Long-Term Operating Performance and Financial Targets under Challenge Target
First written in FY2017. 7 of 10 entries say "Restated". Latest entry: FY2026.
Seibu Holdings moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 4 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Company will implement a long-term strategy centred on the real estate business to achieve operating income of at least ¥100 billion for the Group in fiscal 2035.・ROE Achieve 8% on a sustained basis (aim for at least 10% in fiscal 2035)・ROA At least 2.7%・Equity ratio 25–30%・Rating agency assessment Maintain an A rating」
The financial KPIs were reorganised from Challenge Target and the previous financial metrics into operating income of at least ¥100 billion, ROE, ROA, the equity ratio and credit ratings linked to Long-Term Strategy 2035. - FY2021ReframedAnnual report
「ROE 10% or higher ROA 3.5% or higher Equity ratio 25–30% Net interest-bearing debt / EBITDA 6 times range」
Target levels were established for ROE, ROA, the equity ratio and the net interest-bearing debt-to-EBITDA ratio as key medium- to long-term metrics replacing, or giving concrete form to, the previous Challenge Target. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, we formulated the three-year Seibu Group Medium-Term Management Plan (FY2019–FY2021) to achieve sustainable and powerful growth toward our long-term target level, and pursued “Taking on innovation from a new perspective and with a sense of urgency” and “Establishing a growth foundation from a long-term perspective” as our basic policies, with “Creating new business areas” and “Strengthening existing business areas” as our 2 key priorities.」
The positioning of the fiscal 2019–2021 medium-term management plan as a plan toward the long-term target level continues. - FY2020-Q1RestatedAnnual report
「To achieve sustained and robust growth toward the long-term target level, the Company formulated the 3-year “西武グループ中期経営計画（2019～2021年度）”」
The medium-term plan continues to be positioned as a plan toward the long-term target level, with only the plan period updated to fiscal years 2019–2021. - FY2019-Q2RestatedAnnual report
「To achieve sustained and robust growth toward the long-term target level, the Company formulated the 3-year “西武グループ中期経営計画（2018～2020年度）”」
The positioning of the 3-year plan as a plan toward the long-term target level continues. - FY2019-Q1RestatedAnnual report
「Against this backdrop, during the first quarter of the current consolidated cumulative period, the Company formulated the 3-year “西武グループ中期経営計画（2018～2020年度）” to achieve sustained and robust growth toward its long-term target level」
The positioning of the 3-year plan as a plan toward the long-term target level continues in the 2018–2020 fiscal-year plan. - FY2018-Q3RestatedAnnual report
「Against this backdrop, during the cumulative third-quarter period, we formulated “Challenge Target,” our long-term target level, and the three-year Seibu Group Medium-Term Management Plan (FY2017–FY2019) as a roadmap toward it, with the aim of maximizing corporate and shareholder value. We pursued “Taking on innovation from a new perspective and with a sense of urgency” and “Establishing a growth foundation from a long-term perspective” as our basic policies, and “Creating new business areas” and “Strengthening existing business areas” as our 2 key priorities.」
The explanation positioning Challenge Target and the 2017–2019 fiscal-year medium-term management plan as the long-term target and roadmap, respectively, has been repeated. - FY2018-Q2RestatedAnnual report
「With the aim of maximising enterprise value and shareholder value, the Company formulated “Challenge Target” as its long-term target level and the “西武グループ中期経営計画（2017～2019年度）,” a 3-year plan, as the roadmap toward achieving it」
The explanation positioning Challenge Target as the long-term target and the medium-term management plan as the roadmap has been repeated. - FY2018-Q1RestatedAnnual report
「With the aim of maximising enterprise value and shareholder value, the Company formulated “Challenge Target” as its long-term target level and the “西武グループ中期経営計画（2017～2019年度）,” a 3-year plan, as the roadmap toward achieving it」
Challenge Target continues to be positioned as the long-term target level, with the 2017–2019 fiscal-year medium-term management plan presented as the roadmap. - FY2017First statedAnnual report
「As long-term target levels, the Company has established “Challenge Target,” consisting of operating revenue of ¥1 trillion, operating income of ¥150 billion, EBITDA of ¥300 billion, and a net interest-bearing debt-to-EBITDA ratio of 7 times or less.」
Long-term target levels have been disclosed for the first time for 4 items: operating revenue, operating income, EBITDA and the net interest-bearing debt-to-EBITDA ratio.