Risk of Missing Medium-Term Management Plan Targets
First written in FY2018. 3 of 7 entries say "Worsened", first in FY2020. Latest entry: FY2021.
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 11 of 19 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- FY2021MaterialisedAnnual report
「In the final fiscal year, the company swung to a ¥153.1 billion loss due to the impact of the COVID-19 pandemic and substantial one-off losses associated with the restructuring of low-profitability businesses, leaving challenges in its earnings capacity.」
The risk disclosed as a possibility that the targets of Medium-Term Management Plan 2020 would not be achieved materialized in the final fiscal year as a ¥153.1 billion loss and challenges in earnings capacity. - FY2021-Q3WorsenedAnnual report
「For one-off gains and losses, we have recognized ¥244.0 billion in losses through the third quarter, including impairment losses in the Madagascar nickel business and the fresh produce business in Europe and the Americas. As additional impairment losses and one-off losses, including restructuring costs, are expected in the fourth quarter, we have revised our full-year forecast downward by ¥50.0 billion from the ¥250.0 billion announced when we released our second-quarter results, to a ¥300.0 billion loss.」
The company has already recognized ¥244.0 billion in one-off losses in the Madagascar nickel business, the European and North American fresh produce businesses, and other operations, with additional impairment losses and structural reform costs also expected, further clarifying the risk of failing to achieve the targets of the medium-term management plan. - FY2021-Q2WorsenedAnnual report
「In addition to impairment losses and other items recognized through the second quarter in the Madagascar nickel business, there is concern that one-off losses may arise in multiple projects, including additional impairment losses on that project, from the third quarter onward depending on the future external environment and the medium- to long-term outlook. In addition, one-off losses may arise as the company promotes structural reforms, including the rationalization of unprofitable projects, to return to a growth trajectory at an early stage.」
The possibility of additional impairment losses and one-off losses associated with structural reforms in multiple projects was disclosed, making the risk of failing to achieve the fiscal 2020 targets more specific. - FY2020WorsenedAnnual report
「Since the second half of fiscal 2019, trade friction between the United States and China and weakness in the automotive-related industries have left challenges to achieving the growth initially envisaged, particularly in automotive-related businesses within the metals and transportation equipment and construction equipment business units.」
Under the Medium-Term Management Plan 2020, challenges emerged to the initially envisaged growth in automotive-related businesses, North American steel tubulars, resource-related businesses, and the Madagascar nickel business, while the COVID-19 pandemic increased uncertainty surrounding the targets and outlook. - FY2020-Q3RestatedAnnual report
「The following explanation of the company’s medium-term management plan concerns its outlook based on a variety of judgments, estimates, and assumptions. Unless otherwise stated, the forward-looking information in this document consists of forecasts and other projections based on the company’s judgments, targets, and certain premises or assumptions as of the date of submission of this quarterly report, and there is no guarantee that they will be realized as projected.」
The company continues to include a disclaimer that the targets and outlook under its medium-term management plan are not guaranteed to be achieved due to future changes in the business environment and other factors. - FY2019-Q3RestatedAnnual report
「Unless otherwise stated, the forward-looking information in this document consists of forecasts and other projections based on the company’s judgments, targets, and certain premises or assumptions as of the date of submission of this quarterly report, and there is no guarantee that they will be realized as projected.」
The company continues to include a disclaimer that the targets and outlook under its medium-term management plan are not guaranteed to be achieved due to future changes in the business environment and other factors. - FY2018First statedAnnual report
「The company may revise its targets or fail to achieve them due to changes in the business environment and various other factors.」
The company explicitly stated that the quantitative and qualitative targets under the Medium-Term Management Plan 2020 could be revised or may not be achieved due to insufficient information or changes in the business environment.