19 and increased manufacturing and logistics cost burdens caused by prolonged instability in the international situation and soaring material and energy prices.」

    The company concluded that, under Medium-Term Management Plan 2023, revenue and operating profit achieved their targets, while the operating margin did not.
  2. FY2024-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no significant changes to its management policies and strategies, including Medium-Term Management Plan 2023.
  3. FY2024-Q2RestatedAnnual report

    「There were no material changes during the cumulative second quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no material changes to its management policies or management strategies, including Medium-Term Management Plan 2023.
  4. FY2024-Q1RestatedAnnual report

    「There were no material changes during the cumulative first quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no material changes to its management policies or management strategies, including Medium-Term Management Plan 2023.
  5. FY2023Disclosure of Target PerformanceAnnual report

    「To achieve our long-term vision, the Group formulated Medium-Term Management Plan 2023, which ends in fiscal 2023, and will pursue the following basic strategies.」

    In the final year of Medium-Term Management Plan 2023, revenue was ¥227,423 million, exceeding the target level of ¥200 billion, while the operating margin was 4.8%, below the target level of 7%.
  6. FY2023-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no material changes to its management policies or management strategies, including Medium-Term Management Plan 2023.
  7. FY2023-Q2RestatedAnnual report

    「There were no material changes during the cumulative second quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no material changes to its management policies or management strategies, including Medium-Term Management Plan 2023.
  8. FY2023-Q1AdvancedAnnual report

    「In Medium-Term Management Plan 2023, announced on 29 June 2021, we positioned improving capital efficiency through the use of ROIC and other measures and further enhancing shareholder returns as important management priorities. As part of these efforts, we will acquire and cancel treasury shares after comprehensively considering our financial position and trends in the stock market.」

    The company has decided on specific measures, namely the acquisition and cancellation of treasury shares, to improve capital efficiency and enhance shareholder returns as set out in Medium-Term Management Plan 2023.
  9. FY2022AdvancedAnnual report

    「Under Medium-Term Management Plan 2023, we aim to restore revenue to approximately ¥200 billion, the level recorded in fiscal 2019, and raise the operating margin to approximately 7% by strengthening profitability. We will strengthen our earnings power by implementing structural reforms to the earnings structure of our domestic water-related business, while actively pursuing the creation of new businesses and advances in research and development and production technology to enhance our differentiation.」

    For Medium-Term Management Plan 2023, which ends in fiscal 2023, the company explicitly set numerical targets of approximately ¥200 billion in revenue and a 7% operating margin, along with specific basic strategies covering structural reforms to the earnings structure, new businesses, research and development, and production technology.
  10. FY2022-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no significant changes to its management policies and strategies, including the basic strategies of Medium-Term Management Plan 2023.
  11. FY2022-Q2RestatedAnnual report

    「There were no material changes during the cumulative second quarter to the Group's management policies, management strategies or other related matters.」

    The company states that there have been no significant changes to its management policies and strategies, including the basic strategies of Medium-Term Management Plan 2023.
  12. FY2022-Q1First statedAnnual report

    「The Group has formulated Medium-Term Management Plan 2023, a three-year plan ending in fiscal 2023 to lay the foundations for sustainable growth. Its basic strategies include strengthening the domestic water-related business, research and development and production engineering capabilities, and overseas operations. We will promote expansion into new business areas by strengthening our earnings capacity and pursuing differentiation.」

    The company newly formulated a 3-year plan ending in fiscal 2023. With domestic water-related operations, research and development and production technology, and overseas operations as its basic strategies, it aims to expand its business areas through earnings power and differentiation.
Moved together

"Focus on the Renovation Market, Particularly Multi-Family Housing" moved the same way as this thread, in the same document, in 2 of its 12 moves.

222222★123456
  1. ★This thread
  2. 1Focus on the Renovation Market, Particularly Multi-Family Housing2×
  3. 2Product Development Pursuing New Possibilities for Enamel2×
  4. 3Enhanced Specifications and Improved Functionality and Design for Mid- to High-End Products2×
  5. 4Profitability Improvement through Reductions in Manufacturing Costs and Selling Expenses2×
  6. 5Expanding Sales of Enamel Interior Materials in Residential and Non-Residential Sectors2×
  7. 6Expansion of production capacity, process rationalization, and investment in sales, logistics and information infrastructure2×

★ 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
Takara Standard's next results are scheduled for 2026-10-29. Read the earnings preview
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Strengthening earning power, distinctiveness and business scope through the Medium-Term Management Plan 2023 | TAKARA STANDARD CO.,LTD. (7981) | Komori