Achieving a 10% Consolidated Operating Margin
First written in FY2018. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 14 of 100 companies on the "Worse" side.
- FY2026Update: full-year results below targetAnnual report
「The Group’s consolidated operating margin for the fiscal year was 8.8%. Going forward, we will work to achieve this target by securing an appropriate gross margin and controlling selling, general and administrative expenses.」
While maintaining the 10% consolidated operating margin target, the FY2026 result was 8.8%, down from 8.9% in FY2025 and below target. - 2026-03-30OtherEarnings
「We aim to achieve the targets of consolidated sales of ¥729.1 billion and an operating margin of 9.2% under Medium-Term Management Plan 2027.」
The operating margin for the fiscal year ended February 2026 was 8.8%, below the 10% target. Meanwhile, the targets for the next phase of Medium-Term Management Plan 2027 were presented as consolidated sales of ¥729.1 billion and an operating margin of 9.2%. - FY2025Update: full-year results below targetAnnual report
「The Group’s consolidated operating margin for the fiscal year was 8.9%. Going forward, we will work to achieve this target by securing an appropriate gross margin and controlling selling, general and administrative expenses.」
While maintaining the 10% consolidated operating margin target, the FY2025 result was 8.9%, below target. - FY2023Update: full-year results below targetAnnual report
「The consolidated operating margin of the Group for the current consolidated fiscal year was 8.7%, below the target level, but the Group will continue working to achieve the target by securing an appropriate gross profit margin and controlling selling, general and administrative expenses.」
The Company maintained its 10% consolidated operating margin target, while the full-year result was 8.7%, below the target level. - FY2022Update: full-year results below targetAnnual report
「The consolidated operating margin of the Group for the current consolidated fiscal year was 8.5%, below the target level, but the Group will continue working to achieve the target by securing an appropriate gross profit margin and controlling selling, general and administrative expenses.」
The Company maintained its 10% consolidated operating margin target, while the full-year result was 8.5%, below the target level. - FY2020Updated performance below targetAnnual report
「The consolidated operating margin of the Group for the current consolidated fiscal year was 4.4%, below the target level, but the Group will continue working to achieve the target by securing an appropriate gross profit margin and controlling selling, general and administrative expenses.」
The Company maintained its 10% consolidated operating margin target, while the current-year result fell to 4.4% from 4.7% in the previous fiscal year, below the target level. - FY2019Disclosure of results falling short of targetsAnnual report
「The consolidated operating margin of the Group for the current consolidated fiscal year was 4.7%, below the target level, but the Group will continue working to achieve the target by securing an appropriate gross profit margin and controlling selling, general and administrative expenses.」
The Company reaffirmed its 10% consolidated operating margin target while disclosing that the current-year result was 4.7%, below the target level. - FY2018First statedAnnual report
「The Company targets an appropriate operating margin of 10% for its retail business and recognizes 10% as the appropriate consolidated operating margin. To achieve this, it is working to develop a new corporate structure by upgrading procurement, operations and organization, based on integrated logistics and information systems for the entire Group.」
The Company first disclosed a target of developing an integrated logistics and information system and upgrading procurement, operations and organization, with a consolidated operating margin of 10% recognized as an appropriate level.