Komori
Tokyu (9005) · InitiativePlan period ended (qualitative measures completed; numerical targets not achieved)

Three-Year Medium-Term Management Plan “STEP TO THE NEXT STAGE”

First written in FY2016. 10 of 17 entries say "Restated". Latest entry: FY2021.

17entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q3AdvancedFY2019-Q2 – FY2019-Q3AdvancedFY2020-Q2 – FY2020-Q3RestatedFY2021-Q1 – FY20212016: 320162017: 320172018: 320182019: 320192020: 320202021: 22021
Same theme, other companies
Achieving the Medium-Term Management PlanA theme 150 companies write about · 8 as a headwind · 153 as a tailwind

13 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 150 companies compared. The sentences above are computed from all 150.
Full recordFilings, disclosures and news, newest first
  1. FY2021Plan period ended (qualitative measures completed; numerical targets not achieved)Annual report

    「Fiscal 2020 was the final year of the Medium-Term Three-Year Management Plan “Make the Sustainable Growth,” which began in fiscal 2018. In qualitative terms, key measures, including the opening of large-scale development projects such as the East Building of Shibuya Scramble Square and Minami-Machida Grandberry Park, as well as the 100% installation of platform screen doors and other facilities on railway platforms, were implemented and completed as scheduled. Numerical targets, however, fell significantly short.」

    The plan beginning in fiscal 2018 reached its final year, with major qualitative measures completed, while numerical targets fell significantly short.
  2. FY2021-Q3RestatedAnnual report

    「In April 2000, the Company formulated the “Tokyu Group Management Policy” with the aim of becoming a “Tokyu Group that continues to grow sustainably in the 21st century,” while actively pursuing Group reorganization and working to overcome financial challenges. From April 2005, it shifted its focus to growth strategies and worked to establish a foundation for sustainable growth, and since fiscal 2018 it has been pursuing a Medium-Term Three-Year Management Plan based on the basic policy of “sustainable ‘community development,’ ‘company building’ and ‘people development.’”」

    The Company reaffirms that it continues to pursue the Medium-Term Three-Year Management Plan beginning in fiscal 2018.
  3. FY2021-Q2RestatedAnnual report

    「In April 2000, the Company formulated the “Tokyu Group Management Policy” with the aim of becoming a “Tokyu Group that continues to grow sustainably in the 21st century,” while actively pursuing Group reorganization and working to overcome financial challenges. From April 2005, it shifted its focus to growth strategies and worked to establish a foundation for sustainable growth, and since fiscal 2018 it has been pursuing a Medium-Term Three-Year Management Plan based on the basic policy of “sustainable ‘community development,’ ‘company building’ and ‘people development.’”」

    The Company continues to pursue the Medium-Term Three-Year Management Plan beginning in fiscal 2018.
  4. FY2021-Q1RestatedAnnual report

    「Since fiscal 2018, the Company has been pursuing a Medium-Term Three-Year Management Plan based on the basic policy of “sustainable ‘community development,’ ‘company building’ and ‘people development.’”」

    The Company continues to pursue the Medium-Term Three-Year Management Plan beginning in fiscal 2018.
  5. FY2020-Q3AdvancedAnnual report

    「In the real estate business and other operations, construction of Phase I (East Building) of the Company’s Shibuya Station District Development Plan, which was under development at the end of the previous fiscal year, was completed in August 2019, and operations began in November 2019 as “Shibuya Scramble Square Phase I (East Building).” In the real estate business and other operations, construction of the Company’s Minami-Machida Base Creation Community Development Project, which was under development at the end of the previous fiscal year, was completed in October 2019, and operations began in November 2019 as “Minami-Machida Grandberry Park.”」

    Regarding the major developments included in the medium-term plan, the Company reports concrete progress through the completion of construction and start of operations at Shibuya Scramble Square Phase I (East Building) and Minami-Machida Grandberry Park.
  6. FY2020-Q2AdvancedAnnual report

    「In the real estate business and other operations, construction of Phase I (East Building) of the Company’s Shibuya Station District Development Plan, which was under development at the end of the previous fiscal year, was completed in August 2019, and operations began in November 2019 as “Shibuya Scramble Square Phase I (East Building).”」

    Regarding the major developments included in the medium-term plan, the Company reports reaching the concrete milestone of completing construction of Phase I (East Building) of the Shibuya Station District Development Plan, with operations scheduled to begin in November 2019.
  7. FY2020-Q1RestatedAnnual report

    「The plan aims to achieve sustainable growth by completing and opening major development projects, including those in Shibuya, and beginning their contribution to earnings, while strengthening existing businesses and projects and actively entering new fields where the Company can capitalize on its strengths from a long-term perspective.」

    The objectives of “Make the Sustainable Growth” continue to include the completion and opening of major developments and their contribution to earnings, the strengthening of existing businesses and entry into new fields.
  8. FY2019-Q3AdvancedAnnual report

    「In the real estate business and other operations, construction of the Company’s Shibuya Station South Block project, which was under development at the end of the previous fiscal year, was completed, and operations began in September 2018 as “Shibuya Stream (SHIBUYA STREAM).” In the real estate business, operating revenue was ¥150.101 billion, up 13.1% year on year, due in part to increased revenue from the Company’s real estate leasing business following the opening of Shibuya Stream, while operating profit was ¥24.922 billion, down 1.3% year on year, mainly reflecting the reversal of the previous fiscal year’s high-margin property sales in the Company’s real estate sales business.」

    Regarding the major developments included in the medium-term plan, the Company states that revenue from the real estate leasing business increased following the opening of Shibuya Stream, resulting in operating revenue rising 13.1% year on year.
  9. FY2019-Q2AdvancedAnnual report

    「In the real estate business and other operations, construction of the Company’s Shibuya Station South Block project, which was under development at the end of the previous fiscal year, was completed, and operations began in September 2018 as “Shibuya Stream (SHIBUYA STREAM).”」

    Regarding the major developments included in the objectives of the new medium-term plan, the Company reports concrete progress through the completion of construction of the Shibuya Station South Block project and the start of operations at Shibuya Stream.
  10. FY2019-Q1ReframedAnnual report

    「The Company and its consolidated subsidiaries are pursuing the Medium-Term Three-Year Management Plan “Make the Sustainable Growth,” beginning in fiscal 2018, with a policy of achieving sustainable growth by strengthening existing businesses and projects and actively entering new fields where the Company can capitalize on its strengths, in preparation for a major leap forward. The plan aims to achieve sustainable growth by completing and opening major development projects, including those in Shibuya, and beginning their contribution to earnings, while strengthening existing businesses and projects and actively entering new fields where the Company can capitalize on its strengths from a long-term perspective.」

    The Company changed from the previous “STEP TO THE NEXT STAGE” plan to the new plan “Make the Sustainable Growth,” beginning in fiscal 2018, which explicitly identifies the completion and opening of major developments and the start of their contribution to earnings as objectives.
  11. FY2018-Q3RestatedAnnual report

    「The Company, including its consolidated subsidiaries, is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” beginning in fiscal 2015, aiming to improve both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    The Company continues to pursue the Medium-Term Three-Year Management Plan beginning in fiscal 2015, but does not present any new changes to the plan or achievement milestones.
  12. FY2018-Q2RestatedAnnual report

    「The Company, including its consolidated subsidiaries, is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” beginning in fiscal 2015, aiming to improve both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    The Company continues to pursue the Medium-Term Three-Year Management Plan beginning in fiscal 2015, but does not present any changes to the plan or new achievement milestones.
  13. FY2018-Q1RestatedAnnual report

    「The Company, including its consolidated subsidiaries, is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” beginning in fiscal 2015, aiming to improve both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    Although the Company describes the continued pursuit of the Medium-Term Three-Year Management Plan beginning in fiscal 2015, it does not present any changes to the plan or new achievement milestones.
  14. FY2017-Q3RestatedAnnual report

    「The Company, including its consolidated subsidiaries, is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” aiming to improve both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    The Company continues to pursue the Medium-Term Three-Year Management Plan, but does not present any changes to the plan or new achievement milestones.
  15. FY2017-Q2RestatedAnnual report

    「The Company, including its consolidated subsidiaries, is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” aiming to improve both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    Although the Company explicitly states that it will continue pursuing the Medium-Term Three-Year Management Plan, it does not present any changes to the plan or new achievement milestones.
  16. FY2017-Q1RestatedAnnual report

    「The Company, including its consolidated subsidiaries, is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” aiming to improve both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    Although the Company explicitly states that it will continue pursuing the Medium-Term Three-Year Management Plan, it does not present any changes to the plan or explicit new milestones.
  17. FY2016First statedAnnual report

    「The Company is pursuing the Medium-Term Three-Year Management Plan “STEP TO THE NEXT STAGE,” beginning in the current fiscal year, with the aim of improving both profitability and efficiency by strengthening existing businesses and projects, actively entering new fields where it can capitalize on its strengths, and making focused investments in growth areas, while maintaining financial soundness in preparation for a major leap forward.」

    The three-year plan beginning in fiscal 2015 combines the strengthening of existing businesses, entry into new fields and growth investments.
Moved together

"Further Promotion of Along-Line Development and the Real Estate Business" moved the same way as this thread, in the same document, in 4 of its 17 moves.

43322★12345
  1. ★This thread
  2. 1Further Promotion of Along-Line Development and the Real Estate Business4×
  3. 2Lifestyle & Workstyle Innovation3×
  4. 3Stable dividend targeting a consolidated dividend-on-equity ratio of 2%3×
  5. 4Share Repurchases to Improve Capital Efficiency2×
  6. 5Functional Reorganization into a Business Holding Company Structure2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Tokyu yet.
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