Business portfolio transformation and V-shaped recovery under SHIFT 2023
First written in FY2021. 5 of 12 entries say "Raised", first in FY2022-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Cited as achievedAnnual report
「In FY2025, as a result of steadily advancing growth centered on its strengths and business portfolio transformation, profit for the year reached a record high of ¥600.3 billion.」
Under Medium-Term Management Plan 2026, which continues the portfolio transformation following SHIFT 2023, progress in growth centered on strengths and business portfolio transformation was reflected in record-high profit. - FY2024AchievedAnnual report
「Under SHIFT 2023, covering the 3 years from FY2021 through FY2023, the company steadily implemented 3 shifts: a shift in the business portfolio, a shift in its operating mechanisms, and a shift in its management foundation, deploying all of its resources to strengthen its business portfolio.」
With the period covered by SHIFT 2023 now complete, the company reviewed the 3 shifts. It explained that profit exceeded the planned level, while positive free cash flow after shareholder returns and financial soundness were secured. - FY2024-Q3RestatedAnnual report
「No revision was made with the third-quarter results, as cumulative results for the first 9 months were broadly progressing as expected overall against the full-year forecast of ¥500 billion.」
Maintained the ¥500 billion full-year forecast for profit for the year attributable to owners of the parent. Cumulative profit for the first 9 months was ¥404.1 billion, which the company considered broadly in line with its overall expectations. - FY2024-Q2RaisedAnnual report
「Cumulative results for the first 6 months were progressing smoothly against the full-year forecast of ¥480 billion announced when the results for the fiscal year ending March 2023 were released on 9 May 2023. As the businesses that drove performance in the first half are also expected to perform smoothly in the second half, among other factors, the full-year forecast for profit for the year was revised upward by ¥20 billion to ¥500 billion.」
Raised the full-year forecast for profit for the year from ¥480 billion to ¥500 billion, an increase of ¥20 billion. The reasons were first-half progress and the expectation that the businesses that drove first-half performance would continue to perform smoothly in the second half. - FY2023AdvancedAnnual report
「Although uncertainty about the outlook for the global economy is increasing, the company expects the current business environment to continue broadly unchanged and forecasts FY2023 profit of ¥480 billion. The company is discussing its strategy for shifting its business portfolio through the optimal allocation of management resources, maintaining a quantitative view extending 3 years ahead at all times, rather than limiting this to the period covered by SHIFT 2023. It has presented its profit outlook through FY2025 as follows.」
Toward the final year of SHIFT 2023, the company presented a FY2023 profit forecast of ¥480 billion and said it would discuss the shift in its business portfolio with a view of profit levels through FY2025, including after the period covered by the plan. - FY2023-Q3RestatedAnnual report
「When the second-quarter results were released on 4 November 2022, the full-year forecast for profit for the year attributable to owners of the parent was revised from ¥370 billion to ¥550 billion, an increase of ¥180 billion. No revision was made with the third-quarter results, as cumulative results for the first 9 months were broadly progressing as expected overall against the full-year forecast of ¥550 billion.」
Maintained the ¥550 billion full-year forecast for profit for the year attributable to owners of the parent. - FY2023-Q2RaisedAnnual report
「As the global economy recovered and commodity prices surged, the company steadily converted revenue opportunities into profit, and both the resources and non-resources businesses performed steadily. Cumulative results for the first 6 months were therefore well ahead of the full-year forecast of ¥370 billion announced when the results for the fiscal year ended March 2022 were released on 10 May 2022. In light of this, the full-year forecast for profit for the year was revised from ¥370 billion to ¥550 billion, an increase of ¥180 billion.」
Raised the full-year forecast for profit for the year in SHIFT 2023 from ¥370 billion to ¥550 billion, an increase of ¥180 billion. - FY2022AdvancedAnnual report
「For FY2022 full-year consolidated results, the forecast is ¥370 billion. While the impact of the Russia-Ukraine situation and the fading impact of the surge in market prices in the previous fiscal year are expected to weigh on results, the major domestic operating companies in the real estate and media and digital business divisions are expected to continue performing steadily.」
In the first year of SHIFT 2023, profit for the year attributable to owners of the parent was ¥463.7 billion, and the FY2022 full-year profit forecast was set at ¥370 billion. - FY2022-Q3RaisedAnnual report
「Regarding the FY2021 earnings forecast, both the resources and non-resources businesses performed steadily, supported in part by the external environment. As a result, cumulative results for the first 9 months were well ahead of the full-year forecast of ¥380 billion announced when the second-quarter results were released on 4 November 2021. In addition, one-off gains from value realization are expected on multiple projects in the fourth quarter, so the forecast for profit for the year was revised from ¥380 billion to ¥460 billion, an increase of ¥80 billion.」
Raised the FY2021 profit forecast in SHIFT 2023 from ¥380 billion to ¥460 billion, an increase of ¥80 billion. One-off gains from value realization on multiple projects are expected. - FY2022-Q2RaisedAnnual report
「Regarding the FY2021 earnings forecast, cumulative results for the first 6 months were well ahead of the full-year forecast of ¥290 billion announced when the first-quarter results were released on 4 August 2021. This reflected resource prices remaining higher than expected in the resources business, and steady performance in the steel products and construction equipment-related businesses in the non-resources business. In light of this, the forecast for profit for the year was revised from ¥290 billion to ¥380 billion, an increase of ¥90 billion.」
Raised the FY2021 profit forecast in SHIFT 2023 from ¥290 billion to ¥380 billion, an increase of ¥90 billion. The reasons were higher resource prices and steady performance in the steel products and construction equipment-related businesses. - FY2022-Q1RaisedAnnual report
「Regarding the outlook for fiscal 2021, first-quarter results were progressing well against the full-year forecast of ¥230 billion announced when results for the fiscal year ended March 2021 were released on 7 May 2021, reflecting the steady capture of earnings opportunities accompanying the reopening of economic activity and favorable external conditions, including higher resource prices. Accordingly, the company revised its forecast for profit for the year upward by ¥60 billion from ¥230 billion to ¥290 billion.」
Raised the FY2021 profit forecast in SHIFT 2023 from ¥230 billion to ¥290 billion, an increase of ¥60 billion. The reasons were the capture of revenue opportunities from the reopening of economic activity and higher resource prices. - FY2021First statedAnnual report
「Under the new medium-term management plan SHIFT 2023, covering the 3 years from fiscal 2021 through fiscal 2023, the company will undertake thorough structural reforms to overcome weaknesses inherent in its business portfolio and achieve a V-shaped recovery in performance. In addition to initiatives undertaken since fiscal 2020, it will strengthen the Strategic Business Units (SBUs), the organizational units responsible for executing business strategies, and introduce a system for optimizing company-wide resource allocation to address the root causes of its challenges. Although changes in the business environment make the outlook for fiscal 2023 difficult to predict, the company aims to strengthen its portfolio's earnings power and resilience to environmental changes so that it can generate consolidated net profit of at least ¥300 billion in any environment and achieve a record high profit.」
As the successor to Medium-Term Management Plan 2020, the plan covering fiscal 2021 through fiscal 2023 set out a V-shaped recovery and a record-high profit through stronger SBUs, company-wide optimization of resource allocation, and structural reforms, as well as consolidated net profit of at least ¥300 billion in fiscal 2023. The plan called for profit of ¥230 billion in fiscal 2021 and ¥260 billion in fiscal 2022.