Sotetsu Group Medium-Term Management Plan (Fiscal Years 2017–2019): Management Indicator Targets
First written in FY2017. 14 of 20 entries say "Restated". Latest entry: FY2025.
Sotetsu Holdings moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 5 of 17 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Fiscal 2024 (actual): operating income of ¥37.8 billion, profit attributable to owners of the parent of ¥22.4 billion, EBITDA of ¥62.5 billion, interest-bearing debt-to-EBITDA ratio of 6.6x, ROA (return on assets) of 5.0%, ROE (return on equity) of 12.9%, and equity ratio of 24.0%. Fiscal 2027 (Seventh Medium-Term Management Plan): operating income of ¥38.0 billion, profit attributable to owners of the parent of ¥22.4 billion, EBITDA of ¥67.0 billion, interest-bearing debt-to-EBITDA ratio of 6.9x, ROA (return on assets) of 4.5%, ROE (return on equity) of 10.2%, and equity ratio of 26.5%.」
The planning framework was updated from the fiscal 2024 indicators under the previous Sixth Medium-Term Management Plan to the fiscal 2027 indicators under the Seventh Medium-Term Management Plan. - FY2024ReframedAnnual report
「Fiscal 2024 (medium-term management plan): operating income of ¥30.5 billion, profit attributable to owners of the parent of ¥17.7 billion, interest-bearing debt-to-EBITDA ratio of 7.4x, ROA (return on assets) of 4.1%, ROE (return on equity) of 11.1%, and equity ratio of 22.3%. (For reference) Fiscal 2024 (plan): operating income of ¥31.8 billion, profit attributable to owners of the parent of ¥19.1 billion, interest-bearing debt-to-EBITDA ratio of 7.3x, ROA (return on assets) of 4.1%, ROE (return on equity) of 11.2%, and equity ratio of 23.0%. Fiscal 2030 (long-term vision): operating income of approximately ¥37.0 billion, EBITDA of approximately ¥62.0 billion, interest-bearing debt-to-EBITDA ratio of less than 7x, ROA (return on assets) of 4.5%, and equity ratio in the upper 20% range.」
In addition to the targets under the Sixth Medium-Term Management Plan, the company presented the reference plan for fiscal 2024 and the fiscal 2030 indicators under Vision2030, clarifying the framework for the plan's indicators. - FY2023RestatedAnnual report
「Fiscal 2024 (plan): operating income of ¥30.5 billion, profit attributable to owners of the parent of ¥17.7 billion, interest-bearing debt-to-EBITDA ratio of 7.4x, ROA (return on assets) of 4.1%, ROE (return on equity) of 11.1%, and equity ratio of 22.3%.」
The fiscal 2024 financial targets set under the Sixth Medium-Term Management Plan and Vision2030 were restated, together with the fiscal 2030 targets. - FY2023-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
The company reconfirms that there have been no significant changes to the objective indicators for its management policy, management strategy, and management targets. - FY2022RestatedAnnual report
「Fiscal 2024 (plan): operating income of ¥30.5 billion, profit attributable to owners of the parent of ¥17.7 billion, interest-bearing debt-to-EBITDA ratio of 7.4x, ROA (return on assets) of 4.1%, ROE (return on equity) of 11.1%, and equity ratio of 22.3%.」
The fiscal 2024 financial targets set under the Sixth Medium-Term Management Plan and Vision2030 were restated in the annual report, together with the fiscal 2030 targets. - FY2022-Q3ReframedAnnual report
「The company announced on 25 November 2021 the Sixth Medium-Term Management Plan (Fiscal 2022–Fiscal 2024) and the Long-Term Vision “Vision2030,” which had been described in the previous fiscal year's annual securities report as under development, and newly established objective indicators and other measures for assessing progress toward management targets. Fiscal 2024 (plan): operating income of ¥30.5 billion, profit attributable to owners of the parent of ¥17.7 billion, interest-bearing debt-to-EBITDA ratio of 7.4x, ROA (return on assets) of 4.1%, ROE (return on equity) of 11.1%, and equity ratio of 22.3%.」
The company announced the Sixth Medium-Term Management Plan to replace the Fiscal 2017–Fiscal 2019 plan and established new indicators, including fiscal 2024 operating income of ¥30.5 billion, profit attributable to owners of the parent of ¥17.7 billion, and an interest-bearing debt-to-EBITDA ratio of 7.4x. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there have been no significant changes to its existing management policy, management strategy, or target indicators. - FY2021-Q2SoftenedAnnual report
「Fiscal 2019 (actual): operating revenue of ¥265.1 billion, operating income of ¥26.4 billion, ordinary income of ¥23.9 billion, and profit attributable to owners of the parent of ¥14.6 billion / Fiscal 2020 (forecast): operating revenue of ¥221.3 billion, operating loss of ¥9.9 billion, ordinary loss of ¥12.0 billion, and loss attributable to owners of the parent of ¥11.0 billion」
For fiscal 2020, the company announced forecasts of operating revenue of ¥221.3 billion, an operating loss of ¥9.9 billion, an ordinary loss of ¥12.0 billion, and a loss attributable to owners of the parent of ¥11.0 billion, representing expectations of a substantial decline in revenue and a loss compared with the previous fiscal year's actual results. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
The company reconfirms that there have been no significant changes to the objective indicators for its management policy, management strategy, and management targets. - FY2020-Q3RestatedAnnual report
「There were no material changes during the nine-month period to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」
The company reconfirms that there have been no significant changes to the objective indicators for its management policy, management strategy, and management targets. - FY2020-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
The company reconfirms that there have been no significant changes to the objective indicators for its management policy, management strategy, and management targets. - FY2020-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
The company reconfirms that there have been no significant changes to the objective indicators for its management policy, management strategy, and management targets. - FY2019SoftenedAnnual report
「The management indicators in the fiscal 2019 earnings forecast are as follows. Fiscal 2018 (actual): operating income of ¥31.6 billion, profit attributable to owners of the parent of ¥18.3 billion, equity of ¥148.2 billion (equity ratio of 24.2%), and an interest-bearing debt-to-EBITDA ratio of 6.5x. Fiscal 2019 (forecast): operating income of ¥29.0 billion, profit attributable to owners of the parent of ¥16.8 billion, equity of ¥160.1 billion (equity ratio of 25.1%), and an interest-bearing debt-to-EBITDA ratio of 6.5x.」
The fiscal 2019 forecast of ¥29.0 billion in operating income and ¥16.8 billion in net income is below the previous medium-term management plan targets of ¥31.8 billion in operating income and ¥17.9 billion in net income. The interest-bearing debt-to-EBITDA ratio is also forecast at 6.5x, versus the target of 6.4x. - FY2019-Q3RestatedAnnual report
「There were no material changes during the nine-month period to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」
The company reconfirms that there have been no significant changes to the management policy, management strategy, or target indicators under the medium-term management plan. - FY2019-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
The company reconfirms that there have been no significant changes to the management policy, management strategy, or target indicators under the medium-term management plan. - FY2019-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
The company reconfirms that there have been no significant changes to the management policy, management strategy, or target indicators under the medium-term management plan. - FY2018-Q3RestatedAnnual report
「There were no material changes during the nine-month period to the objective indicators used to assess progress toward the Group's management policies, management strategies and management targets.」
The company states that there have been no significant changes to the management policy, management strategy, or target indicators under the medium-term management plan. - FY2018-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no material changes to the objective indicators used to assess progress toward the management policies, management strategies and management targets established by the group.」
The company states that there have been no significant changes to the management policy, management strategy, or target indicators under the medium-term management plan. - FY2018-Q1RestatedAnnual report
「There have been no material changes to the management policies, management strategies and other matters established by the Group, or to the objective indicators used to assess progress toward management targets, during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there have been no significant changes to the management policy, management strategy, or target indicators under the medium-term management plan. - FY2017First statedAnnual report
「The following targets were set out in the Sotetsu Group Medium-Term Management Plan (Fiscal 2017–Fiscal 2019), announced in May 2017.」
With fiscal 2019 as the target year, the targets are operating income of ¥31.8 billion, profit attributable to owners of the parent of ¥17.9 billion, equity of ¥162.0 billion (equity ratio of 25.1%), and an interest-bearing debt-to-EBITDA ratio of 6.4x.