Review of BBBO2017 Quantitative Targets
First written in FY2016. 5 of 15 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Softened".
- FY2020SoftenedAnnual report
「Regarding the fiscal 2020 earnings outlook, it is difficult to reasonably forecast the extent of the impact from the spread of COVID-19, and the company is not yet in a position to disclose an outlook for consolidated net income.」
The company deferred disclosure of its fiscal 2020 consolidated net income outlook, citing the inability to reasonably forecast the impact of COVID-19. - FY2020-Q3RestatedAnnual report
「The full-year fiscal 2019 profit-for-the-year outlook of ¥300.0 billion, announced in November 2019, has not been revised because overall performance has remained broadly solid. Based on this earnings outlook, ROE is expected to remain at 10% or higher, while ROA is expected to be below 4%.」
The full-year fiscal 2019 profit-for-the-year outlook of ¥300.0 billion was maintained. ROE is expected to remain at 10% or higher, while ROA is expected to be below 4%. - FY2020-Q2SoftenedAnnual report
「For fiscal 2019, in addition to the expected impact of lower resource prices, including coal prices, on the resources business, the delayed recovery in demand in the North American steel pipe business and weak performance in the automotive-related business led to the profit-for-the-year outlook being revised down by ¥40.0 billion from the initial forecast of ¥340.0 billion to ¥300.0 billion. Based on the revised earnings outlook, ROE is expected to remain at 10% or higher, while ROA is expected to be below 4%.」
The fiscal 2019 profit-for-the-year outlook was revised downward from ¥340.0 billion to ¥300.0 billion, and ROA was expected to be below 4%. - FY2020-Q1RestatedAnnual report
「The fiscal 2019 profit-for-the-year outlook is ¥340.0 billion.」
The fiscal 2019 profit-for-the-year outlook of ¥340.0 billion continues to be maintained. While lower profit is expected in the resources business due to declines in resource prices, the benefits of restructuring in the non-resources businesses and solid performance in existing businesses are expected. - FY2019-Q3AdvancedAnnual report
「The fiscal 2018 earnings outlook has not been revised from the initial forecast, as actual results for the first 3 quarters reached 76% of the initial forecast of ¥320.0 billion and performance is expected to remain solid in the fourth quarter.」
The initial fiscal 2018 profit-for-the-year forecast of ¥320.0 billion was maintained, with progress reaching 76% after the first 3 quarters. - FY2019-Q2RestatedAnnual report
「The fiscal 2018 earnings outlook has not been revised from the consolidated earnings forecast announced when the results for the fiscal year ended March 2018 were released on 8 May 2018, which projected profit for the year of ¥320.0 billion and underlying earnings of ¥340.0 billion.」
Although cumulative second-quarter earnings were solid, the initial forecasts of ¥320.0 billion for profit for the year and ¥340.0 billion for underlying earnings were maintained in consideration of declines in some resource prices and uncertainty over the outlook due to US-China trade tensions. - FY2018AchievedAnnual report
「Consolidated net income for fiscal 2017 was ¥308.5 billion, a record high. ROA, risk-return and ROE for the fiscal year were 4.0%, 13.4% and 12.5%, respectively, achieving the initial targets.」
Actual results exceeded all of the revised BBBO2017 targets: consolidated net income of at least ¥220.0 billion, ROA of at least 2.5%, risk-return of at least 9.0%, and ROE of approximately 9.0%. - FY2018-Q3RaisedAnnual report
「In light of the expectation that this trend will continue overall in the fourth quarter, as well as approximately ¥17.0 billion in one-off gains in the third quarter from US tax reform that had not been included in the full-year outlook announced last November, the profit-for-the-year outlook was revised upward by ¥20.0 billion from ¥280.0 billion to ¥300.0 billion.」
The fiscal 2017 profit-for-the-year outlook was raised from ¥280.0 billion to ¥300.0 billion. The quantitative plan shows consolidated net income of ¥300.0 billion, ROA of approximately 3.5%, risk-return of approximately 12.0%, ROE of approximately 11.0%, cumulative free cash flow over 3 years of ¥700.0 billion, and an investment plan of ¥1,000.0 billion. - FY2018-Q2RaisedAnnual report
「For fiscal 2017, because resource price increases are expected to benefit the resources business and demand is expected to increase as market conditions recover in the steel pipe business, while the major businesses and operating companies in the non-resources businesses are expected to perform solidly, the outlook for profit for the year was raised by ¥50.0 billion from the initial forecast to ¥280.0 billion. The approximately ¥20.0 billion in costs to improve the company's earnings structure included in the initial forecast was maintained.」
The fiscal 2017 profit-for-the-year outlook was raised from the initial forecast of ¥230.0 billion to ¥280.0 billion. The quantitative plan was revised to approximately 3.5% for ROA, approximately 12.0% for risk-return, approximately 11.0% for ROE, and ¥700.0 billion in cumulative free cash flow over 3 years, while the investment plan was set at ¥1,000.0 billion. - FY2018-Q1RestatedAnnual report
「In addition to these factors, we incorporated ¥20.0 billion in costs to steadily implement the asset portfolio rebalancing and improve the company's earnings structure, and set the fiscal 2017 consolidated net income outlook at ¥230.0 billion.」
The outlook for fiscal 2017 consolidated net income of ¥230.0 billion under the revised plan announced in May 2017, the ¥20.0 billion in costs associated with the asset portfolio rebalancing, and the revised quantitative targets continue to be presented. - FY2017AdvancedAnnual report
「For fiscal 2016, consolidated net income was ¥170.9 billion against the plan of ¥130.0 billion, despite the recognition of impairment losses in the Chilean copper and molybdenum businesses and lower profit in the steel pipe business due to weak oil prices. This reflected higher profit in the resources business on higher prices, cost reductions and increased sales volumes, as well as solid performance by major domestic operating companies in the media and lifestyle businesses, the real estate business and the leasing business.」
Fiscal 2016 consolidated net income was ¥170.9 billion against the revised plan of ¥130.0 billion. The fiscal 2017 consolidated net income outlook was set at ¥230.0 billion, continuing to be below the initial fiscal 2017 plan of at least ¥300.0 billion. - FY2017-Q3AdvancedAnnual report
「The fiscal 2016 earnings outlook has not been revised from the consolidated earnings forecast announced when the results for the second quarter of the fiscal year ending March 2017 were released in November 2016. Actual consolidated net income for the first 3 quarters reached 86% of the full-year forecast of ¥130.0 billion.」
The fiscal 2016 consolidated net income forecast was maintained at ¥130.0 billion, with progress reaching 86% after the first 3 quarters. Although impairment losses may be recorded in some businesses in the fourth quarter, the full-year forecast is expected to be achievable. - FY2017-Q2RestatedAnnual report
「Meanwhile, because one-off losses not included in the initial forecast, including tax provisions related to the Bolivia silver, zinc and lead businesses, were recorded in the first half, the consolidated net income forecast for fiscal 2016 was maintained at the initial forecast of ¥130.0 billion. The approximately ¥20.0 billion in costs to improve the company's earnings structure included in the initial outlook was also maintained.」
Although underlying earnings are expected to exceed the initial forecast, the fiscal 2016 consolidated net income forecast of ¥130.0 billion and approximately ¥20.0 billion in costs to improve the company's earnings structure were maintained in light of the tax provisions related to the Bolivia business. - FY2017-Q1Fiscal 2016 earnings forecast presentedAnnual report
「In addition to these factors, we incorporated approximately ¥20.0 billion in costs to steadily implement the asset portfolio rebalancing and improve the company's earnings structure, and set consolidated net income for fiscal 2016 at ¥130.0 billion.」
While the revised quantitative plan for fiscal 2017 continues to be presented, the consolidated net income forecast for fiscal 2016 was shown at ¥130.0 billion, incorporating approximately ¥20.0 billion in costs associated with the asset portfolio rebalancing. - FY2016First statedAnnual report
「Because the recovery in the performance of the resources business and steel pipe business is expected to be delayed due to the prolonged weakness in resource prices and other factors, the quantitative plan under BBBO2017 was revised as follows.」
The fiscal 2017 targets were revised from consolidated net income of at least ¥300.0 billion to at least ¥220.0 billion, ROA of at least 3% to at least 2.5%, risk-return of at least 10% to at least 9.0%, and ROE of approximately 10% to approximately 9.0%. The investment plan was revised from ¥1,200.0 billion over 3 years to ¥1,000.0 billion.