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Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · TargetReview of Medium-Term Management Plan 2020

Creating New Value through Medium-Term Management Plan 2020

First written in FY2018. 7 of 13 entries say "Restated". Latest entry: FY2021.

13entries
4years
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ProgressHeldSoftenedWorseRestatedFY2018 – FY2019-Q3RestatedFY2020-Q1 – FY2020-Q3OtherFY2021-Q2 – FY20212018: 320182019: 420192020: 420202021: 22021
Same theme, other companies
Achieving the medium-term management planA theme 163 companies write about · 8 as a headwind · 166 as a tailwind

13 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 163 companies compared. The sentences above are computed from all 163.
Full recordFilings, disclosures and news, newest first
  1. FY2021Review of Medium-Term Management Plan 2020Annual report

    「In the first year, we achieved the initial plan and posted record-high earnings. In fiscal 2019, however, the initial target was not achieved due to the downturn in the global economy resulting from US-China trade tensions and other factors. In the final year, we fell into a loss of ¥153.1 billion because of the impact of the spread of COVID-19 and substantial one-off losses associated with the rationalization of low-profitability businesses, leaving challenges in terms of our earnings power.」

    The period covered by the Medium-Term Management Plan 2020, from fiscal 2018 through fiscal 2020, ended with record-high earnings in the first year, failure to achieve the target in fiscal 2019, and a ¥153.1 billion loss in the final year.
  2. FY2021-Q3Revised full-year earnings outlookAnnual 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 forecast for the net loss attributable to owners of the parent for fiscal 2020 was revised from ¥150.0 billion to ¥120.0 billion. Meanwhile, one-off losses worsened from ¥250.0 billion to ¥300.0 billion, while earnings excluding one-off items were raised from ¥100.0 billion to ¥180.0 billion.
  3. FY2021-Q2RestatedAnnual report

    「Fiscal 2020 full-year earnings forecast (profit or loss attributable to owners of the parent (△)): loss of ¥150.0 billion (of which nonrecurring income or loss: loss of ¥250.0 billion; of which earnings excluding nonrecurring items: ¥100.0 billion)」

    In light of uncertainty resulting from the novel coronavirus and other factors, we maintained the full-year forecast for fiscal 2020 of a ¥150.0 billion loss attributable to owners of the parent.
  4. FY2021-Q1SoftenedAnnual report

    「Fiscal 2020 full-year earnings forecast (profit or loss attributable to owners of the parent (△)): loss of ¥150.0 billion (of which nonrecurring income or loss: loss of ¥250.0 billion; of which earnings excluding nonrecurring items: ¥100.0 billion)」

    In light of the effects of the novel coronavirus and other factors, we presented a full-year earnings forecast for fiscal 2020 of a ¥150.0 billion loss attributable to owners of the parent.
  5. FY2020AdvancedAnnual report

    「In fiscal 2019, we made total investments of approximately ¥80 billion in these 3 areas.」

    In fiscal 2019, approximately ¥80 billion was invested in the 3 growth areas of Medium-Term Management Plan 2020: Technology × Innovation, Healthcare, and Social Infrastructure, bringing the cumulative investment over 2 years to approximately ¥90 billion.
  6. FY2020-Q3RestatedAnnual report

    「In April 2018, we launched Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020, and are working toward achieving its targets. Under the plan, amid changes in the industrial structure, including the Fourth Industrial Revolution, and the accelerating dismantling of industry boundaries and integration of industries, we are strengthening our management foundation while focusing on advancing our growth strategies and pursuing the relentless challenge of creating new value.」

    Medium-Term Management Plan 2020 continues as a plan for fiscal 2018 through fiscal 2020, with efforts under way to strengthen the management foundation, advance growth strategies and create new value.
  7. FY2020-Q2RestatedAnnual report

    「In April 2018, we launched Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020, and are working toward achieving its targets. Under the plan, amid changes in the industrial structure, including the Fourth Industrial Revolution, and the accelerating dismantling of industry boundaries and integration of industries, we are strengthening our management foundation while focusing on advancing our growth strategies and pursuing the relentless challenge of creating new value.」

    Medium-Term Management Plan 2020 continues as a plan for fiscal 2018 through fiscal 2020, with efforts under way to strengthen the management foundation, advance growth strategies and create new value.
  8. FY2020-Q1RestatedAnnual report

    「In April 2018, we launched Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020, and are working toward achieving its targets. Under the plan, amid changes in the industrial structure, including the Fourth Industrial Revolution, and the accelerating dismantling of industry boundaries and integration of industries, we are strengthening our management foundation while focusing on advancing our growth strategies and pursuing the relentless challenge of creating new value.」

    Medium-Term Management Plan 2020 continues as a plan for fiscal 2018 through fiscal 2020, with efforts under way to strengthen the management foundation, advance growth strategies and create new value.
  9. FY2019AdvancedAnnual report

    「For fiscal 2018, the first year of Medium-Term Management Plan 2020, consolidated net income (note) was ¥320.5 billion, against a plan of ¥320.0 billion. This reflected the impairment loss recognized in the Madagascar nickel business, offset by higher earnings in the Australian coal business due to higher resource prices, higher earnings in the North American steel pipe business as market conditions recovered, progress in construction work for power EPC projects, and solid performance in the real estate business. ROA and ROE were 4.1% and 12.0%, respectively.」

    In fiscal 2018, the first year of Medium-Term Management Plan 2020, consolidated net income was ¥320.5 billion against a plan of ¥320.0 billion, with ROA of 4.1% and ROE of 12.0%. The outlook for consolidated net income in fiscal 2019 was ¥340.0 billion.
  10. FY2019-Q3RestatedAnnual report

    「In April 2018, we launched Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020, and are working toward achieving its targets. Under the plan, amid a business environment in which the rapid development of technologies such as IoT and AI is accelerating the dismantling of industry boundaries and the integration of industries, bringing major changes to the industrial structure, we are strengthening our management foundation while focusing on advancing our growth strategies and pursuing the relentless challenge of creating new value.」

    Medium-Term Management Plan 2020 continues as a plan for fiscal 2018 through fiscal 2020, with efforts under way to strengthen the management foundation and advance growth strategies.
  11. FY2019-Q2RestatedAnnual report

    「In April 2018, we launched Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020, and are working toward achieving its targets. Under the plan, amid a business environment in which the rapid development of technologies such as IoT and AI is accelerating the dismantling of industry boundaries and the integration of industries, bringing major changes to the industrial structure, we are strengthening our management foundation while focusing on advancing our growth strategies and pursuing the relentless challenge of creating new value.」

    Medium-Term Management Plan 2020 continues as a plan for fiscal 2018 through fiscal 2020, with efforts under way to strengthen the management foundation and advance growth strategies.
  12. FY2019-Q1RestatedAnnual report

    「In April 2018, we launched Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020, and are working toward achieving its targets.」

    Medium-Term Management Plan 2020 continues as a plan for fiscal 2018 through fiscal 2020, and it was stated that execution is under way toward achieving its targets. Profit for the quarter attributable to owners of the parent was ¥91.4 billion, and core earnings were ¥92.5 billion.
  13. FY2018First statedAnnual report

    「We have formulated Medium-Term Management Plan 2020, covering the 3 years from fiscal 2018 through fiscal 2020. Under Medium-Term Management Plan 2020, amid a business environment in which the rapid development of technologies such as IoT and AI is accelerating the dismantling of industry boundaries and the integration of industries, bringing major changes to the industrial structure, we will continue strengthening our management foundation while focusing on advancing our growth strategies and pursuing the relentless challenge of creating new value.」

    As the successor to BBBO2017, we newly formulated a 3-year plan covering fiscal 2018 through fiscal 2020.
Moved together

"Identification of Six Material Issues and Integration into Business Decision-Making" moved the same way as this thread, in the same document, in 3 of its 13 moves.

322222★123456
  1. ★This thread
  2. 1Identification of Six Material Issues and Integration into Business Decision-Making3×
  3. 2New Business Development Support, Full-Potential Plan, Asset Cycle, Digital Transformation2×
  4. 3Nomination and Remuneration Advisory Committee Composed Primarily of Outside Directors and Board Effectiveness Evaluation2×
  5. 4Strategic shareholdings held to maintain and strengthen business relationships2×
  6. 5Enhancing the Value of Existing Businesses2×
  7. 6Collaboration among businesses through the use of platform businesses2×

★ 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
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.)'s next results are scheduled for 2026-11-02. Read the earnings preview
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