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Nagase & (8012) · TargetACE-2020 completed; some quantitative targets not achieved

ACE-2020 Quantitative Targets

First written in FY2016. 10 of 14 entries say "Restated". Latest entry: FY2021.

14entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q3RestatedFY2019-Q1 – FY2019-Q2RestatedFY2020-Q3 – FY20212016: 320162017: 420172018: 420182019: 120192020: 120202021: 12021
Same theme, other companies
Establishing a High-Profit Business Model Centered on Revenue, Operating Profit, and ROEA theme 88 companies write about · 2 as a headwind · 88 as a tailwind

The whole theme swung hardest in 2025: 9 of 54 companies on the "Worse" side.

5 other companies' latest entry also says "Other".

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 88 companies compared. The sentences above are computed from all 88.
Full recordFilings, disclosures and news, newest first
  1. FY2021ACE-2020 completed; some quantitative targets not achievedAnnual report

    「ROE in the final year of ACE-2020 was 5.9%, broadly achieving the target. The absolute figures for net sales and profit fell short of their targets.」

    ROE in the final year was 5.9%, close to the target of 6.0% or higher, while the targets of net sales of ¥1 trillion or more and operating profit of ¥30 billion or more were explicitly not achieved.
  2. FY2020-Q3RestatedAnnual report

    「During the nine-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 quantitative targets and other aspects of ACE-2020.
  3. FY2019AdvancedAnnual report

    「The quantitative targets for ACE-2020 are as follows: Target; FY2018; FY2017; FY2016; consolidated net sales, ¥1 trillion or more, ¥807.7 billion, ¥783.9 billion, ¥722.3 billion; consolidated operating profit, ¥30 billion or more, ¥25.2 billion, ¥24.1 billion, ¥15.0 billion; ROE, 6.0% or higher, 6.6%, 5.8%, 3.7%.」

    FY2018 results were net sales of ¥807.7 billion, operating profit of ¥25.2 billion and ROE of 6.6%. Net sales and operating profit fell short of their targets, while ROE exceeded the target of 6.0% or higher.
  4. FY2019-Q2RestatedAnnual report

    「To achieve the basic policy described above, the company has adopted its “Long-Term Management Policy” toward fiscal 2032, when it will reach the 200th anniversary of its founding, and its five-year medium-term management plan “ACE-2020,” which began in April 2016, and is pursuing enhanced corporate value.」

    The five-year ACE-2020 plan has been reaffirmed, but the quantitative targets for net sales, operating profit and ROE are not restated in this report.
  5. FY2019-Q1RestatedAnnual report

    「To achieve the basic policy described above, the company has adopted its “Long-Term Management Policy” toward fiscal 2032, when it will reach the 200th anniversary of its founding, and its five-year medium-term management plan “ACE-2020,” which began in April 2016, and is pursuing enhanced corporate value.」

    The five-year ACE-2020 plan has been reaffirmed, but the quantitative targets for net sales, operating profit and ROE are not restated in this quarterly report.
  6. FY2018AdvancedAnnual report

    「The quantitative targets for ACE-2020 are as follows: Target; FY2017; FY2016; consolidated net sales, ¥1 trillion or more, ¥783.9 billion, ¥722.3 billion; consolidated operating profit, ¥30 billion or more, ¥24.1 billion, ¥15.0 billion; ROE, 6.0% or higher, 5.8%, 3.7%.」

    FY2017 results were net sales of ¥783.9 billion, operating profit of ¥24.1 billion and ROE of 5.8%. All improved from the previous year's results and moved closer to the ACE-2020 quantitative targets, but the targets were not achieved.
  7. FY2018-Q3RestatedAnnual report

    「The five-year medium-term management plan ACE-2020, launched in April 2016」

    The five-year ACE-2020 plan has been reaffirmed, but the quantitative targets for net sales, operating profit and ROE are not restated in this report.
  8. FY2018-Q2RestatedAnnual report

    「The five-year medium-term management plan ACE-2020, launched in April 2016」

    The five-year ACE-2020 plan has been reaffirmed, but the quantitative targets for net sales, operating profit and ROE are not restated in this report.
  9. FY2018-Q1RestatedAnnual report

    「To achieve the basic policy described above, the company has adopted its “Long-Term Management Policy” toward fiscal 2032, when it will reach the 200th anniversary of its founding (the fiscal year ending March 2032 under the Heisei 45 designation), and its five-year medium-term management plan “ACE-2020,” which began in April 2016, and is pursuing enhanced corporate value.」

    The five-year ACE-2020 plan launched in April 2016 has been reaffirmed, but the quantitative targets for net sales, operating profit and ROE are not restated in this quarterly report.
  10. FY2017RestatedAnnual report

    「The quantitative targets for ACE-2020 are as follows: Target; consolidated net sales, ¥1 trillion or more; consolidated operating profit, ¥30 billion or more; ROE, 6.0% or higher.」

    The quantitative targets for ACE-2020 have been restated: net sales of ¥1 trillion or more, operating profit of ¥30 billion or more and ROE of 6.0% or higher.
  11. FY2017-Q3RestatedAnnual report

    「We have adopted ACE-2020, a five-year medium-term management plan launched in April 2016, and are working to enhance corporate value.」

    The five-year plan period for ACE-2020 has been reaffirmed, but the table of quantitative targets has not been restated.
  12. FY2017-Q2RestatedAnnual report

    「We have adopted ACE-2020, a five-year medium-term management plan launched in April 2016, and are working to enhance corporate value.」

    The five-year plan period for ACE-2020 has been reaffirmed, but the quantitative targets themselves have not been restated.
  13. FY2017-Q1RestatedAnnual report

    「We have adopted ACE-2020, a five-year medium-term management plan launched in April 2016, and are working to enhance corporate value.」

    The five-year plan period for ACE-2020 has been reaffirmed, but the table of quantitative targets for net sales, operating profit and ROE is not restated in this quarterly report.
  14. FY2016First statedAnnual report

    「The quantitative targets for ACE-2020 are as follows: Target; FY2015 results; consolidated net sales, ¥1 trillion, ¥742.1 billion; consolidated operating profit, ¥30 billion, ¥18 billion; ROE, 6.0% or higher, 4.4%.」

    For the plan period from FY2016 to FY2020, the company set targets of ¥1 trillion in net sales, ¥30 billion in operating profit and ROE of 6.0% or higher.
Moved together

"Transforming the Corporate Culture and Embedding the Mindset" moved the same way as this thread, in the same document, in 2 of its 14 moves.

222222★123456
  1. ★This thread
  2. 1Transforming the Corporate Culture and Embedding the Mindset2×
  3. 2Talent Development and Use of Specialists and External Talent2×
  4. 3Strengthening governance with an emphasis on speedy decision-making and transparency2×
  5. 4Expanding Overseas Sales and Strengthening the Manufacturing Business’s Earnings Base2×
  6. 5Balancing ¥100 billion in growth investment with financial strength and stable dividends2×
  7. 6Portfolio Optimization Across 4 Areas and Investment in Priority Areas2×

★ 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.

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