Re-setting the V70 Medium-Term Management Plan
First written in FY2016. 11 of 16 entries say "Restated". Latest entry: FY2020.
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- FY2020DroppedAnnual report
「However, the spread of COVID-19 and the impact of terminating the authorized distributorship agreement with Renesas Electronics Corporation, formerly a major supplier to the Device Business, made it extremely difficult to reasonably calculate the earnings forecast for the 70th fiscal year. Accordingly, these quantitative targets were withdrawn on 27 May 2020.」
The quantitative targets of 5% ROE and ordinary profit of ¥3,000 million set for the final fiscal year of the V70 Medium-Term Management Plan were withdrawn on 27 May 2020. The policy of treating ROE and ordinary profit as important management indicators remains unchanged. - FY2020-Q3RestatedAnnual report
「Against this backdrop, under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group is working toward achieving 5% ROE and ordinary profit of ¥3,000 million.」
The V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, and its targets of 5% ROE and ordinary profit of ¥3,000 million remain in place. There have been no material changes to the management policies or management strategies. - FY2020-Q2RestatedAnnual report
「Against this backdrop, under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group is working toward achieving 5% ROE and ordinary profit of ¥3,000 million.」
The V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, and its targets of 5% ROE and ordinary profit of ¥3,000 million continue. There have been no material changes to the management policies or management strategies. - FY2020-Q1RestatedAnnual report
「Against this backdrop, under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group is working toward achieving 5% ROE and ordinary profit of ¥3,000 million.」
The V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, and its targets of 5% ROE and ordinary profit of ¥3,000 million remain in place. Operating profit was ¥247 million and ordinary profit was ¥218 million, improving from losses and low levels in the same period of the previous year, but the filing does not state that the targets were achieved. - FY2019AdvancedAnnual report
「Our group regards ROE and ordinary profit as important management indicators and has set targets of 5% ROE and ordinary profit of ¥3,000 million under the V70 Medium-Term Management Plan, whose final fiscal year is the Company's 70th fiscal year (fiscal year ending March 2021).」
The V70 quantitative targets remain in place. Actual results for the current fiscal year were ROE of 2.8% and ordinary profit of ¥1,737 million, while the forecast for the following fiscal year was ROE of 3.5% and ordinary profit of ¥1,900 million. Although the targets were not achieved, the plan's progress has been updated with annual actual results and forecasts. - FY2019-Q3RestatedAnnual report
「Under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group worked toward achieving 5% ROE and ordinary profit of ¥3,000 million. In the Device Business, we promoted business portfolio reform aimed at focusing on growth areas and shifting toward higher-value-added businesses, while concentrating on improving the profitability of existing businesses through thorough management of foreign exchange and inventory risks and more efficient operations. In the Solutions Business, we expanded the range of cloud services to establish a profit base for the data center business and worked to create synergies between business units through cross-selling.」
The V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, its targets of 5% ROE and ordinary profit of ¥3,000 million, and measures in both the Device and Solutions businesses continue. There have been no material changes to the management policies, management strategies or other matters. - FY2019-Q2RestatedAnnual report
「Under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group worked toward achieving 5% ROE and ordinary profit of ¥3,000 million. In the Device Business, we promoted business portfolio reform aimed at focusing on growth areas and shifting toward higher-value-added businesses, while concentrating on improving the profitability of existing businesses through thorough management of foreign exchange and inventory risks and more efficient operations. In the Solutions Business, we expanded the range of cloud services to establish a profit base for the data center business and worked to create synergies between business units through cross-selling.」
The targets of the V70 plan, whose final fiscal year is the fiscal year ending March 2021, namely 5% ROE and ordinary profit of ¥3,000 million, remain in place, and measures in both the Device and Solutions businesses continue. There have been no material changes to the management policies, management strategies or other matters. - FY2019-Q1RestatedAnnual report
「Under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group worked toward achieving 5% ROE and ordinary profit of ¥3,000 million. In the Device Business, we promoted business portfolio reform aimed at shifting toward higher-value-added businesses, while working to improve the profitability of existing businesses through thorough management of foreign exchange and inventory risks and more efficient operations. In the Solutions Business, we expanded the range of cloud services to establish a profit base for the data center business and worked to create synergies between business units by promoting cross-selling.」
The V70 plan, whose final fiscal year is the fiscal year ending March 2021, and its targets of 5% ROE and ordinary profit of ¥3,000 million remain in place, as do the measures in both businesses. There has been no material change in the key management policies. - FY2018AdvancedAnnual report
「Our group is implementing the V70 Medium-Term Management Plan, whose final fiscal year is the Company's 70th fiscal year (fiscal year ending March 2021), and has set targets of 5% ROE and ordinary profit of ¥3,000 million.」
The V70 plan is specified as a five-year plan covering April 2016 through March 2021, with a quantitative progress table disclosing actual results for the 67th fiscal year, forecasts for the 68th fiscal year, and targets for the 69th and 70th fiscal years. - FY2018-Q3RestatedAnnual report
「Against this backdrop, our group is diligently implementing the V70 Medium-Term Management Plan.」
The V70 Medium-Term Management Plan continues to be implemented, and it is reaffirmed that there have been no material changes to the management policies, management strategies or other matters. - FY2018-Q2RestatedAnnual report
「Against this backdrop, our group is diligently implementing the V70 Medium-Term Management Plan.」
The V70 Medium-Term Management Plan continues to be implemented, and it is reaffirmed that there have been no material changes to the management policies, management strategies or other matters. - FY2018-Q1ReframedAnnual report
「Under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group is working toward achieving 5% ROE and ordinary profit of ¥3,000 million.」
The V70 Medium-Term Management Plan and its final fiscal year remain unchanged, but ordinary profit of ¥3,000 million is specified in place of the previous 2% ordinary profit margin, changing the way the target metrics are expressed. - FY2017-Q3RestatedAnnual report
「Under the V70 Medium-Term Management Plan beginning with the 66th fiscal year (fiscal year ending March 2017), our group worked on the measures necessary to strengthen our business capabilities and establish a stronger management foundation.」
The continuation of the V70 Medium-Term Management Plan beginning with the 66th fiscal year is confirmed, and the group reiterates that it is working to strengthen its business capabilities and establish a stronger management foundation. - FY2017-Q2RestatedAnnual report
「Against this backdrop, under the V70 Medium-Term Management Plan beginning with the 66th fiscal year (fiscal year ending March 2017), our group worked diligently on the measures necessary to strengthen our business capabilities and establish a stronger management foundation.」
The continuation of the V70 Medium-Term Management Plan beginning with the 66th fiscal year, and efforts to strengthen business capabilities and establish a stronger management foundation, are reaffirmed. - FY2017-Q1RestatedAnnual report
「Under the V70 Medium-Term Management Plan, whose final fiscal year is the fiscal year ending March 2021, our group has worked diligently to strengthen our business capabilities and establish a stronger management foundation, with a view to achieving at an early stage a 2% ordinary profit margin and a 5% return on equity (ROE).」
The continuation and final fiscal year of the V70 Medium-Term Management Plan are specified, and the targets of a 2% ordinary profit margin and 5% ROE, together with measures to strengthen business capabilities and establish a stronger management foundation, are reaffirmed. - FY2016First statedAnnual report
「Our group had been implementing the V66 Medium-Term Management Plan, whose final fiscal year was the 66th fiscal year (fiscal year ended March 2017). However, in light of the difficult results for the current fiscal year (fiscal year ended March 2016) and the rapid changes in the business environment, we determined that the strategy for the Device Business, in particular, needed to be fundamentally reworked. Accordingly, we have reformulated the plan as the V70 Medium-Term Management Plan, a five-year plan beginning with the 66th fiscal year (fiscal year ending March 2017), and will implement it accordingly.」
The existing V66 Medium-Term Management Plan has been reformulated not simply by extending its final year, but as a five-year plan involving a fundamental review of the Device Business strategy.