Maintaining an Ordinary Profit Margin of at Least 15% of Revenue
First written in FY2018. 1 of 9 entries say "Softened", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2018: 5 of 50 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2026Profitability Target Missed; Dividend Payout Target AchievedAnnual report
「For the current fiscal year, the consolidated ordinary profit margin was 9.6% and the consolidated dividend payout ratio was 49.3%. The dividend payout ratio met the target, while the ordinary profit margin fell short.」
The ordinary profit margin fell short of the 10% target, with a result of 9.6%, while the dividend payout ratio target of at least 30% was achieved at 49.3%. - FY2025Profitability Target Missed; Dividend Payout Target AchievedAnnual report
「For the current fiscal year, the consolidated ordinary profit margin was 7.6% and the consolidated dividend payout ratio was 42.9%. The dividend payout ratio met the target, while the ordinary profit margin fell short.」
The ordinary profit margin fell short of the 10% target, with a result of 7.6%, while the dividend payout ratio target of at least 30% was achieved at 42.9%. - FY2024Profitability Target Missed; Dividend Payout Target AchievedAnnual report
「For the current fiscal year, the consolidated ordinary profit margin was 9.5% and the consolidated dividend payout ratio was 38.6%. The dividend payout ratio met the target, while the ordinary profit margin fell short.」
The ordinary profit margin fell short of the 10% target at 9.5%, while the dividend payout ratio target of at least 30% was achieved at 38.6%. - FY2023AchievedAnnual report
「For the current fiscal year, the consolidated ordinary profit margin was 10.1% and the consolidated dividend payout ratio was 33.1%, meeting the targets.」
It states that the targets of a 10% ordinary profit margin and a dividend payout ratio of at least 30% were achieved, with current-period results of 10.1% and 33.1%, respectively. - FY2022Ordinary profit margin target missed; dividend payout ratio achievedAnnual report
「For the current fiscal year, the consolidated ordinary profit margin was 7.9% and the consolidated dividend payout ratio was 38.8%. The dividend payout ratio met the target, while the ordinary profit margin fell short. We will strengthen our management structure and promote human-resource development as we work toward the targets.」
The current-period result of 7.9% fell short of the 10% ordinary profit margin target, while the dividend payout ratio of 38.8% met the target of at least 30%. It states that the company will continue strengthening its management structure and promoting human-resource development. - FY2021Inconsistent ordinary profit margin target disclosures and explanation of the shortfallAnnual report
「With the aim of achieving stable growth over the medium to long term, our group has set a target ordinary profit margin of 10%. In addition, we will maintain a dividend payout ratio of at least 30%. With the aim of achieving stable growth over the medium to long term, our group has set a target ordinary profit margin of 15% and a dividend payout ratio of at least 30%. For the current fiscal year, the consolidated ordinary profit margin was 10% and the consolidated dividend payout ratio was 28.7%, both below target.」
The "Management Indicators to Be Targeted" section states an ordinary profit margin of 10%, while the explanation of achievement status states 15%. Based on the latter benchmark, it explains that the 10% result and the 28.7% dividend payout ratio both fell short. - FY2020Explicit shortfall against targetsAnnual report
「For the current fiscal year, the consolidated ordinary profit margin was 10%, below the target. The consolidated dividend payout ratio was 57.9%, meeting the target. We will strengthen our management structure and promote human-resource development as we work toward the targets.」
It explicitly states that the current-period result of 10% fell short of the 15% ordinary profit margin target and indicates a policy of strengthening the management structure and promoting human-resource development. The dividend payout ratio is stated as 57.9%. - FY2019SoftenedAnnual report
「With the aim of achieving stable growth over the medium to long term, our group has set a target ordinary profit margin of 15%.」
The wording changed from the previous year's "maintain an ordinary profit margin of at least 15%" to "target 15%," and the terms "at least" and "maintain" are no longer included. - FY2018First statedAnnual report
「In addition, from the perspectives of profitability and productivity, we will maintain an ordinary profit margin of at least 15%.」
It explicitly states, for the first time, the target of maintaining an ordinary profit margin of at least 15% as a profitability and productivity target.