Fifth Medium-Term Management Plan (Fiscal years ending March 2023 to March 2025)
First written in FY2022. 7 of 11 entries say "Restated". Latest entry: FY2025.
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- FY2025Summary of achievements and shortfalls at the end of the plan periodAnnual report
「As a result, we achieved our targets of maintaining ROE above the industry average and providing appropriate returns to shareholders. Although the fixed-cost coverage ratio from stable earnings improved throughout the plan period, it did not reach the 50% target and remains an issue to be addressed on an ongoing basis.」
In the final year of the Fifth Medium-Term Management Plan, ROE and shareholder returns met their targets, while the fixed-cost coverage ratio remained at 40.9% for the fiscal year ending March 2025, below the 50% target, leaving it as an ongoing issue. - FY2025-H1RestatedAnnual report
「There have been no material changes to the management policies, management strategies or other matters established by our group during the interim consolidated accounting period.」
It was explicitly stated that there were no material changes during the current interim consolidated accounting period in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan. - FY2024AdvancedAnnual report
「1. Pursuing customer needs and customers’ best interests; opening a new location in Nagasaki Prefecture (Nagasaki Plaza opened in March 2023); building mutual fund assets under custody (target for March 2025: the ¥600 billion range) → ¥406.9 billion at March 2024. 2. Promoting sales through digital technologies. 3. Expanding online trading services. 2. Financial targets and shareholder returns: 1. A fixed-cost coverage ratio of at least 50% from stable earnings (final-year target) → 38.9% for the fiscal year ended March 2024. 2. Management focused on capital efficiency: maintaining ROE above the industry average (*) and a top ranking → the company’s ROE for the fiscal year ended March 2024 was 9.0%, ranking first among 17 companies including the company, versus an industry average of 6.0%. 3. Continuing stable dividends and providing earnings-linked shareholder returns: setting annual dividends per share of ¥40 as the minimum and a total payout ratio of at least 50% → annual dividends of ¥120, a record high, and a total payout ratio of 50.7%.」
As the second year of the Fifth Medium-Term Management Plan, progress was disclosed, including mutual fund assets under custody of ¥406.9 billion, a fixed-cost coverage ratio of 38.9%, the highest ROE among 17 companies, annual dividends of ¥120 and a total payout ratio of 50.7%. - FY2024-Q3RestatedAnnual report
「There were no material changes during the nine-month period of the current consolidated fiscal year in the group's management policies, management strategies or other matters.」
It was explicitly stated that there were no material changes in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan, during the third quarter of the current fiscal year. - FY2024-Q2RestatedAnnual report
「There were no material changes during the cumulative second quarter to the Group's management policies, management strategies or other related matters.」
It was explicitly stated that there were no material changes in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan, during the second quarter of the current fiscal year. - FY2024-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated cumulative period in the Group's management policies, management strategies or other related matters.」
It was explicitly stated that there were no material changes in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan, during the first quarter of the current fiscal year. - FY2023AdvancedAnnual report
「1. Pursuing customer needs and customers’ best interests; opening a new location in Nagasaki Prefecture (Nagasaki Plaza opened in March 2023); building mutual fund assets under custody (target for March 2025: the ¥600 billion range) → ¥322.9 billion at March 2023. 2. Promoting sales through digital technologies. 3. Expanding online trading services.」
For the Fifth Medium-Term Management Plan, specific first-year initiatives and progress were disclosed, including the opening of Nagasaki Plaza, mutual fund assets under custody of ¥322.9 billion, digital sales, expanded online trading, a fixed-cost coverage ratio of 33.5%, the highest ROE among 17 companies, annual dividends of ¥80 and a total payout ratio of 52.7%. - FY2023-Q3RestatedAnnual report
「There were no material changes during the nine-month period of the current consolidated fiscal year in the group's management policies, management strategies or other matters.」
It was explicitly stated that there were no material changes in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan, during the third quarter of the current fiscal year. - FY2023-Q2RestatedAnnual report
「There were no material changes during the cumulative second quarter to the Group's management policies, management strategies or other related matters.」
It was explicitly stated that there were no material changes in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan, during the second quarter of the current fiscal year. - FY2023-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated cumulative period in the Group's management policies, management strategies or other related matters.」
It was explicitly stated that there were no material changes in management policies, management strategies or related matters, including the Fifth Medium-Term Management Plan, during the first quarter of the current fiscal year. - FY2022First statedAnnual report
「The new Medium-Term Management Plan covering the fiscal years ending March 2023 to March 2025 was formulated based on the results of the previous Medium-Term Management Plan and current challenges. <Outline of the Fifth Medium-Term Management Plan (fiscal years ending March 2023 to March 2025)> 1. Sales initiatives and infrastructure enhancement: pursuing customer needs and customers’ best interests; promoting sales through digital technologies; expanding online trading services. 2. Financial targets and shareholder returns: a fixed-cost coverage ratio of at least 50% from stable earnings in the final year; management focused on capital efficiency; continuing stable dividends and providing earnings-linked shareholder returns. 3. Strengthening initiatives for ESG and SDGs.」
Based on the achievements of the Fourth Medium-Term Management Plan and the shortfall in the fixed-cost coverage ratio, the Fifth Medium-Term Management Plan covering the fiscal years ending March 2023 to March 2025 was newly established. Its three pillars are the sales platform, finance and shareholder returns, and ESG and SDGs, with the target fixed-cost coverage ratio reset at 50% or higher.