Fourth Medium-Term Management Plan (Fiscal 2019–Fiscal 2021)
First written in FY2019. 6 of 10 entries say "Restated". Latest entry: FY2023-Q2.
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- FY2023-Q2RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative second quarter of the current consolidated fiscal year.」
Explicitly stated that there had been no material changes to its management policies, management strategies or other related matters, and continued the direction of its existing management plans. - FY2022Reviewed the end of the plan period, achievements and shortfallsAnnual report
「As a result, the company achieved its targets for building balances of overseas financial products, maintaining ROE above the industry average and a top ranking, and providing appropriate returns to shareholders. Meanwhile, although the fixed-cost coverage ratio from stable revenue improved over the plan period, it did not reach the target of 50% and remains an issue requiring continued attention.」
In the final year of the Fourth Medium-Term Management Plan, the company achieved its targets for overseas financial product balances, ROE and shareholder returns, while the 50% fixed-cost coverage ratio remained unmet and was carried forward as an ongoing issue. - FY2022-Q3RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative third quarter of the current consolidated fiscal year.」
Reaffirmed that there had been no material changes to its management policies, management strategies or other related matters, including the Fourth Medium-Term Management Plan. - FY2022-Q2RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative second quarter of the current consolidated fiscal year.」
Explicitly stated that there had been no material changes to its management policies, management strategies or other related matters, and continued its existing direction, including the Fourth Medium-Term Management Plan. - FY2022-Q1RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative first quarter of the current consolidated fiscal year.」
Explicitly stated that there had been no material changes to its management policies, management strategies or other related matters, and continued its existing direction, including the Fourth Medium-Term Management Plan. - FY2021AdvancedAnnual report
「1. Providing products suited to market conditions: Building balances of overseas financial products (equities, bonds and investment trusts) (over ¥400 billion at March 2022) → ¥475.5 billion at March 2021. 2. Expanding stable revenue: 50% fixed-cost coverage ratio from stable revenue (net financial income, fees related to margin transactions and investment trust fees) → 30.6% for FY2021. 3. Improving productivity through greater efficiency: Improving operational efficiency through telework and RPA → ordinary profit margin on operating revenue: 22.4% for FY2020 → 32.2% for FY2021. 4. Management focused on capital efficiency: Maintaining ROE above the industry average (*) and a top ranking → the company's ROE for FY2021: 10.0%; average for 16 major securities companies: 6.3%; second-highest among 17 companies, including the company. 5. Shareholder returns: Set annual dividends per share at ¥40 as a floor and total payout ratio at 50% or more → annual dividend: ¥117, the highest ever; total payout ratio: 51.3%.」
For the Fourth Medium-Term Management Plan, disclosed current-year progress and results across multiple indicators, including overseas financial product assets under custody, productivity, ROE and shareholder returns. The fixed-cost coverage ratio was 30.6%, below the 50% target. - FY2021-Q3RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative third quarter of the current consolidated fiscal year.」
Explicitly stated that there had been no material changes to its management policies, management strategies or other related matters, and continued its existing direction, including the Fourth Medium-Term Management Plan. - FY2021-Q2RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative second quarter of the current consolidated fiscal year.」
Explicitly stated that there had been no material changes to its management policies, management strategies or other related matters, and continued the direction of the Fourth Medium-Term Management Plan. - FY2020AdvancedAnnual report
「The numerical targets for the final year of the plan, FY2021, included ¥400 billion in assets under custody in overseas financial products and a 50% fixed-cost coverage ratio from stable revenue, comprising net financial income, fees related to margin transactions, and investment trust fees. For ROE, rather than focusing on the absolute figure, the company prioritised its relative standing within the industry, targeting ROE above the industry average and maintenance of a top ranking.」
For the Fourth Medium-Term Management Plan, disclosed progress against the final-year targets, including ¥297.3 billion in assets under custody, a 30.5% fixed-cost coverage ratio, and ROE of 5.4%, ranking second among 17 companies in the first year. - FY2019First statedAnnual report
「The new Medium-Term Management Plan covering FY2019-FY2021, beginning in FY2019, was formulated based on the results of the previous Medium-Term Management Plan and current issues, as follows. <Core elements of the Fourth Medium-Term Management Plan (FY2019-FY2021)> 1. Providing products suited to market conditions 2. Expanding stable revenue 3. Improving productivity through greater efficiency 4. Management focused on capital efficiency 5. Shareholder returns 6. Exploring M&A and alliances 7. Continuing and promoting SDGs initiatives」
Newly formulated the Fourth Medium-Term Management Plan for FY2019-FY2021, identifying product offerings, stable revenue, productivity, capital efficiency, shareholder returns, M&A and alliances, and SDGs as priority areas.